New Finance Minister appointed in Greece
Friday, 17 June 2011 12:03
The 17-nation currency experienced another low yesterday when EUR/SUSD fell to 1.4070. The Euro slightly recovered today, in friday’s session, as it’s trading back at 1.4165.
Read MorePhilly Fed Manufacturing Index
Thursday, 16 June 2011 05:30
The Philly Fed Business Outlook Survey measures the level of a diffusion index based on surveyed manufacturers in Philadelphia. Previoud month’s Index was relesed at 3.9; this month economists expected the Index to be announced at 7.1; instead the news came out at 7.7.
Read MoreU.S Jobless Claims down by 16K
Thursday, 16 June 2011 04:29
The Euro is seen tumbling towards the downwards direction, the currency against the U.S Dollar managed to plunge to 1.40 levels; Reasoning for this can be put upon complications in Greece as the debt in Europe is receiving all the spotlight. The pair pushed a litte higher after the U.S Unemployment Claims, Building Permits and Housing Starts; trading at 1.4131.
Read MoreSterling weakening against Dollar
Thursday, 16 June 2011 12:42
Monthly Sales Volume announcement was released earlier today. Results were expected to be released lower than last month, as predicted by economists.
1.1% last month, forecast was expected at 0.5%. Instead, Retail Sales dove even further to be released at -1.4%.
Swiss Libor Rate
Thursday, 16 June 2011 11:37
Swiss reports on Interest Rates were released by Swiss National Bank. Libor Rate was predicted to remain the same, as previous releases, at 0.25%.
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