EUR weakens against major currencies

Last Updated on Thursday, 14 April 2011 05:20 Written by Elena Rajkovic Thursday, 14 April 2011 05:20

EUR/USD traded at a low of 1.4365, failing the attemp to trade over 1.4520. EUR/JPY traded at 119.55 from 120.87. EUR/CHF went from 1.2949 to 1.2856, strengthening the swiss franc. The European currency weakened against the US dollar, swiss franc as well as the Japanese currency.

US Market open, PPI released

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 04:53

The Dow is off in early trading currently at 12,193.64 or 77.35 (-0.63%) points lower, Nasdaq is in the same boat at 2734.16 off 22.35 (-0.81%) and the S & P is 1305.65 or off 8.76 (-0.67%).

US stocks appear to be headed for a lower open

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 04:07

US stocks appear to be headed for a lower open ahead of reports on unemployment claims and inflation also the continuing EU debt worries.

Portuguese and Greek bond yields rise

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 03:26

Portuguese and Greek bond yields rise to record levels on concern they will have to reschedule debt, European stocks and US index futures declined. Portugal’s five-year yields climbed to 10.47 % while the Greek 10 year yield rose above 13 %.

Euro falls hard.

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 14 April 2011 02:31

The Euro has tumbled from 1.45117 to 1.43752 this afternoon, further concerns regarding Ireland and the ECB statement that they are not going to continue bailouts forever has once again put pressure on the Euro.

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