The EUR/USD glided lower on Wednesday as sentiment over the euro continued to be brittle before an ECB gathering on Thursday. The pair hit 1.3024 over the course of European afternoon trade, the session low and then consolidated at 1.3038…
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Daily Market Review - March 5th 2013
The past days witnessed a series of unsuccessful attempts to establish a price below 1.30 resulted in a period of deceptive tranquillity. If the current Italian deadlock persists, the calm might continue for a short period of time until political parties come to an agreement…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, Oil, Oil Pricing, USDDaily Market Review - March 4th 2013
According to blue economic news from Spain this morning, the number of unemployed rose by 1.2 per cent in February, piercing the 5 million limit. Data revealed that the number of unemployed people in Spain increased less than what was expected in February…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, JPY, USDDaily Market Review - March 3rd 2013
Euro was down against the dollar 0.59 per cent at 1.2980 on Friday, rising from a session low of 1.2967 and below the pair’s high, 1.3101. EUR/USD was expected to reach support at 1.2880, lowest since December…
Read More Daily Market Review, Euro, Eurozone, Financial News, USDDaily Market Review - February 28th 2013
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, USD