Author: Yonny Zohar

Forex Pros – The euro erased gains against the pound on Thursday, retreating from a five-day high, following a government report showing that U.K. retail sales rose unexpectedly in March.EUR/GBP retreated from 0.8879, the...

Forex Pros – The pound surged to a 16-month high against the U.S. dollar on Thursday, after official data showed that U.K. retail sales rose unexpectedly in March, while public sector borrowing for the fiscal year ending...

Forex Pros – European stock markets were up for a third day on Thursday, as strong corporate earnings results boosted sentiment, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning...

Forex Pros – Retail sales in the United Kingdom rose unexpectedly in March, official data showed on Thursday.In a report, the U.K. Office for National Statistics said retail sales rose by a seasonally adjusted 0.2% in...

Forex Pros – ublic sector net borrowing in the U.K. rose less-than-expected in March, official data showed on Thursday.In a report, the U.K. National Statistics Office said that public sector net borrowing, or the...

Forex Pros – The U.S. dollar was down against all of its major counterparts on Thursday, as risk appetite sharpened, spurring increased demand for higher yielding assets, while concerns over U.S. debt weighed.During...

Forex Pros – German business confidence fell slightly more-than-expected in April, industry data showed on Thursday.In a report, the German research institute, Ifo said its Business Climate Index fell to a seasonally...

Forex Pros – The U.S. dollar was sharply lower against most of its major counterparts on Wednesday, as a broad risk rally lifted higher yielding currencies and hammered the greenback.During European early afternoon trade,...

Forex Pros – The broadly weaker U.S. dollar was trading close to an all-time low against the Swiss franc on Wednesday, as a risk rally boosted higher yielding currencies and saw the greenback come under heavy selling...

Forex Pros – The pound extended gains against the broadly weaker U.S. dollar in thin trade on Wednesday, as risk appetite sharpened and concerns over Standard & Poor’s downgrade of its outlook on U.S. credit...