Daily Forex Analysis

LONDON (MarketWatch) — Former U.S. Senator Jesse Helms has died at 86 according to media reports citing the Jesse Helms research center. The long-serving Republican from North Carolina was known for his conservative stances, including efforts to force reforms at the United Nations and opposition to the creation of the Martin Luther King holiday. Helms […]

NEW YORK (MarketWatch) — BCE Inc. said Friday it reached a final agreement with a group of investors to amend a buyout deal with a higher breakup fee, but the price will remain at $42.75 a share. Shares of BCE closed at $34.75 a share on Thursday. An executed credit agreement for the parent […]

LONDON (MarketWatch) — Rating agency Moody’s Investors Service on Friday downgraded its rating on UBS’ financial strength to B- from B and also cut its senior debt and deposit ratings on the bank to Aa2 from Aa1. Moody’s said the downgrade “reflects the challenges still facing the bank’s management team to return UBS […]

NEW YORK (MarketWatch) — Exxon Mobil Corp. said in a filing late Thursday it’ll book third-quarter after-tax earnings of $1.6 billion on the sale of interests in a natural gas transport business in northern Germany. The transaction, completed Tuesday, won’t affect the exploration, production and natural gas sale and storage activities conducted by […]

LONDON (MarketWatch) — The Irish Central Statistics Office said Friday that its seasonally adjusted live register showed the standardised unemployment rate rose to 5.7% in June. The number on the register increased 10,100 to hit 217,400 at the end of June. This compares with a rate of 4.6% at the end of 2007. Rossa White, […]

LONDON (MarketWatch) — Oil futures turned lower Friday after Iran signaled it would soon respond to an international proposal on its nuclear program. Nymex crude oil futures for August delivery were down $1.18 to $144.11 in electronic trading. The contract closed Thursday at $145.29 a barrel — the loftiest closing level ever for the exchange […]

LONDON (MarketWatch) — Goldman Sachs said Friday that European banks could need to raise around 60 billion euros ($94 billion) in additional capital, or withhold dividend payments for a year, if recent moves by several banks to strengthen their balance sheets set a new benchmark for capital levels. The broker added that figure could rise […]

LONDON (MarketWatch) — Air France is mulling a joint venture that could see it offer high-speed rail travel, the BBC reported on its Web site on Friday. The airline is studying a possible tie-up with Veolia , a French utility that also runs several rail services. Under the plans, the BBC reported, […]

LONDON (MarketWatch) — Shares in British supermarket group J Sainsbury rose 1.7% in London on Friday after Qatar Holding upped its stake in the firm to 26%. Qatar Holding increased its shareholding by 12.37 million shares to 454.5 million shares.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. […]

The USD appreciated against all of the major currencies during yesterday’s trading session. The US Dollar gained over 160 points versus the EUR and closed at a rate of 1.5702. This happened in spite of the mostly disappointing results for the economy. . The Unemployment Rate was higher than forecasted at 5.5%. The Average Hourly […]