Fears that the sovereign debt issues will spread to other weak economies such as Spain and Portugal as well as concerns that the bailout package will not be enough to return Greece to solvency caused the EUR...
Analysts point out the apparent doubts investors have over the ability of the Greek bailout to perform its task well enough to actually prevent the country from falling into default. Since financial and employment woes seem to...
The U.S. Pending Home Sales is the primary publication today, and is set to determine the level of the USD when it is released at 14:00 GMT. The other main releases that are set to dominate forex...
After a bullish week for the Dollar and a bearish week for the Euro, the speculations regarding an aid package for Greece have corrected looses for the Euro. Eventually, the European leaders have confirmed the rescue plan...
The USD and JPY declined Thursday on hopes the EU and International Monetary Fund will soon formulate an aid package for Greece. Crude Oil rose above $85 a barrel, boosted by rising global equities.
After falling to one year lows against several of its main currency rivals, the Euro was able to bounce back slightly last night. Following news that U.S. interest rates will likely remain at their current levels for...
An extremely volatile day ended yesterday with the U.S. dollar gaining against most major currencies. The EUR/USD pair hit a one-year low not seen since April 2009, and traded below 1.3200.
Uncertainty was apparent throughout most of the trading day as market worries continue over the Greek financial position and are affecting the direction of the currencies. A lack of economic data releases may have allowed the market...
During last week’s trading session, the Dollar continued to strengthen, mostly due to the Greek debt crisis which weakens the Euro. This week however, Interest Rates Announcements are expected from the U.S, Japan and New Zealand. This...
A volatile day ended yesterday with the U.S. dollar gaining against most currencies after the European Union review over Greece deficit surprised investors sending traders back to the greenback while taking the EUR/USD pair to year low.
