EUR/USD Moves Above 1.4300 on ECB Expectations
- Wednesday, 06 April 2011 15:45
The EUR/USD hit 1.4348, its highest level in over a year, in anticipation of Thursday’s ECB rate hike.
GBP/USD Moves Higher on Strong Services PMI
- Tuesday, 05 April 2011 06:56
The pound gained momentum after the UK Services PMI beat analysts’ expectations to reacheits highest level in thirteen months, on Tuesday.
USD/CAD Ignores BOC Business Poll
- Monday, 04 April 2011 15:17
A mixed Bank of Canada business outlook survey failed to impact the markets on Monday. Despite concerns over inflation and commodity prices, the USD/CAD preferred to stay within its tight range near 0.9680.
BOJ Releases Takan Survey Details
- Monday, 04 April 2011 03:30
The Takan Survey, used to measure the Japanese business sentiment, is an important leading indicator of the country’s economy. Here are the latest details released by the Bank of Japan.
Upbeat Payrolls, Dovish Fed Create Fireworks in the Forex Market
- Friday, 01 April 2011 13:29
The US dollar went through a roller coaster ride after the release of March’s payroll data and a series of Federal Reserve comments during the Friday’ New York session.
UK Manufacturing PMI Disappoints
- Friday, 01 April 2011 06:49
March’s Purchasing Managers Index, used as a leading indicator of UK’s growth rate, fell short of estimates on Friday. The particularly low number casts new doubts about a potential Bank of England rate hike and questions the country’s first quarter growth rate.
Euro Resists Irish Banks Stress Test
- Thursday, 31 March 2011 16:24
As expected by analysts, the EUR/USD survived without much difficulty the Irish banks stress test. Despite less than passable results, supportive comments from the ECB maintained investors’ confidence in the euro.
US Unemployment Claims Show Slow Improvement
- Thursday, 31 March 2011 15:13
The Department of Labor revealed a drop by 6,000 (388K) in the number of individuals who filed for unemployment insurance for the first time during the past week. However, the number falls below expectations after the previous week’s unemployment claims were revised up to 394K.
