Yearly Archives: 2012

Asian stocks headed for a 3 month high on Tuesday as investors await this week’s US housing and durable goods reports, both of which are expected to show that the country’s economic status is gradually improving. Continue reading →

The Euro gained 0.4 percent last week, hitting $1.2334, and there are strong positive signs that the common currency will continue gaining over the next few months. Continue reading →

Speaking from Canada on Thursday after a brief summer vacation, German Chancellor Angela Merkel reconfirmed her intention to work towards the preservation of the euro no matter what the cost. Continue reading →

The US dollar hit a one-month high against the Japanese yen during Thursday’s Asian session, rising to 79.15, as investors anticipate the slowing of the Fed’s economic stimulus plans, a forecast which comes in advance of Thursday’s US building and housing report. Continue reading →

According to statistics published on Tuesday, economic activity in the European Union declined at an annualized rate of 0.7 percent in the second quarter of this year, following a similarly brutal first quarter. Continue reading →