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ContinuesTitle:
Euro, stocks gain on Greece bailout hopes
(Reuters) - The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro rallied after Greece appeared to be close to terms on a 130-billion-euro bailout. A government official said Athens was drafting a list of painful reforms to clinch a new financial package, moving it a step closer to a deal that is needed to avoid a chaotic ...
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Wall St edges up as Greece draws up bailout terms
(Reuters) - Stocks edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that is critical to the country avoiding a chaotic default.
Greek officials worked on the draft of a text on the 130-billion-euro bailout plan that will be put to political leaders for approval while strikers protesting against more austerity tussled with police outside parliament.
A light U.S. economic calendar this week shifted investor focus back to the euro zone. With ...
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Aussie Jumps to Six-Month Record as Stevens Surprises Traders
The Australian dollar climbed today, erasing yesterday’s losses versus the US dollar and the Japanese yen and reaching the highest level in six months against the greenback, after the Reserve Bank of Australia surprised Forex traders by keeping its interest rates unchanged.
The Australian currency was falling yesterday as a report showed that retail sales fell 0.1 percent (on a seasonally adjusted basis) in December from November. Another reason for the drop was a deteriorating sentiment about ...
Title:
Dukascopy Morning Forex Overview : 07/02/2012
Fundamental Analysis
EUR
"There is at least still sufficient demand for goods ‘made in Germany’ to keep the industrial engine running in 2012"
- Carsten Brzeski, senior economist at ING Group
German factory orders increased more than expected in December as demand from overseas helped the euro zone’s largest economy to weather the debt crisis. Orders rose 1.7 per cent, after declining 4.9 per cent in November, said the Economy Ministry on Monday.
USD
"You wonder when people are going to look ...
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SunBirdFX Daily Market Analysis : 02/07/2012
www.sunbirdfx.com
The US stock markets opened the trading week in the red territory as the indices shed 0.10%. The hesitated opening for the trading week might indicate that the investors are getting prepared to the expected correction, though the stock might make another bullish session before the correction.
GOLD
The precious metal made an impressive rally since the beginning of the year and it looks like it became attractive again among the investors after rough fourth quarter in 2011. The ...
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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 ...
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Technical analysis of the XAU/USD (Gold) pair on February 7th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has faked yesterday the breakout of 1720 points.
The pair XAU/USD continues to move on the upper band of its long term bullish channel (long term analysis).
Indicators stay globaly bullish.
We continue to advise long positions as far as 1720 points is support.
A return above 1730 points will comfort our bullish feeling.
The breakout of 1750 and 1800 points will both give a new buy signal.
In case of return below 1720 points, we will wait ...
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Technical analysis of the USD/JPY pair on February 7th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues to move on the resistance at 76.65.
All indicators are bullish.
We are neutral on the pair between 76.50 and 76.80.
We advise to wait an exit of this range to take position:
- Long if 76.80 is broken. The breakout of 76.96 will give a new buy signal
- Short in case of return below 76.50. The breakout of 76 will give a new sell signal.
See the previous analysis of the USD/JPY pair of February 6th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 06/02/2012
Fundamental Analysis
EUR
17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30.
USD
Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by ...
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