US Dollar Recovers Versus its Rivals on Greece’s Debt Crisis - November 3, 2011 23:46

The US dollar gained versus its major rival currencies on Wednesday on dependence of Greece’s bailout package on the referendum announced by Greek officials. Strategist, Sue Trinh from RBC Capital Markets commented, “Headline risk remains acute as German Chancellor [Angela] Merkel and French President [Nicolas] Sarkozy speak with the Greek government, the International Monetary Fund […]

Euro Declines as European Leaders Remain Uncertain on Figure of Bailout Funds - October 27, 2011 23:32

The US dollar gained versus the single currency on Wednesday as the European Union leaders still failed to deliver any dollar figure for the recapitalization funds of the banks. The euro fell to 1.3911 against the US dollar on Wednesday as compared to 1.3921 on Tuesday’s North American trading session. The dollar index DXY which […]

Weekly Forex Outlook - October 25, 2011 23:57

Major economic events to affect the Forex Markets for the week ending October 28th, 2011 are as follows: On Monday October 24th, 2011, in euro zone reported its data on manufacturing and services sectors activity along with report on industrial new order. Germany and France reported their separate reports on activity in manufacturing and services […]

Forex: Weekly Outlook - October 18, 2011 23:57

List of major economic event that have significant affect on Forex market for the week ending October 21st, 2011 are as follows: On Monday, October 17th, 2011, United States, reported its official data on industrial production and capacity utilization rate. Moreover, report on manufacturing activity in New York State was also published. In United Kingdom […]

The Single Currency Fell on Tuesday as Slovak Parliament Rejected the Proposal for Bailout Fund - October 12, 2011 21:05

The single currency declined by the end of US session on Tuesday after a volatile day. Investors were uncertain for the euro after the Slovak parliament rejected the plan for extension of bailout funds of 440 billion euro equivalent to $600 billion. The rejection of the bailout program came in reaction to a no confidence […]

Weekly Outlook for Forex - October 11, 2011 23:24

Major economic events that have significant affect on Forex markets for the week ending October 14th, 2011 are as follows: On Monday, October 10th, debt markets in Untied States remained closed in observance of the Columbus Day while stock markets remained opened as usual. Markets in Canada also remained closed due to Thanksgiving holiday. In […]

Weekly Outlook for Forex - September 27, 2011 23:56

List of major events that have significant affect on Forex market for the week ending September 30th, 2011 are as follows:- Yesterday on Monday, Ifo Institute of Economic Research released its report on German business sentiment in euro zone. New Zealand reported its data on its trade balance while in United States, official data on […]