Post Tagged with: "ECB"
EUR/USD Dec. 22 – Rising in Range on Thin Air
Euro dollar is making another attempt to move higher, after a breakout yesterday proved to be temporary. Yesterday’s huge indirect QE operation by the ECB is still digested as volume gets thinner before the holiday season. The highly anticipated French downgrade didn’t happen yet. Is S&P waiting for even thinner volume? Today we have important US
Indirect Euro-zone QE at Play?
Spain had a winning streak of bond auctions. It managed to sell more bonds than expected and with falling yields. One reason is the high hopes for the new government, set to assume power soon. Yields rose towards the elections and have been falling since then. Yet not only the high expectations send money towards
EUR/USD Outlook December 19-23
Euro/dollar finally gave in to all the bad news and fell to levels last seen in January. Will we see a new year to date low, or will trading calm down from here? We have quite a few events just before the Christmas holiday. Here is an outlook for these events and an updated technical analysis for
3 Reasons for EUR/USD Under 1.30 – Where Now?
Euro.dollar lost the 1.30 line, but didn’t get too far yet. The pair hit a fresh 11 month low at 1.2970. The year-to-date low is around 100 pips away. This continues the terrible week that the euro is experiencing in the aftermath of the EU summit. For this specific move under 1.30, there are two
Blue skies giving way to cloud
The Financial Times leads today with the cracks in the EU Treaty agreement, but these were already evident even at the start of the week. It seems remarkable that the other eurozone ‘outs’ (such as Finland, Denmark, Sweden, as well as UK and others) are only now asking themselves the obvious questions, such as whether
EUR/USD Dec. 14 – No Time to Lick the Wounds
Euro dollar is holding above the round 1.30 line after the two-step downfall yesterday – a fall that started with no new money from Germany and continued with no new money from the US. The debt crisis will be felt today with a longer-term Italian auction, a vote of confidence in Finland and some fresh indicators.
Lose-Lose Situation for the Euro
If the ECB continues its policy regarding bond buying, the euro is set to fall. If it launches QE, it will likely follow the path of the greenback after QE2, with one specific euro cross set to gain. Christopher Vecchio of DailyFX analyzes the current situation of the euro, the bright side for the pound in the
EUR/USD Breaks Down to 2 Month Low – 7 Reasons
Euro/dollar finally made a move – the pair took a dive through support at 1.3380 and then through a second support line at 1.3212 and is now at a two month low. The hangover from the EU Summit is only one reason in a series that took the pair down. Here is a quick update
A necessary but insufficient ‘compact’
Looking beyond the headlines with regards to the UK’s (and others’) participation or otherwise in the proposed changes to the EU Lisbon Treaty, the “fiscal compact” that emerged on Friday was, at the very least, a step in the right direction. The question is whether it will be seen as enough by the rating agencies
The UK’s place on the outside is a comfortable one (Video)
Much is being made of the UK’s refusal to be taken along with a new treaty change, meaning that the 17 eurozone members must go it alone (although some other euro ‘outs’ may be included), but this should be welcomed from all sides. Given the extensive provisions on monitoring, sanctions and (hopefully) a path towards