Good morning, A sharp rise in the euro exchange rate this week has increased the pressure on the European Central Bank president, who faces the challenge of pulling the eurozone out of potentially dangerous phase of extremely low inflation. The more the currency strengthens, the greater the downward pressure on prices. The euro’s relentless rise …
Tag archives: Buy Euros
Euros relentless rise confuses traders! but who will blink first? Super Mario or currency traders.
US Dollar Exchange Rate Good news for the US economy as yesterdays Retails Sales increase for the first time in 3 months. Claims benefits dropped and consumer confidence has improved. The US dollar strengthened 100 points against both sterling and euro exchange rate. Pound Exchange Rate Today’s domestic calendar will be dominated by the …
Forex traders finally sell euros
Forex traders took the queue from super Mario to sell euros today as their leader abandoned them. Super Mario is been jawboning (talking for you not in the markets slag) the euro exchange rate down this afternoon as he appears in willing to allow the currency to go above 1.4000 which technically will push it …
Pounds to Euro exhcnage rate outlook improves today
Hi All, The Bank of England is looking more likely to like rates in the coming months according to Forex Brokers and interest rate trades. Whilst bad news for home owners and UK house price outlook it will help the pound to euros exchange rate over the coming months as the ECB is looking a …
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Currency Exchange Rate News 13-03-2014
Overnight Currency News Us Dollar Exchange Rate The dollar has weakened off this morning due to US data to be released this afternoon ‘Retail sales and Initial jobless claims’. Stanley Fischer, nominee to be Federal Reserve Chair Janet Yellen’s deputy, said the U.S. economy still needs stimulus to combat unemployment ahead of a report projected …
Why I hate the euro exchange rate
Argh – I hate the euro exchange rate! Last night various media sources were highlighting the strength of the UK economy and that the BOE will have to rise Interest rates by sixfold. Whilst I not in favor of interest rate rise as like many I have a mortgage the above is not a reason …
euro exchange rate continues to get stronger and stronger
Hi All As the euro exchange rate continues to get stronger and stronger by the day this morning’s focus will be on the UK Januarys Industrial production release. This will give us a clearer view on the economy for the first quarter and will be followed by the latest trade figures tomorrow. At 9.30 this …
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ECB Noyer suggest the time to Buy Euros is over
ECB Noyer suggest the time to Buy Euros is over! “It is clear that when the euro exchange rate starts to strengthen it creates additional downward pressure on the economy and additional downward pressure on inflation. Both cases aren’t warranted at the moment. We are clearly not very happy at the moment.” Noyer says everything …
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Forex Traders continue to buy Euros
The Pound exchange rate remains well supported by continued strength in domestic data, but has slipped back against the Euro Exchange Rate in recent days following the lack of any new easing action at the ECB meeting. Why Forex Traders continue to buy Euros is a mystery that leaves me scratching my head. While Pound …
Australian Dollar Exchange Rate
The Pounds to Australian Dollar exchange rate is another currency that decided the pound was a bully boy and deserved a seeing to. We started the week at 1.8800 and ending the week almost 3% lower, typical for the pound this week. The reasons behind forex traders buying Australian Dollars was that local data surprised …