Pending Sales in US dive by 12%

Friday, 27 May 2011 05:35

US Pending House Resales is important is Forex market traders as it’s the leading economic health indicator, as the sales of homes trigger a wide-reaching ripple effect.

EUR/USD continues to trade at 1.4137. GBP/USD at 1.6451 and CHF/USD 0.8562.

German IFO remains unexpectedly steady

Tuesday, 24 May 2011 11:52

Anxiously anticipated German IFO Business climate news remained at a steady rate of 114.2, while expectations discussed the possibility of the German IFO to come out at 113.9. Shortly after the positive news release, EUR/USD jumped from 1.4060 to trade at 1.4093; its current point. The European currency struggles to make a recovery after yesterday’s heavy downfall below the line of 1.40. After the currency fell to 1.3969, it attempted a recovery to keep itself off the 1.3950 resistance level.

US unemployment rate fell 44,000

Thursday, 12 May 2011 04:09

The U.S is swimming in news as releases on Retail Sales, Producer Price Index and Jobless claims come out.

Euro Drops versus the Dollar; while UK House Prices fall to a 7-month low

Monday, 9 May 2011 02:16

EUR/USD opened up this week’s trading session at 1.4359, also reaching 1.44. The Dollar went off its 3-year low and grew stronger than the Euro. The currency is keeping a pace along the lines of 1.43-44.

EUR/GBP dropped to 0.8789 from the 0.88 zone. GBP/USD is trading a little lower than the 1.6390- line that it was trading earlier, to trade to 1.6360- line.

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.