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  • Euro slips to 1.40- line against Dollar

    by - May 16, 2011
    Eurozone decided that it will help Portugal with a bailout package, which will most likely be approved on Monday, after the eurozone finance ministers accept and agree with Finland's conditions. Portugal's loan sums to a...

  • Swiss Producer Price Index falls by 0.1%

    by - May 13, 2011
    Producer and Import Prices in Switzerland were released with lower than expected results.  0.4% was the figure expected to be released today for Swiss PPI, instead the results came out at 0.3%.  Price of goods and...

  • U.S Dollar gains strength

    by - May 13, 2011
    The U.S Dollar is continuously gaining strength against the euro, as the 17 nation currency is hit by news such as Greece's speculating 60B bailout plan, and Portugal's preparation to receive a bailout package. After...

  • US unemployment rate fell 44,000

    by - May 12, 2011
    The U.S is swimming in news as releases on Retail Sales, Producer Price Index and Jobless claims come out....Read More

  • U.K manufacturing production at 0.2%

    by - May 12, 2011
    U.K Factory Production m/m release for March was weaker than expected as the manufacturing production figures rose by a small 0.2% from 0.0%, rather than rising to 0.3% as forcasted. GBP/USD fell earier in the...

  • Finns agree to back Portuguese bailout plan

    by - May 12, 2011
    S&P might possibly downgrade Portugal from BBB- if the country's banks will not be able to follow capital rules or require a bigger bailout plan. Standard and Poor released this in yesterday's reports....Read More

  • Aussie and Yen fall after news releases

    by - May 12, 2011
    After the news report the Japanese currency weakened contrasting the U.S Dollar and traded at USD/JPY 81.15 from 81.02. The pair is currently trading at 81.06, strengthening the yen slighty from the 13 pip fall. The...

  • BoE boost Sterling

    by - May 11, 2011
    The Bank of England reported some good news, unheard of in a long time; inflation forecasts went up and boosted the GBP/USD breaking its resistance level. ...Read More

  • EUR keeps it between the lines of 1.44

    by - May 11, 2011
    The European currency hit a week low at 1.4253 against the American currency. Analysts are saying that the euro will probably stay at around the 1.45- line unless shaky news such as a rate hike...

  • Greece struggles to escape downward spiral

    by - May 10, 2011
    Headlines has been covered with 'Greece' this past week as news of ridding the Euro and downgrade have been surfacing. In yesterday's announcements Standard and Poor downgraded Greece from BB- to B while Moody's is...
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