The US dollar made solid gains today on the back of the news that the Japanese trade deficit was worse-than-expected, once again putting a spotlight on the currently weak global economy. The Yen also made solid gains. Once concerns over the [...]
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British Inflation data released this morning stunned traders this morning, driving the British Pound up to $1.5730, from its pre-release price of $1.5702. The price represented a two-week high for the UK’s struggling currency, which is soon [...]
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The Olympic games came to an end last night in a blaze of glory. The closing ceremony was hailed as a huge success, as was the games themselves. Great Britain took a staggering 29 gold medals, more than many could have possibly expected. The [...]
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The Euro rallied today, making gains on both the Yen and the US dollar, as investor confidence in the ECB’s claims to save the Euro shined through once again. The belief is that the European Central Bank will heavily bolster its current rescue [...]
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Britain’s construction industry has not performed as badly as originally thought. The Office for National Statistics originally believed that the construction industry would fall by up to 5.2%, however today it announced more favorable [...]
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Britain was today staring down the barrel of its biggest trade deficit in 15 years. British export volume dropped drastically over the last 3 months (3.1%) as consumer spending dropped globally. The UK usually exports over a third of its goods [...]
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No Movement in The US The markets in the US made small gains again today with the DJIA finally giving way and ending its four day run of gains. The industrial index was down 0.8% at the the bell, closing out at 13,165.19. The S&P 500 did not [...]
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