EUR/USD Rises on Better Business Climate
Germany’s Ifo institute provided a nice figure: business climate rose from 114.2 to 114.5, beating expectations for a drop to 113.6. Euro/dollar, that was falling before the release, is now …
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EUR/USD Continues Lower on Weak US Jobless Claims
US jobless claims disappointed and rose to 429K, higher than around 415K that was expected. This just extends the losses of EUR/USD, that is quickly approaching a lower support line. …
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Ben Bernanke Plays Down QE3 – Dollar Stronger
The Big Ben met the press once again. He played down the chances of QE3, comparing the same period last year and saying that the situation improved. Euro dollar is …
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EUR/USD Falls With A Gap As Greek Deal About to Collapse
Eurodollar started the week lower than it closed on Friday, as there are worries about the Greek deal, among other signs. Update on everything that happened in a very busy …
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Greek Referendum on Reforms? Another Complication in the Crisis
Greece’s Prime Minister, George Papandreou, announced in the Greek parliament that he will hold a referendum about the structural reforms during the autumn. This promise of a referendum goes to appease the …
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USD/JPY Rises on Positive US Figures
A big bulk of US figures, led by jobless claims that dropped to 414K, push USD/JPY higher. In other pairs, the dollar also gains, but these rises are limited, as …
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GBP/USD Resumes Falls On Plunging Retail Sales
The volume of retail sales in Britain fell by 1.4% in May – quite a plunge. Early expectations stood on a drop of 0.5%. GBP/USD is now falling to support. …
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EUR/USD Loses Support As There’s No Light at the End
EUR/USD lost another line of support after a pause. This comes as talks on Greece are deep in the mud. In addition, protests are raging in Athens, and Greek prime …
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GBP/USD Drops on Another Disappointment in Jobless Claims
The number of unemployed people in Britain jumped once again at a high rate of 18.6K, much more than 7.1K that was expected. This third consecutive rise and third disappointment …
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GBP/USD Rally Stops on Weaker Inflation
GBP/USD is halting after some inflation figures for May fell short of early expectations. Headline CPI printed an annual rise of 4.5%, exactly as expected, but Core CPI and the …
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