Table of Contents
Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Bank of America Stress Test Result prompts Caution

The U.S. Dollar saw some gains versus the Euro following the release of the results of the stress test recently done on the Bank of America. Those results indicate that the Bank of America is in need of additional capital; according to one source, that amount could be near $35 billion. That data encouraged investors to be more risk averse, and seek out safe haven currencies, such as the U.S. Dollar and the Japanese Yen. As reported at 7:38 a.m. (GMT), the Euro lost .1% versus the U.S. Dollar, trading at $1.3309, far below the recent month-long high trade of $1.3439, hit on Tuesday on the EBS platform. The Euro also lost against the Japanese Yen, falling .7% to trade at 130.81 Yen. The U.S. Dollar struggled against the Yen, losing .6% to trade at 98.31 Yen.

While markets are still waiting for the release of additional results of the bank stress tests, they remain cautious in advance of the Bank of England and European Central Bank meetings which are scheduled to be held tomorrow. Investors will also be on the look out for the results of the Purchasing Manager’s Survey of Euro Zone participants, as well as retail sales figures for March; both reports are expected to be released today.

Most Visited Forex Broker Reviews