Weekly Outlook for Forex - July 5, 2011 23:29

Important economic events which could have significant affect on the trading of different currencies for the week ending July 8th, 2011 are as follows:- On Monday markets in United States remained closed due to observance of the US Independence Day. In Australia data on building approvals, retail sales and change in numbers of jobs advertised […]

Euro reaches its Highest in 2 weeks a Greece gets ready for First Round of Bailout Package - June 30, 2011 20:09

The euro touched it’s highest versus the greenback in last 2 weeks on positive development for Greece’s debt situation. The Greek parliament has approved the bailout package of 78 billion euros equivalent to $112.2 billion for its austerity measures. The single currency gained to 1.4431 against the US dollar on Wednesday as compared to 1.4366 […]

Weekly Outlook: Currencies - June 20, 2011 19:26

List of major events that could affect the forex markets for the week ended June 24th, 2011 are as follows:- Today report on house price inflation is to be published in United Kingdom while in euro zone finance ministers have met in Brussels to decide on the new aid package for Greece. Germany also reported […]

The US Dollar Declines on Tuesday on Remarks of Bernanke - June 8, 2011 14:08

The dollar remained under pressure on Tuesday after the public address of Federal Reserve’s Chairman Ben Bernanke. The dollar index DXY which measures the US dollar’s performance against its six major rival currencies declined to 73.528 on Tuesday as compared to 73.981 on Monday’s North American trading session. Bernanke admitted that the economy is sluggish […]

European Major Currencies Fall Against The Stronger Dollar - May 23, 2011 14:36

European currencies were under pressure Monday 23rd May against the US Dollar as the greenback looked set to turnaround the decline it made into the close of last week. With the Euro and British Pound trading down over 100 cent and pence respectively by time the US session got underway. With the single European currency […]

The Euro Strengthens against the US dollar on Wednesday’s Overnight Trading Session - April 6, 2011 19:05

The Euro gained in Wednesday’s overnight trading session as the investors were hoping for an interest rate hike by European Central Bank. The US dollar exchange rate remained under pressure in reaction however reached its six month highest against the Japanese currency. The dollar index DXY which measures the US dollar movement against its major […]

Dollar surges to start the week - March 29, 2011 14:45

The US dollar is much stronger to start the trading week as Americans are becoming more optimistic about the economy and speculators are watching inventory levels on crude oil and other commodities. The dollar is significantly higher against major currency counterparts in early Tuesday (March 29) morning New York currency trading. One euro currently nets […]

Euro Steadier on Expectations of Higher Interest Rates - March 28, 2011 16:01

The US dollar slightly gained against its major rival currencies in Monday’s overnight trading session as the single currency traded with much steadier pattern on expectation of higher interest rates. The euro slightly declined to 1.4047 against the greenback as compared to 1.4068 on Friday’s North American trading session. The euro was under pressure due […]

US Dollar Strengthens against the Single Currency over Portugal’s Debt Crisis - March 25, 2011 17:08

The greenback strengthened against the euro on Friday as the investors were uncertain about the debt situation in euro zone. The news of reduced credit rating for Portugal by Standard and Poor weakened the single currency. Standard and Poor cut down its credit rating to BBB from A minus for Portugal which has made Portuguese […]