Slight recovery for Euro after all-time low versus Swiss Franc

Thursday, 26 May 2011 11:35

Yesterday’s Euro session had mixed feelings, trading flat against the Dollar and lower versus the Streling and Swiss Franc. Today’s session seems to be a little brighter for the 17 nation European currency as it’s trading stronger against the Dollar above the 1.40 zone.

ECB highly anticipated press Conference shoot Euro upwards

Thursday, 5 May 2011 01:01

UK Services PMI (Purchasing Managers’ Index) came out earlier today with weaker news than expected. April’s Activity Growth fell from March’s 57.1 to 54.3; while expectations cicled around 55.8.

GBP/USD is trading at 1.6482. EUR/GBP is trading just above the 90 cent line at 0.9016.

ECB president’s comments on interest rate cause EUR to slip

Tuesday, 26 April 2011 11:15

For the first time since 2008 the European Central Bank tampered with europes interest rates in order to maintain stabilized prices, the ECB rose interest rates by 0.25% from 1% to 1.25% earlier this month; and now ECB’s president Jean-Claude Trichet is speaking in interviews about the interest rate and inflation views.

US Bond Market Update

Tuesday, 19 April 2011 06:53

The US bond market treasury yield curve has steepened with long-term rates rising and short-term rates falling after the S&P announcement which will certainly worry holders of US dollars.

Ireland won’t default says PM

Monday, 18 April 2011 09:56

Irish, Greek and Portuguese bonds fell today amid mounting speculation Greece will have to restructure its debt as too many it is the only way to survive.