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 […]

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 […]

US Dollar Makes New Low against the Japanese Yen - August 19, 2011 22:51

The US dollar weakened on Friday versus its major counterparts and made its new low against the Japanese Yen. Disappointing US economic indicators made heavy negative impact on stock markets and bond yields and further raised speculation that whether the US Federal Reserve will opt for another round of quantitative easing to boost the economy. […]

US Dollar Gains on Wednesday as France adds to Euro Zone’s Debt Crisis - August 11, 2011 23:58

US dollar gained especially against the euro on Wednesday as France also reaches on verge of sovereign debt default. Most of analysts also foresee credit rating cut for France. Foreign exchange analysts, Jessica Hoversen from MF Global commented, “French banks were the trigger [for the dollar’s gains], but the general theme of concerns over global […]

Euro Gains on Wednesday over Positive Development on Euro Zone’s Debt Situation - July 21, 2011 17:15

The single currency was stronger on Wednesday as positive hopes prevailed among investors on the euro zone’s debt situation. Traders were optimistic about the summit in Brussels on Thursday where French President Nicolas Sarkozy and German Chancellor Angela Merkel have met to find a solution of Greece’s debt problems. Senior market analyst, Andrew Wilkinson from […]

US Dollar remains Under Pressure as Bernanke Suggest Additional Stimulus Measures - July 14, 2011 21:23

The US dollar declined versus its major counterparts on Wednesday as the US Federal Reserve Chairman Ben Bernanke supported the stance for additional stimulus measures in case of further deterioration in US economy. Bernanke while addressing the House Financial Services Committee commented, “The possibility remains that the recent weakness may prove more persistent than expected […]

US dollar remains mixed on Friday on Latest Jobs Data - July 8, 2011 23:27

The US dollar declined versus its major counterparts except the euro on Friday. The negative sentiment prevailed on latest US payrolls report which disappointed the traders. On the other hand the single currency also remained under pressure on Italy’s debt crisis. Chief currency strategist, Dean Popplewell from Oanda Corporation commented, “It’s difficult to want to […]

Weekly Outlook for Forex - July 5, 2011 23:29

Important economic events which could have significant affect on the trading of different currencies for the week ending July 8th, 2011 are as follows:- On Monday markets in United States remained closed due to observance of the US Independence Day. In Australia data on building approvals, retail sales and change in numbers of jobs advertised […]