Author: Yonny Zohar

Forex Pros – The euro tumbled to a fresh record low against the safe haven Swiss franc on Wednesday, as mounting concerns over Greece’s sovereign debt crisis weighed heavily on market sentiment. EUR/CHF hit 1.2306 during...

Forex Pros – Futures Pros – Cotton futures were up for a second day on Wednesday, as adverse weather conditions threatened crops in the U.S. and China, rekindling concerns over tightening global supplies. On the ICE...

Forex Pros – The euro was trading close to a two-month low against the pound on Wednesday, as ongoing concerns over the worsening Greek sovereign debt crisis cast a pall over the single currency. EUR/GBP hit 0.8676 during...

Forex Pros – European stock markets were broadly lower on Wednesday, as lingering fears over Greece’s finances and the euro zone’s spreading debt crisis weighed, while U.S. futures pointed to lower open on Wall...

Forex Pros – Mortgage approvals in the U.K. unexpectedly declined in April, industry data showed on Wednesday. In a report, the British Banker’s Association said that the number of new mortgages approved in April fell to...

Forex Pros – The U.K. economy grew in line with market expectations in the first quarter of 2011, unrevised from the growth previously published, official data showed on Wednesday. In a report, the U.K.’s Office for...

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as concerns over the ongoing sovereign debt crisis in the euro zone and declines in equity markets curbed demand for riskier assets....

Forex Pros – The pound pulled back from a daily high against the U.S. dollar on Tuesday, tracking the euro lower after the leader of Greece’s main opposition party rejected the country’s new austerity plan. GBP/USD...

Forex Pros – The euro pulled back from a two-month low against the U.S. dollar on Tuesday, but remained vulnerable to further losses amid fears that the regions sovereign debt crisis could spread. EUR/USD clawed back up from...