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The Euro is Set to the lowest Level in 2 weeks

fxbom.com
11:09 AM

On this day trading the euro exchange rates appear to be further decreased. The Euro reached a position of least banned in two weeks against the US dollar. With the euro triggered by fears that the retail sales data in the euro area will drop for three months in a row.

With the euro is also supported by the dollar’s momentum is in a bullish trend. The dollar index rose to reach the highest in more than two weeks later. The market participants focused on the release of data on service sector activity in the u.s. that will be announced later that night. Expected activity in the service sector will again indicate expansion.

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March 5th, 2012 by fxbom
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Chaotic Gillard-Rudd Forced the Australian Dollar hang in the negative Territory

fxbom.com
05:49 PM

On this day the aussie back plunged against the US dollar. Aussie down two days in a row against the u.s. dollar due to PRIME MINISTER Julia Gillard and former Foreign Minister who is also a former PM Kevin Rudd vied Chair as Chairman of the labour party in order to perpetuate the road to premier in the following elections Chair.

The tension between Gillard and Rudd began much in 2010, when the successful overthrow Rudd Gillard of the Chair of the Labour Party Chairman in June. Then in August 2010 Gillard managed to win the seat of PM Australia. The frictions in the Labor Party made Julia Gillard has to reshuffle his Cabinet to consider me-when he successfully won the seat of party leader and Prime Minister.

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February 27th, 2012 by fxbom
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Sterling Pullback, Still Supported By The Positive Performance Of The London Stock Exchange

fxbom.com
07:51 PM

Pound sterling currency to trade GBP / USD this afternoon observed weak pullback and the pair was trading at around 1.5798. Pound retreated along with the presence of a negative indication on the UK economy, where it is shown by a decrease in business investment in the UK.

United Kingdom Statistics Office reported that investment in the value of the business in the quarter IV last year dropped around £ 1.7 billion GBP to £ 17.8 billion GBP or shrank around – 5.6% compared to the value on the right quarter III. These values also indicate a decrease-£ 0.6 billion GBP (-2.0%) if compared with the quarter IV in 2010.

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February 24th, 2012 by fxbom
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Euro In The Best Position In 10 weeks, Potential Technical Correction

fxbom.com
02:33 PM

After trading yesterday on the move down – 0.10%, Euro index today rose quite sharply turned around + 36 pips, or about + 0.35% from opening price. The index is at the center tracked this story down up + 45 pips from the lowest range today and is in the 104.16 level.

The euro advanced to the highest range in the 10 weeks following the conclusion of the decision of the EU finance ministers to provide funding assistance worth 130 billion euro bailout program which is the second period. The decision to provide this funding was agreed after intense debate and a lot different between the Greek government and the lenders.

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February 21st, 2012 by fxbom
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EU unrest, Greek Debt Negotiation Start Spreads Into Political Sphere

fxbom.com
04:56 PM

On intraday forex trading the European session today, the Euro shows the movement of a thin rose approximately + 9 pips, or about +0.09% from opening price. Index was observed in the positive area, was up 12 pips from the lows of today and the running is at 103.23.

The euro gained support positive sentiment after the Greek government announced that they were waiting for EU approval of the debt swap scheme in the coming Monday, February 20th.

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February 17th, 2012 by fxbom
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