ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
|
Back To Dominate The MarketsTitle:
Forex - Troika Deadline Looms
Forex News and Events:
The global risky rally sustained its earlier gains in Asian session and continued to push higher. Rejuvenated confidence on a the ability of Greece to secure the Troika second bailout package buoyed risk sentiment yesterday, pushing equities higher and pushed Treasury prices and USD lower. EURUSD climbed to 1.3287 from 1.3100 yesterday while AUDUSD jumped to 1.0844. Asian equities kept the optimism going led by a rally in Shanghai up 2.43% and Hang Seng up 1.47%. Weak ...
Title:
YouTradeFX Daily Market Analysis : 07/02/2012
Fundamental News:
Today's highlight;
· Fed Chairman Bernanke Testifies. (US, 15:00, GMT)
The EUR/USD is trading down at 1.3055 from early 1.3085, having been as low as 1.3028. European trading was a worrisome as investors could not decide what was happening. News from Greece was not promising.
Greece failed to agree on new austerity measures across political parties yesterday, a requirement for the proposed bailout to avoid default in March. There was some progress on bank ...
Title:
Forex - Greece Rejects Greater EU Oversight
Forex News and Events:
With Greek negotiations ongoing but yet to reach a conclusion, media chatter over the weekend was dominated by reports that Germany wishes to have greater oversight of Greece’s budget – a proposal that Greece has readily dismissed. The suggestion was endorsed by German cabinet minister Philipp Roesler, and reflects the widespread scepticism both across the market and amongst policy makers that Greece could struggle to bring its debt down to sustainable levels. Even if ...
Title:
Losses in Asia as Greece and EU summit in focus
Asian stocks dropped on Monday as investors turned cautious increasing their appetite for safe haven ahead of the first EU summit in 2012, awaiting the outcome of the Greek debt talks. The MSCI Asia Pacific Index fell 0.8% at 15:44 in Tokyo.
European leaders will meet in Brussels today for their first summit of 2012 to agree “agree on a balanced budget rule in national legislation”, where job creation and growth will be in focus, while Greece might dominate the talks.
Greece might be on the ...
Title:
Euro, shares weaken as debt worries return
(Reuters) - The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region's largest economy.
German business sentiment rose for the third month in a row in January, beating expectations and offering further evidence that Europe's largest economy may avoid a recession seen as inevitable for much of the rest of the region.
"The widely-spread fear that the euro zone's biggest economy could ...
Title:
EUR Reverses Gains despite Strong Manufacturing Data
The euro turned bearish once again in trading yesterday, as investors continued to revert back to safe-haven currencies following the rejection of Greece's debt swap deal. Positive manufacturing numbers from much of the euro-zone were shrugged off, as fears of further fallout from the region's debt crisis continue to dominate market sentiment. Today, traders will want to focus on US data, particularly the FOMC Statement, as it is likely to dictate the direction the market takes.
Economic News
...
Title:
Gold touches six-week highs as euro recovers
(Reuters) - Gold hit six-week highs on Monday as the euro recovered against the dollar and other commodities climbed, with confidence in the precious metal rising after it recorded three straight weeks of gains for the first time since November.
Gold prices have risen by some 7.0 percent since the end of December, but analysts warned the metal could lose traction if more bad news on the euro zone knocks the euro lower versus the dollar.
Spot gold was up 1.1 percent at $1,675.99 an ounce at ...
Title:
Forex - Fitchs Comments Hurt Sentiment
Forex News and Events:
Asian session was subdued with G10 flows unexceptional. EURUSD bounced around 1.2752 to 1.2807 while AUDUSD made a steady climb to 1.0413 (short of 200d ma) before dropping sharply. Traders will focus on Greek PSI issue as talks are expected to resume today. China headlines once against dominated a quiet session a china official stated support of smaller banks in targeting RRR for Guizhou banks. However, Guizhou is not an industrial center and effect will have limited ...
Title:
European Economic Sentiment improves, Spain runs another successful bond auction
Markets continued the sharp rebound today after the upbeat European economic sentiment and the slowdown in inflation in addition to the Spanish bond sale, where optimism dominated the market since the start of the session today after China grew better than expected in the fourth quarter; however, the upbeat fundamentals and events in Europe supported markets to extend the gains and recover the losses incurred on Friday after S&P downgraded several euro area nations.
The euro zone and Germany ...
|
||||||
