ECB raises Bid rate

Thursday, 7 July 2011 03:29

As expected and widely anticipated the European Central Bank lifted the European Minimum Rate to 1.50%.

Slight recovery for Euro after all-time low versus Swiss Franc

Thursday, 26 May 2011 11:35

Yesterday’s Euro session had mixed feelings, trading flat against the Dollar and lower versus the Streling and Swiss Franc. Today’s session seems to be a little brighter for the 17 nation European currency as it’s trading stronger against the Dollar above the 1.40 zone.

ECB highly anticipated press Conference shoot Euro upwards

Thursday, 5 May 2011 01:01

UK Services PMI (Purchasing Managers’ Index) came out earlier today with weaker news than expected. April’s Activity Growth fell from March’s 57.1 to 54.3; while expectations cicled around 55.8.

GBP/USD is trading at 1.6482. EUR/GBP is trading just above the 90 cent line at 0.9016.

German retail sales volume for m/m basis falls

Friday, 29 April 2011 12:11

German retail sales volume were released for March with a 2.1% drop, falling for the second month in a row. It.s 2.1% drop for month-on-month basis and 3.5% lower on the year. These values brought Germany to an 11-month low for retail sales.

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.