Euro above 1.46 prior to ECB statement

Thursday, 9 June 2011 12:31

The Euro opened up at near 1.47 highs earlier in the morning versus the U.S Dollar and tumbled down only to stop before exiting the 1.46 line. The european currency is keeping steady, awaiting for Trichet’s ECB statement later today.

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U.S Dollar gains strength

Friday, 13 May 2011 10:50

The U.S Dollar is continuously gaining strength against the euro, as the 17 nation currency is hit by news such as Greece’s speculating 60B bailout plan, and Portugal’s preparation to receive a bailout package. After half a year on the high end, the euro is seen to be falling.

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Sterling Steadies

Tuesday, 19 April 2011 12:23

Sterling steadied on Tuesday after the currency came under pressure Monday on speculation that Greece would need to restructure its debt in the near future.

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Asian Markets quiet

Thursday, 14 April 2011 09:27

Asian markets were off or slight up on low volume trading. Australia is down as well but all in the 0.50~1 % levels.

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UK unemployment numbers out

Wednesday, 13 April 2011 12:10

UK unemployment fell unexpectedly in the three months to February, and employment rose as figures came out Wednesday, suggesting a modest improvement in the labour market.

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