Tensions In Iraq Weigh On Market Sentiment

Tensions In Iraq Weigh On Market Sentiment

David Sumner | 09:30 | 16/06/14
Australia’s Dollar depreciated after having reached the highest rate in nine months against the greenback, as mounting tensions in Iraq turned market sentiment risk-adverse. A reduction in oil supplies prompted speculators to seek safe havens. Aussie Falls From Previous Highs In FX ...
Carney’s Comments Bolster Pound

Carney’s Comments Bolster Pound

David Sumner | 08:10 | 15/06/14
Comments by the Bank of England’s Governor, Mark Carney, prompted the British Pound to rally to the highest rate in 19 months versus the Euro. Mr. Carney suggested that a hike in the interest rate could come about sooner than ...
BOJ And ECB Policies Diverge

BOJ And ECB Policies Diverge

David Sumner | 07:50 | 12/06/14
 The Yen advanced against the Euro for a fourth consecutive day on speculation that the Bank of Japan may not decide to add stimulus during this month’s policy meeting, diverging from the E.U.’s central bank which unveiled a series of ...
British Economy Shows Signs Of Strength

British Economy Shows Signs Of Strength

David Sumner | 08:45 | 11/06/14
The British Pound appreciated for the fifth consecutive day against the Euro following economic releases which showed that industrial production went up at the quickest pace in three years, denoting that the U.K. economy is strong. Euro Economy Dips With the release ...
China Reports Surplus Due To Exports

China Reports Surplus Due To Exports

David Sumner | 07:50 | 10/06/14
The Yen depreciated during the early Tokyo market session as investors awaited Japanese growth data, a key economic report which could weigh on the Bank of Japan ‘s decision when it meets this week. China posted a surplus. Yen Declines The Yen ...
Aussie Poised To Climb On ECB Decision

Aussie Poised To Climb On ECB Decision

David Sumner | 10:30 | 09/06/14
The Australian Dollar advanced steadily throughout last week following the RBA’s decision to keep the interest rate and monetary policy unchanged. Analysts predict that the Aussie could rally further upon the ECB’s recent announcement. Australian Dollar Rallies After ECB Announcement The Australian ...
U.S. Employers Hired Fewer Workers In May

U.S. Employers Hired Fewer Workers In May

David Sumner | 09:10 | 08/06/14
The greenback traded to the downside against the majority of its peers after non-farm payroll reports showed that employers added fewer jobs than predicted in May, though the rate of unemployment was unchanged, a factor that surprised investors. Dollar Remains Steady The ...
U.K. Reports Slowed Down For Service Sector

U.K. Reports Slowed Down For Service Sector

David Sumner | 11:10 | 05/06/14
The British Pound pared losses versus the greenback on news confirming that the U.K. service sector lost momentum, though less than expected. Meanwhile, market traders anxiously awaited employment data out of the U.S. Pound Drops On Lost Momentum According to the Markit ...
Greenback Up Before ISM Report

Greenback Up Before ISM Report

David Sumner | 09:20 | 03/06/14
The U.S. Dollar rebounded ahead of the announcement of an important economic report slated to show that U.S. manufacturing activity rose at the quickest rate this year, while the Euro-Zone’s economy appears to be slowing down. Greenback Rebounds On Monday The U.S. ...
Little Doubt About ECB Actions

Little Doubt About ECB Actions

David Sumner | 08:45 | 02/06/14
The Euro depreciated the most since the start of the year as investors raised speculation that the ECB will proceed with expanding stimulus to prevent the economy from being negatively impacted by low levels of inflation. Euro Loses Momentum The Euro depreciated ...