Market Review – 07/07/2011 20:03 GMT Euro rallies broadly as ECB suspends collateral rules for Portugal The single currency rose strongly on Thursday across the board after European Central Bank President Jean-Claude Trichet said the central bank...
Moody’s downgraded the Portugal credit rating.
07/07/2011 14:32 UTC EUR swings higher as it strengthens against the USD, GBP, JPY, CHF and CAD. Recent mid-term strength indicator reading for EUR is 4 out of 8, thus suggesting that the current swing may be...
07/07/2011 12:54 UTC NZD swings higher as it strengthens against the USD, JPY, EUR, GBP and CHF. Recent mid-term strength indicator reading for NZD is 8 out of 8, thus suggesting that the current swing may be...
07/07/2011 11:48 UTC CAD swings higher as it strengthens against the USD, JPY, CHF, EUR and GBP. Recent mid-term strength indicator reading for CAD is 7 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis July 07, 2011 Dollar Index Pares Losses As Liquidity Returns The dollar index had a bullish up day yesterday following 6 consecutive bearish candles. This bullish candle formed as liquidity returned to the market...
07/07/2011 09:46 UTC CHF swings lower as it weakens against the USD, JPY, AUD, CAD and NZD. Recent mid-term strength indicator reading for CHF is 6 out of 8, thus suggesting that the current swing may be...
Shares closed higher Wednesday on low volume as Wall Street looked beyond a weak reading on the U.S. services sector and overseas debt issues and interest-rate hikes. The market seems to be bouncing in an upward direction...
With interest rate decisions on tap today, many investors appear weary of taking on risk. Should the ECB lift rates today, as is expected, there is potential for the EUR to see a sharp downturn as investors...
So here we sit on the cusp of yet another likely interest rate hike from the ECB. Is this an interest rate hike to slow down out of control growth or inflation? No. It is in the...
