The world’s central banks have bought euro zone leaders additional time to come to a political solution after 6 central banks offered increased sources of liquidity. This sparked a rally in equities and the EUR while the...
The USD/JPY pair fell on Wednesday as the central banks of the world have struck a coordinated play on driving the cost of borrowing Dollars down for some of the larger banks.
The USD/CAD pair fell apart during the session as the central banks of the major economies around the world have agreed to cut the cost of swapping Dollars in order to fund banks.
USD/CHF fell during the session on Wednesday as traders dumped the US Dollar around the markets. The pair fell fairly close to the 0.9000 level, and then found buyers stepping into the market.
The AUD/USD shot straight up during the session as the “risk on” trade came back into the fold as the central banks of the world have coordinated to make the borrowing of Dollars cheaper for the banks...
EUR/USD shot straight up during the session as the major central banks around the world have agreed to reduce the costs of swapping Dollars between the banks, and can help alleviate the possibility of another Lehman Brothers...
GBP/USD shot straight up on Wednesday as traders reacted to the major central banks of the world working on lower Dollar swap costs. Essentially, this can help alleviate the potential of European banks being frozen out of...
Expectations for the meeting of the EC Ministers of Finances pushed euro up.
Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable.
The Dollar Index is trading at the previous resistance zone of 79.50 from where it sold off to 74.50 ranges during October. Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
