Euro News

In yesterday’s session, EURUSD fell over 100 pips, invalidating the bullish outlooks that were proposed in previous articles for this pair. The EURUSD dropped to support at the level of 1.3274, after the United States, the Fed chairman, Ben Bernanke, gave a press conference where he spoke optimistically about the U.S. economy and therefore, the […]

In an interview with the BBC this morning, Richard Campbell of the Office of National Statistics (ONS) reported on the announcement that the rate of inflation in the UK, as measured by the Consumer Price Index (CPI), increased to 2.7% in May from 2.4% in April.  What does this mean for average household? If it means anything at […]

“The world is changing” – one of the lines in one of the many Japanese anime that touches the state of global affairs and a few hours ago the world has witnessed the announcementof a landmark deal from four of the most powerful persons in the world – the President of the United States of the […]

Pound Sterling At the start of the week the Pound weakened against the Euro and US Dollar due to a selloff of the currency and as speculation mounts that the US Federal Reserve will soon announce a slowdown of monetary stimulus.  The uncertainty over the Fed’s next move regarding its easing policies was the main […]

Is the market driving you nuts?  Don’t feel bad.  You’re (probably) normal.  It’s the market that’s insane.  It’s days like today that it is especially fun to be writing around midday.  There’s so much frenzy, it’s like watching the rear end of a rat race. If you are still in a tither from last night’s news […]

Stock markets in Europe entered the red territory in Thursday trading in response to the latest revision of the World Bank of the outlook in the 17-member single currency union of the Eurozone and of the global economy. Releasing its Global Economics Prospects, the World Bank said the Eurozone will contract even further – from […]

A strange thing happened on the way to the London Stock Exchange this morning.  Beverage baron A.G. Barr (LSE:BAG) announced that the UK Competition Commission had completed its review of Barr’s proposed merger with its rival Britvic (LSE:BVIC).  The commission has made a provisional decision that the merger would not have any significant effect that […]

Pound Sterling This week has been one of gains and upward momentum for Sterling. On Monday the Pound made gains against the US Dollar and edged upwards against the Euro after May’s manufacturing PMI data rose to 51.3 from the 49.8 recorded in April. A figure above 50 signals expansion. Construction data also boosted the Pound […]

The EURUSD has a strong bullish trend and now, this pair will seek to break new resistances. EURUSD is forming a lower high pattern below the resistance level of 1.3309. If this pair manages to break this resistance, it is expected to rise to the level of 1.3363. The general outlook for this pair is […]

Now that we all know that the European Central Bank and the Bank of England have made no changes to their economic policies that might significantly evoke dramatic investor and consumer responses, all eyes are fixed on the U.S. jobs report that is due to be published tomorrow. The tension and apprehension are so thick […]