• German Court to Decide If ECB's Bond Buying Plan Infringed on Bundesbank's Mandate

    June 12 2013 7:48 AM

    Court proceedings in Germany began after more than 35,000 Germans filed a complaint against the European Stability Mechanism, claiming it violates the nation's central banking mandate. The trial has been widely covered by German media as policy makers argue over whether or not the European Central Bank is out of line.

  • India's Central Bank, Govt Check Rupee FallIndia's Central Bank, Govt Check Rupee Fall

    June 12 2013 2:45 AM

    The recent drastic fall in the Indian rupee was arrested after the country’s central bank and its government stepped in.

  • Indian Rupee Falls To New Low, Puts Central Bank In A FixIndian Rupee Falls To New Low, Puts Central Bank In A Fix

    June 11 2013 3:22 AM

    The Indian rupee's continuing decline to record lows reduces chances of a rate cut, which is required to help revive India's slowing economy.

  • Indian Rupee Falls To Historic Low Against DollarIndian Rupee Falls To Historic Low Against Dollar

    June 10 2013 2:28 AM

    The Indian rupee, or INR, on Monday plunged to a record low of 57.77 against the U.S dollar, a year after touching its previous historic low.

  • Jim Rogers: Yuan Could Appreciate 500% In Next 30 YearsJim Rogers: Yuan Could Appreciate 500% In Next 30 Years

    June 06 2013 11:27 AM

    But Chinese forex experts are not as confident.

  • Euro Strong Ahead of ECB MeetingEuro Strong Ahead of ECB Meeting

    June 06 2013 8:48 AM

    The euro ticked up on Thursday morning ahead of the European Central Bank's June policy meeting. The common currency traded at $1.31 despite Wednesday's reports that another of its “core” economies slipped into a recession. Finland, considered to be among the eurozone's most powerful economies, became the ninth eurozone nation to post two consecutive quarters of economic contraction.

  • Possible Devaluation Of The Euro Casts A Shadow Over Gold’s FuturePossible Devaluation Of The Euro Casts A Shadow Over Gold’s Future

    June 06 2013 8:10 AM

    As the European Union struggles with rising unemployment they now have to face a future of increased competition from the Japanese as they actively devalue the Yen. The new government in Japan, under the Premiership of Shinzo Abe, has managed to devalue the Yen by round 20% so far. In the short term this devaluation should boost Japanese exports as their goods are available at a substantial discount. This action mirrors that of the United States as they continue with their programme of Quantitative Easing. The United Kingdom has also joined in this ‘race to the bottom’ and has managed to reduce the value the British Pound.

  • A Glimmer of Hope in Eurozone PMI DataA Glimmer of Hope in Eurozone PMI Data

    June 05 2013 9:09 AM

    The euro remained steadily at $1.30 on Wednesday morning after Markit's Eurozone Composite PMI showed that business activity in the eurozone picked up in May. This marks the second straight increase for the region, something politicians and policymakers are likely to celebrate.

  • THE GOLD BULL VS THE PAPER TIGERTHE GOLD BULL VS THE PAPER TIGER

    June 03 2013 5:03 PM

    That's all, folks. One look at the headlines will tell you the gold bull market is officially over: the stock market is booming, a modest recovery of the US economy is underway, and the dollar is dominating the forex. Time to sell your bullion and get back into US stocks!

  • South African Rand Falls Fastest Against US DollarSouth African Rand Falls Fastest Against US Dollar

    May 31 2013 12:30 PM

    The currency's new low, 10.13 rand per U.S. dollar, is part of a broader investor sell-off in 20 emerging market currencies.

  • Euro Near Two Week High on Positive DataEuro Near Two Week High on Positive Data

    May 31 2013 8:43 AM

    The euro remained above $1.30 on Friday morning after climbing on Thursday to overtake the $1.30 mark for the first time in over two weeks. The common currency strengthened after a report from the eurozone showed that consumer and business sentiment improved. The Wall Street Journal reported that the European Commission's Economic Sentiment Indicator climbed to 89.4 in May, the figure's first advance since February. The euro found a boost from the data as many saw the improvement as a signal that the eurozone economy was finding firmer ground.

  • Youth Unemployment Tops Eurozone PrioritiesYouth Unemployment Tops Eurozone Priorities

    May 29 2013 10:31 AM

    The euro dipped below $1.29 on Wednesday as investors waited for unemployment data from Germany, the eurozone's largest economy. The data is expected to shed light on the state of the German economy, and could influence the European Central Bank's next policy move.

  • EUR/USD Charts And ObservationsEUR/USD Charts And Observations

    May 28 2013 8:55 AM

    After failing at 1.3042 EUR/USD had broken below the psychological support of 1.3000 and had touched 1.2796. The support came at the emerging mid term support trend line. The price action is also bringing in a head and shoulder chart pattern and a break below 1.2745 will complete that pattern. If such a move takes place then deeper declines towards the psychological ranges of strong 1.2500 support ranges may be seen.

  • Abe Pulls Pin on JGB GrenadeAbe Pulls Pin on JGB Grenade

    May 28 2013 8:49 AM

    Japan has already suffered through a quarter century's worth of an economic malaise because they have refused to allow the free market to work its reconciliation magic. Their reliance on government borrowing and spending to rescue the economy has proven to be a miserable failure. Because of this fact, Japanese politicians have succeeded to increase the debt to GDP ratio to 237%, which should have already caused a collapse in Japanese Government Bonds (JGBs) and the Yen.

  • Anti-Euro Sentiment Gains Traction in PortugalAnti-Euro Sentiment Gains Traction in Portugal

    May 28 2013 8:39 AM

    The euro threatened to drop below $1.29 on Tuesday morning as fresh worries about a eurozone break up weighed on the common currency. With difficult austerity plans and sky high unemployment figures, radical anti euro movements in several of the eurozone's southernmost countries have been gaining popularity.

  • Eurozone Crisis Hinges on Structural Reforms, Says Draghi and WeidmannEurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

    May 24 2013 8:33 AM

    The euro improved modestly on Friday morning following better than expected data that showed the eurozone's service sector and factory output improved in May. However, gains were narrow as both figures, although improved from last month's readings, still indicated a contraction. Bloomberg reported that a composite index drawn from a survey of purchasing managers rose to 47.7 in May compared to 46.9 in April. Most economists were expecting 47.2, so the data came as a pleasant surprise for the region.

  • Alibaba Has Something For Companies Who Don't Like A Fluctuating YuanAlibaba Has Something For Companies Who Don't Like A Fluctuating Yuan

    May 23 2013 2:11 PM

    OneTouch, a subsidiary of Alibaba, is giving smaller companies a chance to hedge against the rising yuan.

  • Eurozone Leaders Try to Tackle Tax EvasionEurozone Leaders Try to Tackle Tax Evasion

    May 23 2013 7:57 AM

    The euro slipped to $1.2838 on Thursday morning following Federal Reserve Chairman Ben Bernanke's testimony to Congress and the release of the bank's latest policy meeting minutes. Bernanke told Congress that the Fed would consider easing back on its bond buying stimulus if the country's economic improvement continued. His comments boosted the dollar and sent the euro downward as a result.

  • Radical AfD Political Party Could Disrupt German ElectionsRadical AfD Political Party Could Disrupt German Elections

    May 22 2013 10:38 AM

    The euro traded steadily at $1.2931 on Wednesday morning as investors kept their attention turned to the US, where Federal Reserve Chairman Ben Bernanke will address Congress and release the Federal Open Market Committee's policy meeting minutes. The greenback fell against the euro for three consecutive days as investors speculated that the Fed would start to taper off its aggressive bond buying stimulus efforts.

  • British Pound traded at 7-week lows aganst US-Dollar as U.K. retail sales slumpBritish Pound traded at 7-week lows aganst US-Dollar as U.K. retail sales slump

    May 22 2013 10:32 AM

    The British pound was trading close to seven-week lows against the dollar on Wednesday as data showing that U.K. retail sales slumped in April increased the likelihood of more easing by the Bank of England.