Gold hits record on speculation

Friday, 15 April 2011 08:52

Gold hits record on speculation that the ongoing crisis in Europe will worsen, enhancing its appeal as an alternative to currencies. Silver touched a 31-year high as well.

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China’s FX reserves in March

Friday, 15 April 2011 07:37

China’s FX reserves in March have hit the 3 trillion level for the first time. This could be seen as a symbol of China’s strength and growth yet it really shows how undervalued the Yuan is and how inflation could be seriously out of control.

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ECB’s long awaited announcement is nearing

Thursday, 7 April 2011 11:26

The long anticipated announcement by the European Central Bank is due today at 11:45 GMT, as eager investors tune in to see ECB’s decision on raising the interest rates. Fairly confident that a raise is prominent, this will turn the European market upwards once again.

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Sterling announces better than expected PMI data

Tuesday, 5 April 2011 03:38

PMI services index was announced stronger than expected in the UK, bringing strong bids to the British currency. Results for March came out at 57.1, while the results expected were to be 52.5. The previous PMI service results were 52.6, so the British..

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Dollar is Flying, while Yen is looking delicate

Tuesday, 29 March 2011 04:33

Bullard’s discussion in Prague boosts the US Dollar. Useful information for forex traders. EUR/USD was trading at 1.4127 from the time of the previous post and is now trading at 1.4059, resulting in the depreciation of the Euro. As well as the GBP/USD trading at 1.5970..

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