The grounding of air travel in Europe has put strong downward pressure onto the Euro-Zone’s common currency. Analysts are putting losses so far around $1.7 billion, and declaring that European regional airlines likely suffered more than the...
The EUR/USD cross edged above the $1.35 level after the German ZEW Institute’s April economic sentiment index came in well above previously forecasted levels. That being said, the Euro-Zone currency fell later in the session amid persistent...
Last week marked a sharp drop in the EUR’s value, especially against the USD and the JPY. The biggest question for this week is whether the EUR will continue to see bearish trends against the major currencies,...
Past Events • USD Housing Starts, out at 0.63M versus expected 0.60M, prior 0.62M (revised)• USD Building Permits, out at 0.69M versus 0.63M, prior 0.64M (revised)• USD Prelim UoM Consumer Sentiment, out at 69.5 versus 74.7, prior...
Over the past week, Crude Oil saw an extremely volatile session. After peaking at $86.60 a barrel, crude oil sharply dropped and is currently trading at $83.30 a barrel. At the same time, the Dollar is correcting...
The euro dropped across the board as Greek sovereign-debt concerns sparked a sell off in the 16-nation currency. However, the currency limited its losses after it was announced that Greek leaders have met with IMF officials as...
Following the Dollar’s rather steep losses yesterday, traders can expect the greenback to either correct itself or extend its bearish streak today, depending on the outcome of several news events. The weekly U.S. Unemployment Claims figure and...
Past Events: • USD Trade Balance out at -39.7B, versus expected -38.5B, prior -37.0B (revised)• USD Import Prices m/m out at 0.7%, versus expected 0.9%, prior -0.2% (revised)• GBP Trade Balance out at -6.2B, versus expected -7.3B,...
The U.S Dollar edged down versus the EUR during the session as traders look ahead to key U.S. economic data and congressional testimony from Federal Reserve Chairman Ben Bernanke later today. Traders will listen closely for any...
The European Union finally agreed upon an aid package for Greece. The aid package of $61 Billion sent investors to buy the EUR, pushing it significantly higher against all its major counterparts. Greek fiscal problems seem close...
