Euro losing strength against Dollar

Friday, 10 June 2011 12:35

The European currency saw a great loss after yesterday’s ECB interview with Trichet. Throughout the day, the 17-nation currency was trading high at 1.4650 against the Greenback.

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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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Jobless Claims at 427K

Thursday, 9 June 2011 03:41

In the U.S.A, the number of people who filed for unemployment for the first time in the past week has increased from last week’s 422,000 to 427,000 individuals this week. Jobless claims were released a little higher than the expectations of 424,000.

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German Industrial Output falls unexpectedly

Wednesday, 8 June 2011 02:26

As the Euro opened high at 1.4693 against the U.S Dollar; a volatile nature was observed throughout the day as the pair jumped from the opening high to 1.4650 before gaining again to 1.4570; only to fall again after euro nation news that Germany’s Industrial Output was released lower than expected. EUR/USD fell to 1.4622 shortly after the announcement.

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Employment Change disappoints in the U.S

Friday, 3 June 2011 04:41

The United States released it’s Employment Change and Unemployment Rate figures. Results disappoint as USD spirals downwards drastically against major currencies.

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