Slightly disappointing UK trade data saw the Pound falter modestly on Friday. The British asset also slipped against the Euro as the common currency rebounded following the European Central Bank’s rate decision. Today’s UK Lloyds employment confidence index could have some impact on the Pound, but movement in the British asset is likely to be limited ahead of this week’s domestic employment data.
US Dollar
At the close of last week the US Dollar was supported by a surprisingly strong US non-farm payrolls report. The US economy was shown to have added …

The Pound is little moved against the Euro and US Dollar as the British Chambers of Commerce said that it expects the UK economy to strengthen further over the course of the year. The Pound gave back gains against the US Dollar on Monday but held steady as investors avoided the ‘Greenback’ in the wake of a disappointing report on the U.S. service sector.
US Dollar
The US Dollar recovered from a two-week low against the Japanese Yen after data showed that activity in the US service sector slowed unexpectedly last month. …

The Pound has risen for a fifth day against the Euro as economists await the release of data that is expected to show that construction in the UK increased for a fourth consecutive month in August. Currently Sterling is trading close to a 10-week high ahead of Thursday’s Bank of England policy makers meeting. Economists are expecting the Bank’s committee to vote in favour of maintaining its asset purchasing target at £375 billion.
US Dollar
The ‘Greenback’ strengthened to a one-month high against the Japanese Yen after market sentiment improved as the …

Yesterday, the Euro was finally able to recover against the dollar and is currently pursuing its course this morning with a high at $ 1.3070. Prices in the euro dollar (EUR / USD) currently remain between $ 1.30 and $ 1.3130 and may range in this area for a few sessions.
In economic news, the weekly figures on U.S. employment are rather reassuring. The U.S. Department of Labor has identified 332,000 weekly jobless claims in the United States for the week ended March 9, a decrease of 10,000 from the previous …

The European single currency fell below the symbolic $ 1.30 Friday on multiple concerns weighing on global growth. Which in turn benefits the price of the dollar.
While the strong euro was still being debated just two weeks ago, at least by the French Government, the European single currency is showing signs of accentuated weakness. On Friday it went below $ 1.30, to 1.2996 dollars in late morning after hitting a low at 1.2986 dollars. Is its lowest level since December 11th. Previously it had risen to 1.3644 dollars closing on …

If the notion that US economy is modestly growing widespread then it is probably true as far as employment situation and jobless claims are concerned. US jobless claims increased by 4,000 in the first week of 2013 as announced by the US Labor Department in the latest report. Initial jobless claims stood at 371,000 for the week ending January 5th 2013 depicting slow but steady growth in the economy.
Though economists forecasted the decrease of 365,000 in jobless claims and this is also highest gain in month still I wouldn’t be …