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Euro advances ahead of ECB tender »
The European common currency gained against majors ahead of the ECB offering to loans to banks at 1.00% only after the expiry of the 12-month tender today which alleviated concerns that banks will face trouble in paying debt to the ECB.
European banks have to repay 442 billion euros this month, but the ECB mentioned yesterday [...]
USD strength determines market direction ahead of EU meeting »
Thu, Mar 25 2010, 08:54 GMT
The S&P 500 Index dropped 0.6% to 1,167.72 yesterday, its first decline in three days while the DJIA lost 52.68 points, or 0.5%, to 10,836.15 on concern government deficits will hamper a global recovery as Fitch cut Portugal’s credit rating and a UBS economist said Greece will [...]
Stocks advance, dollar steady ahead of Fed »
Stocks advance, dollar steady ahead of Fed
(Reuters) – World stocks climbed on Tuesday while the dollar was corralled as investors bet the U.S. central bank will repeat its vow of keeping interest rates low for an extended period after its monthly meeting.
The Federal Reserve is expected to leave benchmark rates near zero given [...]
USD mixed ahead of Bernanke, China tightens »
USD mixed ahead of Bernanke, China tightens
Wed, Feb 24 2010, 14:39 GMT
The USD is trading mixed ahead of today’s testimony by Fed Chairman Bernanke before Congress with the commodity currencies pressured by report that China told its banks to restrict new lending to local governments, the EUR rebounded supported by report [...]
Majors consolidating ahead of the euro zone’s GDP »
Fri, Feb 12 2010, 07:02 GMT
by ecPulse.com analysis team
The euro and the pound are consolidating against the green currency ahead of the euro zone’s GDP that is on queue today with forecasts saying economic growth slowed in the fourth quarter of last year. The USDIX slightly gained in today’s Asian session [...]
Stocks, euro firmer ahead of EU Greek debate (Reuters) »
at a summit in Brussels.
are expected to take the lead in sending a message that the EU will help Greece tackle its debt and deficit problems. But the structure, size and any conditions attached to a deal may not be worked out until next week.
Concerns over the debt crisis in Greece and other [...]
Currencies ahead of central banks rate decisions »
Thu, Feb 4 2010, 11:59 GMT
by ecPulse.com analysis team
The dollar is gaining massive grounds in markets, as investors are avoiding higher yielding assets, which once again supports the dollar to rise versus majors since once again there are worries in marketsregarding the global recovery taking longer than presumed to occur, especially [...]
Currencies ahead of U.S. data »
Currencies ahead of U.S. data
Mon, Feb 1 2010, 11:29 GMT
by ecPulse.com analysis team
The U.S. dollar is mixed in markets ahead of a full economic day in the U.S. economy, while last week we saw the economy expand the most since six years, which supported the dollar to rise heavily in [...]
Europe Ahead: European inflation and unemployment will probably continue rising »
Fri, Jan 29 2010, 08:55 GMT
by ecPulse.com analysis team
As a consequence to the improvement witnessed since the third quarter, when the euro area left the recession by growing 0.4% from the previous contraction of 0.2%; theinflation rate shifted to positive areas in November, creeping up towards the bank’s 2% target.
Prices [...]
The U.S. dollar slightly changed ahead of important U.S. reports »
The U.S. dollar slightly changed ahead of important U.S. reports
Fri, Jan 29 2010, 12:11 GMT
by ecPulse.com analysis team
The green currency slightly changed on Friday before the release of GDP for the fourth quarter advanced reading in the U.S., Chicago PMI and confidence report. The U.S. economy is predicted to show [...]