April 22, 2010 Euro Touches New Low for Year; No Solution to Debt Woes in Sight The Euro touched a new low for the year, taking out the late March bottom at 1.3267. Although the break to 1.3257 was met with profit-taking and...
Read MoreSelling pressure continued to drive the Euro down on Wednesday. The outlook for the Euro remains bearish despite on-going meetings between Greek officials and the IMF to find a solution to the growing sovereign debt problem. The...
Read MoreApril 21, 2010 Euro Outlook Bleak without Financial Plan Selling pressure continued to drive the Euro down on Wednesday. The outlook for the Euro remains bearish despite on-going meetings between Greek officials and the IMF to...
Read MoreThe Bank of Canada voted this morning to leave interest rates at 0.25% but strongly hinted that interest rates would increase sooner than expected because of the strong economic growth and the fear of inflation. For over a year,...
Read MoreApril 20, 2010 Bank of Canada Signals End of Low Interest Rates The Bank of Canada voted this morning to leave interest rates at 0.25% but strongly hinted that interest rates would increase sooner than expected because of the...
Read MoreThe U.S. Dollar finished higher against most major currencies but intraday profit-taking helped the Greenback close well off its highs.The early session rally in the Dollar began overnight in the wake of a lawsuit filed by the...
Read MoreApril 19, 2010 Intra-Day Profit-Taking Helps U.S. Dollar Give Back Some Gains The U.S. Dollar finished higher against most major currencies but intraday profit-taking helped the Greenback close well off its highs. The early...
Read MoreAfter last week’s talk of the need for and the subsequent announcement last week-end of a rescue plan for Greece, the Euro failed to hold on to its early gains and succumbed to speculation that the aid wasn’t enough...
Read MoreApril 18, 2010 Euro Erased last Week’s Early Gains to Finish Modestly Higher After last week’s talk of the need for and the subsequent announcement last week-end of a rescue plan for Greece, the Euro failed to hold...
Read MoreThe GBP USD closed higher after a report showed the opposition Conservative Party’s lead over the Labor Party widened, easing concerns that the May 6th election will produce a hung parliament. Traders had been pressuring...
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