Archive for 'Market Snapshot'
US Interest Rate Statement On Tap
Posted on11. Dec, 2007 by admin.
Economic News
USD
The USD depreciated against most major currencies on Monday for the 3rd consecutive session, ahead of today’s widely expected FOMC Interest Rate Statement. Also, yesterdays’ data on U.S. Pending Home Sales for November showed an unexpected gain and gave the greenback a modest boost.
Markets have recently pared back aggressive U.S. rate cut forecasts, with [...]
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The Greenback Corrects Massively
Posted on06. Dec, 2007 by admin.
Economic News
USD
Dollar bulls took their chance yesterday following the release of a report that showed a marked rise in private-sector jobs, giving the greenback a lift against its major rivals. Yesterday, the U.S. currency gained 1% against the EUR, 0.9% versus the JPY and 1.6% against the GBP.
The USD strengthened yesterday after reports showed [...]
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US Non-Farm and Non-Manufacturing Figures On Tap
Posted on05. Dec, 2007 by admin.
Economic News
USD
Yesterday was void of any significant news from the U.S, so the greenback did not experience much movement against the EUR. However the greenback did strengthen noticeably against the CAD on the back of the unexpected Canadian interest rate cut to 4.25%. The main market movement yesterday was still driven by comments by [...]
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Forex Trading History
Posted on16. Mar, 2007 by admin.
Foreign exchange of currencies can be dated back to ancient times, when merchants of different sorts traded coins from country to country. In ancient Egypt the first coins were used, and paper notes were added later on by the Babylonians. The history of Forex continues in the middle ages when foreign exchange was maintained by [...]
