Post Tagged with: "greek crisis"
EUR/USD Breaks Down on Contagion
Yesterday it was Spain and today its Portugal – EUR/USD broke below another important technical barrier and continues the free-fall. An update on European events and on technical levels for EUR/USD. Moody’s put Portugal on review for a credit downgrade. This took EUR/USD to the next level – the 1.2886 support line, which was the
Dollar Bulls Raging – Will the trend continue?
The US dollar is on the move – fresh American data and fresh European worries send EUR/USD to new lows.Also other currencies are surrendering to the dollar – the US dollar index gave us signs of this breakout last week. Now it happens. You can guess which currency stands firm against the dollar. A sustainable
EUR/USD Recovers on Ifo Business Climate – Will it hold?
German Ifo Business Climate came out better than expected, rising above 100 for the first time since May 2008, and helps the Euro temporarily recover from the Greek tragedies. Similar to the ZEW index earlier in the week, Germany’s Ifo Business Climate was expected to rise from 98.1 to 98.9, but instead of edging up,
Dollar Index Shooting Up
Many signs of recovery seen in the US send the dollar higher across the board. With a little help from Greece as well. A look at the big picture. After an alarming rise in unemployment claims last week, they dropped back down – from 480K to 456K, getting back in the zone. This breaks the
Will European Figures Beat Greek Fears?
The German ZEW economic sentiment rose to 53 points, far better than expected. This helps EUR/USD stabilize after a few bad days. Other figures also shined on the Euro. Will the figures overcome the Greek fears? Update on the factors moving the Euro. After 6 months of drops, some of them which were a big
It isn’t over – Greece will continue weighing on the Euro
The details of the bailout plan sent the Euro far up on a weekend gap. While the gap isn’t filled, the troubles are far from over, and a new fall can happen anytime. 30 billion euros from the European Union in safety net money were promised to Greece just before the markets opened. This caused
American Indicators, Greece and Gaps in the Video Outlook
On the weekly interview on Forex TV, I spoke with Julie Sinha about technical this week’s major events, the impact of Greece on markets, technical levels of all the majors and where the action is. Enjoy! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free
Dramatic Weekend Gaps and Breakouts on Greek Bailout
The emergency announcement of a 30M euro mechanism to bail Greece out sent EUR/USD high above the close. Other currencies made significant leaps as well – some are big breakouts.Is it here to stay? We’ll know quite soon. The European finance ministers made an unusually timed teleconference on Sunday, and came out with a dramatic announcement –
EUR/USD – 3 Reasons Why This Fall Will Be Strong
EUR/USD is below 1.34 once again, erasing the neat recovery made after the Greek accord. Here is why I think this move will be sharper and why the pair will drop lower. EUR/USD began a dip on thin Easter Day trading on worries about the Greek austerity plan. These worries became stronger. The Greek crisis
Full Recovery for EUR/USD? Not So Fast
EUR/USD enjoyed an active Asian session to make very significant gains in the wake of the new week. With the back wind of the Greek plan, is the Euro changing directions? Not so fast. During the Asian session, EUR/USD made a move above 1.3423. This was the previous support line. When the pair was trading higher,