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Day: February 25, 2014
February 252014
Euro Struggles After European Commission Report
Euro is dropping against the US dollar today, and struggling against other counterparts. The European Commission released a report about the eurozone economy, and the euro’s performance today is at least partially influenced by it. According to the European Commission, the eurozone can expect to lag behind the United States and China for the rest of 2014, and during 2015. Even though there are signs of an improving economy, the eurozone is still struggling, especially in terms of employment. […]
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February 252014
US Dollar Weak Against Other Majors
The US dollar is showing weakness today, heading lower against other majors. Concerns about the US economy are weighing on the greenback, even as some of the fears about the eurozone are allayed. Concerns about upcoming data are weighing on the US dollar today. There are worries about consumer confidence and home prices data will reveal about the economy. While there has been some noise that recent […]
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February 252014
EUR/USD Slides as US Indicators Continue to Disappoint
US economic data continues to come out surprisingly poor, leading to concerns that recovery in the United States is losing momentum. As a result, EUR/USD advanced today. The rally was limited as there were speculations that the data was distorted by bad weather and the actual economic conditions are not that bad. Still, it is expected that the second estimate of gross domestic product, which will be released this […]
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February 252014
Another Week of Weakness for Sterling?
The Great Britain pound for a long time has been one of the top performers on the Forex market, but last week it became a loser. Will the currency continue to lose this week or the last weekâs drop was just a short-lived correction? The most important event for the sterling this week should be the release of Britainâs gross domestic product estimate for the fourth quarter of 2013. It will be the second estimate, and analysts think […]
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