Euro Gives Up Earlier Gains, Yen Down on Trade Data, Pound Pressured
Euro Gives Up Earlier Gains, Yen Down on Trade Data, Pound Pressured
JPN Trade Balance Shows Record Fall for Exports
Exports were down 26.7% compared to a year earlier, which was the worst year-over-year change on record. The export sector is being pressured by collapsing demand for Japanese cars and electronics as consumers in America and even […]
Euro Correction
Euro Correction
The Euro will remain vulnerable to a further correction following substantial gains over the past two weeks, but the dollar is not well placed to capitalise
Euro gains accelerated to a peak above 1.47 on Thursday in a day of very high volatility. The Euro then dipped sharply to lows around 1.42 later in the […]
EURO Lifted On Strong Commodities
EURO Lifted On Strong Commodities
U.S. Dollar Trading (USD) lost ground against most of the majors as commodities rebounded and the market gained a hint of optimism. US October Whole Sale Inventories dropped 1.1% as lower petrol costs filtered through the economy. Helping the markets mood was the hope that US Auto bailout was in its […]