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Forex Market Review – Euro ends day higher, off 2-year low

Posted on July 13, 2012 8:47 pm GMT

Euro ended the week on an upbeat note, bouncing off two-year lows and jumped 0.7 percent to rise back near the mid-week levels.  Earlier in the day the single currency was under pressure after Moody’s downgraded Italy’s ratings and growth […]

Forex News – Sterling gains after new Bank of England lending scheme

Posted on July 13, 2012 12:18 pm GMT

Sterling has been rallying sharply against  the dollar and the euro after the Bank of England announced its new lending plan that will boost credit by 80 billion pounds, in an effort to stimulate the sluggish UK economy. More and […]

Forex Market Review – Pre-US open: Euro struggles after Moody’s downgrades Italy

Posted on July 13, 2012 11:27 am GMT

The European session has been somewhat subdued ahead of the weekend. Euro remains around a two-year low after a Moody’s downgrade of Italian bond ratings kept bearish sentiment alive. China GDP data earlier in the day was nothing extraordinary and […]

Forex News – Euro under pressure after Moody’s cut Italy’s bond ratings

Posted on July 13, 2012 9:28 am GMT

Euro is under pressure, hovering near a two-year low against the dollar after Moody’s ratings agency downgraded Italy’s government bond rating by two notches to Baa2 from A3 late on Thursday night. The agency also said that further downgrading is […]

Forex Asia Review – Aussie rallies after China GDP

Posted on July 13, 2012 6:19 am GMT

Euro was steady in the Asian session, hovering near a two-year low. The single currency dipped briefly after Moody’s cut Italy’s credit rating but soon recovered some losses after China GDP data which showed it met second-quarter growth expectations.
EURUSD opened […]

Forex Market Review – Yen maintains strength after BOJ

Posted on July 12, 2012 8:16 pm GMT

Euro recovered slightly from a two-year low reached earlier against the dollar, under pressure by heightened risk aversion amid concerns of slowing global growth. China releases GDP data tomorrow, with current forecasts for a decline in the world’s second largest […]

Forex News – Dollar gains after U.S. jobless claims drop to lowest in four years

Posted on July 12, 2012 12:55 pm GMT

Dollar extended gains against the euro after U.S. jobless claims data. The number of claims filed by Americans for initial jobless benefits fell more than expected last week, marking the lowest level in four years.
A report from the U.S. Labour […]

Forex Market Review – Euro below $1.22 for first time in 2 years

Posted on July 12, 2012 12:21 pm GMT

Euro tumbled to dip below $1.22 for the first time in two years as major risk aversion dominated the markets today. The ECB daily liquidity report showed that bank deposits have fallen sharply to 324.9 billion euros, presumably due to […]

Forex News – Euro rises slightly after improved euro zone industrial production data

Posted on July 12, 2012 9:52 am GMT

Euro rises after a report  from Eurostat showed that euro zone  Industrial production in the 17 countries sharing the euro rose 0.6 percent in May from April. This beat expectations which were for growth to remain stagnant.
Europe’s largest economy,  Germany, […]

Forex News – EURJPY drops to 5-week low after BOJ

Posted on July 12, 2012 7:36 am GMT

Euro tumbled to a five week low against yen on Thursday as safe haven flows increased on uncertainty about the EU’s progress in addressing its debt crisis. Also the Bank of Japan held its monthly policy meeting today and announced […]