China Publishes Surprising Data

China Publishes Surprising Data

David Sumner | 09:45 | 13/02/14
The Aussie advanced versus the U.S. Dollar as economic reports out of China set investors at ease, as they signaled that the world’s second biggest economy may not have slowed down. China announced a hike in exports and imports. Markets Set ...
Euro Extends Rally Ahead Of Yellen Comments

Euro Extends Rally Ahead Of Yellen Comments

David Sumner | 09:19 | 12/02/14
The Euro advanced against the U.S. Dollar as the markets awaited comments from Janet Yellen, the new Fed Chairperson, on the U.S. economic outlook. Mrs. Yellen is expected to offer clues on the future of U.S. policy. All Eyes On New ...
Italy And France Publish Weak Data

Italy And France Publish Weak Data

David Sumner | 08:50 | 11/02/14
The Yen rallied for the first time in almost a week against the U.S. Dollar and the Euro as disappointing non-farm payroll reports issued on Friday continued to weigh on the greenback, and as a drop for the E.U.’s industrial ...
Markets Speculate On BOE’s Next Move

Markets Speculate On BOE’s Next Move

David Sumner | 09:10 | 10/02/14
The British Pound depreciated versus the U.S. currency after economic release out of the U.K. signaling that the manufacturing and services sectors both sustained a drop in activity, which bolstered speculation that the Bank of England will keep interest rates ...
U.K. Shows Steady Growth

U.K. Shows Steady Growth

David Sumner | 09:20 | 09/02/14
The British Pound rallied after the U.S. Issued less than stellar economic reports indicating that its economy may have slowed down while suggesting that the Federal Reserve may slow tapering. The U.K. reported a hike in manufacturing production. Manufacturing Denotes Growth The ...
Speculators Await RBA Report

Speculators Await RBA Report

David Sumner | 09:20 | 06/02/14
The Australian Dollar extended losses after having gained the most in eight months as investors await the Reserve Bank’s quarterly report. For now, the RBA has indicated that its intentions to take a neutral stance by leaving the key cash ...
Aussie Central Bank Announces Changes

Aussie Central Bank Announces Changes

David Sumner | 10:30 | 05/02/14
The Australian Dollar rose against its U.S. counterpart after the Reserve Bank announced that it would move away from easing as the inflation gauge posted an increase. The RBA opted for leaving the interest rate unchanged. RBA Leaves Rate Unchanged The Reserve ...
Bernanke Comments Benefit Aussie Economy

Bernanke Comments Benefit Aussie Economy

David Sumner | 11:50 | 04/02/14
Comments by Fed Chairman Ben Bernanke benefitted the Aussie economy by prompting the currency’s decline. RBA Governor Glenn Stevens is delighted that the central bank did not have to opt for reducing the interest rate. Australian Dollar Drops While in the U.S. ...
Markets Satisfied With U.S. Sentiment Gauge

Markets Satisfied With U.S. Sentiment Gauge

David Sumner | 10:05 | 03/02/14
The greenback extended gains as market traders were satisfied with U.S. consumer sentiment figures which posted better than expected, and as the turmoil in the emerging markets, which contributed to the sell-off of several currencies, boosted demand for safe havens. Greenback ...
U.S. Household Spending Beats Forecasts

U.S. Household Spending Beats Forecasts

David Sumner | 13:04 | 02/02/14
The U.S. Dollar headed for the biggest rally in five years as reports on consumer spending posted better than anticipated, signaling that the world’s biggest economy is indeed expanding. Household spending is a key part of the overall economy. Greenback Headed ...