By Steven C. Johnson and Wanfeng Zhou NEW YORK, Aug 9 (Reuters) - The dollar rose against major currencies on Monday as investors squared up positions a day ...See all stories on this topic »
FOREX-Dollar up but investors cautious before Fed meeting
Source: www.reuters.com
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FOREX-Yen rally as US unemployment rises above 10 pct
NEW YORK, Nov 6 (Reuters) - The yen rise on Friday after a report showed the U.S. unemployment rate spiked to 10.2 percent, fueling worries about the health of the economy and boosting safe-haven demand for the Japanese currency. The government reported U.S. employers cut a deeper-than-expected...
The Elliott Wave Principle
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and...
European Morning Wrap Up
Swiss May unemployment 3.4%, better than median forecast of 3.5% Euro zone sentix index rises to -27.o in June vs -34.3 in May, better than median forecast of -31.0. 9-month high. Junior Environment Minister Jane Kennedy resigns from UK government German crude steel output rose 5% m/m in May,...
US investment house seen selling EUR/USD
EUR/USD has come under some pressure post US housing data. Slightly improved data and the USD firms, who would have thunk it. Treasuries off, must be a yield thing. Sources report a US investment house selliing EUR/USD aggressively post release. We’re presently down at 1.4075. Another thing...
Dollar Gains on Unexpected Employment Data
EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965. Nonfarm payrolls decreased by 345k...