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Currency Ending LowerTitle:
Dukascopy Morning Forex Overview : 08/02/2012
Fundamental Analysis
EUR
"The salvation of the country, remaining in the euro, means great sacrifices"
- Evangelos Venizelos, Greek finance minister
Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official.
USD
"Markets would love to see some certainty, and we don't have any of that at the moment"
- Frank Lesh, a futures analyst and broker at FuturePath Trading LLC
U.S. stocks ...
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:
Greek talks check euro, results hit shares
(Reuters) - The euro was underpinned on Tuesday by hopes a way would be found to push through a second bailout deal for Greece, though fresh signs of exposure to Europe's economic troubles among leading banks rekindled investor unease, sending shares lower.
U.S. stock index futures pointed to the unresolved Greek deal weighing on Wall Street at the open, ahead of Senate testimony from Federal Reserve Chairman Ben Bernanke that may grab the spotlight at 1500 GMT (10 a.m. EST) after last week's ...
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Euro shows decline amid Greek talks concerns
The euro showed some decline against majors on concerns Greek political leaders may not reach consensus regarding the further spending cuts needed to receive a second bailout worth 130 billion euros announced in October, thus tumbling into default as early as March as the government has to repay 14.5 billion euros of debt maturing.
Yesterday, Papademos and political leaders of three parties agreed to make further budget-cutting measures equal to 1.5% of GDP, yet they will continue talks today ...
Title:
Greek uncertainty pushes down euro as deadline nears
(Reuters) - The euro fell broadly on Monday on investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout with a deadline imminent, keeping alive the risk of a messy default which could rock the currency bloc.
Greece's coalition members must tell the European Union by noon on Monday (5 a.m. ET) whether they accept the painful terms of a new bailout worth 130 billion euros, with euro zone ministers postponing a meeting planned for Monday due to the delay in ...
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Australian retail sales unexpectedly drop in December
The Australian retail sales surprisingly dropped in December, which is the first drop in six months, as consumers spent less at grocers and on dining out in an economy where employment growth stalled last year.
The Australian bureau of statistics released the seasonally adjusted reading for the retail sales index, where it fell 0.1%, compared with the prior month’s reading of 0.0%, which was revised to 0.1%; also it missed expectations of 0.2%.
On the other hand, the forth-quarter figures for ...
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Oil prices up on U.S. jobs growth, Iran threat
Oil prices rose on Friday after a government report showed the U.S. economy in January created jobs at the fastest pace in nine months, fueling hopes of stronger demand in the top petroleum-consuming nation.
Crude futures rose further on the jobs report, extending gains made after Iran's supreme leader warned of retaliation over "threats of oil embargo and war."
Brent March crude rose $1.33 to $113.40 a barrel by 12:47 p.m. EST, up for the fourth straight day, trading from $111.93 to $113.88 ...
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Dollar gains versus euro and yen on strong U.S. jobs data
The dollar gained against the yen and euro on Friday, sending both to session lows after a report showed a larger-than-expected gain in U.S. jobs, which investors perceived as reducing the likelihood of further stimulus by the Federal Reserve anytime soon.
To some investors it even suggested the U.S. central bank may raise interest rates sooner than it has indicated in recent days. Higher rates will raise the attractiveness of dollar-denominated securities and demand for the dollars to buy them. ...
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No Greek debt-swap agreement to be reached this week, eyes to track jobs report and services data
Another week has passed without seeing an agreement between Greece and private sector bondholders over the size of losses to be bared by creditors and interest on the new loans.
Athens is struggling to reach a debt-swap deal, raising concerns the debt-mired nation may face default as early as in March when 14.5 billion euros of debt matures.
A report by Bloomberg on Wednesday said Greece and its creditors may reach an agreement with a loss of 70% for a lower borrowing cost of 3.6% instead of ...
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