Analitics
EU and payrolls: toxic mix for risk
The euro has come under heavy selling pressure today as investors take fright on two accounts: firstly, that EU ministers are becoming more comfortable with the prospect of Greece defaulting on part of its debts and secondly that pressures are spreading from the core to the periphery, especially to Italy, the third largest economy in the Eurozone.
Source: Forex.com
11.07.2011
Italian concerns heating up
The euro is coming under pressure today after news that the Italian finance minister, who is credited with helping to keep Italy out of the sovereign debt crisis even though its debt-to GDP ratio is an enormous 120 per cent, is becoming embroiled in a corruption scandal.
Source: Forex.com
08.07.2011
July ECB Interest Rate Decision
On Thursday at 0745EDT/1145GMT the ECB is widely expected to raise its benchmark ‘refi’ rate ¼% to 1.50%, according to Bloomberg surveys of market analysts. Recent comments from ECB Pres.
Source: Forex.com
07.07.2011
Markets Find Footing After Portugal Downgrade
Today’s session in Asia saw the Euro begin its climb out of earlier lows that were instigated by the downgrade of Portugal to junk status by the Moody’s rating agency.
Source: Forex.com
06.07.2011
Risk off as Portugal's rating cut to junk
The U.S. dollar strengthened across the board with the exception of the Swiss franc as Portugal’s long-term government bond ratings experienced a multi-notch cut to junk and received a negative outlook.
Source: Forex.com
05.07.2011
Gold – Last week, trendline break…This week, bear flag break
Last week I highlighted a myriad of bearish technical signs in Gold: Evening Doji Star, Negative Divergence and the break below the 50-day SMA, however the most significant signal was the break below long-term trendline support which had been in place since the beginning of 2011.
Source: Forex.com
01.07.2011
ECB stays hawkish as Athens burns
ECB governor Trichet was speaking at the European Parliament in Brussels this morning and gave investors something other than Greece to focus on.
Source: Forex.com
30.06.2011
Buy the rumor sell the euro?
The recent risk rally continued today on the back of a successful passage of Greek austerity measures. EUR/USD traded from lows around 1.4330 to end just short of its daily highs around 1.4445/50.
Source: Forex.com
29.06.2011
Over to the Greek Parliament
Although the EU authorities may have made progress on getting Europe’s banking sector, French banks in particular, to voluntarily rollover their holdings of Greek debt, potentially extending its maturity by up to 30 years, Athens fate now rests in its own hands.
Source: Forex.com
28.06.2011
Dollar mixed as Greece remains in the spotlight
The dollar was mixed across the board and softer against the euro ahead of this week’s Greek austerity vote and amid soft U.S. economic data.
Source: Forex.com
27.06.2011
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