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.

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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.

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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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