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 […]

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 […]

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 […]

Euro Gains in Hopes for Quick Implementation of Economic Reforms in Italy - November 11, 2011 22:54

The single currency gained on Thursday as investors were optimistic and hoped for quick implementation of economic reforms in Italy and Greece. Director of Currency research, Kathy Lien from GFT commented, “The main question is how quickly will we see additional action from European policy makers, Even though the euro-dollar has rallied, doing nothing is […]

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 […]

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 […]

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 […]

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 […]

Euro Zone’s Services PMI declines for the Month of February - March 3, 2011 20:06

According to the latest market research report released on Thursday by Markit the business activity in services sector declined for the month of February. The euro zone’s services business activity index dropped to 56.8 for the month of February as compared to last month figure of 57.2. Analysts on wide were also expecting that the […]