FOREXYARD: Forex News Blog

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Euro Makes Gains as Euro Nations Sell Bonds Posted: 24 Apr 2012 10:25 AM PDT The 17-nation euro appreciated against the majority of its currency counterparts during Tuesday’s trading as trio Spain, Italy and Holland managed to sell bonds. The fact that these euro nations sold bonds is extremely positive as no sooner then yesterday, investors believed the debt crisis in the Euro-zone was worsening. The shared currency rose 0.4 percent against the U.S Dollar during the New York trading session as while as showing a 0.4 percent rise against the Japanese Yen. The euro saw further gains versus the greenback after figures indicated that Home Sales fell at a slower rate for the year ended February. The Home Sales report included 20 cities from the United States. There are still a number of key financial reports expected for release on Wednesday and Thursday which could affect the movements of the Euro, the U.S Dollar and  other major currencies. The reports include  speech from the ECB President Mario Draghi,GBP Gross Domestic Product, US Interest Rate Decision,FOMC Statement as well as New Zealand Interest Rate Decision.

Pound Strengthens On Renewed Concern Over Euro-Zone Posted: 23 Apr 2012 07:51 PM PDT The Pound appreciated against the 17 nation euro during Monday’s trading ahead of fresh concerns over Europe’s debt crisis. UK 10-Year Gilts climbed for the first time in 5 days as investors took to the sterling as a safety precaution as the French Presidential Elections and turmoil in the Dutch Government have made the British pound the more appealing “safe haven” currency. The Sterling appreciated to its strongest level in 20 months against the Euro after French President Nicholas Sarkozy has fallen behind Socialist Francois Hollande going going into the final round of the French Presidential Elections.The Pound was given a further boost from news out of the Dutch Government where early elections are due to take place as a party from the minority ruling coalition withdrew. The Sterling rose 0.5 percent versus the 17-nation currency and reached 0.8149, its strongest level since back in August 2010. There are a number of financial reports expected for the next few days which could affect the movements of the currency markets. Tomorrow,Canada will release its Retail Sales Figures as well U.S New Home Sales while European Central Bank President Mario Draghi will deliver a speech on Wednesday. Other important news items on this week’s Agenda include GBP Gross Domestic Product,FOMC Statement,U.S Interest Rate Decision, a speech from Federal Reserve Chairman Ben Bernanke,New Zealand’s Interest Rate Decision as well as the Bank of New Zealand’s Rate Statement.

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