International Business News - News http://www.ibtimes.com/subsection/forex/news.htm All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The dollar versus the euro and yen on Friday after a report showing that consumer confidence in the U.S. fell as oil reached a new record. 117786 http://www.ibtimes.com/articles/20080516/currencies-dollar-euro-yen.htm Fri, 16 May 2008 18:11:58 EDT The dollar fell sharply on Friday after the release of University of Michigan survey which showed that consumer confidence in the U.S. fell by more than expected (59.5 from the previous month's reading of 62.5), followed by rumours that the non-farm payrolls figure for April would have to be revised... 117710 http://www.ibtimes.com/articles/20080516/dollar-falls-on-weak-university-of-michigan-survey-and-non-farm-payrolls-rumours-may-16.htm Fri, 16 May 2008 13:50:00 EDT Well well well what do you know? What a surprising turn of events in the markets today ladies and gentlemen as the agitating housing sector has actually honored us with rather surprisingly upbeat data from the heart of the US economy! 117628 http://www.ibtimes.com/articles/20080516/bottoms-up.htm Fri, 16 May 2008 10:18:01 EDT Usd/majors - Better-than-expected U.S. building permits n housing starts gave dlr a boost but some traders are taking profits ahead of the University of Michigan confidence index (14:00GMT) n intra-day choppy trading looks set to continue over the next few hours... 117607 http://www.ibtimes.com/articles/20080516/market-moving-news-usd-maj-may-16.htm Fri, 16 May 2008 08:28:00 EDT The U.S. dollar was lower against other major currencies in European trading Friday morning. Gold fell. The euro traded at $1.5487, up from $1.5454 late Thursday in New York. 117469 http://www.ibtimes.com/articles/20080516/us-dollar-down-in-europe.htm Fri, 16 May 2008 06:13:13 EDT We can't wait for the weekend to begin! Yet before we relax and before we get our senses to just split from the markets, we have US data from the heart of the anguished sector as the housing market remains in the center of all the downturn the US economy is experiencing! 117436 http://www.ibtimes.com/articles/20080516/housing-is-the-end.htm Fri, 16 May 2008 03:48:02 EDT The dollar fell versus the euro on Friday amid expectations of lower housing starts and consumer confidence in reports later today. 117419 http://www.ibtimes.com/articles/20080516/currencies.htm Fri, 16 May 2008 02:49:19 EDT FX Trend Trader 117413 http://www.ibtimes.com/articles/20080516/fx-trend-trader-the-day-ahead.htm Fri, 16 May 2008 02:10:46 EDT Gbp/usd - 1.9476...Cable has maintained a relatively firm undertone this morning on speculation that the inflation risks in the U.K. economy will prevent the BOE fm cutting interest rates at its next meeting, however, on the other hand, the weak housing market continues to act as a counterbalance. O... 117414 http://www.ibtimes.com/articles/20080516/market-moving-news-gbp-usd-may-16.htm Fri, 16 May 2008 00:50:00 EDT Eur/usd - 1.5490...Euro has moved higher on cross buying esp vs yen n sterling (a sovereign name was rumoured to be among the buyers) n offers at 1.5500/10 are in focus with more selling interest likely to emerge at 1.5530/40. On the downside, fresh bids are found at 1.5430/40 n 1.5400 (stops are pl... 117415 http://www.ibtimes.com/articles/20080516/market-moving-news-eur-usd-may-16.htm Fri, 16 May 2008 00:42:00 EDT Usd/jpy - 104.62...Dlr\'s weakness vs euro n chf was unable to push usd/jpy below 104.43 (o/n NY low) as cross selling in yen (esp aud/jpy n eur/jpy) are giving some support to the pair. It seems that this morning\'s better-than-expected GDP data has been digested n traders will look to the release of... 117412 http://www.ibtimes.com/articles/20080516/market-moving-news-usd-jpy-may-16.htm Fri, 16 May 2008 00:35:00 EDT The single currency fell broadly against major currencies on Thursday as crude oil fell sharply due to a slide in falling natural gas futures and a power outage that shut the Intercontinental Exchange’s trading platform, easing concern that surging energy costs will undermine the U.S. economy.... 117288 http://www.ibtimes.com/articles/20080515/euro-falls-broadly-on-the-selloff-in-crude-oil-prices-may-15.htm Thu, 15 May 2008 16:29:00 EDT After better than expected growth data from the EU the focus now is upon the US session with rising unemployment benefits filed and more softness in the manufacturing prospects in May as the Empire State Manufacturing index posted as the US economy remains subject to weakness! 116938 http://www.ibtimes.com/articles/20080515/us-session-detailed.htm Thu, 15 May 2008 09:48:01 EDT Usd/majors - Dlr has fallen after a batch of weak U.S. economic data, with Empire state manufacturing index coming in at -3.32 vs a forecast reading of 0. In addition, capacity utilisation n industrial production are below economists\' expectations. There is little reaction to the comments fm Fed Cha... 116950 http://www.ibtimes.com/articles/20080515/market-moving-news-usd-maj-may-15.htm Thu, 15 May 2008 08:38:00 EDT Growth in the 15-nation economy remained strong in the first quarter of 2008 supported by strong growth in the area's biggest economy Germany, but inflation remained high in the area to support the ECB Hawkish stance as they have set taming inflation to be their highest priority 116818 http://www.ibtimes.com/articles/20080515/eu-growth-continues.htm Thu, 15 May 2008 06:18:02 EDT Good day to you dear reader. After we inspected thoroughly the data from the heart of UK and booked ourselves front row tickets to the mascara that is awaiting a trigger to happen; yet the light is centered on the EU today to judge their performance in the first quarter. 116775 http://www.ibtimes.com/articles/20080515/growth-on-the-balance.htm Thu, 15 May 2008 03:48:01 EDT FX Trend Trader 116739 http://www.ibtimes.com/articles/20080515/fx-trend-trader-the-day-ahead.htm Thu, 15 May 2008 01:46:29 EDT Gbp/usd - 1.9477...Although cable dipped to 1.9430 in Asia, price then rose in tandem with euro as traders continued to square long dlr positions accumulated this week n offers at 1.9470/80 have been absorbed. Stops at 1.9500 are in focus with selling interest reported at 1.9530 n 1.9550. On the dow... 116744 http://www.ibtimes.com/articles/20080515/market-moving-news-gbp-usd-may-15.htm Thu, 15 May 2008 00:50:00 EDT Eur/usd - 1.5491...St specs successfully targeted the stops at 1.5485 n despite present firmness, offers (those who bought earlier are looking to sell) are reported at 1.5500 n 1.5520. Traders are awaiting the release of German CPI n GDP at 06:00GMT. On the downside, bids are lined up at 1.5435/45 w... 116745 http://www.ibtimes.com/articles/20080515/market-moving-news-eur-usd-may-15.htm Thu, 15 May 2008 00:39:00 EDT Usd/jpy - 104.93...Dlr has continued to edge lower as traders take profits on previous long positions (also putting pressure on yen crosses) n bids at 105.00 have been absorbed. Buying interest at 104.75/80 is in focus with more bids found at 104.50/60 (stops are noted below this lvl). On the upside... 116737 http://www.ibtimes.com/articles/20080515/market-moving-news-usd-jpy-may-15.htm Thu, 15 May 2008 00:30:00 EDT