The U.S. dollar remained broadly lower against its major counterparts on Monday, as a lack of progress in talks aimed at raising the U.S. debt ceiling added to fears over a possible default, boosting safe haven demand.
During early U.S. trade, the greenback was fractionally higher against the euro, with EUR/USD dipping 0.03% to hit 1.4354.
Earlier Monday, ratings agency Moody's cut Greece’s sovereign debt rating by three notches to Ca, just one notch above default, after euro zone leaders last week agreed to another EUR109 billion in aid...
Monday, July 25, 2011
Technical Analysis for Major Currencies
EURO
The European currency saw the tendency to move towards the downside hitting the key support at 1.4100, then it managed an upside move until the levels of 1.4130s. Nevertheless, the upside potential is still possible and the Euro just consolidated at the top to gather some strength to move in a bullish trend again.
The trading range for today might be between the key resistance level at 1.4220 and the key support level at 1.4060.
The general trend is up as far as 1. 3270 remains intact targets now at 1.4050 and 1.4220.
Support: 1.4100,...
Can you reliably and rapidly meet All Your news and social media monitoring & sharing needs through a single service?

Newsdesk is a cutting-edge SaaS discovery and sharing service that pinpoints your most relevant content on the Web from 3 million+ sources returning 3 million+ results daily. Faceted search and near real-time analysis combine to give you a powerful media monitoring & intelligence solution. Marketing, PR, Corporate Communications, Research, and Social Media Departments rely on Newsdesk...
Swiss Franc Soars on Greece Downgrade, Uncertainty Over U.S. Debt Deal

The Swiss Franc found robust strength in the Asian and European sessions as investors sought safe haven amid the Moody’s downgrade of Greece as well as developing concerns that U.S. government might default on its debt. The Franc moved back towards its record high against the Euro, with the pair falling as low as 1.1530 in pre-North American trade. The all-time low was set last Monday, at 1.1369....
Saturday, July 23, 2011
Euro Posts Weekly Gain After Two Weeks of Losses

This week was “a mixed blessing” for the euro. For the most part, the currency showed a good performance as worries about the debt crisis subsided, but by the end of the week concerns returned.
The summit of the European Union leaders caused optimism among Forex traders, who anticipated some cohesive plan for dealing...
Euro Drops as Optimism Caused by EU Summit Wanes

The euro declined today on concerns that measures planned by the European leaders on the summit yesterday wouldn’t be enough to contain the sovereign-debt crisis.
The European lawmakers agreed to provide additional aid for Greece, expand the Eurozone bailout fund and allow to use it for purchasing bonds of indebted...
Police arrest 3rd teen in heist of euro stash
STATEN ISLAND, N.Y. -- A third teen has been arrested and accused of breaking into an Annadale acquaintance's home and stealing euros and U.S. cash.
Francisco Berardi, 17, of Galloway Avenue, Port Richmond Center, was arrested Tuesday in connection with the July 6 heist.
According to court papers, Berardi and alleged accomplices Michael McQuillen and Raymond Burt drove to the residence shortly after 1 p.m. Berardi remained in the car as a lookout while his pals entered and snatched $1,065 in European Union currency and $6,000 in greenbacks,...
Forex: NZD/USD ends week with a gain of 200 pips
FXstreet.com (Córdoba) – The Kiwi was among the best performer in the currency market and confirmed its strong momentum. NZD/USD reached a new all time high on Friday at 0.8670 and retreated afterwards to finish the week around 0.8640. The pair posted the fourth weekly gains in a row and has risen 650 pips since June 27.
The appreciation of the Kiwi across the board and outperforming other high yield currencies, has been supported by macroeconomic data.
NZD/CAD rose above 0.8200 for the first time since March 2008 while AUD/NZD posted...
Forex Flash: EUR/USD looks set to recover lost ground – Commerzbank
(Córdoba) - Greek insolvency has been averted for now, sparking relief in the FX markets, so the euro looks set to recover lost ground in the week ahead, according to the Commerzbank analyst team.
"With only a few days left to reach a breakthrough in the US debt limit stalemate, however, it is still too early to sound the all-clear, as a failure by Congress to hike the debt ceiling would result in default on the other side of the Atlantic", said the Commerzbank team. "Against this backdrop, the focus of the FX markets should shift towards...
EU Does Their Part!

Yesterday’s market reaction to the news out of the EU could not have been a more perfect scenario for those searching for a ray of hope that the global economy might actually be able to move forward. News out of Brussels was that indeed a solution to the Euro debt crisis had been agreed upon, going a lot further than most had thought possible.
While the markets are still trying to judge...
Thursday, July 21, 2011
FOREX: Euro Gains May Be Short-Lived as EU Summit Looms Ahead
A busy economic calendar is unlikely to distract traders from their singular focus on a meeting of European Union leaders in Brussels to iron out an agreement on Greece’s second rescue package. The Euro advanced overnight ahead of the summit after a joint statement from French and German governments said President Nicolas Sarkozy and Chancellor Angela Merkel reached agreement on squashing the debt crisis in the Mediterranean country after 7 hours of bilateral talks. Details of the arrangement will be presented at the summit. Historically,...
Forex - GBP/USD higher ahead of U.K. retail sales data
News Forex Online – The pound was higher against the U.S. dollar on Thursday, trading close to a four-week high ahead of the release of U.K. government data on retail sales.
GBP/USD hit 1.6200 during early European trade, the pair’s highest since June 22; the pair subsequently consolidated at 1.6172, gaining 0.13%.
Cable was likely to find support at 1.6039, Tuesday’s low and resistance at 1.6262, the high of June 22.
The pound strengthened against the greenback on Wednesday, after the minutes of the Bank of England’s July policy setting...
Wednesday, July 20, 2011
About
News Forex Online is here to bring you most important Forex news. Notable events from the international political, economical and business life influence financial markets. Be prepared to know what will affect the Forex market tomorrow.
Only reliable news sources are used to present the vital information, that can be successfully used in news trading and Forex fundamental analysis, letting you enhance your trading style and be current with the global situati...
Bank of England Minutes Reveal Few Surprises; Sterling Outlook Murky
The Bank of England released its minutes from its July meeting this morning which showed that the governing council voted 7-2 to maintain its benchmark interest rate at 0.50% as most members of the MPC felt that the recent softening of data meant there was less need for tightening of monetary policy in the short-term. The governing council also voted 8-1 to keep its asset purchase plan at 200 billion...
Subscribe to:
Posts (Atom)