Daily Reports

Important: This page is part of archived content and may be outdated.

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 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 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 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 Asia Review – Yen gains after BOJ opts not to ease monetary policy further

Posted on July 12, 2012 6:13 am GMT

Yen initially fell in a knee-jerk reaction after the Bank of Japan policy statement but then rose again. There was confusion at first when the the BOJ said it made a technical change to its asset purchase program but then […]

Forex Market Review – Dollar soars against yen after FOMC minutes

Posted on July 11, 2012 8:03 pm GMT

The dollar rose after the FOMC minutes, pushing the euro to a new two-year low. Last month’s Federal Reserve meeting showed further stimulus was not imminent this year though possible in the future only if U.S. economic conditions worsened.  Had […]

Forex Market Review – Euro briefly rallies on Spain plan to cut deficit

Posted on July 11, 2012 12:49 pm GMT

Euro briefly rallied as Spanish and Italian bond yields fell following Spanish PM Mariano Rajoy announcement of Spain’s comprehensive austerity package. Although these measures and cuts are highly unpopular among Spaniards, they will help improve confidence in the euro zone. […]

Forex Asia Review – Yen strong on Europe troubles; euro consolidates near 2-year low

Posted on July 11, 2012 6:17 am GMT

Euro hovered around a two-year low against the dollar as investors were concerned about Europe’s decision-making process after Germany’s Federal constitutional court did not make a ruling yet on the ESM (euro zone rescue fund)  and the fiscal pact. This […]

Forex Market Review – Euro falls to 2-year low as EZ crisis weighs on sentiment

Posted on July 10, 2012 8:31 pm GMT

Market sentiment was damp in the U.S. trading session as the euro zone crisis was the focus of the day. The euro weakened versus the dollar  after the Eurogroup meeting of finance ministers made little progress and added  to uncertainty […]