An extremely quiet week lies behind us in terms of UK economic releases and the only major political development really was opposition leader Ed Miliband’s rather desperate attempt at his party’s annual conference to a) overcome his personality deficit, b) create a brand for himself and c) revive a moribund Read More Interesting Week ahead [...]
Posted in FX News | Tagged ahead, and, focus, in, interesting, mpc, pmi, uk, week |
The main news today again comes out of the euro zone, this time the approval of the expansion of the euro area rescue fund ? the EFSF ? by the German Bundestag, or the lower house of Parliament. The vote passed with 523 yes votes and 85 against, no 15 of Read More Germany Passes [...]
Posted in FX News | Tagged big, changes, drop, efsf, euro, germany, in, passes, shows, strengthens, unemployed |
The final estimate of annualized U.S. second-quarter 2011 GDP growth was revised back up to 1.3% from 1.0% in the second estimate and equal to the 1.3% first estimate. The upward revision in the third estimate was slightly larger than market expectations for an upward revision to 1.2%. As well, Read More US SecondQuarter 2011 [...]
Posted in FX News | Tagged 2011, claims, fall, gdp, growth, higher, in, initial, latest, revised, secondquarter, the, us, week |
The Euro is zooming zanily back and forth as the headlines support, while the music in the background is still churning along in a minor key. Today’s squeeze partially deflated in the wake of the German parliament’s enthusiastic EFSF ?Ja!? Another squeeze developed today in EURUSD ahead of the German parliamentary Read More Market Finding [...]
Posted in FX News | Tagged a, bead, draw, euro, finding, it, market, on, the, to, tough |
Data from the US today was supportive in that jobless claims fell by more than expected and 2nd quarter GDP was revised higher in its final version than expected. The data helped S&P500 futures to climb to an intra-day high, along with oil. That means it should be taken as a Read More 3 Takeaways [...]
Posted in FX News | Tagged 3, claims, from, gdp, home, pending, releases, sales, takeaways, todays, us |
The euro is finding support on the assumption that the sovereign debt crisis will be contained. Many forex traders seem to think that European leaders are serious about finding a solution to the debt crisis, and that it will be contained.(…)Read the rest of Euro Finds Support on Assumption that Sovereign Debt Crisis will be Contained (93 words) Posted on Forex News. Read More [...]
Posted in FX News | Tagged assumption, be, contained, crisis, debt, euro, finds, on, sovereign, support, that, will |
The euro is rising for the fourth day in a row on the Forex market today, following the successful pass of the anti-crisis vote in Greece, “stability bonds” talks in eurozone and a possible revival of the corporate bond market in Europe.(…)Read the rest of Euro Continues Its 4-Day Rally on New Prospects for Stability (173 words) Posted on Forex News. Read More Euro Continues Its 4Day Rally on New Prospects for [...]
Posted in FX News | Tagged 4day, continues, euro, for, its, new, on, prospects, rally, stability |
Earlier today, the UK pound was falling in Forex trading. A drop by the FTSE 100, as well as concerns about bank capitalization, were among the factors causing losses for the sterling. Now, though, things have turned around a bit — at least against some currencies. Concerns about the eurozone had been weighing on the sterling against the US dollar, but new prospects for stability in the euro region are helping the situation.(…)Read the rest [...]
Posted in FX News | Tagged forex, in, mixed, pound, trading, uk |
