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.

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Durable Goods Orders fall in April

Wednesday, 25 May 2011 04:10

US Durable Goods Orders were released with results further less than expected. Core Durable Goods disappointed at -1.5% while expectations were circulating at 0.7. Durable Goods Orders fell by 1.6% more than foracasted, being released at 3.6% in April from the expected 2.0% and previous 4.1%.

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Euro losing strength

Monday, 23 May 2011 05:05

The Euro stripped down to a new two-month low, below the 1.40 zone, hitting 1.3968 earlier today versus the Dollar. Later on through the day, the Euro was trading steadily against the U.S Dollar along the lines of 1.40-41, currently lining in 1.4000.

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U.K meeting minutes vote of keeping interest rates on hold

Wednesday, 18 May 2011 12:36

News just in by the Bank of England, Minutes of the Monaterly Policy Committee meeting voted 6-0-3 to keep interest rates steady on hold for the ongoing month.

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Aussie downgraded by one notch

Wednesday, 18 May 2011 11:55

Moody’s downgrades Australia. Four major banks of Australia were downgraded from Aa1 to Aa2, with the agency also cutting its view on the bank’s subordinated debt to Aa3 from Aa2, as well as the financial strength rating from B to B-. As Moody’s stated the cut downs reflect their view of Australian Banking.

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