Posts Tagged ‘FX’
Currency Articles - January 6, 2011 18:57
The Euro has come under pressure in the last few days as fears mount over sovereign debt contagion. The Euro has fallen against most of the worldâ€™s most actively traded currencies with the key EUR/USD pair making new lows at 1.3170 and GBP/EUR testing the 1.19 mark towards the end of the UK session today.
The US Economic recovery seems to be gathering momentum moving into 2011 as service sector expansion reaches the fastest pace since May 2006.
The federal reserve are adamant , that despite recent economic indicators pointing towards a strengthening US economy, the stimulus package designed to keep the recovery underway is still necessary moving forward into 2011. Policy makers have indicated that recent signs of economic strength will not deter them from pumping more money into the financial system […]
UK Inflation data released this morning has shown that the headline inflation rate has accelerated to 3.3% in the month of November. Policy makers will undoubtedly take note as price pressure concerns mount in the markets.
The FX markets have trade relatively sideways today on mixed sentiment. It seems that the market is unsure of what is to come. The GBP/EUR pair still looks like a another test at 1.20 could be on the cards despite the ECB’s persistent efforts to back up their currency and keep it strong. The ECB’s […]
The Euro has struggled in trade today, the small retracement in the EUR/USD pair is likely to be short-lived as market participants speculate that Portugal and Spain will share Irelandâ€™s ill fate moving forward into next year. A spokesman for the EU Commission has said today that Irelandâ€™s plan to reduce its budget deficit for […]
The S&P 500 has risen to the highest level since September 2008 today. This happened after President Barack Obama agreed to extend tax cuts, Copper and Gold rose to record highs as a result of this news.
Bernanke the chairman of the federal reserve has said today that the US might need to extend bond purchases past the the $600 billion announced last month to spur on economic growth. The argument for this extension is based upon fears that the US economy is expanding at a bairly sustainable pace and ongoing fears […]