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 Risk appetite has continued to struggle since the Goldman inspired equity market slump on Friday, and EURUSD has also been weighed by the ash-triggered paralysis of European travel networks and the possibility of Greece activating the EU/IMF bailout mechanism appearing ever closer. We are now approaching a critical juncture for the [...]

SEC’s Allegations of Fraud Weigh on Risky Currencies

Forex News and Events: Risky currencies were sold in Asian session, as the SEC’s allegations of fraud and conflict of interest by a US investment bank weighted on investor’s sentiment. The EURUSD sank to 1.3437, while the USDJPY fell to 91.60. While the charges we very specific, there was significant position trimming across asset classes. [...]

Market dwells on hopes of a weekend rescue plot for Greece

The tremendous weight of pressure thrust upon Greece this week and the resultant broad euro currency weakness has electrified market talk that a weekend intervention is a distinct possibility. The euro has rebounded alongside a strong rally for Eurozone stock markets and shares in Greek banking stocks as the market hopes to get a glimpse [...]

EUR/USD All Eyes on Greece (1.3400)

The Euro recovered from a 1.3283 low yesterday, as ECB President Jean-Claude Trichet soothed fears of a Greek default. Trichet not only played down the likelihood of a Greek debt default, but also noted he was not completely opposed to IMF aid. EUR/USD is also getting a boost on growing speculation that assistance to Greece [...]

AUD/USD Rises Towards 2010 high, 0.9330

Trend: Weekly : Sideways Daily: Bullish Hourly: Bullish Support & Resistance: From current levels, 0.9308, the pair finds initial resistance at 0.9330, followed by 0.9410, and 0.9440. Support to watch is the 0.9300 followed by the 0.9270 level, 0.9223 and 0.9192. Strategy: The Aussie is a few pips away from reaching its 2010 high, 0.9330, [...]

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