The dollar rose against major currencies yesterday after bleak U.S. jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal. The Euro was down 1.1 percent at $1.4002,...
Saturday, July 4, 2009
Today's Key Issues (time in GMT):
09:30 GBP PMI Services JUN 51.5 vs. 51.709:30 GBP Official Reserves (Changes) JUN Prev. $2121M09:30 GBP BoE Housing Equity Withdrawal 1Q -£9.0B vs. -£8.0B10:00 EUR Euro-Zone Retail Sales (MoM) MAY -0.10% vs. 0....
The Risk Today:
EurUsd EUR/USD remains in its 1.3940 to 1.4200 range but the dip below 1.3980 suggests profit taking has started. On a US holiday with intraday momentum now reading oversold, hopes for follow through today aren’t high but into next week and throughout the rest of the month the risk is that the parameters of the wider 1.37 to 1.42...
Daily Forex Snapshots
Asian Session: NFP’s disappoint as ECB stays put on rates – low volumes today for 4th July holiday. July 03, 2009 11:23 AM CEST G10 Advancers and Decliners vs USD NZD0.591AUD0.494CAD0.388JPY0.103DKK-0.091EUR-0.098CHF-0.178NOK-0.270GBP-0.272SEK-0.699 ...
Mideast tourist numbers drop in Jan-Apr 2009
DUBAI: The UAE has seen a growth in tourist numbers during the first four months of this year, despite the Middle East seeing the largest fall of tourists in any region, the UN World Tourism Organisation (UNWTO) said yesterday.UAE bucked the regional trend with tourist...
