forexsq.com - Newly sworn in French President Francois Hollande has arrived in Berlin for key talks with German Chancellor Angela Merkel, after his plane was apparently hit by lightning.
The plane was forced to turn back to Paris. Mr Hollande later completed his journey on a second plane.
During his inauguration speech earlier in the day, the Socialist president appealed for "a compromise"
forexsq.com - The euro fell to the lowest level in almost four months after Greece’s political leaders failed to form a ruling coalition, deepening speculation the country will have to leave the currency bloc.
Demand for the euro was damped before Greek leaders seek agreement today on an interim government that will schedule new elections. The Dollar Index extended its longest stretch of daily a
forexsq.com - The U.S. dollar marched further uphill Wednesday, with the Australian currency among the major losers, as the fear of a fresh Greek election and a reported jump in Greek bank withdrawals sapped investors’ risk appetite.
The ICE dollar index DXY +0.28% , which measures the greenback’s performance against a basket of six other major currencies, rose to 81.328, up from 81.286 in Nor
forexsq.com - It doesn’t take long for an idea to become an accepted fact in the markets.
Six months ago, talk of Greece leaving the euro was seen as so unlikely nobody had to think seriously about. Now the ‘Grexit’ — as a Greek exit from the euro has been dubbed — is increasingly seen as a done deal.
Citibank rates the chances as high as 75% that Greece will leave the single currency in t
forexsq.com - Say your name is Mark Zuckerberg. Although this week might be a little busy with your $100 billion IPO, consider a typical week when you have some spare time and, for example, are considering a new Facebook tool.
Say you want to compete with LinkedIn Corp.’s LNKD +0.05% ultra-popular professional network. You want Facebook to provide its own environment for business opportunitie
forexsq.com - David Cameron has warned eurozone leaders it is now “make or break” for the single currency as the financial turmoil threatens to cause another global meltdown. The Prime Minister will say in a speech today that the eurozone is “at a crossroads” and he is ready to do “whatever is necessary to protect this country”. Mr Cameron’s intervention comes after Sir Mervyn King, the Governor
forexsq.com - The US Dollar has scope for a corrective pullback after prices hit a new 2012 high yesterday, which may produce a short-term recovery in the S&P 500. S&P 500 – Prices took out support at 1331.50, the 123.6% Fibonacci expansion, to challenge the 138.2% level at 1322.00. A break below this boundary exposes the 150% Fib at 1313.90. The 1331.50 level has been recast as near-term resista
forexsq.com - FXCM Inc., (NYSE: FXCM) announced today that is has fully launched its forex trading app store—FXCM Apps. A unique offering in the retail forex industry, FXCM presents custom applications for the FXCM Trading Station and MT4 platforms. FXCM Apps opens the door for traders to choose from dozens of plug-and-play apps for all types of traders. “It is about customizing the user experien
forexsq.com - The dollar retreated from a four- month high against the euro after minutes from the last Federal Open Market Committee meeting showed some policy makers said further easing may be needed should the economy lose momentum.
The yen weakened against the majority of its 16 major peers amid speculation the Bank of Japan (8301) may add stimulus next week. Governor Masaaki Shirakawa sai
forexsq.com - The U.S. dollar drifted lower in Asian trading on Thursday, after notching up its longest run of gains in more than two decades, as a pause in Europe-related downbeat news helped lift the mood across asset markets.
The ICE dollar index ICE -0.25% , which measures the greenback against a basket of six currencies, traded at 81.256, down from 81.359 in late trading on Wednesday.
forexsq.com - The European Central Bank wants Greece to remain in the euro zone while the decision for Greece's possible exit from the currency union isn't an issue that the ECB would need to decide on, ECB President Mario Draghi said Wednesday.
This was the first time the ECB's head commented on Greece since inconclusive elections unseated the government there recently, leading to worries tha
forexsq.com - The German economy has returned to its growth curve: In the first quarter of 2012, gross domestic product (GDP) rose 0.5% – upon price, seasonal and calendar adjustment – on the previous quarter, as reported by the Federal Statistical Office (Destatis). In the last quarter of 2011, German GDP had suffered the first slight dip (–0.2%) since the 2009 economic crisis.
forexsq.com - The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending May 5, unchanged from the prior week's revised rate. The advance number of actual initial claims under state programs, unadjusted, totaled 322,821 in the week ending May 12, a decrease of 18,259 from the previous week. There were 361,573 initial claims in the comparable week in 2011. The to
forexsq.com - The dollar index extended an 11-session streak of gains in Asian trading hours on Tuesday while the euro weakened, as investors continued to fret that Greece’s political stalemate will see the country exit the euro zone.
The ICE dollar index DXY -0.17% , which measures the greenback against a basket of six currencies traded at 80.676, from 80.612 in late North American trading on
forexsq.com - This market needs to catch its breath after the selling pressure across currencies and the blood bath in equities this week. It can be rather monotonous to listen to the euphoric rants of the EUR bear. To date, it has been an unfair playing field. They have all the negative ammunition. For the bulls, it seems they have to wait for that squeeze going just a wee bit too far to the lef