Pending Sales in US dive by 12%

Last Updated on Friday, 27 May 2011 05:35 Written by Elena Rajkovic Friday, 27 May 2011 05:35

US Pending House Resales is important is Forex market traders as it’s the leading economic health indicator, as the sales of homes trigger a wide-reaching ripple effect.

EUR/USD continues to trade at 1.4137. GBP/USD at 1.6451 and CHF/USD 0.8562.

Consumer Spending released in U.S

Last Updated on Friday, 27 May 2011 11:42 Written by Elena Rajkovic Friday, 27 May 2011 04:57

The Dollar continues to be under pressure by most major currencies, even though there were some slight gains. EUR/USD fell from today’s 1.4280 to the current 1.4237, as GBP/USD is trading lower from 1.5460 to 1.5419; its current level.

The U.S Dollar rose versus the Japanese Yen to trade at 81.20. The rise was caused as Japan was downgraded by Fitch rating earlier today, permitting the Dollar to jump.

CHF tops USD and EUR

Last Updated on Friday, 27 May 2011 12:56 Written by Elena Rajkovic Friday, 27 May 2011 12:56

The Swiss Franc took a turn for the better as it’s rising higher against major currencies such as the American Dollar and the 17 nation currency. CHF hits all-time record highs against both currencies; USD/CHF slumped by 0.9% from 0.8620 to 0.8531, hurting the Dollar while making the Swiss merrier. The record high versus the Euro reached 1.2162.

ECB’s Press release

Last Updated on Friday, 27 May 2011 11:43 Written by Elena Rajkovic Friday, 27 May 2011 11:27

Monetary Developments in the Euro Area for April were released just minutes ago. Year on year growth rate of M3 came out lower than expected at 2.0%, decreasing from 2.5% value expected and prior March results of 2.3%.
Annual Private Loans came out lower than expectations. Year on year results were released at 2.6%, while it was forecasted at 2.7%. Although lower than expected, the 2.6% results was a little higher than last year’s 2.5%.

Housing Prices in U.K better than expected, at 0.3%

Last Updated on Friday, 27 May 2011 10:58 Written by Elena Rajkovic Friday, 27 May 2011 10:58

United Kingdom released its Housing Prices figures in May, which surprisingly viewed better results than expected; at 0.3%. 0.2% higher than forecasted.