Major Pairs Retrace The Dollar’s Moves During The U.S. Session
Major Pairs Retrace The Dollar’s Moves During The U.S. Session
Overall, the dollar strengthened during the European session, as the S&P futures moved lower, towards the 930.00 support area. While the S&P futures managed to find a bottom somewhere near the U.S. open, the major currencies started to retrace most of the declines seen earlier in […]
USD Continues To Buckle
USD Continues To Buckle
U.S. Dollar Trading (USD) felt more pressure as investors continued to pressure the Dollar on the back of more rumblings from Asian disquiet with US debt. Pending Home sales kept the mood in the market positive with April up 6.7% vs. 0.5% forecast. US stocks manages a third day of gains. Crude […]
Q1 GDP decline worst since 1991
Canada suffered its largest quarterly drop in GDP in 18 years, according to figures released Monday.
Statistics Canada said the gross domestic product — essentially the country’s income — fell by 1.4 per cent for the first three months of 2009 as companies stopped spending on new equipment because of the global recession.
That means that the […]