So much for that global financial crisis. The currency market has shrugged off the world’s woes over the past three years and blasted into the stratosphere. New figures from the Bank for International Settlements …
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Labor Department … from the Institute for Supply Management also showed today. The group’s index of non-manufacturing businesses fell to 51.5 from 54.3 in July. Readings above 50 signal growth and economists …
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… Markit/CIPS services purchasing managers’ index dropped to 51.3 in August … These fears have spread to the service sector companies in the PMI survey, which excludes retailers and public sector employers but …
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Some risk-taking is returning to the markets on the back of data this week suggesting that the pace of the slowdown may be moderating. This is lending support to the euro and sterling and weighing on the yen and Swiss …
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GBP/USD stayed within a narrow range although staying above support area. Failure to break lower did push the market higher, and once more we are back above 1.5400. If we can maintain above 1.5400 we can trade higher …
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sterling was steady against the dollar at $1.5405 GBP=D4 , having fallen around half a cent following the UK PMI data to take it back below its 200-day moving average, currently at $1.5423. Technical analysts …
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LONDON, Sept 3 (Reuters … currency strategist at Commerzbank in Frankfurt. He added that this would also raise speculation the Fed may implement more quantitative easing to boost the economy, which would be …
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LONDON, Sept 3 (Reuters) - The dollar struggled on Friday while the euro and other higher-risk currencies were off the day’s highs as investors braced for weak U.S. jobs data that may fuel more risk …
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Major currencies drifted in a narrow range ahead of Friday’s key U.S. employment figures. Investor appetite for risk had improved following positive U.S. housing and jobless claims data overnight but …
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market economist at Mizuho Corporate Bank. PDF on Japan’s yen dilemma: r … The next target for the euro was around $1.2873 — a 38.2 percent Fibonacci retracement of its fall from its August peak around $1.3334 to …
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