Fed Likely To Prolong Stimulus

Fed Likely To Prolong Stimulus

David Sumner | 10:50 | 19/11/13
The U.S. Dollar continued its decline against most Forex majors before several Federal Reserve members were scheduled to speak on Monday. Analysts anticipate that the greenback will depreciate further on speculation that the Fed won’t reduce stimulus. Dollar Declines After Yellen ...
Deadline To Reach Accord Nears

Deadline To Reach Accord Nears

David Sumner | 09:00 | 18/11/13
The Euro rallied on Friday, despite disagreements between the region’s Finance Ministers on the issue of a bank-failure program. Data showed that the economy has cooled; gross domestic product expanded 0.1 percent, despite a call for 0.2 percent growth. Euro Gains ...
U.S. Senate Conducts Hearing

U.S. Senate Conducts Hearing

David Sumner | 09:19 | 17/11/13
The U.S. Dollar strengthened against most of its counterparts as demand for risk assets began to decline following the Senate Confirmation Hearings during which nominee Janet Yellen spoke in favor of Fed stimulus, calling it “imperative.” U.S. Dollar Gains Risk appetite dipped ...
Fed Tapering Likely To Happen Soon

Fed Tapering Likely To Happen Soon

David Sumner | 09:50 | 14/11/13
Investors await the end of the Federal Reserve’s monetary easing program, causing the U.S. Dollar to rally versus most of the currency majors. Appeal for the greenback was high on speculation that the central bank may cut back on stimulus. Dollar ...
NAB Reports Impact Aussie

NAB Reports Impact Aussie

David Sumner | 09:45 | 13/11/13
The Australian Dollar depreciated following news from the National Bank of Australia which revealed that business confidence dipped in the month of October and remained unchanged for the previous month. Businesses may still look to expand. Report Denotes Businesses May Expand The ...
Euro Declined Too Fast

Euro Declined Too Fast

David Sumner | 09:30 | 12/11/13
The Euro climbed versus the greenback for the first time in three days on speculation that positive data issued over the past few days may prompt the Federal Reserve to cut back on stimulus, and on predictions that the Euro’s ...
Greenback Hovers Near Two-Month Highs

Greenback Hovers Near Two-Month Highs

David Sumner | 10:24 | 11/11/13
Speculation that the Federal Reserve may begin scaling back on asset purchases were reignited once again after Friday’s reports out of the U.S. indicated that employers added more payrolls that forecast in the month of October. U.S. Dollar Strengthens The U.S. Dollar ...
China Sustains A Trade Surplus

China Sustains A Trade Surplus

David Sumner | 08:55 | 10/11/13
The Australian Dollar was just one of the currencies that benefitted from China’s economic reports, which showed that both Chinese exports and imports increased in October, resulting in a trade surplus. The Aussie extended its gains. Aussie Dollar Strengthens The Australian currency ...
Data Confirms U.K. Economy On The Mend

Data Confirms U.K. Economy On The Mend

David Sumner | 10:15 | 07/11/13
The British Pound rose for a third consecutive day against its U.S. counterpart as data out of the U.K. surprised speculators and denoted that the British economy remains on the course to recovery. Metrics on Industrial Output exceeded forecasts. Industrial Production ...
Euro-Zone Lowers Growth Forecast

Euro-Zone Lowers Growth Forecast

David Sumner | 09:20 | 06/11/13
Demand for safety increased in the markets after the Euro region reduced its growth forecast. This prompted the Yen to rally versus the shared currency. The Yen also gained against the majors on speculation that the ECB may add stimulus. Yen ...
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