Author: Yonny Zohar

Forex Pros – The pound surged to an eight-day high against the U.S. dollar on Tuesday, after a surprisingly strong rise in Britain’s services sector activity renewed expectations for a rate hike by the Bank of...

Forex Pros – The euro extended losses against the U.S. dollar on Tuesday, retreating from a five-month high after a one-notch downgrade of Portugal’s sovereign debt rating by Moody’s.EUR/USD hit 1.4159 during...

Forex Pros – The U.S. dollar dipped against the Swiss franc on Tuesday, after a one-notch downgrade of Portugal’s sovereign debt rating by Moody’s and reports that Portuguese banks were pressuring the...

Forex Pros – The euro tumbled to an eight-day low against the pound on Tuesday, after U.K. services sector activity jumped in March, renewing expectations of a near term rate rise and after Moody’s downgraded...

Forex Pros – European stock markets were broadly lower on Tuesday, as shares in the financial sector led losses after Moody’s downgraded Portugal’s debt, while U.S. futures indexes pointed to a lower open on...

Forex Pros – Retail sales in the euro zone fell unexpectedly in February, official data showed on Tuesday.In a report, Eurostat said retail sales fell by a seasonally adjusted 0.1% in February, after rising by 0.2% in...

Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, as the euro eased off a 5-month high amid expectations that a euro zone rate hike was now priced in by investors and after Moody’s...

Forex Pros – Service sector activity in the U.K. rose significantly more-than-expected in March, rising to the highest level in 13 months, industry data showed on Tuesday.In a report, market research group Markit said the...

Forex Pros – The pound was higher against the U.S. dollar on Tuesday, but gains were limited ahead of a report on activity in the U.K.’s service industries sector later in the day.GBP/USD hit 1.6165 during European...

Forex Pros – The euro zone’s services sector grew more than initially projected in March, rising to a three-and-a-half year high, industry data showed on Tuesday.In a report, the market research group, Markit said...