Post Tagged with: "EUR/USD"
IMF Threatens to Cut Off Greece if €12 Billion of Austerity Isn’t Made in 3 Months
A new report by the International Monetary Fund on Greece requires 12 billion euros of more austerity measures in order to close the funding gap for both 2013 and 2014. The IMF expects Greece to pass these new measures within the next three months. Otherwise, it will withhold the next tranche of aid to Greece, due
Time to Switch a Currency Pair?
Are you trading the same pair all the time? You might feel that you know everything moving it, and all its regular patterns. But perhaps you can’t see the forest for its trees. Maybe it’s time to expand your horizons with other currency pairs. Here are some suggestions. EUR/USD is definitely a great pair to trade:
Friday not the dollar’s day
Friday was a remarkably dim day for the dollar, and yet apart from ‘flows’ it was no easy task to pinpoint an exact trigger for it. During the early afternoon there were some large sell orders for the greenback, especially against the euro – the single currency almost touched 1.32 at one point, after declining
US Inflation Remains Stable
The consumer price index rose by 0.4%, and Core CPI by 0.1%. CPI was expected to rise by 0.4%. Core CPI held expectations for a rise of 0.2%. The dollar retreats after the figures were published. EUR/USD is around 1.3120, and USD/JPY is falling towards the 83.50 line. In the last FOMC Statement, more emphasis
Philly Fed Index Rises to 12.5 – Completes Series of Positive US Figures
The US Philly Fed Index Rises to 12.5. Early expectations stood on a rise from 10.2 to 11.9 points. This is a small positive surprise, and joins other positive US figures released earlier. The Philly Fed Manufacturing Index is a very fresh indicator – for the current month of March, making it of high importance. The
SNB Raises Growth Forecast – Implications for the Euro
The Swiss National Bank left the Libor Rate unchanged, and more importantly left the EUR/CHF floor at 1.20. While this was widely expected, the higher forecasts mean that the franc has a bit more room to rise, and this may weaken the euro, also against other currencies. Swiss Policy The SNB upgraded the 2012 GDP forecast
Fed Leaves Policy Unchanged – Dollar Marching Higher
The Federal Reserve decided not to introduce any policy changes this time. Those that expected QE3, QE3 Lite or anything of that sort are retreating. The initial reaction is a stronger dollar. EUR/USD dropped under 1.31. USD/JPY is a bit higher. It is challenging the 82.87 line. Trading is still choppy – the dollar retreated
Non-Farm Payrolls Rise Nicely in February and January – Dollar Stronger
The US gained 227K jobs in February. January’s number was significantly revised to the upside.The unemployment rate is 8.3%. This is a bit better than expected. This lowers the chance of QE3 in the upcoming meeting on Tuesday. Early expectations stood on a gain of around 200K in the non-farm employment change and an unemployment
Greece scores in extra time
Greece announced the details of the largest sovereign debt restructuring in history this morning, with private sector bond-holders finally recognising that the deal on the table was probably a much better one than they were likely to get by holding out. According to a statement from the Greek government, the participation rate of investors in
Why March 23rd is a Good Date for a Greek Bankruptcy, and What Can Prevent It
If European leaders continue dragging their feet, Friday, March 23rd could be the day that Greece declares bankruptcy. Here is why, and what actions can be made to kick the can further down the never ending road and prevent such an announcement. This date sounds makes sense. Greece has to pay back over 14 billion