Forex: The Risk Today

The Risk Today: EurUsd EURUSD just can’t seem to get a break lately, as even the slightest glint of bullish momentum is soon quashed by fresh concerns that a potential bailout of Greece might not be workable, or that it may drag the rest of its Eurozone counterparts down into the mire with it. Looking [...]

Traders Focus Returns to Greece

Forex News and Events: With the Goldman Sachs story clearly fading from the markets collective memory and meteorology bugs sent back to the weather channel, investors once again had time to focus on Greece. Yesterday Greece raised €1.95 billion ($2.63 billion) through a 3-month Treasury- bill auction to yield 3.65%. While demand was firm and [...]

EUR/USD Weakens on Goldman, Greece Concern

The Euro weakened at the start of the week as the SEC’s allegations against Goldman Sachs dampened demand for riskier currencies. The fraud allegations should only have near term reaction as global fundamentals continue to point to a firm recovery. Greece continues to be the biggest pressure on the single currency as the outlook remains [...]

Forex: The Risk Today

The Risk Today: EurUsd Whoa momma! Yesterday’s persistent bearish momentum finally triggered a definitive break down through critical 1.3425 support and has since followed through to lows of 1.3284 today –with sellers lining up in the wings to get short on any pause in the sell-off. This development confirms in our mind that the 3-4 [...]

EUR/USD Limit Sell at 1.3458

The Euro weakened further in Asia to bottom at 1.3284 for now. Rallies are likely to be met by selling pressure as concerns over Greece and now other European countries continue to hamper   sentiment towards the common currency. Overnight, People’s Bank of China Vice Governor Zhu Min, was quoted by DJ as saying, Greece is [...]

FXD Trade Update

EUR/USD The 1.3464 found strong demand to drive the pair towards the 1.3570 area. No resolution has yet been found on Greece and mixed messages from politicians continue to hit the wires. This is likely to see the Euro struggle on rallies. Both entries are still valid. View original analysis here. Limit Sell 1 unit [...]

Trichet Speaks Before the European Parliament

“As a rule, the President of the ECB appears five times per year before the European Parliament (EP).” Agenda: Introductory remarks by Sharon Bowles, Chairwoman of the Committee on Economic and Monetary Affairs Speech by Jean-Claude Trichet, President of the ECB Q&A with members of the European Parliament.” Traders will be focusing on comments regarding [...]

GBP/USD Resistance at 1.5150

The Pound weakened further at the start of the week as risk aversion and UK debt and economic concerns linger. Fears of a double dip recession, risk aversion, debt, and political uncertainty are likely to keep the Sterling on the back-burner. Near term bias is tilted to the downside ahead of the annual budget release. [...]

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