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Day: September 28, 2011
September 282011
UK Pound Mixed in Forex Trading
Earlier today, the UK pound was falling in Forex trading. A drop by the FTSE 100, as well as concerns about bank capitalization, were among the factors causing losses for the sterling. Now, though, things have turned around a bit — at least against some currencies. Concerns about the eurozone had been weighing on the sterling against the US dollar, but new prospects for stability in the euro region are helping the situation. The Bank of England […]
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September 282011
Durable Goods Orders Report Helps USD Against EUR
While EUR/USD is still above today’s open level it is significantly below today’s high level. One of the reasons that helped the dollar to rise against the euro is the macroeconomic report regarding the durable goods purchases. Durable goods orders decreased slower than expected in August — they were down by 0.1% compared to -0.2% forecast. July growth was revised from 4.0% to 4.1%. (Event A on the chart.) Crude […]
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September 282011
Euro Continues Its 4-Day Rally on New Prospects for Stability
The euro is rising for the fourth day in a row on the Forex market today, following the successful pass of the anti-crisis vote in Greece, “stability bonds” talks in eurozone and a possible revival of the corporate bond market in Europe. Lately, the single European currency is a major headliner of the Forex market news, as the European debt problems are a major headliner of the financial news nowadays. The euro is currently demonstrating its fourth day of growth in a row against the US […]
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