The US dollar fell on Monday after reaching its highest 10 months in last week. The greenback was surged on Friday after a strong US payrolls report but on Monday… Read more
US Dollar Face Correction
UK on watch for credit downgrade
The Bank of Japan surprised markets overnight, as it decided to expand its asset buying programme by Y10 trillion to Y65 trillion (the entire amount will be used for the… Read more
Weekly Outlook for the British Pound
Major economic events to affect the trading of the British Pound for the week ending March 9th are as under: On Monday, in United States, data on ISM non manufacturing… Read more
Bernanke comments causes sell off
Market sentiment received a bit of a boost yesterday when the results of the ECB’s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks…. Read more
Euro firm however downside risks remain
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor’s that it is cutting Greece’s long… Read more
US Dollar Jumps as G-20 Refuse to Boost Funding for IMF
Greenback gained on Monday as the single currency weakened in reaction to the decision of the G-20 meeting to reject the funding of International Monetary Fund until the single currency… Read more
Euro upside following Greek deal
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded… Read more
