News 

03 Nov 2010

Euro/USD Massive Day expected Today


EUR/USD
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. ...

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26 Okt 2010

Pound’s Future Not Bright; US Dollar Falls after G20

GBP/USD 1.5797
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. ...

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18 Okt 2010

Daily Currency Update:

Summary: Markets are expecting a reversal for Euro/USD
GBP/USD 1,5968
EUR/USD 1,3923
GBP/EUR 1,1469
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. ...

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05 Okt 2010

Weekly Currency Update

EUR/USD
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. ...

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29 Sep 2010

Weekly Currency Update

EUR/USD
Last week the pair scored a significant rise. ...

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22 Sep 2010

Weekly Currency Update

EUR/USD
Last week the euro recovered after a slump. ...

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