Forex Fundamental Analysis

Manufacturing Data Causes USD to Tumble

The US dollar tumbled vs. the Japanese yen during the afternoon session yesterday, following a significantly worse than expected Philly Fed Manufacturing Index. The manufacturing index came in at -5.8, well below the...

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Forex Fundamental Analysis

  • Manufacturing Data Causes USD to Tumble
    Forexyard | Fri, 18/05/2012 - 14:16

    The US dollar tumbled vs. the Japanese yen during the afternoon session yesterday, following a significantly worse than expected Philly Fed Manufacturing Index. The manufacturing index came in at -5.8, well below the...

  • Euro Limits Losses in Slow Trading Day
    Forexyard | Fri, 18/05/2012 - 14:14

    After dropping as low as 1.2666 during the morning session, the euro was able to recoup some of its losses against the US dollar, reaching as high as 1.2736. The currency was able to benefit from poor US manufacturing data...

  • Aussie Benefits From Positive Asian Data
    Forexyard | Fri, 18/05/2012 - 14:12

    The Australian dollar was able to move up vs. the USD following positive Japanese news during morning trading yesterday. Additionally, disappointing manufacturing data out of the US caused the AUD/USD to move up further....

  • South Pacific Dollars Set for the Biggest Weekly Decline
    Jason Fingerton | Fri, 18/05/2012 - 13:48

    Commodity associated currencies such as Australian and New Zealand dollars are experiencing a huge decline due to the debt crisis in Europe. The trouble for these currencies started when France and Greece went to elections...

  • Downgrades in Europe
    Marcelo Melo | Fri, 18/05/2012 - 13:31

    The EUR/USD opened the day negative pushing the currency pair to four month lows of 1.2656. The pair opened the day around the 1.269 level but was hammered further into the day as the risk aversion began to grapple the market...

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