Markets Consolidate, with Yen Slightly Weaker vs Rivals Wednesday, September 24th, 2008 Data from the Euro-zone was mixed today as the German IFO Business Climate Index continued to deteriorate though the current account deficit narrowed. In the US, existing home sales fell more than expected. Markets were pretty subdued with the Yen falling slightly as [...]
Greenback Gains as Markets See Retracement of Recent Rally Friday, March 20th, 2009 Recap: The Dollar finished higher against its main rivals as traders pared part of the moves seen the last two sessions which has seen the greenback sold off. In Europe, industrial production fell by a record annual rate in January while Canadian [...]
Greenback Gains on Reverse in US Equities, Euro Slides Sharply Following Failed Test of 1.5050 Monday – October 26th, 2009 Recap: The greenback rallied against the Euro following a failed test of resistance at the 1.5050 level. The Canadian Dollar also slid as stocks in the US were weaker, commodities fell and BOC Governor reiterated [...]
Data Shows Euro Officially in Recession Pressuring Euro Friday, November 14th, 2008 GDP data from the Euro-zone showed growth down 0.2% putting the economy into the official definition of recession. The Euro was pressured against the Dollar and its other rivals. With US stocks down today, the Yen gained on the greenback. News Provided by [...]
Euro Gives Up Overnight Gains Following ECB Decision Thursday – September 3rd, 2009 Recap: The Euro gave up overnight gains following the ECB decision as Trichet did not signal higher rates in the months to come. The Yen weakened on higher stocks, while the Pound gained on the greenback adn Euro following a strong services [...]
Dollar Sinks vs Yen as US Stocks Decline, But Dollar Up vs. Other Rivals to End Week Friday, August 29th, 2008 The Dollar gained on the Euro after the Euro-zone put out cooler inflation data. The Loonie was pressured by weak GDP data, and the Pound is falling prior to next week’s bank meeting. US [...]
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Higher Yielders Take A Breather Tuesday – August 4th, 2009 Recap: Currency pairs traded sideways or gave up some of their loftier gains from the past two sessions as stocks traded lower in Europe and mixed in the US, giving traders the chance to re-assess the recent moves. News Provided by CMS Forex www.cmsfx.com Newscaster [...]
Greenback Pressured vs Commodity Currencies, Pound; Gains on Yen Monday, June 1st, 2009 Recap: In a day full of economic news, the themes present last week continued. The Pound gained on its rivals while the greenback was pressured against commodity currencies and the Euro. GM filed for bankruptcy, but stocks still surged, pushing the Dollar [...]
