Archive for January, 2013

Euro steady near 14-month high after Fed sticks to stimulus

by Forex Rooton January 31, 2013 5:34 am GMT
The euro held near a 14-month peak against the dollar and a 2-1/2 year high versus the yen on Thursday, having risen solidly as investors expect central banks in both the United States and Japan to keep an aggressive easing stance. The U.S. Federal Reserve underscored that view by leaving in place its monthly $85 […]

EURUSD above 1.3500 for first time since December 2011

by Forex Rooton January 30, 2013 8:48 am GMT
The euro strengthened above $1.35 for the first time since December 2011 before a report forecast to show economic confidence in the region improved this month. The 17-nation currency advanced for a second day against the dollar before the Federal Open Market Committee issues its policy statement today. An index of executive and consumer sentiment […]

United Nations watchdog hails UAE’s Dh73 billion nuclear vision

by Forex Rooton January 30, 2013 5:37 am GMT
The head of the International Atomic Energy Agency (IAEA) said he was “impressed” with the progress of Abu Dhabi’s nuclear plans and urged the UAE to share its experience with other nations, during a visit to the emirate to discuss matters including Iran’s programme. Yukiya Amano, the director of the United Nations nuclear watchdog, flew […]

Euro steady near 14-month high, focus on $1.35 resistance

by Forex Rooton January 30, 2013 5:21 am GMT
The euro held steady near a 14-month high versus the dollar on Wednesday, with market players focusing on whether it can breach resistance at $1.3500 and set itself up for further gains. Some upbeat German economic data and signs European banks may have turned the corner have bolstered hopes that the worst of the euro […]