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EURUSD Trades Above 1.3500 Ahead Of CPI Data
30The European single currency remains well above support at 1.3500 ahead of the consumer price index data scheduled to be released today. For the month of October, inflationary pressures are
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Yen Demand Remains High Despite Intervention Threat
30Interest in the safe haven Japanese yen continued to remain relatively high compared to demand in other major currencies for the week ending November 8th. According to the CFTC’s Commitment
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Spanish Yields Skyrocket, Euro Future In The Balance
30Another surprising indication of the current European state came through a short term credit auction offered through Madrid. The Spanish government auctioned off 3.2 billion euros of 12 and 18
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The Truth Behind the German ZEW Survey
30According to the Federal Statistics Office, gross domestic product in the German economy gained by 0.5% in the third quarter. Not only was this better than the second quarter’s 0.3%
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What’s Happening With Currencies – November 15, 2011
30Major currency losses continue for a second day following further concerns over European growth and stability. Aside from yesterday’s dismal auction results, Europe is contending with continued loss of confidence
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EURUSD Rocked By Italy Uncertainty, Bond Auction
30The Euro continues to remain under pressure even after this weekend’s events. Following the passage of new financial reform laws last week, Italy’s embattled ex-Prime Minister Silvio Berlusconi resigned from
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What’s Happening With Currencies – November 14, 2011
30Major currencies are taking a massive hit on the day, with concerns over Europe and its current status still looming heavy over the market. As a result, the USD Index
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Japanese Growth Fuels USDJPY Declines
30Third quarter growth in the world’s third largest economy was better than expected, helping to propel the Japanese yen higher against the US dollar in the session. Now higher by
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GBPJPY Headed For More Losses?
30Breaking through support at 121.37, the GBPJPY currency pair looks set for further declines in the Asian session. Already failing to break above resistance at 122.00, the currency pair has
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DJIA, USDJPY Fall On European Worries
30Risk aversion has dissipated throughout the markets as concerns over a quick and formidable resolution at tomorrow’s EU summit are rising. Although no one is in disagreement over the topic
