Currency Articles
Currency Articles - October 27, 2011 23:32
Euro Declines as European Leaders Remain Uncertain on Figure of Bailout Funds
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
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
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
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
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
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 […]
Forex Outlook for the Week Ending September 23rd, 2011
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
Crude oil futures declined on Wednesday despite decline in weekly inventories data. Â 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
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
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 […]
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