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BearishTitle:
Euro leaps to eight-week peak vs dollar on Greece deal optimism
(Reuters) - The euro rallied across the board on Tuesday, hitting an eight-week high against the dollar on optimism that Greece is about to agree on a bailout deal that will enable it to avoid a messy default.
A Greek official's statement suggested that the Greek government has completed negotiations with lenders on its 130 billion-euro rescue package, although agreeing to the painful austerity measures that come with the bailout could be a challenge.
Greek political leaders had balked at the ...
Title:
Euro scales 8-week peaks on optimism over Greek deal
(Reuters) - The euro gained across the board, hitting eight-week highs against the dollar on Tuesday, after a Greek official said the government is drafting an agreement on a bailout deal that will be put before political leaders for approval later in the day.
The official's statement suggested that the Greek government has completed negotiations with lenders on its 130 billion-euro rescue package, although agreeing to the painful austerity measures that come with the bailout could be a ...
Title:
Dukascopy Afternoon Forex Overview : 07/02/2012
Fundamental Analysis
EUR
17-nation currency slipped against most of its peers before Greece's PM Papademos meets with politicians from three leading parties as officials still cannot agree on debt reduction plan. The meeting scheduled on Tuesday. Greece representatives and creditors still have to agree on EUR 600 million of fiscal measures for this year. Euro declined 0.2% to USD 1.3109 in London trade. Currently EUR/USD is trading at USD 1.3116.
USD
US President Obama ordered to freeze all ...
Title:
Euro slips as Greek deal optimism runs thin
(Reuters) - The euro slipped against the dollar on Tuesday but stayed within its recent range as investors waited to see whether Greece will agree to painful austerity measures that are crucial for a rescue package to avoid a messy debt default.
Optimism over Greece waned during the European session, dragging stocks and risk-sensitive currencies including the Australian dollar down from their highs.
For Greece, failure to secure the 130 billion euro ($170 billion) rescue would mean it faces a ...
Title:
Euro supported by Greek hopes, Aussie buoyed by RBA
(Reuters) - The euro held its ground against the dollar on Tuesday as most traders clung to hopes Greece would finally clinch a rescue package despite its politicians postponing a decision to accept painful terms by yet another day.
Greek optimism also helped equities and other risk sensitive currencies including the Australian dollar. The Aussie also got a boost when the Reserve Bank of Australia surprisingly kept interest rates steady at 4.25 percent.
Failure to secure the 130 billion euro ($ ...
Title:
Lack of Greek Deal Sends EUR Tumbling
The euro was largely bearish yesterday, after Greece once again failed to come to an agreement with its creditors to restructure its debt. Losses were seen against most of its main currency rivals, including the US dollar, Japanese yen and British pound. Today, in addition to any euro-zone developments that may occur, traders will want to pay attention to a speech from the US Fed Chairman at 15:00 GMT. Any positive statements could help the USD extend its recent bullish trend.
Economic News
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Title:
Technical analysis of the EUR/CHF pair on February 7th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF found resistance yesterday on 1.2080 and is now back on the support at 1.2060.
All indicators are bearish.
The pair is still moving into its long term bearish channel (black lines).
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.20 and 1.1950 will both give a new sell signal.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positons.
See the previous analysis of the EUR/ ...
Title:
Technical analysis of the EUR/GBP pair on February 7th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has validated yesterday the breakout of 0.83, offering a new sell signal.
Then, the pair found support on the midline of its long term bearish channel (purple lines).
The pair is currently testing a return above 0.83.
All indicators are bearish.
We maintain to trade the pair according to 0.8350:
- Long above this level. The breakout of 0.84 will give a new buy signal
- SHort below this level. The breakout of 0.8250 will give a new sell signal.
...
Title:
Technical analysis of the EUR/JPY pair on February 7th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has faked yesterday the breakout of 100 and is now going to test the resistance at 101.
On the short term, the pair got out of its bearish channel (black lines).
The pair is still moving above its long term bullish slant (purple line).
Indicators are mitigated.
We stay neutral on the pair between 100 and 101.
We advise to wait an exit of this range to take position:
- Long if 101 is broken. The breakout of 102 will give a new buy signal
- ...
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