Australia May Reduce Deficit

Australia May Reduce Deficit

David Sumner | 11:34 | 15/05/14
Australia’s currency rose to the highest level in one month against the U.S. Dollar following the release of the annual budget by the Australian Treasury. The Aussie was supported by Joe Hockey’s suggestions on how to reduce the deficit. Aussie Dollar ...
Euro-Zone Expanded Sanctions List

Euro-Zone Expanded Sanctions List

David Sumner | 12:10 | 14/05/14
The Yen depreciated for the third day in a row against the greenback on signs that the crisis between Russian and the Ukraine could be subsiding, and as gains in equities reduced demand for harbor assets. No Need For Safety While it ...
Euro Dips On Stimulus Talk

Euro Dips On Stimulus Talk

David Sumner | 08:55 | 13/05/14
The Euro continued to trade close to a four-week low against the U.S. Dollar on forecasts that the Euro may continue to depreciate on speculation that the European Central Bank could boost stimulus in the coming month. Euro Hovers Near 4-week ...
Aussie Shrugs Off Chinese Data

Aussie Shrugs Off Chinese Data

David Sumner | 11:00 | 12/05/14
The Australian Dollar gathered momentum over the past week subsequent to solid economic reports that supported the Aussie’s climb, and despite releases out of China which had only a small impact on the currency. Australian Dollar Climbs On Data Australia’s Dollar strengthened ...
Draghi “Talks Down” Euro

Draghi “Talks Down” Euro

David Sumner | 12:35 | 11/05/14
The Euro slumped following comments by the European Central Bank’s President, in which he indicted that policy makers could boost stimulus by June. His comments prompted the Euro to drop after almost reaching $1.4000. Euro Weakens Against Greenback The Euro retreated from ...
China Faces New Challenges

China Faces New Challenges

David Sumner | 09:35 | 08/05/14
The Yen rallied to the highest price in three weeks versus the U.S. Dollar after Asia’s MSCI Index dropped the most since March as China reported slower expansion for the services sector, and the U.S. suggested the Ukraine proceed with ...
Spain Announces Positive Data

Spain Announces Positive Data

David Sumner | 08:55 | 07/05/14
Positive news out of the Euro region bolstered the Euro against the U.S. Dollar. Reports showed that Spain’s unemployment dropped more in April than economists anticipated, while the services sector expanded.   Euro Bolstered By News   The Euro rallied to the highest level ...
ECB May Hold Off On Stimulus

ECB May Hold Off On Stimulus

David Sumner | 09:25 | 05/05/14
The Euro gained versus its U.S. counterpart following news indicating that consumer prices rose, reducing the possibility that the European Central Bank could implement stimulus for now. Euro Rallied On Friday The Euro traded mixed but concluded the week on a high ...
Failed Pfizer Takeover Weighs On Sterling

Failed Pfizer Takeover Weighs On Sterling

David Sumner | 07:45 | 04/05/14
The Pound declined versus the greenback for the first time in over a week following news that the level of construction activities in the U.K. dropped. U.K. Construction Posts Drop The British Pound weakened against the U.S. Dollar and fell versus the ...
British Consumer Confidence Up

British Consumer Confidence Up

David Sumner | 08:40 | 01/05/14
The British currency was poised for a four-week advance versus the greenback after reports indicated that the U.K. posted the highest level of consumer confidence in close to seven years. This supported evidence the economy is still improving. Sterling Climbs On ...