On Tuesday, the Federal Reserve left its benchmark interest rate unchanged and reiterated that interest rates would remain low for “an extended period.” In its statement, it also mentioned that inflation remains...
Read MoreMarch 16, 2010 Fed Decision Opens Door to Weaker Dollar On Tuesday, the Federal Reserve left its benchmark interest rate unchanged and reiterated that interest rates would remain low for “an extended period.” In its...
Read MoreThe Euro finished lower on reports that a few Euro Region finance ministers are rejecting the idea of a bailout for Greece. Over the weekend, ahead of the start of today’s two-day meeting in Brussels, German Finance...
Read MoreMarch 15, 2010 Euro Finishes Weaker; Uncertainty over Bailout Pressures Market The Euro finished lower on reports that a few Euro Region finance ministers are rejecting the idea of a bailout for Greece. Over the weekend, ahead...
Read MoreThe Euro closed last week higher and in a position to continue the rally as financial tensions have eased enough in Greece to warrant the beginning of a short-covering rally. Technically, the main trend is up on the daily...
Read MoreMarch 14, 2010 Euro Finishes Higher; Charts Indicate More Upside Likely The Euro closed last week higher and in a position to continue the rally as financial tensions have eased enough in Greece to warrant the beginning of a...
Read MoreMarch 11, 2010 U.S. Dollar falls as Demand for Risk Surges The U.S. Dollar declined into the close after trading in a tight range most of the day. A strong surge in the equity markets late in the session confirmed investor...
Read MoreThe U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not working. The lack of major U.S. economic reports this week is still...
Read MoreMarch 10, 2010 Euro Building Support Base for Potential Upside Breakout The U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not...
Read MoreThe U.S. Dollar finished higher on Tuesday against most major currencies in another round of light trading. Traders opened the New York session averse to risk, but shifted this sentiment a few times during the day session. The...
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