Tag Archive
The Euro Strikes Back – US-FOREX.US
The euro-zone has hit back at the dollar’s recent gains with the out-of-left-field announcement that its economy barely contracted between April and June.On Thursday the 16-member euro zone reported its gross domestic product fell by only 0.1% during the second quarter, a significant improvement from the 2.5% drop it recorded in the first. The news… »
Euro Losing Friends – US-FOREX.US
The Euro is losing its friends, said Andrew Wilkinson, a senior market analyst at Interactive Brokers Group, and could fall as low as 1.33 by the end of the summer.The argument for the euro has centered on the Eurozone’s tempered measures in stimulating its economy, at least compared Britain and the United States. Many on… »
Dollars Long-Term Troubles – US-FOREX.US
The economy is improving, but Jessica Hoversen, a foreign exchange and fixed-income futures analyst at MF Global, warns that the currency market may have already overextended itself in the short term, while long-term trends endanger the U.S. dollar.Hoversen looked at the ISM and nonfarm payroll numbers during economic downturns. Following historical trends found that the… »
Good News Dollar Down – US-FOREX.US
Investors pulled their money out of the safe-haven dollar and bought some commodities Monday, as the market’s capricious compass pointed in an optimistic direction.Kevin Chau, a foreign exchange strategist at IDEAglobal, said the potential survival of CIT Group aided the atmosphere. The greenback fell against a basket of currencies, as traders were exchanged euros for… »
How Much Bang For Your Buck – US-FOREX.US
Renewed economic pessimism fueled gains for the dollar and yen on Monday, but the greenback’s supremacy is still being questioned.”The U.S. dollar and yen have been absolutely soaring against the euro and Sterling since trading resumed [Sunday],” said Dan Cook, chief market analyst at IG Markets, a European-based Forex and foreign exchange derivatives trading outfit…. »