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Outcome of ECB Rate Meeting

March 6, 2014 1:16 pm GMT+0  in Forex Fundamentals and News

At its meeting today in Frankfurt, the Governing Council of the ECB maintained the status quo on interest rates, on the basis of better economic data out of the euro area. Better-than-expected recent data on GDP, rising levels of business confidence and expansions in manufacturing and services in an environment of persistently low inflation probablyRead the Rest…

Euro Hits Two-Week Low Following Draghi Comments

February 8, 2013 11:55 am GMT+0  in Forex Fundamentals and News

The single currency saw a sharp decline against the dollar on Thursday, after ECB President Mario Draghi commented on the effects the euro’s recent gains will have on the economy. Mr Draghi stated that its increase may affect the region’s recovery in slowing inflation and growth as well as demand for Eurozone assets. The otherRead the Rest…

Commodity Currencies Losing Direction Amidst Uncertain Economic Outlook And Psychological Pressure

January 23, 2013 7:13 am GMT+0  in Forex Fundamentals and News

Commodity currencies has been seeing a directionless volatile moves against the U.S. dollar. AUD/USD has tried twice to touch the psychological 1.0600 level since yesterday but failed miserably. First time it had gone as high as 1.0578 and then after a drop to 1.0549 it again recovered but failed strongly at 1.0574 and fell sharplyRead the Rest…

EUR/USD – Mid-Term Outlook

September 14, 2012 12:50 am GMT+0  in Forex Fundamentals and News

Mid-Term Outlook of EUR/USD Federal Reserve announced buying of Mortgage Securities in yesterday’s policy meeting. This 3rd round of bonds buying is another effort for the quantitative easing to help the job market and hence the economy of U.S. Though yesterday’s report of “Continuing jobless claims” was better than expected but the Initial Jobless Claims” increasedRead the Rest…

EUR/USD Outlook – September 13, 2012

September 13, 2012 6:08 am GMT+0  in Forex Analysis

EUR/USD has been moving in very narrow ranges even though the movement is showing signs of bullishness. The factors which are keeping the move in check are: 1) Psychological resistance of approaching 1.3000 ranges: Since May 8th, 2012 the pair has been trading below this and even had dropped as low as 1.2042. 2) QuestionsRead the Rest…

Forex Markets Looking for Direction – Where Do We Sell the Pound?

August 15, 2012 7:32 am GMT+0  in Forex Analysis

The euro got an early-morning boost when the German GDP Season Adjusted (Q/Q) came in a tick better than expected at a positive 0.3%.  Most of the other German numbers were negative but the market did not want to focus on the negative. Looking at all of Europe, Industrial Production fell 0.6% and the economyRead the Rest…