Good day to you my Forex friends! Here’s an update on the EURUSD or the fiber as what they call it on Wall Street. The last time I covered the pair...
Is the Euro’s Short Rally Over? – August 30, 2010
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The USD Recovers after US Consumer Confidence Falls
The U.S. dollar gained versus the EUR but extended losses against the Japanese yen on Friday after the U.S. consumer sentiment index unexpectedly declined in early August. The data pushed U.S. stocks lower, aiding the Dollar which has tended for months to move in the opposite direction as equities...
UK Retail Sales increase in July for second straight month.
Thursday, August 20th - July's annual rate of increase was 3.3 percent higher than the July 2008...
Risk aversion dominates the morning session
EUR/JPY has fallen almost 100 pips from it’s NY closing level as events in Iran and North Korea remind the market that we are really only one big event away from a significant hiccup in the worldwide economic recovery. Risk aversion has been the name of the game, with both the JPY and CHF...
Irish PM survives confidence vote
First Gordon Brown survived the worst week of his political life and now the PM of the struggling Republic of Ireland has survived a confidence vote. With Ireland in financial disarray, wide politicians will wait on the sidelines rather than trying to catch a falling knife. EUR/USD is consolidating...
Nikkei breaks 10,000
The Nikkei has broken thru the 10,000 mark, a level that hasnt been seen since October last...