ECB President Mario Draghi took his team of traveling bankers to Ljubljana, Slovenia, population about 272K, and about 801km. away from Frankfurt. Despite the new venue, it does not appear the bankers have any different policies that...
The Dollar Index (DX) started depreciating again after couple of days of consolidation on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (DJIA) trading strong.
USD/JPY had another bullish session on Thursday as the US dollar managed to eke out some gains against the Japanese yen. The general attitude of the session was “risk on”, and as such this pair rose.
The USD/CAD currency pair fell after initially trying to rally during the Thursday session. The market made all the way towards the 0.99 handle and then was pressed downward by the sellers.
The GBP/USD pair initially fell during the session on Thursday, but found a ton of support at the 1.61 level. By the end of the day, we had a form a green candle, and even the test...
The EUR/USD pair rose during the session after Mario Monti reminded the world on Thursday that ECB was there to lift asset prices with various quantitative easing schemes. Ultimately, we did manage to break above the 1.30...
The AUD/USD pair fell during the session again on Thursday, but bounced quite significantly from the 1.02 level. This level should end up being quite supportive as we have seen time and time again that buyers will...
It was late July when Draghi said he would do “whatever it takes” to preserve the euro. This included bond buying from those countries that requested help. Today, Thursday October 4, the ECB holds another meeting, this time...
Tracking the EUR/USD pair Date: 03.10.2012 Time: 17:24 Rate: 1.2905 Daily chart Last Review
The British pound is deemed to sustain its losses opposite the US dollar as the Bank of England convenes for its monthly policy meeting today. Although the central bank is widely expected to hold off on any...
