Archive for November, 2008
Euro-Zone Economic Sentiment Lowest Since 1993
Posted on28. Nov, 2008 by admin.
The EUR was unable to make any profit over its rival pairs after the recent announcement by the European Commission of a stimulus plan for 200 billion EUR ($259 billion) to be injected into the economy. The EUR initially gained ground versus the US Dollar following the rise in European stock markets, but issued a [...]
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EUR’s Strength Likely to be Determined by Upcoming Economic Developments in Germany
Posted on27. Nov, 2008 by admin.
The EUR experienced a bearish trading session yesterday, losing ground against most of its currency crosses. The only major economic event that came out of the Euro-Zone yesterday was the German Prelim CPI, which was slightly lower than analysts had forecasted, helping to keep volatility to a minimum.
The German data provided the first insight into [...]
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Euro Appears to Make Gains but Actually Remains Flat
Posted on26. Nov, 2008 by admin.
The primary counterpart for the EUR is the USD. Glancing at this pair would lead one to believe that the EUR was gaining strength since it now sits near 1.3000. However, the market tells us something different. The EUR did in fact make strong gains against the Dollar, but it remained flat against every other [...]
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European Currency is Expected to Make Further Inroads into the U.S. Dollar
Posted on25. Nov, 2008 by admin.
Analysts expect the EUR to continue its rally against the Dollar today, as the U.S. government’s pledge to help Citigroup has in recent days drawn investors away from the safe haven USD. This is in order to make short-term gains in more volatile currencies, such as the EUR and JPY.
The EUR rose 2.8% against the [...]
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EUR Remains at Low Levels against the USD
Posted on24. Nov, 2008 by admin.
In the past week the EUR has retained its relatively low exchange rates against the major currencies, and forced most traders to go short. For now it is quite clear that the previous levels of the EUR, such as 1.5000 against the USD, are a thing of the past, and seem highly unlikely to resume [...]
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Euro Slides against the Dollar and the Yen
Posted on21. Nov, 2008 by admin.
Despite aggressive steps taken by governments around Europe, such as Interest Rate reductions and stimulus spending plans, reports show that the Euro-Zone is headed towards deep recession. The EUR slipped 0.5% against the Dollar to $1.2458. The European economy continued to contract through 2008, leading to economists foreseeing no growth probably until the 3rd quarter [...]
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Euro Yet to Hit Rock Bottom; Analysts Expect Further Depreciation
Posted on20. Nov, 2008 by admin.
The EUR sustained heavy losses against its rival currencies as it continued with its recent downtrend produced by falls in the European stock market. During early trading, the EUR rose to a session high against the USD after the release of pessimistic economic data from the U. S. helped weaken the Dollar to its session [...]
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EUR Continues to Fall Under Foreign Influence
Posted on19. Nov, 2008 by admin.
The EUR saw very little change in its overall value against the other currencies yesterday. It has managed to remain rather calm in light of recent news from the Euro-Zone market. The only economic event out of the Euro-Zone yesterday was the Italian Trade Balance, which ended up slightly lower than forecasted, helping to keep [...]
