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.
U.S. stocks fell sharply on Thursday, extending losses into a fourth day for two of the benchmark indexes, as equities and commodities were hit after a surprise rise in jobless claims. Down for the third session this...
Today, with the release of some inflation data from the United Kingdom as detailed PPI data are due at 08:30 GMT the UK ends its data release this week. However, more concentration will be on US data...
The U.S Dollar got oversold against most of the major pairs resulting in short covering in the USD across the board, seems to be changing in case of the Dollar Index (DXM11) though consistently trading above 74.50...
With today’s Non-Farm Payroll (NFP) figure on the way, traders appear to have lost tremendous optimism about the stability of their portfolios and have temporarily shifted to safety. The US economy has so far benefited from this...
Market Review – 05/05/2011 20:26 GMT Euro tumbles sharply as ECB’s Trichet signals ECB will not raise rates in June The single currency tanked broadly on Thursday after European Central Bank President Jean-Claude Trichet surprised the market...
