2010-03-31: Euro Trading Lower on Financial System Worries, Positive U.S. Consumer Confidence The Dollar rose versus the EUR, but was mixed in the other major crosses after renewed concerns over the European banking system weighed on the EUR and other riskier, higher yielding currencies. EUR/USDThe 2 hour and daily RSI are floating near the oversold [...] [...more]
2010-03-31: Euro Trading Lower on Financial System Worries, Positive U.S. Consumer Confidence The Dollar rose versus the EUR, but was mixed in the other major crosses after renewed concerns over the European banking system weighed on the EUR and other riskier, higher yielding currencies. USDThe greenback rose versus the EUR but was mixed against the [...] [...more]
2010-03-30: Volatility for Sterling Forecasted Following UK IndicatorsSterling traders can expect a busy trading day today as the U.K Nationwide HPI and Current Account reports are likely to shake up the market. The reports, scheduled for 06:00 GMT and 08:30 GMT respectively, may provide the Pound with the necessary momentum to make gains on both [...] [...more]
2010-03-30: Volatility for Sterling Forecasted Following UK IndicatorsSterling traders can expect a busy trading day today as the U.K Nationwide HPI and Current Account reports are likely to shake up the market. The reports, scheduled for 06:00 GMT and 08:30 GMT respectively, may provide the Pound with the necessary momentum to make gains on both [...] [...more]
2010-03-29: Non-Farm Payrolls Week BeginsLast week ended with a recovery for the Euro, mainly due to speculations that the Euro-Zone will offer a bailout plan for Greece. This week’s trading will continue to be affected by the Greece debt crisis, yet the big move of the week is expected on Friday when the U.S. Non-Farm [...] [...more]
2010-03-29: Non-Farm Payrolls Week BeginsLast week ended with a recovery for the Euro, mainly due to speculations that the Euro-Zone will offer a bailout plan for Greece. This week’s trading will continue to be affected by the Greece debt crisis, yet the big move of the week is expected on Friday when the U.S. Non-Farm [...] [...more]
2010-03-26: EUR Drops to 10 Month Low over Trichet’s Criticism of IMF Involvement The EU economic summit will likely be the focus today, as the final Greek rescue plan is expected to be delivered today. A satisfactory plan may provide the much needed push to the EUR which was plagued by the debt issues in [...] [...more]
2010-03-26: EUR Drops to 10 Month Low over Trichet’s Criticism of IMF Involvement The EU economic summit will likely be the focus today, as the final Greek rescue plan is expected to be delivered today. A satisfactory plan may provide the much needed push to the EUR which was plagued by the debt issues in [...] [...more]
2010-03-25: EUR/USD Falls on European Fiscal ConcernsThe Dollar rallied broadly, while the EUR fell to 10-month lows on Wednesday, as a ratings firm downgraded Portugal, adding to worries over debt sustainability and growth in some of euro zone’s smaller countries. That supported some safe-haven flows into the U.S. dollar. EUR/USDThe Stochastic Slow on the 4-hour [...] [...more]
2010-03-24: EUR/CHF Reaches All-Time Low!Investors saw mixed signals regarding the Greece bailout plan. However, the European Union (EU) meeting on Thursday may end the uncertainty surrounding the aid program. Meanwhile the EUR has hit an all time low against the Swiss Franc, down more than 100 pips yesterday; currently the pair is trading at 1.4230, [...] [...more]
