Market News

Solid US Manufacturing PMI Sends Dollar To New 4 Year Highs

2014-11-03 21:05:18

The dollar strengthened to new 4 year highs against its peers today following the release of solid US manufacturing data which intensified positive outlook regarding the health of US economic recovery. The manufacturing purchasing managers' index climbed to 59.0 in October from 56.6 in September while pundits had forecast a... more

Forex Market Review - November 3, 2014

2014-11-03 13:30:45

The Euro is trading at 1.2495 at present. The low has been 1.2437 while the high has been 1.2514. The Euro has rebounded off of its lows of the day to trade at these levels which is just off of the high. Economic data released in Europe this morning was... more

Forex Market Review - October 31, 2014

2014-10-31 12:11:18

The Euro is currently trading at 1.2565. The low has been 1.2540 while the high has been 1.2616. There has been an assortment of European data out this morning. The most recent was the European Unemployment Rate which met expectations to remain at 11.5%. CPI Flash Estimate was as expected... more

Dollar Gains Ground On Strong US Growth Data

2014-10-30 20:47:28

The dollar strengthened against most of its peers today following the release of US GDP figures which were better than forecasts and with the Fed ending its bond buying program adding to market consensus that it will increase rates in 2015. 3rd quarter GDP increased at an annual rate of... more