Forex: The Risk Today
April 21, 2010 by Forex District · Leave a Comment
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 [...]
Forex: The Risk Today
April 19, 2010 by AC-Markets · Leave a Comment
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 [...]
Forex: The Risk Today
April 9, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd So it seems that yesterday’s early push to lows of 1.3286 was as far as the bearish momentum could take us, and the major 25 March lows at 1.3268 have not looked threatened since. Indeed, despite the ample supply of depressing economic news and Greek bond market mayhem, EURUSD has now [...]
Forex: The Risk Today
April 8, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd Our head and shoulders pattern on the daily chart is now complete after hitting its target of 1.3330 yesterday afternoon, and securing over 100 pips of profit. As we had asserted previously, there was a good chance that the sell-off would overshoot our original target given that next downside support does [...]
Flurry of risk aversion boosts yen and dollar
April 7, 2010 by Interactive Brokers · Leave a Comment
An early morning rally for the dollar in New York has seen the single European currency surrender gains it made following dovish remarks released in the March FOMC minutes. The euro had clawed back losses inspired by unfounded reports circulating yesterday suggesting that it was trying to unshackle itself from IMF aid carrying possibly stringent [...]
Forex: The Risk Today
April 7, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd It’s slow going in the currency markets with sparse economic data to shrug off the residual long-weekend sluggishness; however we do have something to smile about as the head and shoulders pattern we highlighted yesterday is playing out according to plan; with the break of the 1.3460 neckline triggering a continued [...]
FOMC Minutes Broadly Predictable
April 7, 2010 by AC-Markets · Leave a Comment
Forex News and Events: The USD continues to make headway, as the optimism around the US grows and concerns of the Greek agreement erodes confidence in the EUR. However, lack of substantive drivers makes us expect a slight pullback in USD strength near term. Yesterday’s release of the FOMC meeting minutes showed that the Fed [...]
Forex: The Risk Today
April 1, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd The confluence of good European data, shockingly negative ADP payrolls and suspected quarter-end buying interest fuelled EURUSD higher yesterday; rallying relentlessly off the 1.3384 lows to 1.3561 highs so far. With the suitcases packed and planes booked for Easter holidays, it’s likely that liquidity will start thinning out acutely going into [...]
