Economic Events to Affect the Forex Markets - January 10, 2012 19:54

Major economic events for the week ending January 13th, 2012, which have significant impact on the forex markets are as follows: On Monday, report on investor confidence was reported in the euro zone region along with data on German industrial production. In United States, member of Federal Open Market Committee, Dennis Lockhart is to address […]

Weekly Outlook for Forex Markets - January 3, 2012 23:54

Major economic events to hit the forex markets in the current week and which can affect the trading of major currencies are as follows: On Monday markets in United States, United Kingdom, Japan, Australia, New Zealand and Europe remained closed due to national holidays for the New Year. On Tuesday, January 3rd, 2011, United Kingdom […]

Forex Outlook for the Week Ending December 23rd - December 20, 2011 21:53

Major economic events that could affect the currencies trading for the week ending December 23rd, 2011 are as follows: On Monday December 19th, 2011, United Kingdom reported its industry data on house price inflation while Bank of England published its quarterly bulletin. Official data on current account was released in euro zone. Moreover, European Central […]

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 […]

US Dollar Remains under Pressure on Successful Spanish and French Bond Auctions - December 2, 2011 23:54

The US dollar remained under pressure on Thursday despite bearish sentiments in US stock markets. The euro strengthened in reaction to the successful bond auctions of Spanish and French governments. On Thursday, Spanish government sold 3.75 billion euros of government bonds equivalent $5 billion. The Spanish bonds did saw increased in their yields but the […]

Weekly Outlook for Forex - November 29, 2011 23:54

On Monday, November 28th, 2011, United States reported its official data on new home sales while in euro zone, Germany published its preliminary data on consumer price inflation along with report on consumer climate. In United Kingdom, industry data on retail sales was released. New Zealand reported its data on business confidence on Monday. Today […]

Forex Outlook for the Week Ending November 25th - November 22, 2011 23:19

On Monday, United Kingdom reported its data on house price inflation while United States released its industry figure on existing home sales. In euro zone, official report on region’s current account was published. The Bank of Japan released minutes of is policy meeting held in November along with data on Japan’s trade balance. In Canada, […]

Single Currency recovers as Euro Bonds Stabilize - November 18, 2011 23:49

The euro recovered on Thursday as the investors were optimistic on stabilization of euro bond yields. The yield on the Italian 10-year government bond fell back to 6.81 percent from 7 percent in reaction to which the euro touched its intraday high of 1.3540. However, the Spanish government‘s 10-year bond still traded above the yield […]

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 […]