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Bullard’s Remarks Impact The Market
David Sumner | 07:45 | 22/05/13 - The U.S. Dollar weakened against the Euro as the President of the Federal Reserve Bank of St. Louis, James Bullard, suggested that policy makers ought to continue with the asset purchasing program in order to bolster economic growth. His comments ...
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Yen Rebounds On Japanese Economy Minister’s Concerns
David Sumner | 07:40 | 21/05/13 - The Yen rebounded after having reached the lowest price since 2008 and made the biggest gains in three weeks after Japan’s Economy Minister, Akira Amari, suggested that further currency declines would probably have a negative impact on the economy. The ...
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Pound Drops On Fed Speculation
David Sumner | 10:15 | 20/05/13 - The British Pound extended losses for a second consecutive week against the U.S. Dollar as foreign exchange market investors speculated on whether the Federal Reserve was close to putting an early end to the asset-purchasing program. The Sterling declined to ...
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Consumer Sentiment Changes Outlook
David Sumner | 08:20 | 19/05/13 - The U.S. Dollar rallied on Friday against all of its trading peers after economic calendar reports showed that U.S. Consumer Sentiment climbed in May while the index of leading indicators rose during the previous month. This prompted speculation the Federal ...
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Euro Drops On Regional Contraction
David Sumner | 07:40 | 16/05/13 - The Euro currency slumped to a six-week low versus the U.S. Dollar after reports indicated that the Euro region’s economy contracted while Germany’s economic growth lost momentum. According to official data, gross domestic product shrank 0.2% in the last quarter, ...
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U.S. Retail Sales Post Increase
David Sumner | 09:10 | 14/05/13 - The U.S. Dollar rose against the majority of its online Forex trading peers following the release of economic reports which showed that retail sales in the world’s biggest economy climbed 0.1% during the month of April. The greenback strengthened further ...
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G-7 Focuses On Japan’s Recovery
David Sumner | 08:19 | 13/05/13 - Central bankers and Finance Ministers from seven key nations gathered in Aylesbury, outside of London, for the G-7 summit during which time financial chiefs addressed Japan’s recovery measures and stated that they would accept a depreciation of the Yen at ...
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Yen Falls Beyond 101 Per U.S Dollar
David Sumner | 07:50 | 12/05/13 - The Yen traded below 101 per U.S. Dollar for the first time in 4 years following the release of government reports which revealed that Japanese investors increased their holdings in overseas assets as they believe the U.S. economy is gaining ...
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E.U.’s Biggest Economy Shows Improvement
David Sumner | 07:40 | 09/05/13 - The Euro rose the most in three weeks against the U.S. Dollar after Germany, the region’s biggest economy, reported that industrial output climbed for a second month in March, suggesting the country’s economy was gaining momentum. According to official releases, ...
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Euro Economy May Face Challenges
David Sumner | 12:25 | 08/05/13 - The Euro pared gains versus the U.S. Dollar as Forex market investors grew concerned over the fact that the Euro-zone’s economy may have a tough time expanding. This took place one day after the European Central Bank’s President, Mario Draghi, ...