Post Tagged with: "EUR/GBP"
Dollar dominance [Video]
Although the euro’s decline below 1.30 is attracting much of the attention in FX markets, it is actually the continuing surge in the dollar which ought to be generating just as much interest. The dollar index jumped to 80.5 yesterday, not that far from the high for the year recorded in the first few days
New European Governments Provide No Remedy
New governments are put in place, but it is becoming clear that it this will not help. The foundations and the basic expectation of creating growth with austerity are the problem here. Christopher Vecchio, a currency analyst with DailyFx.com discusses the European debt crisis, the impact of a possible failure of the US “Super Committee” to reach
Greece holds all the wrong cards
Tuesday was the day that this crisis became too big for the EU to handle. By calling a referendum on last week’s rescue deal for Greece (the cabinet approved last night), Greece is putting itself onto a path of forced default, which could even happen before the referendum (see below for the numbers). It’s worth
Greek relief starting to stall
Signs emerged on Friday that the Greek relief trade that had supported risk appetite in previous days was already running out of puff. S&P’s warning that Italy’s deficit reduction plan contained significant delivery risk, especially their claims regarding the combat of tax evasion, soured the euro’s mood and encouraged some traders to retreat to the
5 Most Predictable Currency Pairs
There are forex pairs which will slow down and bounce back as they get close to a distinct support ro resistance line. If they do have strong, determined momentum, they will break through without looking back. These pairs, that tend to obey the rules, are the more predictable ones. Not all of them are. Here
The noose tightens on the periphery
The defeat of the incumbent socialists in Portugal’s election was of course no surprise, but nevertheless stands as another reminder of the high political price European politicians are paying (Ireland the other recent example) for pushing through the required austerity, either to avoid a bailout or to meet the conditions of one, as in Greece.
EUR/USD and EUR/GBP Technical Analysis
EURGBP: Builds On Recovery Gains. EURGBP- After reversing its intra day losses to close higher on Tuesday and following through higher today, further bull pressure is now building up on its May 09’2011 high at 0.8817. Guest post by www.fxtechstrategy.com A break and hold above there will bring the 0.8896 level, its May 05’2011 high and
EURGBP: Clears The 0.8852 Level, Eyes More Strength
EURGBP- With a clearance of the 0.8852 level now seen, further upside risk is now building up towards its Oct 25’2010 high at 0.8940 level where a break will resume its long term uptrend. Guest post by www.fxtechstrategy.com This will set the stage for more strength towards the 0.9000 level, its big psycho level where the
5 Most Predictable Currency Pairs
Not all currency pairs were born equal regarding technical analysis. Some tend to slow down and halt when getting close to a distinctive line of support or resistance. And if the distinctive line is breached with strong momentum, the break is clear and convincing, with the pair leaving dust behind it and never looking back.
FX Crosses Video: Is Euro headed lower against the majors in 2011?
Hello traders! The FX market has seen some powerful moves over the past few days especially on Aud/Usd, which reached new highs around 1.0300. Well, Australian dollar has also strengthened against the other currencies as well, such as Eur per example, since Eur/Usd remained trapped in 220 pip range. The Eur/Aud lost 700 pips in