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Day: May 15, 2008
May 152008
Dollar Steady During a Wave of Macroeconomical Releases
USD recovered from its daily minimums against euro after the important fundamental reports were released today in U.S. EUR/USD has been trading with 70 pip gain today, but currently its trading near its open rate. Only net foreign purchases and Philadelphia Fed index showed some positive developments for the U.S. economy, while other releases were of a very little help […]
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May 152008
Kiwi Falls Deeper on Bad Retail Sales
The New Zealands currency continued its extremely fast drop against the other major currencies today after the retail sales report was released yesterday at 22:45 GMT. It was a third day of a bearish trend for the New Zealand dollar (at least against the U.S. dollar) as it continued the fall thats lasting from mid March 2008 when kiwi (a nickname for NZD) reached its historical maximum against […]
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May 152008
Euro Stronger on German GDP
The United Europes currency gained a new strength on the Forex market today after the German quarterly GDP data was released and the investors got more confidence in the ECBs hawkish stance. According to a report that was released today at 6:00 GMT the Germanys gross domestic product gained 1.5% in a quarter-to-quarter comparison in the first quarter of 2008 a strongest growth for the GDP indicator since 1996. This […]
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