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 […]

Weekly Forex Outlook - December 13, 2011 23:46

On Monday, government data on federal budget balance was reported in United States. Japan reported its preliminary data on machine tool orders, household confidence and corporate goods price index. In Switzerland, official data on employment level was released. On Tuesday, December 13th, 2011, official data on retail sales was published in United States while US […]

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 […]

Stock Markets in Europe Jump in Reaction to Easing in Global Money Markets - December 1, 2011 2:16

European stock markets ended on a positive note on Wednesday as the central banks around the world decided to reduce their exposure in money markets. Peoples Bank of China also lowered its bank reserve requirements for the first time in last three years which resulted in the optimism in stock markets in euro region. Further […]

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 Weekly Outlook - November 7, 2011 23:38

Significant economic events around the globe that have affect on forex markets for the week ending November 11th, 2011 are as follows: Today in euro zone, report on investor confidence was released while in Germany, official data on retail sales and industrial production was reported. In United Kingdom, report on house price inflation was published. […]

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 […]

Interest Rate by Hike European Central Bank could Result in Sluggish Growth - April 11, 2011 20:46

The 17 nation shared currency the euro has posted gains in recent trading sessions despite the euro zone’s sovereign debt worries. The main reason behind the appreciation of the euro is the recent interest rate hike by European Central Bank. The central bank has recently increased its key refinancing interest rate from 1 percent to […]

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 […]