Euro is off its 1.4050 low; Greece faces more debt crisis

Last Updated on Friday, 20 May 2011 10:52 Written by Elena Rajkovic Friday, 20 May 2011 10:52

The European currency for 17 nations seems to be recovering as it’s keeping well over the 1.4050 (7-week) low. The currency stepped to walk on a high of 1.4336 in yesterday’s session, now resisting at the level of 1.4420. This all, rivaling the U.S Dollar.

EUR/USD is currently trading at 1.4313.

BoJ Call Rate voted to remain the same at <0.10%

Last Updated on Friday, 20 May 2011 11:02 Written by Elena Rajkovic Friday, 20 May 2011 10:00

A couple of hours ago, the Bank of Japan executed its monetary policy statement voting that BoJ interest rates will remain at the same position as expected at 0 to 0.1%. Japan has been going through tough times ever since the big nuclear and tsunami disaster, one of the worst in the history; this happening weakened Japan’s economy. Housing market has gone down, export and import facilities have weakened drastically and the currency was seen struggling against its major rivals constantly while the tragedy occured.

U.K meeting minutes vote of keeping interest rates on hold

Last Updated on Wednesday, 18 May 2011 02:07 Written by Elena Rajkovic Wednesday, 18 May 2011 12:36

News just in by the Bank of England, Minutes of the Monaterly Policy Committee meeting voted 6-0-3 to keep interest rates steady on hold for the ongoing month.

Aussie downgraded by one notch

Last Updated on Wednesday, 18 May 2011 11:55 Written by Elena Rajkovic Wednesday, 18 May 2011 11:55

Moody’s downgrades Australia. Four major banks of Australia were downgraded from Aa1 to Aa2, with the agency also cutting its view on the bank’s subordinated debt to Aa3 from Aa2, as well as the financial strength rating from B to B-. As Moody’s stated the cut downs reflect their view of Australian Banking.

ZEW lower than expectations

Last Updated on Tuesday, 17 May 2011 12:42 Written by Elena Rajkovic Tuesday, 17 May 2011 12:42

German leading indicator for Economic Health was released at lower than expected indicators.