Forex News Blog
Back to The Headlines
Monday June 7, 2010 - 08:29:40 GMT
Share This Story
Imperial FX Online - www.imperialfxonline.com
ImperialFXonline : Daily FX ReviewEuro falls below 1.2000 for first time since 2006 on Hungary debt concerns and soft U.S. NFP
Join Us and Strategize Your FX Trading!www.imperialFXonline.comThe single currency declined almost 2 percent on Friday, hitting a new 4-year low below the psychological 1.2000 level against the dollar to as low as 1.1955 (while weakening below 110.00 versus the yen) as Hungary was added to the growing list of countries in the euro region that were suffering from sovereign debt problems, which resulted in the credit default swaps for nations as Germany and France also rising.In addition to the fears over the eurozone debt contagion, investors were somewhat dismayed by the rise of 431,000 in U.S. non-farm payrolls, which was less than the consensus forecast of around 515,000 (even though the unemployment rate was able to fall by more than expected to 9.7% from 9.9%). The safe haven yen as well as the greenback was able to benefit, with commodity currencies as such as the Australian dollar and New Zealand dollar tumbling over 2%. The Canadian dollar was also sold off despite a robust jobs report for Canada that showed almost 25,000 jobs were added.Stock markets in Europe ended the day lower on the increase in risk aversion but the losses in the U.S. stock indices were exacerbated with the Dow ending the day down over 3 percent and also below the 10,000 level. Gold fell back towards the $1200 level before bouncing in late trade to around $1219.00.Join Us and Strategize Your FX Trading!
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Actionable trading levels delivered to YOUR charts in real-time.
Register To Test Your Amazing Trader
GVI Trading. Potential Price Risk Scale
Tue 19 June 2018
AA: Major, A: High, B: Medium
A 12:30 US- House Permits/Starts
Wed 20 June 2018
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
Thu 21 June 2018
AA 11:00 GB- Bank of England Decision
A 12:30 US- Weekly Jobless
Fri 22 June 2018
John M. Bland, MBA
co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Start trading with forex broker Markets Cube
Max McKegg's Daily Forex Trading Forecasts
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
Request a TRIAL of Max's Forex Service.