2011 November 28 – 2011 – November

Japanese Unemployment Jumps, USDJPY Remains Stable

November 28, 2011 - no Comments

30The USDJPY continued to trade above support at 77.50 following mixed economic reports released today by the Statistics Bureau. According to the Japanese bureau reports, household spending improved in the

Fitch Cuts US Economic Outlook to Negative

November 28, 2011 - no Comments

30In a not so surprising move, Fitch Ratings service cut its outlook for the US economy to negative from stable. The move follows warnings from the global credit agency earlier

DJIA, AUDUSD Rise On Black Friday Numbers, Europe

November 28, 2011 - no Comments

30With risk tolerance up on the day, stock markets rallied – in line with higher beta currencies like the Australian and New Zealand dollars. In afternoon trading, the Dow Jones

Market Welcomes Belgium Debt, Boosts Euro Demand

November 28, 2011 - no Comments

30Aside from speculation over an IMF loan to Italy and the possibility of opening up the debate over Eurobonds again, the EURUSD gained some traction against the greenback following positive

Why The UK Sales Report Is Bad For The British Pound

November 28, 2011 - no Comments

30November retail sales for the UK were pessimistic according to the most recent Confederation of British Industry report. Survey findings fell another 8 points to a reading of -19, far

What’s Happening With Currencies – November 28, 2011

November 28, 2011 - no Comments

30Market risk has roared back in positive fashion following speculation of an IMF loan to Italy and record Black Friday sales numbers. The two announcements are helping to provide some

EURUSD Gets Boost From IMF Speculation

November 28, 2011 - no Comments

30Rising above the 1.3231 close on Friday, the EURUSD currency pair got a boost in the Sunday opening following optimistic news on a potential IMF sponsored loan. The release was