Political Uncertainty May Weigh Down on EUR
May 4, 2012 11:34 am by Dan EduardThe euro took mild losses against its main currency rivals ahead of today's highly significant US Non-Farm Payrolls report. The EUR/USD fell over 20 pips to 1.3125 during morning trading, while the EUR/JPY dropped as low as 105.20. ...
Market Review 4.5.12
May 4, 2012 9:09 am by Dan EduardThe US dollar saw very little movement during overnight trading as investors eagerly anticipate the outcome of today’s US Non-Farm Payrolls figure. Crude oil continued to fall during the Asian session, as poor fundamental indicators out of the euro-zone ...
Market Review 3.5.12
May 3, 2012 8:53 am by Dan EduardThe euro continued to slide during overnight trading, following negative euro-zone news released yesterday. The EUR/USD dropped as low as 1.3133, while the EUR/JPY fell to 105.30.
ADP Employment Figure Leads to Dollar Losses
May 2, 2012 3:30 pm by Dan EduardThe US dollar fell vs. the safe-haven JPY throughout European trading yesterday, as a batch of worse than expected international data led to an increase in risk aversion.
US Manufacturing PMI Gives USD Boost
May 1, 2012 3:48 pm by Dan EduardAfter taking losses against most of its main currency rivals throughout the overnight and morning sessions today, the USD was able to stage a mild recovery following a better than expected US ISM Manufacturing PMI.
RBA Interest Rate Cut Leads to Aussie Losses
May 1, 2012 8:51 am by Dan EduardA bigger than expected cut in Australian interest rates last night turned AUD bearish against euro, USD and JPY in overnight trading. Additionally, poor US fundamentals brought USD/JPY to a fresh two-month low.
NOK Turns Bullish, But For How Long?
March 15, 2012 11:01 am by Dan EduardAfter tumbling against its main currency rivals during yesterday’s trading session, the Norwegian krone began to correct itself during the overnight session. Following the surprise decision from Governor Oeystein Olsen to cut the overnight deposit rate in Norway, the ...
Price of Crude Oil On the Rise
February 13, 2012 11:27 am by Dan EduardAfter a brief dip in value last week, the price of crude oil rose back up this morning. Fears regarding the possibility of Greek austerity measures not being passed drove prices down toward the end of last week. With the ...
EUR Comes off Two-Month High to Close Out Week
February 10, 2012 1:03 pm by Dan EduardThe EUR/USD came off a two-month high today, following fresh concerns that Greece could soon default on its debt. The pair spiked as high as 1.3322 yesterday, after Greece reached a deal on austerity measures late in the European ...
USD Retreats vs. Riskier Currencies, Sees Gains against JPY
February 9, 2012 4:31 pm by Dan EduardThe US dollar saw a mixed trading day today, as positive news boosted risk taking in the marketplace which led to gains for currencies like the euro and British pound. News that the Bank of England will inject an ...
