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Forex Market Review – Euro ends day higher, off 2-year low 14 Jul 2012 | 04:47 am
Euro ended the week on an upbeat note, bouncing off two-year lows and jumped 0.7 percent to rise back near the mid-week levels. Earlier in the day the single currency was under pressure after Moody’s...
Forex News – Sterling gains after new Bank of England lending scheme 13 Jul 2012 | 08:18 pm
Sterling has been rallying sharply against the dollar and the euro after the Bank of England announced its new lending plan that will boost credit by 80 billion pounds, in an effort to stimulate the ...
Forex Market Review – Pre-US open: Euro struggles after Moody’s downgrades Italy 13 Jul 2012 | 07:27 pm
The European session has been somewhat subdued ahead of the weekend. Euro remains around a two-year low after a Moody’s downgrade of Italian bond ratings kept bearish sentiment alive. China GDP data e...
Forex News – Euro under pressure after Moody’s cut Italy’s bond ratings 13 Jul 2012 | 05:28 pm
Euro is under pressure, hovering near a two-year low against the dollar after Moody’s ratings agency downgraded Italy’s government bond rating by two notches to Baa2 from A3 late on Thursday night. Th...
Forex Asia Review – Aussie rallies after China GDP 13 Jul 2012 | 02:19 pm
Euro was steady in the Asian session, hovering near a two-year low. The single currency dipped briefly after Moody’s cut Italy’s credit rating but soon recovered some losses after China GDP data which...
Forex Market Review – Yen maintains strength after BOJ 13 Jul 2012 | 04:16 am
Euro recovered slightly from a two-year low reached earlier against the dollar, under pressure by heightened risk aversion amid concerns of slowing global growth. China releases GDP data tomorrow, wit...
Forex News – Dollar gains after U.S. jobless claims drop to lowest in four years 12 Jul 2012 | 08:55 pm
Dollar extended gains against the euro after U.S. jobless claims data. The number of claims filed by Americans for initial jobless benefits fell more than expected last week, marking the lowest level ...
Forex Market Review – Euro below $1.22 for first time in 2 years 12 Jul 2012 | 08:21 pm
Euro tumbled to dip below $1.22 for the first time in two years as major risk aversion dominated the markets today. The ECB daily liquidity report showed that bank deposits have fallen sharply to 324....
Forex News – Euro rises slightly after improved euro zone industrial production data 12 Jul 2012 | 05:52 pm
Euro rises after a report from Eurostat showed that euro zone Industrial production in the 17 countries sharing the euro rose 0.6 percent in May from April. This beat expectations which were for gro...
Forex News – EURJPY drops to 5-week low after BOJ 12 Jul 2012 | 03:36 pm
Euro tumbled to a five week low against yen on Thursday as safe haven flows increased on uncertainty about the EU’s progress in addressing its debt crisis. Also the Bank of Japan held its monthly poli...
