Yesterday’s downgrade of Greece by Standard and Poor’s ratings agency from B to BB- has put significant pressure on the euro zone’s common currency. The euro was holding near a three-week low versus its primary currency counterpart...
The beginning of the previous trading week saw the strengthening of the US dollar after the official announcement of the liquidation of the terrorist #1 Osama Ben Laden. Market participants were optimistic during the Asian and European...
Wall Street is expected to be largely driven by economic data next week as initial jobless claims emerge as an important barometer of U.S. economic health while corporate results take a back seat. The U.S. Labour Department...
This past week was rough for stock market bulls as commodities and the S&P 500 were hit with selling pressure. The move started with CME’s increases in margin requirement for silver contracts and gave investors a prominent...
EUR/USD Time: 08:00 Rate: 1.4404 Strategy: Short Daily time frame
The German newspaper der Spiegel noted a rumor that was floating around last Friday which said Greece had considered exiting the 17-nation euro zone during one of its recent policy meetings. Though profusely denied by German and...
Last week finished with traders perhaps feeling as if they had been put on a roller coaster and trapped. The USD continued its sudden reversal on the EUR as the Greenback gained value quickly.
The US Dollar appreciated on the event of short covering across the board. It seems that a short-term low has been posted in the dollar index (DX) in the ranges of 72.85; multi year lows of 71.00...
Market Review – 06/05/2011 20:13 GMT Euro tumbles after German magazine reports that Greece may exit eurozone Euro tanked broadly again on Friday in New York midday after German Der Spiegel magazine reported that Greece Government raised...
ECB leaves the rates unchanged. Dramatic drop of the euro.
