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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Euro Archive
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FX Forecast Update: Still Some Headwind Left for the Euro
Posted on June 18, 2010 | No CommentsThe huge rescue package announced on 9 May only gave a brief boost to the euro and EUR/USD fell in the beginning of June for the first time in four years below 1.20. However, we doubt the trouble is over for the euro and now... -
USD Runs Out Of Steam As Euro Expected To Bounce
Posted on June 12, 2010 | No CommentsThe euro traded near a one-week high against the dollar and the yen as concern waned that Europe’s debt crisis will derail global growth. Europe’s currency was also poised to end its longest stretch of weekly losses against the yen as stocks advanced around the... -
Weekly Review and Outlook: Dollar Index Targeting 2009 High on Euro Weakness and Risk Aversion
Posted on June 6, 2010 | No CommentsEuro dived through 1.2 level against dollar last week on a couple of factors. Comments from Hungarian officials sparked concern that debt crisis in Europe is spreading over Europe. ECB warned of loan losses in its financial stability report. The ultra-safe overnight deposits with ECB... -
Mid-Day Report: Dollar Stronger on Iran Euro Sales Rumor
Posted on June 2, 2010 | No CommentsDollar is slightly firmer today on rumors that Iran central bank began the process to reduce euro reserves from 55% to 20-25% and convert them to dollar and gold. The first stage of sales has started, which involves selling of 15b euros and is expected... -
Mid-Day Report: Euro Extends Recovery as Funding Tensions Eased
Posted on May 28, 2010 | No CommentsMarkets remains generally steady in early US session. Data showed consumer spending in US was unexpectedly flat in April versus expectation of 0.3% growth. Personal income also rose less than expected by 0.4%. Major currencies are mildly lower against dollar and yen after the release.... -
Euro and Stocks Lifted by China’s Affirmation, Dollar Index Failed 87.46 Resistance Again
Posted on May 28, 2010 | No CommentsGlobal markets managed to ride on China’s affirmation of Europe’s status as one of the key investment markets and rebounded strongly. Commodities lead the way in rebound against dollar and yen with AUD/JPY and NZD/JPY leading the top movers table, up 4.1% and 3.8% respectively.... -
Euro Pressured Again by Spain BBVA Rumor, Risk Aversion Coming Back as Stocks Rebound Short-Lived
Posted on May 26, 2010 | No CommentsEuro’s recovery was rather short lived and resumed weakness today on concern of banks in Spain. Rumors circulate in the markets that Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest bank, was unable to renew $1b of short-term funding. German five-year notes auction was also poor... -
Mid-Day Report: Euro Soft in Consolidative Markets
Posted on May 26, 2010 | No CommentsWhile markets are generally in consolidation today, Euro is noticeably soft. EUR/CHF has another fall to as low as 1.4175. EUR/AUD and EUR/CAD dive to 1.4754 and 1.3065, way off last week’s high of 1.5455 and 1.4710 respectively. EU unveiled its proposal for EU countries... -
Mid-Day Report: Stocks and Euro Hit by Spain, But Loss Limited
Posted on May 24, 2010 | No CommentsMarkets sentiments are mildly hit by renewed concern in the financial health of Eurozone countries. European major indices give up earlier gains and turned read but loss is so far limited. DOW opens lower but is being resilient to 11000 level so far. Crude oil...