Today’s existing home sales figures out of the United States will likely provide less help for the USD from yesterday’s downtick versus the euro, but risk aversion appears to be moving back in favor with the greenback...
U.S Dollar resumes bear trend on the event of key equity index (.DJIA) stabilizing at 12100 ranges. The Common Currency appreciated by more than 120 pips; the Cable appreciated by more than 60 pips; and the Aussie...
Wall Street closed in green territory Tuesday after better-than-forecast earnings from Dow component Johnson & Johnson and ahead of reports from blue-chip technology giants Intel Corp. The Dow Jones Industrial Average ended up 65.16 points to 12,266.75.
Swift and volatile trading has been seen in all the benchmark currencies the past two days. The EUR/USD has turned in a wide range as a both Europe and the United States have been dealt hard punches...
Market Review – 19/04/2011 20:02 GMT Euro rebounds on short-covering even sovereign debt fears remain Euro staged a short-covering rebound on Tuesday even fears over a possible Greek debt restructuring still lingered on. The single currency moved relatively...
The USD/CAD pair dropped heavily on Tuesday after official data from Canada showed that inflationary pressures mounted in March, where headline and core CPI rose well above expectations, which ignited speculations that the Bank of Canada will...
The market sentiment took a turn to positive on Tuesday and with it the EUR/USD turned higher. The euro was bolstered by the quickening expansion in the German and euro area manufacturing sector, offsetting the decline in...
The main highlight today will be on BoE minutes for April’s rate decision which included no change in monetary policy as policy makers opted to leave both interest rate and APF steady at 0.50% and 200 billion...
Amid the absence of data from the Swiss economy, the pair’s movements will probably depend on the US data due today. As of 14:00 GMT, the US will release existing home sales for the month of March,...
The USD/JPY pair dropped heavily since the beginning of the week, as equities strong slide and risk averse dominated the market. The Japanese currency was bolstered against major currencies on haven demand amid rising uncertainty and fear...
