2010-07-30: EUR/USD Still Hovering Around 3-Month HighAfter hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance GDP figure, which is forecasted to show [...] [...more]
2010-07-30: EUR/USD Still Hovering Around 3-Month HighAfter hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance GDP figure, which is forecasted to show [...] [...more]
2010-07-29: Disappointing U.S. Macro Data Hit Markets Yesterday Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away from riskier assets. At first U.S. Durable Goods came negative at -1%, at 12:30GMT later at 18:00GMT Beige book revealed a gloomy outlook for [...] [...more]
2010-07-29: Disappointing U.S. Macro Data Hit Markets Yesterday Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away from riskier assets. At first U.S. Durable Goods came negative at -1%, at 12:30GMT later at 18:00GMT Beige book revealed a gloomy outlook for [...] [...more]
2010-07-28: Dollar Recovers after Consumer Confidence Report The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors’ appetite for risky assets. USDThe U.S Dollar advanced against most of its [...] [...more]
2010-07-28: Dollar Recovers after Consumer Confidence Report The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors’ appetite for risky assets. EUR/USDYesterday the pair pushed to its highest level [...] [...more]
2010-07-27: Risk Appetite Rises Boosting Riskier CurrenciesThe EUR once again reached above $1.30 on Monday after better than expected economic data from the US, and an advance in global equities, boosted demand for riskier assets. Gold continues to decline as market concerns ease and people turn away from safe-haven assets. USDThe US dollar declined against [...] [...more]
2010-07-27: Risk Appetite Rises Boosting Riskier CurrenciesThe EUR once again reached above $1.30 on Monday after better than expected economic data from the US, and an advance in global equities, boosted demand for riskier assets. Gold continues to decline as market concerns ease and people turn away from safe-haven assets. EUR/USDThe price has broken out [...] [...more]
2010-07-26: Bank Stress Tests Fail Support the Euro Due To Questionable ReliabilityAfter a long time waiting, the Euro-Zone’s famous Bank Stress Tests results were finally published on Friday evening. The results failed to reassure investors regarding the stability of the European banking system as analysts claimed that the test weren’t strict enough. As this week [...] [...more]
2010-07-26: Bank Stress Tests Fail Support the Euro Due To Questionable ReliabilityAfter a long time waiting, the Euro-Zone’s famous Bank Stress Tests results were finally published on Friday evening. The results failed to reassure investors regarding the stability of the European banking system as analysts claimed that the test weren’t strict enough. As this week [...] [...more]
