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 [...]

EURUSD Rebounds For Now, But Eurozone Still Not Out Of the Woods

Forex News and Events: What a difference a day makes… If the performance of EURUSD is anything to go by, the swirling pessimism surrounding Greece and the integrity of the Eurozone as a whole seems to have been neutralized by France and Germany’s agreement to cooperate on a bailout should that become necessary. EU Economic [...]

EURUSD recovers after Trichet “happy” about IMF involvement

Market Brief The USDJPY pair traded at 92.43 earlier today declining from yesterday’s high of 92.95 after failing to break the 93 level on speculation Japanese exporters took advantage of its largest weekly loss this year to purchase the currency before the country’s fiscal year ends next week. Japan’s core consumer prices were -1.2% from [...]

Afternoon Forex Overview

Previous session overview The dollar pared a small loss against the euro Thursday, following a major rally on the shared currency in the prior session, amid reports that European Union leaders are leaning toward lending support to Greece in conjunction with loans from the International Monetary Fund. The dollar index, which measures the greenback against [...]

Slim Chances of Greek Aid May Hit the Euro

For over a month, EUR/USD has been consolidating,  between 1.3450 to 1.3800, on continuous uncertainty over Greece and aid support from the European Union. This week’s EU summit, Thursday and Friday, is likely to provide the catalyst to shape a new trend. At these levels, investors remain cautious as uncertainty prevails. Some recent commentary, events, [...]

Afternoon Forex Overview

Previous session overview The dollar is higher late Tuesday morning, but relinquished much of its advance after strengthening stocks propelled a rebound in the euro and other risk-sensitive currencies. The euro was little changed against the greenback in late morning trading after recovering from earlier losses, although it hit a record low against the Swiss [...]

Dollar at an impasse amid growing Eurozone angst

The U.S. dollar is once again in the driver’s seat as speculation grows that European Union ministers will fail to devise an agreement over a financial aid package on behalf of Greece at this week’s European summit. Investors are growing ever more skeptical about the ability of the euro to retain its value set against [...]

Confidence in a EU Solution for Greece Fades

Forex News and Events: t’s becoming apparent that any confidence in an agreement on aid to Greece by the close of the EU summit in Brussels is eroding quickly. The EUR and GBP, the two primary recipients of FX risk reduction, have come under renewed selling pressure (while safe haven trades, USD, JPY and CHF [...]

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