Post Tagged with: "EUR/USD"
5 Reasons Not To Cut Rates – ECB Preview
Those expecting a third rate cut from Draghi might be disappointed. The ECB will likely repeat the “business as usual” stance that worked so well last month. There are 5 reasons for the ECB to wait and see for another month. After rate cuts in November and December, the European Central Bank left the rates
Commodities Supportive For Majors – Video Analysis
Hello traders! Stocks are higher and the USD reached new lows against the majors during Asian session. It seems that this type of a price action will continue this week, especially after a sharp impulsive break on EUR/USD yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher
A change of stance at the ECB
So, the farce in Greece continues, but there is good news in reports emerging (e.g. Wall Street Journal) that the ECB is going to give up some ground in relation to its bond holdings, although no official comment on this as yet. The issue has proven to be a key sticking point (see blog last
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
European Cliff Hanger – France
Europe’s second largest economy has multiple fronts. The economy is stuck, as seen in consumer spending. It’s perfect AAA status is all but gone. This immediately risks the AAA status of the EFSF bailout fund. In addition, France holds presidential elections in April. Expectations are for an ousting of incumbent Nicolas Sarkozy by socialist Francois
EUR/USD Loses Channel Support – 4 Reasons
EUR/USD failed to break a line of resistance within the uptrend channel, and the downfall was sharp. It eventually lost uptrend support and is now struggling on lower ground. The never ending Greek troubles are the main reason among 4: EUR/USD tackled uptrend resistance earlier in the week but couldn’t break above this line. The
European Cliff Hanger – Portugal and Ireland
Portugal: Spain’s neighbor in the Iberian Peninsula already received a bailout program and is struggling to keep up. The hidden debt in the island of Madeira as well as the ongoing recession could make Portugal the second domino to fall after Greece does. Here are three scenarios for Portugal: Meddling along: The common scenario has
European Cliff Hanger – Spain
A new government came into power in the last days of 2011. Prime Minister Rajoy announced new taxes and fresh cuts. Europe’s fourth largest economy has a much lower debt pile than Italy and enjoys lower yields. Yet Spain faces a recession. It will be hit hard during the winter which is low season in
European Cliff Hanger – Italy
Italy is becoming too similar to Greece: unsustainable debt, a technocrat government run by an ex-banker and slow moves on reforms. Yet contrary to Greece, Italy is too big to bail. And contrary to Greece, Italy’s problem is mostly a liquidity problem rather than a solvency problem. Italy can certainly avoid PSI, IMF intervention and
European Cliff Hanger – Greece
Europe certainly remains in the limelight during Q1 2012. The Greek debt crisis began at the end of 2009 and has spread to other countries. Apart from countries, European banks are also on the edge. Nothing is secure and trust is hard to find. How long can this leg dragging continue? Perhaps we will see