Archive for the 'currency' Category

Mid-Day Report: Dollar Extends Rally

Saturday, July 7th, 2007

Action Insight | Written by ActionForex.com | May 21 07 14:11 GMT |
Forex Mid-Day Technical Report Dollar Extends Rally
Dollar resumes recent rally against majors today and quickly breaks through last week high as traders from US enter the markets. Strength in the greenback is impressive considering the negative news of Kuwait ending it’s […]

Weekly Outlook: Yen Volatility to Increase

Saturday, July 7th, 2007

Action Insight | Written by ActionForex.com | May 19 07 18:55 GMT |
Forex Weekly Review and Outlook Yen Volatility to Increase
Dollar generally strengthened last week despite mixed data out of US, except versus the stella performance Canadian dollar which broke 30 year high on a string of strong data. Sterling continued to be […]

Euro hovers near all-time high

Saturday, July 7th, 2007

The Euro is currently hovering above its all-time high against the USD, and is flirting with levels never-before-seen in the Euros brief, eight-year history. The Euro had toyed with the record for the last couple of weeks, before finally breaching it upon last Fridays release of US GDP data, which indicated the US economy had […]

John Lewis week to Feb 24 dept store sales up 4.6 pct; Waitrose up 7.1 pct

Saturday, July 7th, 2007

LONDON (AFX) - John Lewis Partnership, the employee-owned retailer, said week to Feb 24 sales at its 26 UK department stores rose 4.6 pct to 44.6 mln stg, while sales at its chain of 184 Waitrose supermarkets increased 7.1 pct to 71.1 mln stg.
Total partnership sales rose 6.0 pct to 116.1 mln stg.
“The final week […]

Forex - US dollar softer in Sydney afternoon trade ahead of key US GDP data

Saturday, July 7th, 2007

SYDNEY (XFN-ASIA) - The US dollar was lower against the yen and euro in midafternoon trade here as investors await tonight’s release of US gross domestic product data for the March quarter, dealers said.
The consensus forecast is for GDP growth to have slowed to an annual rate of 1.8 pct in the quarter from a […]