Daily Forex Analysis by Finexo.com 29/06/2010
The Euro remained under heavy selling pressure as renewed concerns Euro Zone’s stability continued to weigh on the European currency, pulling it down against its major currency counterparts.
Author: Finexo.com
Daily Forex Analysis by Finexo.com 28/06/2010
Compared with last week’s action-packed schedule, which included unexpected news of the Chinese Yuan’s move to flexibility, a dramatic UK Budget Release, and a rather dovish U.S Fed Statement, this week has started off on a relatively...
Daily Forex Analysis by Finexo.com 24/06/2010
EUR/USD The Dollar fell for a second day in a row against the Euro after the Federal Reserve re-stated its pledge to hold the benchmark interest rate near zero for an “extensive period”.
Daily Forex Analysis by Finexo.com 23/06/2010
The U.S. Dollar and the Japanese Yen gained ground yesterday while Euro and other higher-yielding currencies remained on the defensive as it appears that the recent risk rally has run its course and the excitement from China’s...
Daily Forex Analysis by Finexo.com 22/06/2010
EUR/USD The Euro rose briefly against the Dollar on Tuesday, after China lowered the Dollar/Yuan reference rate. However the Euro’s rally was short lived as the Yuan fell on apparent Dollar-buying from Chinese banks.The euro dipped 0.1...
Daily Forex Analysis by Finexo.com 21/06/2010
The Euro rose to a four week high against the USD and the Australian Dollar jumped more than 1% this morning, as news flooded the market that China would give the Yuan more flexibility. Beijing announcement to...
Daily Forex Analysis by Finexo.com 17/06/2010
Today is expected to be a very busy say, as many key numbers and events are scheduled to be released. The Swiss central bank is expected to keep its benchmark interest at 0.25%; however, SNB rhetoric on...
Daily Forex Analysis by Finexo.com 16/06/2010
EUR/USD After faltering slightly, following news of Moody’s downgrade of Greece’s debt to junk status, the Euro resumed its rally against the Greenback. The pair hit a two week above the 1.23 mark yesterday, as solid European...
Daily Forex Analysis by Finexo.com 14/06/2010
USD The Dollar rose against both the Euro and the Yen on Friday as better than expected data showed that consumer confidence rose in June to its highest level in more than two years. Moreover, Forex traders...
Daily Forex Analysis by Finexo.com 31/05/2010
EURThe Euro fell sharply on Friday as Fitch Ratings slashed Spain’s long term credit rating, fueling concerns about Europe’s sovereign debt crisis. Fitch downgraded Spain’s debt rating to AA+, stating that the country will not recover as...