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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Standard & Poor’s, the rating agency that shocked markets by threatening a mass downgrade of eurozone debt, has issued a warning on European Union credit too. Read More EU comes under threat of downgrade by SdanP
Posted in FX News | Tagged by, comes, downgrade, eu, of, sp, threat, under
FXstreet.com (C?rdoba) – This week, 2 events signaled that stress on the interbank market is… For more information, read our latest forex news. Read More Forex Flash Euro could come under renewed pressure Commerzbank
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The euro fluctuated today as the mounting pressure for Italian Prime Minister Silvio Berlusconi added Italy to the list of countries investors should be worried about. In fact, Italy was on that list, together with Portugal, Ireland, Spain and Greece, and traders were just reminded that the problems of the European Union aren’t limited only to Greece.(…)Read the rest of Euro Under Pressure on Berlusconi Vote (121 words) Posted on [...]
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Meanwhile, there was also good news for the Eurozone’s real economy, with the release of August’s whole-of-Eurozone Industrial Production figure, which showed that industrial output had unexpectedly expanded by 1.2% since July’s figure. … 5 Vote(s) Read More Foreign Exchange Report GBP EUR Rate Under Pressure As Barroso Unveils
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Fed FOMC members judged economic growth to be slow, but they did not see the U.S. economy falling back into recession at their September 21st 22nd meeting. Moreover, they acknowledged inflation appeared to have moderated, but not as much as they had expected earlier this year. Participants agreed risks to Read More September Minutes Show [...]
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Credit conditions among UK households have eased in recent months, according to the latest snapshot from the Bank of England. Read More Household lending improves but small businesses under pressure
Posted in FX News | Tagged businesses, but, household, improves, lending, pressure, small, under
FXstreet.com (California) – The U.S. dollar is extending declines against the Hong Kong dollar for… For more information, read our latest forex news. Read More Forex USD HKD well under pressure as Asia turns decidedly risk on
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The greenback has come under pressure as the risk trade get a reprieve from heavy selling seen in recent days. However the pullback is likely to be short lived as global growth concerns and fears of a European default deepen. Read More Aussie Rebound to be Short Lived Dollar Correction Under Way
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Crude oil is set to resume tracking the S&P 500 after diverging yesterday while gold and silver are under pressure as US economic data weighs on Fed easing hopes. Read More Crude Oil to Resume Tracking SdanP 500, Gold and Silver Under Pressure
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