Post Tagged with: "Ben Bernanke"
EUR/USD Feb.10 – Pressured by Sisyphean Greek Negotiations
Euro dollar is sliding a bit lower after another late night Greek drama. The level of distrust in Brussels is high: Greece is expected to pass tough austerity and commit to the terms also after the elections before getting any aid. At least the ECB has shown more flexibility to provide some help to Greece, in
Forex Daily Outlook February 10 2012
We summarize this week in the UK Fed Chairman Bernanke Speaks and PPI Input in the UK are some of the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Ben Bernanke, Federal Reserve Chairman, is about to speak in Orlando Later in the US, Trade Balance, value
EUR/USD Feb 8 – Bouncing from High Resistance on Slow Greek Progress
Euro dollar bounced off high resistance after the break higher yesterday. Political leaders in Greece made significant steps forward, and also the ECB may be willing to indirectly accept losses on Greek bonds, lowering the debt load on the Hellenic Republic. It seems that Germany counters this concession with a new idea to postpone the lion’s
EUR/USD Breaks Resistance On Greek Hope, Bernanke’s Gloom
Serious progress has been made among Greek politicians in accepting the troika’s demands. In the US, Ben Bernanke refused to cheer the drop in the unemployment rate and found negative aspects to cling to. Both events sent EUR/USD above the 1.3212 line and is now at the highest levels in 2012. It still has room
EUR/USD Feb 7- Waiting in Range for more Greek Cuts
Euro dollar is steady in the middle of the range, as talks between Greek leaders are close to conclusion regarding the terms of the bailout. Greek politicians have little choice, but they want to improve their position before the elections. In the meantime, Germany and France want to segregate the bailout money in a separate account,
QE3 in March has Little Chance
A new jobs report in the US and a deterioration in Europe could still push Bernanke to ease in March, but the chances are very low now. Regarding Greece, it is hard to fully price any outcome of the current round of the crisis, as there are too many moving parts that make the situation
Forex Daily Outlook February 7 2012
In the US Fed Chairman Bernanke Testifies and Building Permits in Canada are the main events lined up, let’s see what awaits us today. In the US, Ben Bernanke, Federal Reserve Chairman, is due to testify in Washington DC. More in the US, Investor’s Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), Economic Optimism
Forex Weekly Outlook Jan. 30- Feb. 3
The US dollar made a big retreat for a second week in a row. Will it continue falling? The Non-Farm Payrolls release is the highlight of a very busy week, which includes many figures from the US . Here is an outlook on the main market-movers coming our way. Ben Bernanke weakened the dollar with
Forex Crunches for the Weekend – January 28 2012
Bernanke’s blow to the US dollar will certainly be felt and discussed for some time. Before the markets reopen, it’s time to enjoy the weekend with some long term reads related to the world of forex. Here are my picks. Also the Greek crisis seems to be moving forward, but this is likely just another
EUR/USD Jan. 27 – Bounces Off Channel Resistance as Euphoria Fades
Euro dollar couldn’t break above uptrend resistance and is now settling in range. The euphoria that followed Bernanke’s moves faded away. The situation around Greece remains tense – a deal on Private Sector Involvement is always close, but it isn’t sealed. Also the ECB’s role is still to be seen. Today we get the initial assessment