Forexsq.com - Forex News - The euro rose to a seven-week high against the yen on speculation Greece is making progress on measures needed to win international aid, boosting demand for the shared currency.
The euro touched its strongest level in almost two months against the dollar before Greek Prime Minister Lucas Papademos meets the heads of three political parties in Athens. The yen weakened
Forexsq.com - forex news - The U.S. dollar traded slightly lower versus most major rivals on Wednesday, with the euro holding gains as investors continued to await an agreement on a second bailout for Greece.
The dollar index DXY -0.12% , which measures the performance of the U.S. currency against six other units, traded at 78.532, down from 78.552 in late North American trading Tuesday.
Forexsq.com - The euro weakened against the dollar (DXY) and yen before Greek leaders respond to demands by international creditors on economic measures.
The 17-nation currency slid against most of its 16 major peers as France prepares to sell as much as 8.5 billion euros ($11.1 billion) of bills today. The Dollar Index rose before St. Louis Federal Reserve President James Bullard speaks amid
Forexsq.com - U.S. stock futures traded slightly higher Wednesday on hopes that Greece will soon ink a deal clearing the way for a second bailout that will allow it to avoid default.
Futures on the Dow Jones Industrial Average DJ2H +0.12% rose 16 points to 12,847. S&P 500 Index futures SP2H +0.10% rose 0.4 point at 1,345.10, while Nasdaq 100 futures ND2H +0.16% added 2.75 points to 2,532.50
Forexsq.com - Japanese and Australian markets rallied Monday after a surprisingly strong U.S. employment report aided an upbeat performance for exporters and stocks in the resource sector.
But Hong Kong stocks reversed strong early gains, while mainland Chinese and South Korean stocks ended little changed after a higher opening, amid caution over Greek debt talks.
The Australian Dollar rose further versus the Greenback on Wednesday, supported by better risk appetite and hopes Greece is close to agreeing austerity measures.
Forexsq.com - Chinese shoppers on their Lunar New Year holiday were less lavish than expected by Hong Kong jewelers, curbed spending on beauty brands and slowed spending at South Korean stores. They may keep that pace in the coming year of the dragon.
Holiday sales on the mainland grew 16 percent to 470 billion yuan ($75 billion), according to data from the Ministry of Commerce, the slowest pa
Forexsq.com - The U.S. dollar slipped in zigzag action Wednesday against the euro, but gained versus other major currencies, after some more indications that Greece would agree to stringent reforms in order to secure more financial aid.
The euro touched a two-month high during European hours as news reports challenged hopes that the European Central Bank may be the linchpin to an agreement on
Forexsq.com - EUR/USD has activated a reversal beneath key resistance at 1.3250 (38.2% Fib-Jan/Oct decline). Further compounded bearish pressure remains from the recent candle pattern and intraday DeMark™ signals. • Only a successful challenge of 1.3250 will unlock an extended recovery into our next target zone at 1.3440/60 and 1.3548 (02nd Dec high). • Meanwhile, the bears need to push back bene
Forexsq.com - The leader of the right-wing Popular Orthodox Rally (LAOS), Giorgos Karatzaferis, indicated early on Thursday that he was unwilling to agree to the terms of a new bailout for Greece. Leaving the Maximos Mansion, Karatzaferis quoted a poem by Constantine P. Cavafy, suggesting that he had rejected the deal. On returning to his partys headquarters, he clarified that he objected to sign
After several attempts to break the 1.3030 strong support today's European session, the EUR/USD has been refused again by this level again after dropping 50 pips in the last hour from 1.3080 to test intra-day low at 1.3030 and currently the pair is trading back close to 1.3050.
The Euro picked up momentum and extended its recovery against the Dollar, climbing above the 1.3100 mark in recent dealings, having bottomed at 1.3030 during the European session.
ForexSQ.com - J.P. Morgan Chase, the bank that now holds the most deposits in the country, has reached an agreement to pay $110 million to those who paid heavy fees for the proverbial “cup of coffee” that overdrafted their accounts.
The settlement, revealed in a court document late Friday night, would mark another big victory for a long-running consolidated suit that’s going on in Miami federa
Forexsq.com - The leaders of the eurozone's two most powerful economies increased pressure on Greek leaders "live up to their responsibilities" as patience with the struggling nations wears thin. Angela Merkel, the German Chancellor, said on Monday: "We want Greece to stay in the euro ... but I also say - there can be no new Greece programme if agreement is not reached with the Troika ... All tho
Brazil’s central bank bought dollars in the foreign-exchange market for a second straight day in a bid to temper the real’s 10-week rally.
The bank paid an average 1.7170 reais each for an unspecified amount of dollars in the spot market, the first such purchase since Sept. 13. Policy makers bought dollars in the forwards market on Feb. 3, the first transaction of that type since July. The real