Latvia/IMF do not discuss devaluation

Source: www.forexlive.com

Latvia and the IMF did not discuss a devaluation and are trying to maintain the present peg to the euro via a new budget. Swedish banks will breath a short-term sigh of relief. This is modestly EUR supportive, but the focuc is more on US jobs figures at the moment. EUR/USD is quiet at 1.4180.


Read more...

  • FOREX VIDEO | NEW YORK SESSION REVIEW | June 9, 2009

    Today’s New York trading session was devoid of major US news events, and lower than normal volatility in the currency markets was the rule. However, there were opportunities to profit. For example, a classic range trade on the EUR/JPY produced a 60-pip profit before today’s London...

  • French official says watching forex markets

    ... currency markets and that is why we are keeping an eye on that market,' the official told Reuters in reponse to a question about recent forex market moves. See all stories on this...

  • The S&P;/Case-Shiller Index and Housing

    The S&P/Case-Shiller is a composite index of home price indices for 20 major metropolitan statistical areas in the United States. The index...

  • US Wholesale inventories hit lowest level since September 2007

    US April Wholesale inventories were lower than expected down 1.4% to reach their lowest level since Sep 2007. Wholesale sales also fell, down 0.4% to their lowest level since November 2005. Also realeased was the IBD Economic optimism index which rose to 50.8 in June from 48.6 in May. This puts the...

  • Tuesday 2/28 Insider Buying Report: WLT, SXCI

    As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money....