Market Overview by Forex Yard Economic News * USD Steady Federal Funds Rate and AIG Bailout Help Boost USD The greenback experienced a bullish trading session yesterday against all the other major currencies. The highlight of the day was the Fed's announcement that Interest Rates would...

AUD/USD - Australian Dollar US Dollar, European Session - 17/09/08 0,7960. Go to Full Article

EUR/AUD - Euro Australian Dollar, European Session - 17/09/08 1,7814. Go to Full Article

EUR/CAD - Euro Canadian Dollar, European Session - 17/09/08 1,5153. Go to Full Article

EUR/CHF - Euro Swiss Franc, European Session - 17/09/08 1,5900. Go to Full Article

EUR/JPY - Euro Yen, European Session - 17/09/08 150,14. Go to Full Article

EUR/USD - Euro Dollar, European Session - 17/09/08 1,4196. Go to Full Article

GBP/JPY - British Pound Yen, European Session - 17/09/08 189,13. Go to Full Article

Crippling Cash Shortages Throw A Damper On AIG “Nationalization ... UGLY Merv ain’t got no alibi It’s ugly! Hey, hey it’s ugly! If traders were prone to chanting, the above ditty is probably pretty close to what they’d be singing. Respite from the “good news” of AIG’s...

ECB Comments on AIG Bailout ECB's Bini Smaghi said AIG rescue was essential for markets. He said "you couldn't let a big insurer go under because it would have impacted on millions... Go to Full Article

Euro-Zone Construction Output Declines Euro-Zone July construction output rose 0.1% MoM, after falling -0.9% MoM in June. Building construction was stable compared with June, while civil engineering... Go to Full Article

Euro-Zone Trade Deficit Hits a 9 Year High The Euro-Zone trade deficit widened to a new record high as the slowdown in the global economy dampened export demands. The deficit increased to 6.4B from... Go to Full Article

Japanese Yen Crosses Experience Heavy Selling Pressures JPY traded on a firmer footing as renewed pressure on the JPY crosses led price action. EURJPY and GBPJPY experienced heavy selling from interbank names... Go to Full Article

Forex Trading News - Euro - Zone Trade Balance The Euro-Zone Trade Balance for July expected to be released at a negative 3billion came in better than expected at -2.3B . The seasonally adjusted numbers expected at a negative 3.5billion came in significantly worse at -6.4B. ... Go to...

Forex Trading News: CHF ZEW Expectations Releasd The ZEW Economic Expectations comes out at -44.4 from the previous -79.6. No expectations were available for this release. There was not much reaction in the CHF after this release. Go to Full Article