U.K manufacturing PMI release
Tuesday, 3 May 2011 11:35
United Kingdom just released its manucafturing PMI data with unexpected results.
Read MoreUS Dollar still struggling
Tuesday, 3 May 2011 11:19
The USD jump seemed to be merely just enthusiasm in forex trading due to the shocking news of Bin Laden’s killing in Pakistan. Now that the news is diminishing from broadcasts, the USD is pacing down to it’s regular weak self, closing to the 3-year lows. The European currency peaked to a 3 1/2 year high against the American currency reaching the price of 1.4900 in yesterday’s trading.
Read MoreAussie Interest Rates unchanged
Tuesday, 3 May 2011 08:34
The Reserve Bank of Australia announced its decision of keeping interest rates unchanged at 4.75%, as the previous value and as it was forecasted for this month. This is the fifth meeting that the cash rates have remained unchanged by RBA.
Read MoreISM manufacturing report on Business
Monday, 2 May 2011 05:03
Institute Supply Management Manufacturing Purchasing Manager’s Index data just released with a value of 60.4, good news as it is higher than the forecasted 59.0 but yet lower than the previous figure of 61.2.
Read MoreUSD hoping for a rise
Monday, 2 May 2011 04:53
The world’s least well-performing currency is looking out to be the USD, for the past three months. Hitting 3-year lows and struggling against the by the day; rebound seems far from real this year for America. The Euro hit 16-month high thanks to the weak dollar, and JPY has had it’s shiny moments.
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