The euro posts gains this week even though it’s unclear whether Greece would receive the next portion of the planned ?130 billion bailout. The future of the euro remains uncertain as a good outcome of the Greek story is in no way guaranteed. 26 Vote(s) Read More Euro Posts Weekly Gains, Future Remains Uncertain
Read More Australian Dollar Sideways Trend Remains For Now
“Standard and Poor?s spared almost no one as it downgraded the sovereign credit ratings of major… For more information, read our latest forex news. Read More Forex Flash The euro remains at a potential crossroads after SdanP donwgrades DailyFXcom
FXstreet.com (San Francisco) – Monday saw EUR/JPY maintain its downward movement in a continuation… For more information, read our latest forex news. Read More Forex EUR JPY remains below 10000
Canada’s gross domestic product fails to expand for the first time in five months in October, reflecting lower pace of recovery in the world’s tenth largest economy which has been vulnerable to spreading sovereign crisis in Europe and overheating domestic housing market. Read More Loonie Remains Strong despite Flat October Canada GDP
FX markets were relatively quiet with the U.S. dollar gaining slightly within recent ranges as risk sentiment was weighed by EU debt concerns. The buck was firmer against all of the G10 currencies except the NOK and CAD, with the strongest gains coming against the high beta currencies AUD and Read More USD Firmer But [...]
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 [...]
The New Zealand dollar fell today as the continuing problems in the European Union ensure that risk aversion sentiment remains in place, damping the attractiveness of the currencies related to economic growth.(…)Read the rest of NZ Dollar Drops as Sentiment Remains Unfavorable (61 words) Posted on Forex News. Read More NZ Dollar Drops as Sentiment Remains Unfavorable
Last week’s euro scalp continues trade within our setup with precision as the pair holds below key Fibonacci resistance. Fresh pound targets are now identifiable with a rebound off today’s lows offering optimal entry on short scalps. Here are the levels to watch. Read More EUR USD, GBP USD Scalp Setups Bearish Bias Remains Intact
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