Forex Outlook for the Week Ending December 9th, 2011 - December 6, 2011 2:22

Significant economic events that have a major impact on forex and currencies markets for the week ending December 9th are as follows: On Monday December 5th, 2011, United States reported its official data on factory orders while Institute of Supply Management released its report on service sector activity. In euro zone, revised data on service [...]

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 [...]

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 [...]

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 [...]

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 [...]

The US Dollar Advances on Stability in Oil Prices - March 8, 2011 16:15

The US dollar gained on Monday after hitting its lowest in four months against the single currency. However the US stock markets recovered as crude oil prices witnessed some correction after hitting $107 per barrel. The traders were uncertain about the increasing energy prices and future of interest rates. The dollar index DXY which measures [...]