Archive for April, 2009
EUR Positive After PMI and Ifo Provide Surprising Results
Posted on27. Apr, 2009 by admin.
The EUR gained steady momentum against most of its currency rivals last week. Hitting a one-week high against most of its currency counterparts, the EUR climbed above 1.3300 against the Dollar and near 0.9100 against the Pound Sterling. The question remains as to whether the 16-nation currency can hold onto these advances throughout the coming [...]
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EUR’s Movement Negative, but Busy News Week May Prove Fruitful
Posted on20. Apr, 2009 by admin.
The EUR apparently can’t catch a break these days. With a steady depreciation against the majors, the EUR looks like last week’s loser, and may continue to hold that title throughout this week as well. Dropping below important price barriers against the USD and JPY, but holding steady against the GBP, the EUR’s value may [...]
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EUR’s Recent Depreciation May Not End This Week
Posted on08. Apr, 2009 by admin.
The EUR has apparently taken a hit from the recent rally in the U.S. Dollar, and not just against the USD. Dropping against all of its major currency rivals, the EUR is poised to suffer a significant loss through the rest of the trading week. Trading as high as 1.3575 against the USD this week, [...]
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Pound Continues its Bullish Trend
Posted on07. Apr, 2009 by admin.
The Euro-Zone economy continues to show signs of weakness and yesterday was no exception. European retail sales fell more than twice the forecasted value as the economic situation continues to worsen. This was the largest yearly drop since the record has been tracked. Further erosion was seen in an investor confidence survey; though this result [...]
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EUR Gains Strength as Risk Appetite Increases
Posted on03. Apr, 2009 by admin.
The EUR gained momentum throughout today’s trading hours as the European Central Bank (ECB) left room for future monetary policy adjustments by only reducing Interest Rates by a 25 basis points, from 1.50% to 1.25%, yesterday. Forecasts were for a reduction of half a percentage point in expectation of the ECB taking quantitative easing measures [...]
