Japanese yen is heading higher today as concerns about Greece once again take center stage. While Greek Prime Minister Lucas Papademos insisted that some progress was made over the weekend, he also pointed out that there are still some conditions left. The unresolved situation is adding to the uncertainty that is prompting risk aversion today. (…)Read the rest of Japanese [...]
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Equities and commodities were higher in the Thursday trading session as we continue to have the spillover effects and positive risk sentiment from the Fed’s decision yesterday to keep interest rates steady for longer. In regards to the US economy we had three key releases today, showing manufacturing orders coming in Read More US Durable [...]
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Crude oil and gold are under pressure as Eurozone debt crisis fears stock risk aversion and boost the Dollar. S&P 500 futures point to more of the same ahead. Read More Crude Oil, Gold Under Pressure as Euro Debt Fears Boost US Dollar
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U.K. unemployment climbed to the highest level in 15 years, supporting further expansion in the APF, especially after the drop in inflation from three-year high. Jobless rate for the three months ended September rose to 8.3%, exceeding both analysts’ forecasts and the previous readings of 8.1% and 8.2%, raising the Read More UK Unemployment Climbs [...]
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U.S. markets ended the week on a high note with positive investor sentiment driving stocks higher. News that the Italian government was moving forward with a new budget, along with better than expected Consumer Confidence numbers, gave investors 26 Vote(s) Read More Robust Sentiment Gives Wall Street a Boost
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The euro regained its footing today on the speculation the European policy makers will increase the rescue fund to help in battle with the debt crisis.(…)Read the rest of Euro Rebounds as EU Plans Boost of Bailout Fund (64 words) Posted on Forex News. Read More Euro Rebounds as EU Plans Boost of Bailout Fund
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The Canadian dollar has been struggling this past week, experiencing difficulties as economic data has been in doubt. Additionally, the loonie was briefly used as a funding currency for carry trades with the Aussie and the kiwi. Now, though, things are changing a bit. (…)Read the rest of Canadian Jobs Data Gives Loonie a Boost (151 words) Posted on Forex News. Read More Canadian Jobs Data [...]
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Top stories: MPC’s ?75bn boost, EU banks, Halfords, and Steve Jobs. Read More Top stories MPCs boost, EU banks, Halfords and Steve Jobs
Posted in FX News | Tagged and, banks, boost, eu, halfords, jobs, mpcs, steve, stories, top
The Asian currencies, led by the Malaysian ringgit, gained today on the speculation that the Federal Reserve will boost stimulus to the US economy, improving prospect for Asia’s exports.(…)Read the rest of Ringgit Gains as Fed Stimulus Can Boost Exports (109 words) Posted on Forex News. Read More Ringgit Gains as Fed Stimulus Can Boost Exports
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Angel investors in small businesses will receive a ?100m tax break to back Britain’s growing companies, the Treasury will confirm today. Read More Tax break for investors to boost growing businesses
Posted in FX News | Tagged boost, break, businesses, for, growing, investors, tax, to