Post Tagged with: "EUR/USD"
Forex War – Will Europe Join?
In this deep economic crisis, everyone wants a weak currency. Europe’s export-oriented economy is suffering from a strong currency, especially after the moves from Switzerland and from America. Will they stay on the sidelines or intervene? The Japanese economy is export based, and has significantly suffered from the global economic crisis. A strong currency is
EUR/GBP Bounced on Resistance Line
EUR/GBP tested the 0.95 resistance line and bounced back down. This came on the background of falling Industrial Production in Europe and stablization of the dollar selling. EUR/GBP tried breaching the 0.95 resistance line, which was the high point in the end of December. The EUR/GBP reached a high of 0.9475 before retracting significantly back to
EUR/GBP Moving Up on British Unemployment, Trichet Optimism
EUR/GBP made a 100 pips move upwards today, with soaring British Unemployment and Trichet’s optimism pushing the Pound down and the Euro up. EUR/GBP now trades at 0.9390, after breaking last week’s high of 0.9318 which it reached last week. During the day, it passed the 0.94 mark, hitting a high of 0.9414. The Euro
Dollar Falls on China Debt Fears, Toxic Asset Plans
The US dollar is falling across the board at the beginning of the new forex week. This happens against all the currencies, except the Yen of course. Toxic Asset Plan by Geithner and China Debt Fears are driving the dollar down. The forex week began with a weakening of the US dollar: it lost ground
Forex Daily Outlook – March 16th 2009
The week starts with CPI in Europe, American Empire State Manufacturing Index, TIC Long-Term Purchases (amidst serious debt fears) and a few other interesting economic releases. Let’s take a look… British Rightmove HPI rose by 0.9%. This surprising rise in house prices isn’t common in Britain. GBP/USD now trades at 1.4070 In Europe, CPI is expected to rise
Forex Links for the Weekend – March 14 2009
Here are some very interesting reads that I’ve gathered this week from blog / sites that I like and read regularily: FX360 talks about the G20 summit in Sussex, reviewing past G20 and G7 meetings. Lena seeks a breakout in the most popular pair, EUR/USD. FX Instructor makes a good technical summary on the same pair:
EUR/GBP Broke Downtrend Resistance
EUR/GBP made a strong move upwards, and broke resistance on the daily chart. Terrible Manufacturing Production in Britain pushed the Pound lower, while other currencies gained against the greenback. Parity now? Yesterday’s bad banking news from Britain pounded the pound. This was especially seen in the GBP/USD currency pair, as the Pound fell below 1.40,
NFP Effect Roundup
Non Farm Payrolls were in line with the official expectations – a fall of 651K jobs, but the affects on the forex market were fascinating, and can teach us some things for the next release. Let’s walk through the market alleys and find some precious currency correlations: Official expectations were a drop of 647,000 jobs
Forex Daily Outlook – March 5th 2009
Very big day today at the forex market. Rate decisions in Europe and Britain will dominate the scene. Big swings can also be caused by US Unemployment Claims, and some serious releases from both Australai and Canada. Let’s see what’s in there… Already at 00:30, news come from the land down under: Australian Building Approvals are
USD/JPY on the March
The Japanese Yen began retreating today, with the USD/JPY above 99. It comes ahead of the ADP Non-Farm Employment Change and of the ISM Non-Manufacturing PMI – two major US figures that will shake the markets. USD/JPY crossed the 99 mark, and is now trading at 99.33. The break of 98.70 resistance line came in the late