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Spain’s Contraction Hitting the Euro Hard
30Not surprising, Spain’s economy is expected to show further signs of stalling according to a monthly bulletin released by the Bank of Spain today. Falling from as high as 0.3%
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USDCAD Remains Below Parity On Positive GDP
30Trading at 0.9963, the USDCAD currency pair continues to fall past parity on a positive GDP report for the world’s tenth largest economy. According to Statistics Canada, gross domestic product
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What’s Happening With Currencies – October 31, 2011
30Major currency risk aversion has spread throughout the market this morning, handing the Euro heavy losses. The single currency is now lower by 1.12% – falling through support at the
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So, What’s Next For the Eurozone?
30Following the announcement of the highly anticipated European Summit resolution, many in the market are asking the same question: what next? European leaders took days to craft a plan that,
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What’s Happening With Currencies – October 28, 2011
30Some profit taking has hit the markets, following yesterday’s soaring gains on an announcement of a European Union agreement. The sentiment has taken the EURUSD a notch back along with
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US Existing Homes Sales Plummet Amid Market Optimism
30Pending sales of existing homes in the world’s largest economy declined in the month of September, bucking analysts’ estimates. The surprise drop of 4.6% beat out forecasts for a 0.4%
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What’s Happening With Currencies – October 27, 2011
30Risk tolerance has skyrocketed on the session following the announcement of the proposed EU rescue plan. With the provisions seemingly aggressive, traders are happy to sell the US dollar short
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EURUSD Soars, Eurozone Leaders Finalize Plans
30In the early morning hours of Thursday, October 27th, Eurozone leaders finalized a plan to quash the currently reigning financial crisis. Compared to widely expected results, the announced plan is
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FX Traders Await Economic Data, And Eurozone Resolution
30As tidbits of information regarding the potential resolution to the European financial crisis trickle in on the news ticker, currency traders will also be eyeing a handful of data releases
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USDKRW Declines On Positive Data
30The USDKRW currency pair declined by 0.7% to trade lower on relatively mixed economic data in the Asian session. Falling from resistance at 1,132.44, the USDKRW exchange is currently trading
