Day: May 9, 2012

May 9
2012

Retails Sales Drift Down, Sterling Follows

The Great Britain pound fell today after a report showed that UK retail sale declined. The negative data ahead of the policy meeting makes market participants question what actions the central bank will take. British Retail Consortium reported that retail sales were down 3.3 percent in April from a year ago. In March, an increase by 1.3 percent was registered. The United Kingdom face a double-dip recession and various […]

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May 9
2012

Greece, Spain Weigh on Euro

Euro is down across the board today, falling as concerns about what is happening in the eurozone weigh on financial markets around the world. The financial and political turmoil in the eurozone are causing trouble, and the euro is below the 1.30 level against the US dollar as a result. Thanks to the political turmoil in the eurozone, financial markets are in upheaval today. While the eurozone will take some getting used to Francois Hollande, the new French president, […]

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May 9
2012

Japanese Yen Strengthens on Risk Aversion

Risk aversion is rising right now, and the Japanese yen is gaining across the board because of it. Concerns about Europe continue to dominate the markets, and Forex traders are looking for stability and safe haven. The Japanese yen offers that, and is quite popular right now. The biggest concern right now is Greece. Right now, the party Syriza is trying to form a government, but that party (known for its […]

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May 9
2012

EUR/USD Falls for Second Day on Political Uncertainty in Greece

EUR/USD dropped for the second session today as Greek political parties failed to reach an agreement and form a government after the weekend’s election. It looks like the Hellenic Republic may become a main source of fears for traders yet again. US consumers borrowed more than was estimated by analysts, signaling that the economy of the United States remains in good shape even after the poor employment growth. US crude oil inventories increased […]

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May 9
2012

Taiwan Dollar Fluctuates, Will Central Bank Allow Currency Appreciate?

The Taiwan dollar fluctuated today as the impact of the general negative sentiment on the Forex market battled with the influence of speculation that the nation’s central bank will allow the currency appreciate. Analysts speculate that Taiwan’s central bank will tolerate gains of the currency to stem growth of inflation even as the strong currency puts pressure on exporters. Inflation accelerated to 1.44 percent in April from a year ago after consumer prices increased 1.25 percent […]

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