The Eurogroup officials said on Monday that Spain does not need a bailout as of the moment, adding to uncertainties as to when the debt-stricken country would ask for financial aid.
The US Dollar traded depreciated across the board on the event of profit taking witnessed in most of the asset classes, especially in the benchmark equity index of the Dow Jones Industrials (DJIA).
Market review for 08.10.12: Although, many markets were closed today, there were some movers and actions. Asian and European trading sessions:
The European leaders finally unlocked the 500 Billion Euro-bailout fund, the European Stability Mechanism, amid increasing concerns over Greece, and uncertainties over Spain’s bailout request. With the launch of the ESM, Fitch Ratings Agency gave a triple-A...
Higher-yielding assets took moderate losses to start off the week yesterday, as investor fears regarding the pace of the global economic recovery outweighed positive US employment data from last Friday.
The EUR/USD pair fell during the session on Monday as the 1.30 level proved to be too rich for the currency pair. However, we do have an uptrend line just below, and it should continue to support...
The USD/JPY pair fell during most of the session on Monday, but bounced off of the 78 handle before was all said and done. Monday would’ve had low-volume in the United States during the Columbus Day celebrations,...
The GBP/USD currency pair had a horrible day on Monday as the market closed down towards the bottom of the range. However, we do see the 1.60 level just below as being very supportive. In fact, the...
The AUD/USD pair rose during the session on Monday in an attempt to get back above the 1.02 level. Interestingly enough however, we did fail at that level and form something that looks I can do a...
The USD/CAD pair fell a bit during the session on Monday as the 0.98 continues to be the focus of all things in this market. The oil markets went back and forth between wins and losses, and...
