The leaders of the European Union are finally pushing through serious plans to tackle the debt crisis, and the response in the markets is very positive. EUR/USD is rallying  280 …
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USD/CAD fell to levels last seen at the fall of 2007, long before the financial crisis. Canadian strength got it close to these levels, and the European optimism send it …
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Weekly US unemployment claims rose to 418K, worse than a small rise to 409K that was expected. USD/JPY which dropped prior to the release, extends its falls. Other currencies also …
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British retail sales made a nice comeback. A rise of 0.7% was reported in the UK, more than 0.5% that was expected. This follows a big drop of 1.3% reported …
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Euro/dollar is backing down on its efforts to break higher. The manufacturing sector in the euro-zone is on the verge of contraction: Flash PMI has scored only 50.4 points, hardly …
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GBP/USD moves higher, as there is no imminent danger of a new quantitative easing program. Regarding the rates: 7 members voted in favor of no change, and 2 voted for …
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The ZEWÂ Economic Sentiment for Germany continued its tradition of disappointing. It dropped to -15.1 points, deep in negative territory. Early expectations stood on a drop to only -11.8 points. The …
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Only 8 out of around 90 big European banks failed the stress tests. Early expectations were for about 13 to 15 failures. This positive result sent EUR/USD 20 pips higher, …
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The US Consumer Price Index dropped by 0.2%, more than 0.1% that was expected. On the other hand, Core CPI, which is closely watched by the Fed, surprised with a …
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In his second appearance before lawmakers in Washington, Ben Bernanke had a different tone, than yesterday’s dovish one. He put an emphasis on higher inflation and that it would eventually …
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