Economic Report

EUR Spikes on Consumer Confidence

Tuesday, June 24th, 2008

The US consumer confidence Report came up short from concensus this afternoon. It fell eight points from the expectation of last month’s report which came in at 58.1 per cent. Even the revised value of 56.0% was far from what was announced. The resultant effect was that the news dragged the USD, dollar down against every other pair. What […]

EUR Numbers: French Report Still Falls Short

Monday, April 7th, 2008

The French Balance of Trade report better than expected slightly and still triggers a mild sell-off on the EUR/USD but since recovered. See full Reports here.. 
French Feb trade deficit 2.765 bln euros vs revised 3.183 bln Jan deficit
(Adds breakdown)
PARIS (Thomson Financial) - French provisional, seasonally-adjusted trade figures for February showed a deficit of 2.765 billion euros compared with […]

Sterling: UK Budget Derails Bounce On Yen - 500+ Pips Slide

Thursday, March 13th, 2008

Sterling-Yen, GBP/JPY - one of the most volatile crosses in the forex trading calendar has seen a huge slide from yesterday’s Asian Market high of 207.98 to 202.96. That was a move of over 500 pips in less than two days trading sessions for forex swing traders.
The bounce off the floor from Tuesday session was derailed […]

GBP/JPY Slides 160pips On UK GDP Reports

Wednesday, February 27th, 2008

Pound-yen, GBP/JPY came down 160 pips on news of the UK Gross Domestic Product (GDP) report. The report came in at 0.6% this morning.
That was even on previous quarter but Index of services fell shot of 0.7% forecast by 0.1% . By norm, this was not enough to create this volatility except the nature of the season.
The cross broke through […]

Euro Surge In Past Months Lean Harder On Euro-Zone GDP

Monday, September 17th, 2007

Euro-zone trade balance fell short of expectation for the first time in eleven months. A sign that the Euro-zone economy is feeling the pinch - the effect of the EURO strength on the Dollar in recent months. This is the first shortfall since August of 2006 and a considable plummet from June’s 4.4 billion euro […]