Showing posts with label us. Show all posts
Showing posts with label us. Show all posts
Thursday, October 7, 2010
Forex News Daily Video Recap: Euro Stumbles on Ireland, ECB Bond Buying
The main theme today was Euro weakness as there was more worrisome news regarding Ireland and it was revealed that the ECB bought a large amount of bonds last week. The EUR/USD slid from its highs near 1.38. The USD was a bit stronger as US stocks slid, despite some positive US fundamentals in the form of a decent pending home sales report and good levels of capital purchases by US companies in August.
News Provided by CMS Forex
http://www.cmsforex.com
Forex Market Analyst: Nick Nasad
Wednesday, October 6, 2010
Forex News Daily Recap: EUR, AUD, JPY Continue Their Rallies vs USD
The US Dollar kept up its weakness, on the back of expectations that the Fed will move to buy more asset purchases and is amping liquidity of Dollar, helping to lower the currency's value. The Euro, Australian Dollar and Japanese Yen took advantage. The Pound was pressured by some weak data and the Canadian Dollar also underperformed.
News Provided by CMS Forex
http://www.cmsforex.com
Forex Market Analyst: Nick Nasad
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