Category Archives: News

The Euro slipped versus the U.S. Dollar during the Asian trading session earlier, but holds close to a 4-month peak as traders speculate that Friday’s dismal labor report out of the U.S. will finally prompt the Federal Reserve to launch additional stimulus measures. Continue reading →

The Euro continues to hold close to a 2-month peak versus the greenback on investor euphoria driven by the ECB’s plan to face the Eurozone debt crisis head on. Continue reading →

The common currency Euro held near to a 2-month high against the U.S. Dollar during the Asian trading session as Wednesday’s rally continues to broadcast investor hopes that the ECB might have a new weapon against the Eurozone debt crisis. Continue reading →

As the European Central Bank prepares to meet later today, the common currency Euro slipped versus the greenback during the Asian trading session though underlying support should keep the EUR/USD pair within a relatively tight trading band. Continue reading →

Two days before a critical ECB meeting that is expected to reveal how the European Central Bank plans to help its struggling members, the Euro started climbing. The gains remained stable during Tuesday’s Asian session. Continue reading →

The U.S. Markets are closed today for the Labor Day holiday. The Japanese yen rose against the Australian Dollar to 80.12, New Zealand Dollar to 62.60, and the Euro dropped to 1.2575. Continue reading →

Reports from the US on Thursday indicated that US consumer spending rose significantly in the past two months, hitting the highest point in the last five months. Continue reading →

Asian shares hit a one-month low during Thursday’s Asian session as investors brace themselves for the highly-anticipated remarks of Federal Reserve Chairman Ben Bernanke who will be addressing the Fed Summit in Jackson Hole, Wyoming on Friday. Continue reading →

The G-7 countries, long recognized for being the world’s leading industrialized economies, pleaded on Tuesday for a greater oil output from the largest oil-producing countries. Continue reading →

The last week of August started off with volatility on Monday as German reports confirmed the country’s weakest business confidence index since 2010. Continue reading →