Archive for November, 2009
Interest Rates Announcement Expected This Week
Posted on30. Nov, 2009 by admin.
The Euro continued to strengthen against most of the major currencies during last week’s trading session. Despite a mild drop against the Yen, the Euro soared against the Dollar and the Pound.
The Euro rose following a batch of positive data published from the Euro-Zone. The positive publications from the German and French economies have boosted [...]
Continue Reading
Euro Falls 1% below $1.5 as Stocks Stumble
Posted on27. Nov, 2009 by admin.
Euro Falls 1% below $1.5 as Stocks Stumble
Continue Reading
EUR Gains as Stock Market Rallies
Posted on26. Nov, 2009 by admin.
The EUR experienced a bullish trading session yesterday, as it appreciated against most of its major currency pairs. The 16-nation currency extended gains versus the dollar during yesterday trading session, to trade above 1.5130 amid a broad sell-off in the USD. The European currency finished around 60 pips higher against the GBP to finish yesterday’s [...]
Continue Reading
Pound Drops on Governor King’s Comments Regarding Economic State
Posted on25. Nov, 2009 by admin.
The EUR was mainly higher against the Dollar Tuesday following a report suggesting that the U.S monetary stimulus program is likely to remain in place the longest among the countries which adapted similar programs. Furthermore, the German Ifo Institute’s November business climate index exceeded investors’ expectations. .
Late Tuesday, the EUR was at $1.4965, compared with [...]
Continue Reading
EUR Makes Gains, But Can’t Break $1.50
Posted on24. Nov, 2009 by admin.
Buoyed by impressive gains in the global stock market on Monday, the Euro rose against all major currencies, but still failed to break the psychologically important $1.50 barrier. Leveling off at 1.4980 against the dollar, the EUR seemed perpetually stuck between the 1.4800 and 1.4990 marks. Against the Yen the EUR also made gains, advancing [...]
Continue Reading
Euro’s Bullishness Halts
Posted on23. Nov, 2009 by admin.
The Euro dropped against most of the major currencies during last week’s trading session. The Euro continued to drop against the Yen, and the EUR/JPY dropped below the 132.0 level. The Euro also fell against the Dollar.
The Euro’s drop seems to be a direct result to the disappointing data published from the Euro-Zone during the [...]
