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Post Tagged with: "Grexit"

EUR/USD June 1 – Loses Critical Support as Spain Suffers, Before NFP

Euro USD is dipping below another important support line as Spanish yields remain at dangerous levels and no help is at sight. IMF contingency plans for Spain don’t seem serious enough and fail to reassure markets. In Greece, different polls contradict each other and meanwhile state coffers run low. In the US, a wide array of data is released, and it will grab some attention  with the all important Non-Farm Payrolls, which are expected to show continued gradual job gains. How low will the pair close the week?

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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Greece Already has Plan for Parallel Currency to Euro – Russian Central Banker
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Greece Already has Plan for Parallel Currency to Euro – Russian Central Banker

Sergey Shvestov, the vice president of Russia’s Central Bank, said that Greece already has a plan to introduce its own currency, in parallel to to the euro.  He said it with high certainty. Making contingency plans for different options is the right thing to do for anyone, but saying it about Greece and with such a

Published by on May 24, 2012 19:47
EUR/USD Free Falling to a 22 Month Low

EUR/USD Free Falling to a 22 Month Low

EUR/USD is diving to fresh 21 month lows after the US New Home Sales exceeded expectations. This was just the camel that broke the camel’s back. An earlier dip, following comments regarding a euro exit ended in a short lived recovery. The weekly chart provides the big picture for this dive: We now have the

Published by on May 23, 2012 17:14
AUD/USD Falls Deeper in Downtrend Channel

AUD/USD Falls Deeper in Downtrend Channel

The Australian dollar is certainly suffering from the fresh US dollar storm. After a temporary escape from the downtrend channel earlier in the week, AUD/USD quickly returned, and is digging deeper in the downtrend channel. The growing prospects of a Greek exit from the euro-zone push the “safe haven” greenback higher across the board. As

Published by on May 23, 2012 17:14
Canadian Dollar Closer to Year Lows Against US Dollar

Canadian Dollar Closer to Year Lows Against US Dollar

The Canadian dollar isn’t strong enough to weather another US dollar storm. The better-then-expected New Home Sales in the US were a trigger for a stronger dollar across the board. USD/CAD shot above resistance and is now close to the highest levels in the year, recorded in January. The weaker than expected core retail sales

Published by on May 23, 2012 16:55
EUR/USD May 21- Recovery Reaches Limits
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EUR/USD May 21- Recovery Reaches Limits

Euro/dollar continued its recovery from Friday but met resistance and fell back. Polls in Greece show that the elections certainly look like a referendum on the euro membership. In Spain, the talks about a bailout refuse to leave. Is the correction over? Here’s an update on technicals, fundamentals and what’s going on in the markets. EUR/USD

Published by on May 21, 2012 11:41
EUR/USD May 18 – Getting Closer to the Cliff as Spain Bypasses Greece in Negative Headlines

EUR/USD May 18 – Getting Closer to the Cliff as Spain Bypasses Greece in Negative Headlines

Euro/dollar is gradually drifting towards the year’s low and suffers from unconvincing bounces. In Greece, some polls show a lead for the pro-bailout parties for a change and some of the worries of a bank run are downplayed for now. Nevertheless, Spain is in deeper trouble, with talks about a silent bank run on Bankia combined

Published by on May 18, 2012 12:26
How to Trade the Greek Euro Exit with EUR/USD
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How to Trade the Greek Euro Exit with EUR/USD

Greece is close to leaving the euro-zone in a process that is accelerating rapidly. This rare event, even if highly anticipated, is expected to trigger high volatility and provide trading opportunities.  Here is an explanation about the background, when can it be expected, how markets are likely to react and two ways to trade it

Published by on May 17, 2012 12:34
Ireland Eyes a Change in Bailout Terms, Following a Potential Spanish Solution

Ireland Eyes a Change in Bailout Terms, Following a Potential Spanish Solution

Spain hasn’t fully taken care of its struggling banking system, but a potential solution is already eyed by Ireland, who got a bailout (austerity included) due to its banks. Ireland, which is marked as a potential victim from the Greek exit of the euro, could demand changes to a bigger domino: Spain. Spain and Ireland

Published by on May 15, 2012 23:35
Grexit Effects on Euro Could be Limited Without Contagion

Grexit Effects on Euro Could be Limited Without Contagion

A Greek exit of the euro-zone is uncharted territory and would certainly hurt the euro. Yet without contagion to other countries, the situation could improve for the common currency, says John Kicklighter of DailyFx. In the interview below, Kicklighter analyzes the situation in the euro-zone, the implications on the EUR/CHF peg, the fortunes of the

Published by on May 15, 2012 16:09
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