Archive for 'Market Snapshot'
U.S. Retail Sales On Tap
Posted on14. Apr, 2008 by admin.
Economic News
USD
Last week we saw the return of significant volatility to the Forex market. Amidst fears of Recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became weary of the dollar. The last part of March heading into April saw the greenback swing up [...]
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Interest Rate Announcements Expected For EUR & GBP
Posted on10. Apr, 2008 by admin.
Economic News
USD
Yesterday, the greenback fell to its lowest mark since the beginning of April decreasing sharply against a majority of it’s currency rivals. The EUR/USD pair shot up 150pts yesterday, crossing the key psychological rate of 1.5800 for the first time since the positive ISM Manufacturing Index release on April 1st. Expectations for the near [...]
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FOMC Meeting Minutes on Tap
Posted on08. Apr, 2008 by admin.
Economic News
USD
The USD rose against the EUR yesterday on speculation the Fed is close to ending the biggest series of Interest Rate reductions since 1984. Stability in equity and credit markets raised optimism that the worst of the financial crisis might be over, encouraging investors to buy riskier assets. Yesterday, the U.S. currency advanced 0.3% [...]
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USD Goes Up Despite Weak Jobs Report
Posted on07. Apr, 2008 by admin.
Economic News
USD
The USD pared its gain against the EUR on Friday as investors digested the U.S. March Unemployment Report and the Nonfarm Employment Change figures. Last Friday’s Payrolls hit the -80K mark, marking the biggest decline in 5 years. Unemployment also spurred downside risks for the economy as it rose to 5.1% from 4.8%, and [...]
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ADP Non-Farm Payrolls On Tap
Posted on04. Apr, 2008 by admin.
Economic News
USD
The USD has rebounded over last few days leading up to today’s Non-Farm Payrolls report. Fed Chairman Bernanke said on Wednesday that the U.S. economy may fall into recession in the first half of 2008, although he was less pessimistic than expected, which led investors to scale down expectations for aggressive monetary easing. Interest [...]
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ISM Non-Manufacturing On Tap
Posted on03. Apr, 2008 by admin.
Economic News
USD
Yesterday, the USD initially climbed against the EUR after the ADP Employer Services report showed U.S. companies unexpectedly added 8,000 jobs in March. Later in the session, the greenback erased its gains against the EUR after Fed Chairman Ben Bernanke told Congress the U. S. economy could contract in the first half of 2008. [...]
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The USD Still Roams Bearish Grounds
Posted on28. Mar, 2008 by admin.
Economic News
USD
The USD rallied yesterday against the EUR, after a data showed that the U.S. economy grew in line with market expectations during the 4th quarter.
Yesterday’s finalized GDP figure eased fears of a steeper slowdown after it printed at 0.6% – unchanged from the month prior. A fall in U.S. Unemployment Claims in the latest [...]
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EUR/USD Marching Toward 1.60?
Posted on27. Mar, 2008 by admin.
Economic News
USD
Yesterday, the greenback continued its freefall back into a tough position against most of its currency rivals. US economic data returned unexpectedly poor and took what had been a moderate bearish trend and let it loose, forcing the Dollar back toward lows against the major currencies, most notably the EUR. The EUR/USD pair soared [...]
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The Greenback Goes Down Again
Posted on25. Mar, 2008 by admin.
Economic News
USD
Yesterday’s trading session was characterized by low liquidity as US markets were closed due to the Easter holiday. The greenback was consolidating yesterday against most currencies and showed no distinct trending. The calm status changes later on the overnight trading session as the greenback started to gain all across the board in a quite [...]
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US Retail Sales On Tap
Posted on13. Feb, 2008 by admin.
Economic News
USD
The greenback drifted lower against the EUR and the GBP yesterday ahead of today’s much anticipated Retail Sales report, which is expected to disappoint and therefore increase speculation that the U.S economy is headed towards a recession. It is highly unlikely that the Retail Sales figure will surprise on the upside amidst a slowing [...]
