The very negative National Bank assessment of conditions will maintain a lack of confidence in the Swiss economy and currency. The Swiss currency found support on dips towards 1.21 against the dollar on Wednesday and strengthened through the 1.20 le forex news :: view details »

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The UK CBI report shows the manufacturing sector remains gloomy about future expectations. The release number came in at -35, higher than analysts' expectations of -44. Output expectations remain at the lowest level since December 1980. forex news :: view details »

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Overall, the euro and the pound surged again near the London Open. It looks like the European session is slowly starting to come back to normality, re-establishing its usual pattern. Despite this, the 4-hour resistance areas were just too much for s forex news :: view details »

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During the second half of 2008, new jobless insurance claims recorded big upward jumps in alternating four-week periods. New claims averaged 540.5 thousand workers per week during the latest four weeks to December 6th. That was 10.1% or almost 50K g forex news :: view details »

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The Japanese Yen roared higher in overnight trading as the US Senate failed pass a vote that would have led to a decision on a bailout plan for America's top three automakers. Risk appetite rapidly evaporated, sending stock index futures lower and p forex news :: view details »

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Overall, the Asian trading session went very slow. This was expected somehow, after the strong trading sessions seen one day earlier. Since it is Friday, there are chances the market will lack some momentum, but any potential news about the automake forex news :: view details »

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U.S. Dollar Trading (USD) in a very important trading day, key levels against multiple currencies were broken as USD selling accelerated to near panic capitulation levels. US data didn’t help the situation with weekly Jobless claims jumping to 573K forex news :: view details »

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The dollar plunged in Thursday trading, falling to its lowest level in nearly 2-months against the euro at 1.3405 and yen at 91.15. Prompting the steep sell-off in the greenback was a set of dismal US economic reports - which included weekly jobless forex news :: view details »

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Overall, the currency market had a change in sentiment in the overnight session. The failed vote in the Senate for the bailout plan brought back the risk aversion in the currency market. The most affected by this were the yen, which fell to a 13-yea forex news :: view details »

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USD/JPY hit a 13 year low in Asian session trade today touching 88.15 after the US Senate failed to agree on a bailout package for the Big Three automakers. The news sent a wave of risk aversion flowing through the Asian equity markets as Nikkei tum forex news :: view details »

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Industrial production fell in October in the Euro-area by 1.2%, slightly more than the market had expected. Compared with one year ago, industrial production is down by 5.3%, from -2.4% in September. Monthly data shows that energy production fell by forex news :: view details »

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The November retail sales posted a decline of 1.8% m/m and 1.6% excluding autos, which was slightly better than expected; and much of the weakness was driven by a 14.7% decline in gasoline sold at the pump. The biggest surprise is found in the detai forex news :: view details »

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