Euro/dollar finally gave in to all the bad news and fell to levels last seen in January. Will we see a new year to date low, or will trading calm down from here? We have quite a few events just before the Christmas holiday. Here is an outlook for 40 Vote(s) Read More EUR USD [...]
Posted in FX News | Tagged 1923, december, eurusd, outlook |
The New Zealand dollar couldn’t withstand the European storm and dropped for another week. NBNZ Business Confidence, Current account and GDP are the highlight of this week. Here’s an outlook for the events in New Zealand, and an up 40 Vote(s) Read More NZD USD Outlook December 1923
Posted in FX News | Tagged 1923, december, nzdusd, outlook |
As the echoes of the distracting debate on the UK’s EU isolation fade not least with the UK’s inclusion in coming discussions on the fiscal reforms the market has focused on the fact that the latest summit did precious little to avert a deepening crisis. The early part Read More The ECBs Uncertain Stimulus
Posted in FX News | Tagged ecbs, stimulus, the, uncertain |
Natural gas prices renewed their downward trend and sharply declined during last week, mainly during the first half of last week. The late arrival of winter in the U.S. may have been among the contributing factors for the sharp drop in natural ga 27 Vote(s) Read More Natural Gas Prices Weekly Recap 1216 December
Posted in FX News | Tagged 1216, december, gas, natural, prices, recap, weekly |
The euro’s resistance seems to have worn thin. During the course of the year, the single European currency has rallied repeatedly in the forex market despite the escalating debt crisis. The average EUR-USD exchange rate for this year will probably have risen to just under 1.40, after 1.3270 in 2010. Read More Euro on the [...]
Posted in FX News | Tagged euro, on, retreat, the |
Crude oil prices sharply declined during last week following many commodities traders’ disappointment from the FOMC meeting for not issuing another stimulus plan that may have pushed up the price of commodities. 25 Vote(s) Read More Oil Prices Weekly Recap 1216 December
Posted in FX News | Tagged 1216, december, oil, prices, recap, weekly |
Last week I wrote about the puzzling market reaction to the disappointing EU Summit, but the delayed response finally came at the start of this past week’s trading. EUR/USD collapsed below recent range lows in the 1.3220/50 area, forcing a flood of option-related selling on the break down, before bottoming Read More EUR Finally Caves [...]
Posted in FX News | Tagged caves, downside, eur, finally, focus, in, remains |
Following the success of the channel pattern formed on EUR/USD H4 chart last week, the price has created another channel opportunity for Forex traders. The new descending channel is quite long – it begins on November 1st, and the borders of the p 34 Vote(s) Read More Descending H4 Channel on EUR USD Chart
Posted in FX News | Tagged channel, chart, descending, eurusd, h4, on |
Spain and Italy were both told to brace for a debt downgrade after a leading rating agency concluded that a “comprehensive solution to the eurozone crisis is technically and politically beyond reach”. Read More Spain and Italy warned of downgrade as Moodys cuts Belgium by two notches
Posted in FX News | Tagged and, as, belgium, by, cuts, downgrade, italy, moodys, notches, of, spain, two, warned |
Deputy Prime Minister tells French PM Francois Fillon ‘remarks about British economy simply unacceptable’, as Fitch places six countries on watch for possible downgrade and Moody’s downgrades Belgium. Read More Debt crisis as it happened December 16, 2011
Posted in FX News | Tagged 16, 2011, as, crisis, debt, december, happened, it |
