Category Archives: News
Euro Firms, Though Market Eyes Italian Bond Auction for Direction
The Euro firmed in Asia after a volatile trading session got a boost from rumors that the Chinese government would be buying Italian sovereign debt. Continue reading
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Euro Strikes 10-Year Low against Yen as Crisis Worsens
The worsening situation in the Eurozone sent the common currency on a nosedive against the safe haven Japanese Yen, striking a 10-year low, to fall below key technical levels as well as option barrier. Continue reading
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Euro Gains Little Traction from ECB Announcement
The Euro came off a 2-month low versus the U.S. Dollar in Asian trading on Friday, though the risk of any break below the July low is believed to be on the rise Continue reading
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Ahead of ECB Interest Rate Decision, Euro under Pressure in Asia
The Euro has slipped against the U.S. Dollar in Asian trading today and is facing some headwinds on growing unease that the Eurozone’s efforts to fix the debt crisis are too slow for the markets’ liking.The Euro has slipped against the U.S…. Continue reading
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USD Retreats from Earlier Peaks as Risk Appetite Grows
The U.S. Dollar slipped back from a 2-month high versus major currencies in the Asian session, following a rebound in higher yielding currencies which tracked gains in the equity markets. Continue reading
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Euro Feels Pressure as Investors Consider Italy’s Austerity Package
The common currency Euro struck a 7-week low in Asian trading today as the Eurozone crisis appears to have deepened overnight. The EUR/USD pair is hovering just above a key support level, and if breached, may result in a sharp sell-off. Continue reading
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Euro under Pressure as Risk Aversion Reigns
In Asian trading today, the common currency slipped to a 3-week low against the U.S. Dollar, taking along with it other commodity-linked currencies as renewed worries over the Eurozone’s debt problems and a much weaker than expected U.S. labor da… Continue reading
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Euro Steadies as Markets Prepare for US Non Farm Payroll Report
The Euro took a large hit yesterday following several reports which showed that sentiment among the manufacturing sectors embedded throughout the Eurozone declined last month, suggesting to investors that global growth is slowing more than expected. Continue reading
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Euro Steadies as Markets Prepare for US Non Farm Payroll Report
The Euro took a large hit yesterday following several reports which showed that sentiment among the manufacturing sectors embedded throughout the Eurozone declined last month, suggesting to investors that global growth is slowing more than expected. Continue reading
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Japanese Yen Takes a Broad Tumble, Eases Worries of Intervention
The Japanese Yen tumbled broadly against the U.S. Dollar, assuaging investors’ fears that the Bank of Japan might have to consider yet another intervention into the currency’s rise. Continue reading
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