EUR/USD Falls to 1.3260 During Trading Session

Friday, April 30, 2010

The two currencies that seemed to be enjoying a field day right across the board of currencies are the yen and the dollar. Both these currencies seemed to rise against several major currencies while on the other and the stocks in the market fell down sharply and the treasury yields seem to have risen sharply [...]

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The Spanish Downgrade Causes a Stir in The GBP/USD

Thursday, April 29, 2010

The trading pair of the GBP/USD in Wednesdays trading market found a bit of resistance that helped it climb up to go beyond the level of 1.5210. The trading pair had shown in the past few days that it couldn’t manage to keep to a level and continued on a daily slide to get to [...]

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Dollar Stumbles Against its Rivals After New Greek Aid is Reported

Thursday, April 29, 2010

During Wednesday’s trade the US dollar seemed to fall against several of the major currencies. This was a huge contribution of the euro zone nations report on the IMF who were all ready to give Greece an aid package to clear its debts; however the aid that will be given to them is expected to [...]

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Greece Aid Causes Turmoil in Euro vs USD trading

Wednesday, April 28, 2010

During Wednesday’s trading session, the euro seem to have hit its one year low trading mark, and this came about since investors were not to happy about what was happening on the Greece debt crisis, and fretted that it could spread after the credit ratings of Portugal as well as Greece was downgraded.
The euro fell [...]

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US Dollar Gains Against Major Currencies

Wednesday, April 28, 2010

During Tuesdays trading at the forex market the US dollar seemed to be rising against most of the other major currencies and this was after the Federal Reserve chairman Ben Bernanke had given a warning about the failure of the cut that the federal budget deficit would put the US economic recovery that was at [...]

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AUD Falls To 2 Day Low against USD

Tuesday, April 27, 2010

The Australian dollar had stooped from its earlier level against the US dollar its counterpart in Tuesdays trading, and this was considered to be the 2nd day low largely because of the commodity prices that fell and that was even ahead of the key consumer sentiment data that the US had released.
The trading pair of [...]

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US Consumer Confidence Data Brings About Parity in EUR/USD

Tuesday, April 27, 2010

The euro had pared some of it losses in today’s trade market against the US dollar, it managed to move back to above the much wanted level of 1.33 mark and this was after a report was released showing that the consumer confidence in the US had increased to a higher percentage than what was [...]

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US Home Data Released On Thursday Shows Improvement

Monday, April 26, 2010

The industry data that was released on Thursday by the US showed that the U.S homes grew even faster than what was expected of it in March.
According to the report that was released by the National Association of Realtors who also mentioned that the number of sales had increased b y6.8% and this was a [...]

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Greece Need Strict Measures Apart From Relief Fund

Monday, April 26, 2010

Greece’s failing economy has the IMF stepping in apart from the help that will receive from the Euro zone as well. According to Lagarde who says, “Great strictness” will come about with the aid given to Greece. The French minister also mentioned that Greece had not honored its commitments.
If the euro zone wants to [...]

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USD/CAD Closes at 0.9988 on Friday

Monday, April 26, 2010

The CAD above the USD equality this took place during last weeks trading where it hit a 22 month high, and this was amongst the increasing commodity price rises along with the speculation that Canada’s central bank would increase the interest rates
The trading pair of the USD/CAD had reached a level of 0.993 during [...]

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