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Days The Pair Has TradedTitle:
SunBirdFX Daily Market Analysis : 26/09/2011
www.sunbirdfx.com
The Financial markets are backed to to the extreme hysteria that they had just two months ago. The past week was the worst in Wall Street since 2008 and it looks like that the economic situation of many countries is even worse than it was on the subprime crisis. The world has accepted the fact the bankrupt of Greece is inevitable and analysts are trying to estimate how the "day-after" will be.
The S&P 500 was closed on Friday near the support of the round number 1100 points, but it looks like that nothing can prevent it from breaking this support down. When it breaks, many automatic orders will be triggered and it might fall sharply to the next support at 1000 points, which is a number with a psychological meaning to the markets.
Investors will wait for Bernanke's ...
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Safe Heaven Currencies Continue to Rise on High Risk Aversion
The U.S. dollar gained further against the euro and other major currencies Thursday as a sharp extended retreat for U.S. equities and weak data out of both China and the euro zone spurred investors to dump risky assets.
Economic News
USD - Dollar Recovery Continues
The dollar rallied broadly on Thursday as mounting concerns about the global economy pushed investors to embrace safety while shunning riskier assets, with the euro tumbling to an eight-month low. By yesterday's close, the dollar rose against the EUR, pushing the oft-traded currency pair to 1.3440. The dollar experienced similar behavior against the GBP and closed at 1.5350.
The U.S. Federal Reserve said Wednesday it will shift its portfolio toward longer-term debt to bolster the economy, and investors' unwound leveraged ...
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Dollar Drops against Majors on Expectations Federal Reserve Will Expend Quantitative Easing
The U.S. dollar fell against most of its major currency rivals on speculation the Federal Open Market Committee will announce further easing in order to support the U.S. economy; Crude oil prices gained on optimism that the stimulus will aid the slowing economy and increase demand for fuel and energy.
Economic News
USD - Dollar Falls to 8-Month Low vs. Pound Ahead of FOMC Statement
The U.S. dollar tumbled against most of its major currency rivals during Tuesday's trading session due to expectations that the Federal Reserve will announce further quantitative easing in an attempt to stimulate the slowing economy.
The dollar saw a 120 pip drop against the euro and the EUR/USD was traded at a weekly high of 1.3740. The dollar fell about 100 pips against the British pound as well, and the ...
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YouTradeFX Daily Market Analysis : 21/09/2011
www.youtradefx.com
FTSE
This morning, financial markets are registering rises in their trading following yesterdays negative, high fluctuating closure of trade on Wall Street. Investors are waiting with bated breath for the statement by the Chairman of the Federal Reserve, Ben Bernanke later on today. The Open Market Committee of the Federal Bank (FOMC) yesterday began its two day meeting which, when it ends today, will announce its decision in relation to US interest rates which are expected to remain unchanged. According to expectations, the leaders of the Federal bank will consider additional steps to stimulate the United States economy's growth in the light of the high unemployment rates that continue to hover in the region of 9%.
An encouraging announcement this evening can be ...
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YouTradeFX Daily Market Analysis : 19/09/2011
www.youtradefx.com
NIKKEI
Asian markets are trading with sharp drops this morning against a background of fear regarding the possible declaration of bankruptcy by Greece possibly next month. Investors are showing their discomfort that arises from the Greek governments continuing attempts to improve its status and also following the end of the euro bloc finance ministers meeting last Saturday that failed to make any real progress. The Japanese NIKKEI opened the week with a slight drop and is now being traded right on the edge of the strong support rate in the region of 8700 yen.
On the technical level, the index is now being traded at highly attractive rates for a buy position. In is safe to assume that the European finance ministers will formulate a new plan that will allow them to deal ...
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Dukascopy Morning Forex Overview : 14/09/2011
Fundamental market overview
EUR
European banks may consider more job cuts or zero bonuses amid worsening debt crisis in the Eurozone and declining profits. UBS AG (UBSN), Barclays Plc (BARC), HSBC Holdings Plc (HSBA), Royal Bank of Scotland Group Plc (RBS), Credit Suisse Group AG (CSGN) and others have announced plans to cut more than 70,000 jobs since midyear.
USD
U.S. import prices declined 0.4% in August, compared to the previous month, announced the Bureau of Labor Statistics on Tuesday. The decrease is mainly attributed to lower fuel prices.
GBP
A U.K. house price index declined slightly in August as faltering economy undermined property demand, estimated the Royal Institution of Charted Surveyors. 23% more surveyors indicated fall in prices in August, compared to those expecting ...
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Heightened Volatility Highlights Today's FX Trading
The first two days of this week's trading have been extremely volatile with negative headlines driving the direction of the majors in an absence of economic data. The threat of a Greek default is weighing on the EUR while French banks continue to face pressure over funding concerns.
The EUR/USD bounced 200 pips yesterday in the North American trading session only to shed most of those gains this morning after continued pressure from Italy, France, and Greece. Support for the EUR that was seen after the FT reported Chinese interest in Italian faded this morning after a disappointing Italian bond auction. Italian 5-year debt yielded 5.59% vs. 4.93% at the previous sale in August. The auction also had a weak bid to cover ratio of 1.28 from 1.93.
French banks continue to be pressured from ...
Title:
Dukascopy Morning Forex Overview : 09/09/2011
Fundamental market overview
EUR
"We expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified downside risks," said Jean-Claude Trichet, President of the European Bank. "We stand ready to provide liquidity as we have done in the past, taking into account the needs of the banking sector."
USD
Number of Americans, claiming for unemployment benefits, jumped to 414 thousand last week, up from 412 thousand the week before, estimated the U.S. Census Bureau. The data is worse than forecasted figure of 407 thousand.
GBP
"Although recent data has brought further evidence of slower eco-nomic activity and business confidence has weakened, it is not clear that this requires an immediate policy reaction. We hope the UK economy will be on a firmer ...
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YouTradeFX Daily Market Analysis : 07/09/2011
www.youtradefx.com
EUR/USD
Following four consecutive days during which the markets reported continuing price drops, this morning the financial markets opened trading with price rises. Trading on Wall Street closed in negative territory but it is important to be aware of the fact that the falling prices shown at the start of trade levelled out to some extent towards closure. This can be attributed, in part, to the surprisingly good and unexpected results shown when the publication of the Service Sector's purchasing managers index
On the short graph (4 hours) for the euro – United States dollar pair we can see that the wave of price drops was stopped exactly at the support level of 1.3980. It is still to early to state with any degree of certainty if the euro – dollar pair has established ...
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