For Definition There are more and less popular pairs of exchange in the forex market.Euro Dollar is one of the most important pair..
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Com Bloc Dominates Friday’s Docket, New Zealand Dollar Tops Event Risk Next Week
Published on 2009-03-22 00:22:00
The global economic docket was very light today; but there was still a top market mover for the day: Canadian retail sales. It is hard to forget the massive 5.4 percent drop in the December consumption report last month. After such an aggressive decline, some tempering was inevitable; and that is how the 1.9 percent pick up in January receipts was treated. It was the biggest pickup since July of 2006, with notable increases in auto, food and clothing purchases. Given the trend this data has been
Euro, British Pound Lose Momentum Despite Improved Cooperation On Financial Aid
Published on 2009-03-22 00:18:00
Both the euro and the British pound pulled back through the early morning hours of the US session. However, this retracement wasn’t significant enough to put the massive rallies the two currencies enjoyed over the past two weeks in jeopardy. News out of the region was generally mixed. From the economic docket, the Euro Zone released disappointing industrial production numbers. According to the data, factor output contracted 17.3 percent in the year through January – the most aggressive slump
Foreign Exchange Market Daily Update
Published on 2009-03-22 00:15:00
The US dollar rally seen yesterday and overnight came to an end as European shares rose and US stock market futures dampened the dollar sentiment. The dollar weakening against a basket of currencies was capped after data showed China's exports in February slid 25.7% from a year earlier, while imports dropped 24.1%. These import and export figures from what is considered an economic powerhouse was a timely reminder on the sickly state of global economic growth, or lack there of. Recently, news f
