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Wednesday, 15 May 2013
Forex - Dollar rises amid flight to safe on soft European, U.S. data
A string of disappointing economic indicators in the U.S. and Europe sent the dollar rising against most major currencies on Wednesday as investors sought safety in the liquid greenback.In U.S. trading on Wednesday, EUR/USD was down 0.33% at 1.2877.Government data released...
U.S stocks end higher on hopes Fed stays loose; Dow rises 0.40%
U.S. stocks finished higher on Wednesday after a widely-watched industrial output gauge missed expectations and fueled hopes the Federal Reserve will keep monetary policy loose.At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.40%, the S&P 500 index...
EUR/USD May 15 – Suffers from weak GDP numbers, fails to recover on weak US data
EUR/USD was hit by a constant flow of disappointing GDP numbers from the old continent: France officially entered a recession, Germany barely escaped one and Italy’s economy contracted again. These numbers sent the pair to new lows. Also data from the US fell short of expectations,...
Forex - GBP/USD flat to higher on soft U.S. data, BoE comments
The pound traded higher against the dollar on Wednesday after U.S. industrial output and wholesale pricing data missed expectations earlier.Supporting the pair, the Bank of England forecast an uptick in economic growth later this year, though trading was choppy.In U.S. trading...
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BOE sees stronger growth, lower inflation – GBP/USD recovers
The Bank of England raised its growth forecasts, but stressed that the recovery would be weak. Q2 growth is expected to stand at 0.5% and yearly growth will reach 2% in 2 years time. This is the last inflation report by outgoing governor Mervyn King. He accompanies the report...
Forex - GBP/USD edges higher on strong U.K. data
The pound edged higher against the U.S. dollar on Wednesday, after the release of positive employment data from the U.K., while investors eyed highly anticipated U.S. economic reports later in the day. GBP/USD hit 1.5254 during European morning trade, the session high;...
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