Euro Turns Bearish Ahead of ECB Press Conference

by | February 7, 2013 8:55 am
Concerns about what the European Central Bank (ECB) would discuss at today’s press conference with regards to the EU economic recovery, resulted in the euro turning bearish throughout most of yesterday’s trading session.

Euro Recovers Following Spanish Data

by | February 6, 2013 9:00 am
The euro was able to stage an upward correction against most of its main currency rivals yesterday, following the release of a better than expected Spanish Services PMI which renewed confidence in the strength of the euro-zone...

Euro Takes Losses Ahead of ECB Meeting Later This Week

by | February 5, 2013 8:04 am
The euro reversed some of its recent gains throughout yesterday’s trading session, as investors eagerly await the outcome of a European Central Bank (ECB) meeting later this week. Additionally, a report indicating an increase in Spanish unemployment...

EUR/USD Hits 14-Month High Following Non-Farms Report

by | February 4, 2013 7:13 am
The US dollar fell to a fresh 14-month low against the euro on Friday, following a disappointing Non-Farm Payrolls figure which reaffirmed speculations that the Fed will leave in place record low interest rates for the foreseeable...

All Eyes on US Employment Data Today

by | February 1, 2013 7:12 am
The euro saw a temporary downward correction during morning trading yesterday, following a worse than expected German retail sales figure that caused investors to shift their funds to safe-haven assets.

Concerns Regarding US Economy Leads to Losses for USD

by | January 31, 2013 7:22 am
The US dollar took losses against several of its main currency rivals yesterday, amid concerns regarding the US economic recovery, highlighted by a worse than expected Advance GDP figure.

US Economic Data Set to Generate Volatility Today

by | January 30, 2013 8:50 am
The US dollar took losses against virtually all of its main currency rivals yesterday, following a disappointing consumer sentiment indicator that generated concerns regarding the pace of the US economic recovery.

US Consumer Confidence Figure may lead to Risk Taking Today

by | January 29, 2013 8:25 am
Increased confidence in the euro-zone economic recovery, largely due to a strengthened banking sector, helped keep the euro within reach of its recent 11-month high against the US dollar yesterday.

Euro Bullish Ahead of Busy Trading Week

by | January 28, 2013 7:50 am
The euro saw substantial bullish movement on Friday, amid signs that the euro-zone economic recovery is gaining momentum. Meanwhile, speculations that the Bank of Japan will take additional monetary easing steps in the near future caused the...

EU, US News Set to Impact Markets Today

by | January 25, 2013 6:40 am
Better than forecasted German manufacturing data led to modest gains for higher-yielding assets during European trading yesterday. That being said, a record high Spanish unemployment rate limited bullish movement for currencies and commodities like the euro and...