The Dollar tumbled to an eight-month low against the Yen and dropped versus the Euro after data showed the U.S lost twice as many jobs in July as expected, fueling concerns that the Federal Reserve may need...
The Dollar appreciated against the most of its major counterparts on Tuesday, as a drop in U.S. consumer sentiment to a five-month low cut risk appetite. Yesterday, the CB Consumer Confidence index for July fell to 50.4,...
The Dollar continues to remain under extensive selling pressure as it is becoming increasingly apparent that the U.S economic recovery may be slowing down.
EURUSD The Euro’s rally, which pushed the single currency to its highest level in more than seven weeks, stalled on Friday as market sentiments towards the Euro remained cautious and some traders bet that its recent upswing...
Today is a busy day with both the European Central Bank and the Bank of England scheduled to release statements regarding their interest rate decisions.
EUR/USD The EUR/USD hovered around seven-week highs this morning against the greenback as traders cut long positions in the Dollar amid rising concerns for the U.S. economic recovery.
Growing global fears over potentially stagnating in China’s and the U.S’s economic recovery as well as mounting concerns over the overall health of the Euro Zone’s banking system have pushed investors to seek refuge in safe haven...
After a string of poor housing, manufacturing and consumer spending data, the U.S ended the week on an even more disappointing note as the U.S Bureau of Labor statistics announced that the world’s largest economy lost more...
The Yen and the Dollar appreciated against their major currency counterparts as investors fled to more risk adverse assets amid rising concerns that the global economic recovery may be faltering. The Euro tumbled to a historical low...
Uncertainty flooded the markets yesterday, as concerns escalated over the global economic recovery following a disappointing release in U.S. consumer confidence, a downward revision to China’s leading indicator index and an unanticipated rise in the Japanese unemployment...
