Euro Expected to Remain Rangebound in Holiday Trade
Monday, May 31st, 2010 Posted in Market Comments | Comments OffA closed US market for Memorial Day, and a UK Spring Bank holiday, are expected to keep markets relatively light on Monday but this does not mean that we can’t expect to see some volatility, with plenty going to warrant ...
Euro Weighed by ECB Comments, British Pound Bounces Back
Monday, May 31st, 2010 Posted in Market Comments | Comments OffThe Euro fell back from a high of 1.2333 as policy makers held a cautious outlook for the region, and the risks of contagion may lead the European Central Bank to maintain a loose policy stance in the second-half of ...
European Economic Confidence Weakens in May
Monday, May 31st, 2010 Posted in Market Comments | Comments OffEconomic confidence in the 16-member euro area unexpectedly worsened in May as the region struggles to gather strength after Greece's budget crisis forced governments to step up spending cuts to reduce deficits. Figures showed that confidence slip to 98.4 in ...
Japanese Yen Sinks on Political Turmoil, Weak Economic Data
Monday, May 31st, 2010 Posted in Market Comments | Comments OffThe Japanese Yen tumbled against all of its major counterparts, undermined by rising political uncertainty and a lackluster set of economic data centered around disappointing industrial production figures.