Wall Street took a tumble today as J.P. Morgan posted 23% drop in fourth quarter earnings as revenues shrank. Investor look at J.P. Morgan to set the tone for the rest of financials as it is the first major bank to post quarterly results. The Dow 37 Vote(s) Read More Wall Street Takes a Tumble [...]
Posted in FX News | Tagged a, jp, morgan, on, quarterly, results, street, takes, tumble, wall
Euro continues to?tumble in?Forex trading, dropping as?the?news out of?Europe continues to?disappoint traders everywhere. Yesterday, euro showed some spunk, but, once again, the?17-nation currency has been able to?hold on?to?any gains. (…)Read the rest of Euro Continues to Tumble (151 words) Posted on Forex News. Read More Euro Continues to Tumble
Posted in FX News | Tagged continues, euro, to, tumble
In an unexpected burst of momentum in the final hours of trading this past Friday, the euro tumbled to the threshold of major support against its US and British counterparts (two of the currency market’s most liquid pairs). This puts the world’s second most liquid currency at immediate risk of a extraordinary plunge to start [...]
Posted in FX News | Tagged a, as, euro, event, major, massive, of, on, rises, risk, the, tumble, verge
World stock markets tumbled after the shock resignation of Jurgen Stark, a key member of the European Central Bank, provided an unwelcome backdrop to the crucial G7 meeting in Marseilles. Read More Markets tumble after ECBs Jurgen Stark resigns
Posted in FX News | Tagged after, ecbs, jurgen, markets, resigns, stark, tumble
The euro was finally able to find its footing Wednesday as a series of temporary fixes curbed the market’s building fears of an imminent financial crunch. However, the backdrop has not improved materially; meaning this rebound will be under constant threat of collapse. Read More EURUSD Ends a 6Day Tumble on Flimsy Confidence, ECB Decision [...]
Posted in FX News | Tagged 6day, a, ahead, confidence, decision, ecb, ends, eurusd, flimsy, on, tumble
Stock markets in Europe and Asia dropped, following a final frantic hour of trading on Wall Street last night, on fears of a deepening economic slowdown on both sides of the Atlantic. Read More Markets tumble on fears for US growth and eurozone debts
Posted in FX News | Tagged and, debts, eurozone, fears, for, growth, markets, on, tumble, us
The EUR came under pressure overnight as a more corrective mood took over from the post-Greek vote explosive rally. Services PMI data out of the Eurozone remained below forecast with Italy?s falling to its lowest since August 2009 while Italy/Germany debt spreads widened as Italy?s latest fiscal plan was delayed. Read More Asia Consolidates After [...]
Posted in FX News | Tagged after, asia, consolidates, eurs, tumble, yesterday
FXstreet.com (Barcelona) – European markets have opened the week on a heavily bearish tone with… For more information, read our latest forex news. Read More European markets tumble on debt fears and weak data
Posted in FX News | Tagged and, data, debt, european, fears, markets, on, tumble, weak
Bond investors turned bearish despite a miss on the headline U.S. number as they looked beyond the blizzards to realize that jobs growth remains very much alive. A coincident report from Canada earlier in the morning also showed that employment growth was much stronger than was expected. The big take Read More Bonds Tumble after [...]
Posted in FX News | Tagged after, bonds, payroll, report, snowhampered, tumble
For three weeks, EURUSD steadily climbed while the other dollar-based majors struggled for meaningful direction. This comparison alone should tell us that the responsibility for this specific pair’s performance fell not to the dollar but to the euro. Indeed when we look at EURJPY, EURGBP and the rest of this shared currency’s crosses; we see [...]
Posted in FX News | Tagged eu, euro, financial, on, or, ready, risk, to, trends, troubles, tumble
