Market News

Forex Market Review - November 5, 2014

2014-11-05 12:22:12

The Euro is trading at 1.2489 at present. The low has been 1.2474 while the high has been 1.2567. The US Dollar continues to gain versus the Euro after the release of European data and the results of the mid-term elections in the US. European Retail Sales was -1.3% while... more

Dollar Rally Ends After Weak US Data

2014-11-04 21:06:56

Recent dollar rally eased today as the greenback weakened against most of its peers following lackluster figures released on US factory orders and US trade balance. US factory orders dropped for the 2nd month in a row in September by 0.6% which diminished positive outlook on the speed of US... more

Forex Market Review - November 4, 2014

2014-11-04 13:59:58

The Euro is trading at 1.2516 at present. The low has been 1.2480 while the high has been 1.2531. Earlier this morning, European PPI was released. The number posted was an increase of 0.2% which was better than expectations. Earlier in the morning Spain released its Unemployment Change which was... more

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