The EUR/USD trailed slightly on Thursday as anxieties over political impasse in Italy influenced sentiments, but the single currency continued to be supported following an auction of government bonds which went relatively effortlessly. The pair hit 1.3097 through European trade and eventually consolidated at 1.3121…
Read More Daily Market Review, Euro, Eurozone, Financial News, Gold, USDEUR/USD hit 1.3122 in the course of European trade, highest since the beginning of the week; consolidating at 1.3105. The pair was expected to catch support at 1.3017. Post-election Italy auctioned EUR6.5 billion on Wednesday following elections which concluded with clear winner, offering the possibility of a protracted time of political uncertainty and possibly reintroducing the eurozone crisis…
Read More Daily Market Review, Euro, Financial News, Gold, USDThe EUR/USD dropped to a seven week low on Tuesday spurred by concerns that Italian election outcome might impact negatively financial reforms and offshoot uncertainty in the eurozone. EUR/USD hit 1.3018 throughout Asian trade, lowest since January 4.
Read MoreThe yen slipped to a 33-month low on Monday after reports surfaced that a promoter of forceful monetary easing might be the new head of the Bank of Japan, and the sterling slumped after Moody’s downgrade of Britain’s AAA rating. Three major economies, UK, the US and France lost triple-A ratings recently…
Read MoreThe Italian elections are widely seen as a plebiscite on the austerity measures promulgated by Prime Minister Mario Monti, and many fear that a successful run by Silvio Berlusconi would indicate bad news for the stock market. Voting lasts throughout Monday, with initial results projected once polls close…
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