EURUSD nearing 1.3700

Tuesday, 11 October 2011 10:41

The 17-nation european currency marked a big rally against the U.S Dollar, raising over 300 pips from 1.3360 to 1.3690 in yesterday’s trading session.

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U.S Initial claims down by 12,000

Thursday, 1 September 2011 04:06

The Labor Department in the United States released the actual figure of unemployment claims for the week ending August 27th. Jobless claims in the U.S fell by 12,000, as economists had expected.

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Euro pushed higher after common agreement between France and Germany

Thursday, 21 July 2011 11:33

French president Sarkozy and German Chancellor Merkel made an agreement between each other over the Greek economic debt crisis. The details of the agreement are yet unknown untill later today when the EU economic summit will be held in Brussels.

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Greek payment delayed yet again

Monday, 20 June 2011 12:41

EUR/USD starts the week with a downward spiral, resulting from the failure of agreement amongst the European leaders about the Greek bailout plan. Decision has been delayed up until July, whether or not Greece will receive the 12 billion euros as part of the 110 billion euros given to Greece in last year’s crisis.

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Trichet announces rates at 1.25%; Euro tumbles down

Thursday, 9 June 2011 04:01

European Central Bank President, Trichet, announced that rates were to be kept at 1.25%. This was widely expected by the markets.

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