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Euro Approaches Two Week Low
 

Euro Approaches Two Week Low

The euro was precariously positioned just 0.1% away from hitting a two week low at 2:38 am London time due to concerns of political unrest in Spain and worse-than-expected data from the Italian retail sector. The yen has enjoyed almost a week of [...]
 

 
Euro Slumps on German Sentiment
 

Euro Slumps on German Sentiment

The Euro lost ground on almost every other major currency today as German investor sentiment showed signs of waning. Germany has been the last bastion of economic power in the Eurozone and has, in the eyes of many, single handedly dragged the [...]
 

 
Japan’s Trade Deficit Drives Dollar
 

Japan’s Trade Deficit Drives Dollar

The Japanese trade deficit increased today, driving demand for the US dollar and the Yen as investors look to move their funds to safer assets. The wider-than-expected results have once again raised concerns over the current state of the global [...]
 

 
Sir Mervyn King says Economy is Stationary
 

Sir Mervyn King says Economy is Stationary

There was little movement from the Pound Sterling this morning, until Sir Mervyn King made the announcement that the Bank of England had cut its growth forecast for the UK. The cut has taken the expected growth from 0.8% to zero. The forecast [...]
 

 
ECB Disappoints
 

ECB Disappoints

Announcements by the European Central Bank yesterday indicated that there will be no major solutions to the debt crisis. Like last week, European Central Bank President Mario Draghi promised to do anything it takes to prop up the Eurozone. In [...]
 

 
US Second Quarter GDP Released
 

US Second Quarter GDP Released

The United States released its gross domestic product for the second-quarter on Friday. Data showed the United States economy slowing to a rate of 1.5 percent. This growth rate is in line with the expectations of top economists. During the first [...]
 

 
Euro Close to Two-Year Low
 

Euro Close to Two-Year Low

Euro Close to Two-Year Low The euro is still close to its two-year low. Moody’s cut the rating for Italian government bonds due by two notches to a Baa2 rating. If Italy does not shore up their finances, Moody’s is prepared to drop the rating [...]