Forex Outlook for the Week Ending September 23rd, 2011 - September 21, 2011 18:56

Major events that have significant affect on Forex trading for the week ending September 23rd, 2011, are as follows:- On Monday September 19th, 2011, industry data on house price inflation was published in United Kingdom. Moreover, Bank of England published its quarterly bulletin. In Japan, markets remained closed in observance of a national holiday on […]

Crude Oil Declines on Wednesday despite decrease in Stockpiles - August 25, 2011 21:53

Crude oil futures declined on Wednesday despite decline in weekly inventories data.  According to latest report of the Energy Information Administration crude oil inventories dropped 2.2 million barrels for the week ended August 19th, 2011 while analyst were hoping oil inventories to gain by 2 million barrels. According to EIA, gasoline inventories surged 1.4 million […]

Weekly Outlook for Forex - August 23, 2011 23:59

Major events that have significant impact on forex market for the week ending August 26th, 2011 are as follows:- On Monday, official data on mortgage delinquencies was reported in United States. Today on Tuesday, Switzerland reported trade balance while in United Kingdom data on mortgage approvals and inflation expectations was published. In euro zone initial […]

Weekly Outlook for Euro - August 23, 2011 23:54

List of major events to affect the trading of euro against the US dollar for the week ended August 26th are as follows:- On Monday, August 22nd, 2011, United States reported its official data on mortgage delinquencies. Today on Tuesday, euro zone released its initial data on manufacturing and services sector activities. France and Germany […]

US Dollar Makes New Low against the Japanese Yen - August 19, 2011 22:51

The US dollar weakened on Friday versus its major counterparts and made its new low against the Japanese Yen. Disappointing US economic indicators made heavy negative impact on stock markets and bond yields and further raised speculation that whether the US Federal Reserve will opt for another round of quantitative easing to boost the economy. […]

US Dollar Gains on Wednesday as France adds to Euro Zone’s Debt Crisis - August 11, 2011 23:58

US dollar gained especially against the euro on Wednesday as France also reaches on verge of sovereign debt default. Most of analysts also foresee credit rating cut for France. Foreign exchange analysts, Jessica Hoversen from MF Global commented, “French banks were the trigger [for the dollar’s gains], but the general theme of concerns over global […]

Weekly Outlook for Forex - August 2, 2011 23:59

Yesterday in euro zone official data on unemployment rate was published while United Kingdom reported its data on country’s manufacturing activity. In United States, Institute of Supply Management reported manufacturing activity index which fell to 50.9 against analysts’ projections of 55. On Tuesday August 2nd, 2011, United States reported its official data on personal consumption […]

Euro Gains on Wednesday over Positive Development on Euro Zone’s Debt Situation - July 21, 2011 17:15

The single currency was stronger on Wednesday as positive hopes prevailed among investors on the euro zone’s debt situation. Traders were optimistic about the summit in Brussels on Thursday where French President Nicolas Sarkozy and German Chancellor Angela Merkel have met to find a solution of Greece’s debt problems. Senior market analyst, Andrew Wilkinson from […]

US Dollar remains Under Pressure as Bernanke Suggest Additional Stimulus Measures - July 14, 2011 21:23

The US dollar declined versus its major counterparts on Wednesday as the US Federal Reserve Chairman Ben Bernanke supported the stance for additional stimulus measures in case of further deterioration in US economy. Bernanke while addressing the House Financial Services Committee commented, “The possibility remains that the recent weakness may prove more persistent than expected […]