Euro/USD Massive Day expected Today
All eyes are on the US Fed today as they will declare how much USD they are prepared to print to stabalise US debit., commonly referred to as quantitative easing. ...
Pound’s Future Not Bright; US Dollar Falls after G20
George Osborne, Chancellor of Britain, proposed last week an extreme spending cut of over 80 billion pounds in order to cope with the nation’s budget deficit of 156 billion pounds. ...
Daily Currency Update:
Summary: Markets are expecting a reversal for Euro/USD
Jean-Claude Trichet, the European Central Bank President, said on Saturday that the Euro zone needs more major improvements in the European Union budget than the ones proposed by the European Commission.
The Dollar demonstrated a stable position against several other currencies, and finally pulled away from a 10-month low.
(EUR-USD) closed flat this past week following its price failure at the 1.4157 level. ...
Weekly Currency Update
According to Reuters, “The euro hit a five-month high against the dollar and was on track for its best quarterly gains in eight years on Thursday as data showed euro zone banks are relying less on funds from the European Central Bank.”
The indexes that came out last week had a positive effect on the euro: The German Consumer Climate, the French Consumer Spending, the German Unemployment Change all scored positive for the euro values which additionally boosted its growth.
The euro continued its growth last week – its opening price last Monday was 1,3478 per dollar, after which it headed straight up. ...