Tag: EUR/USD
Euro Nosedives After ECB Report
The euro took a nosedive against all major currencies yesterday after a report revealed that the ECB is considering the option of negative interest...
Promise of Convertible Yuan Drags Dollar Down
The dollar fell against the euro yesterday, after the Chinese central bank stated that it would phase out its policy of regular intervention in...
Dow at 16,000, ECB fixing their closet and everything across the...
Yes, the Dow Jones Industrial Average is closing in on the historical 16,000 level. There is actually a strong sentiment in Wall Street that...
Yellen’s Dovish Comments Stall Dollar Rally
The dollar weakened against the euro in late trading yesterday after Janet Yellen - who is widely tipped to take over from Ben Bernanke...
An Investor’s Window: Foreign Exchange
Investors would love to see if their hard-earned money reap their well-earned rewards after a hard day’s work. That’s a given. Also, it is...
Investors Trim Bearish Positions on Euro After Heavy Selloff
The recent moderate gains made by the euro were sustained in overnight trading, with traders trimming their bearish positions on the EUR/USD pairing after...
Eurodollar plunges in early trading, Aussie unmoved by Chinese data
After the nonfarm payroll report on Friday, which prompted a selloff in the AUD/USD, the currency pair dropped to a one month low of...
Unexpected ECB Rate Cut Sends EUR/USD Plunging
A dramatic cut in interest rates, announced by the European Central Bank yesterday afternoon, sent the euro into freefall. The central bank has brought...
Is the Euro Too Strong?
The euro dropped off a two-year high against the dollar this morning after a survey showing that business morale in Germany was unexpectedly down...
Upbeat Chinese data boosts EUR, AUD
The euro hit a two-year high against the dollar this morning, and is now holding steady after recovering from a sell-off. The dip was...
Euro rebounds after Berlusconi backs down, USD under pressure
Today, Italian Prime Minister Enrico Letta faces a vote of confidence to keep his beleaguered coalition government in power just seven months after the...
German Consumer Confidence Data Boosts EUR
The EUR/USD currency pair breached the resistance level 1.3500 this morning after the release of some encouraging sentiment data from Germany, but concerns about...
Euro Falls on Disappointing Ifo Survey Results
The euro fell this morning after a key German business sentiment survey for September fell short of expectations, following on from Monday's news that...
German Coalition Uncertainty Causes Euro to Dip
The euro dipped slightly this morning in the wake of continued uncertainty over Angela Merkel's future coalition partners. Merkel's CDU party scored a resounding...
Strong US Nonfarm Payroll Data Makes Septaper Inevitable
The US Nonfarm Payroll data has just been released, showing that 180,000 jobs have been added in the last month. This data, in combination...
Bernanke’s Tapering Timeline Broadly Approved, Dollar Surges
Yesterday at 18:00 GMT, the US Federal Reserve revealed the minutes of the recent FOMC policy meeting, which showed broad support among policymakers for...
Market Braced for Key Fed Events This Week
With no major economic releases today, and very few planned for the week, all eyes are on the July FOMC meeting minutes on Wednesday...
Encouraging Economic Data From Europe Sends EUR/USD Haywire
The key economic data in Europe this morning concerned the Eurozone, and it makes for encouraging reading. In Q2 2013, the German economy grew...
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