U.K. Reports Lower Trade Deficit

U.K. Reports Lower Trade Deficit

David Sumner | 07:30 | 10/04/14
The British Pound put an end to two straight days of advances versus the greenback and fell versus twelve of sixteen Forex counterparts despite reports showing a contraction in the trade deficit. Sterling Dips Despite Trade Deficit The British Pound weakened against ...
Reports Stoke Speculation over BOE Policy

Reports Stoke Speculation over BOE Policy

David Sumner | 07:55 | 09/04/14
The British Pound gained the most in two months against the U.S. Dollar after releases confirmed that U.K. industrial production increased more than economists had predicted, bolstering speculation that the central bank may raise the interest rate. Sterling Rallies Again The British ...
Central Bank May Purchase More ETFs

Central Bank May Purchase More ETFs

David Sumner | 08:59 | 08/04/14
The Euro slipped against the Yen following Thursday’s European Central Bank meeting and comments from bank President Mario Draghi. In Japan, the central bank hinted that it may double ETF purchasing. Kuroda Anticipates More Purchases The Euro declined against the Yen as ...
Optimism Over China Supports Currencies

Optimism Over China Supports Currencies

David Sumner | 07:50 | 07/04/14
Australia’s Dollar climbed to a twenty-week high on Friday as market speculators assessed disappointing U.S. economic reports in order to gauge the speed at which the Federal Reserve will wind down stimulus. Investors Set High Hopes Despite lackluster macroeconomic fundamentals issued on ...
ECB Takes No Action

ECB Takes No Action

David Sumner | 07:45 | 06/04/14
Further discussions without a plan of action by the ECB prompted the Euro to decline slightly against the Yen. The Euro also traded lower against the greenback following the release of employment data and comments from the ECB President. Euro Trades ...
Investors Await U.S. Employment Data

Investors Await U.S. Employment Data

David Sumner | 07:50 | 03/04/14
The U.S. Dollar reached a ten-week high versus the Yen as investors awaited the release of key economic reports in order to gauge the future of U.S. monetary policy. Investors predicted a hike in private sector employment. Greenback Strengthens Ahead Of ...
RBA Opts For The Status Quo

RBA Opts For The Status Quo

David Sumner | 08:25 | 02/04/14
The Australian Dollar climbed versus its U.S. counterpart as the Reserve Bank announced that it would leave the benchmark interest rate unchanged in an effort to bolster further economic growth. Aussie Trades Above 93 U.S. The Australian exchange rate was above 93 ...
Australian Home Sales Climb

Australian Home Sales Climb

David Sumner | 09:25 | 01/04/14
The Aussie was bolstered by positive domestic releases, but dipped as investors awaited the Reserve Bank of Australia’s rate decision. Economists predict that the bank will leave the key cash rate unchanged in light of recent comments. Aussie Dips Versus Greenback Despite ...
China May Take Steps To Bolster Growth

China May Take Steps To Bolster Growth

David Sumner | 09:40 | 31/03/14
Commodity-related currencies advanced to the highest level in five months on signs that China may expand monetary easing, a factor that could increase demand for raw materials. The greenback climbed to a two-week high. China Ready To Stimulate The Economy The currencies ...
Japan Releases Inflation And Growth Data

Japan Releases Inflation And Growth Data

David Sumner | 09:20 | 30/03/14
The Yen gained slightly against the U.S. Dollar after Japan issued its inflation reports, key fundamentals that will help the Bank of Japan decide whether it needs to expand monetary easing in order to obtain its 2 percent inflation target. Yen ...