Forex News | Forex | Trading Forex with Mega Trader FX

U.S Jobless Claims down by 16K

Last Updated on Thursday, 16 June 2011 04:29 Written by Elena Rajkovic 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.

Sterling weakening against Dollar

Last Updated on Thursday, 16 June 2011 12:42 Written by Elena Rajkovic 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

Last Updated on Thursday, 16 June 2011 11:55 Written by Elena Rajkovic 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%.

Pound being pounded by Dollar

Last Updated on Wednesday, 15 June 2011 12:44 Written by Elena Rajkovic Wednesday, 15 June 2011 12:44

United Kingdom’s labour market released important announcements about U.K’s Unemployment change and Total Pay.

Euro struggling versus Dollar

Last Updated on Wednesday, 15 June 2011 11:31 Written by Elena Rajkovic Wednesday, 15 June 2011 11:31

The Euro is continuing to weaken against the U.S Dollar; after crawling back to 1.4405, it struggled to stay there and fell to presently trade at 1.4375. Euro is struggling as Greece’s debt problem resurfaced again.

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