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Dollar Traded At ItsTitle:
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 ...
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YouTradeFX Daily Market Analysis : 08/02/2012
Fundamental News:
Today’s highlights:
Unemployment Rate (NZD, 21:45 GMT)
10-Year Note Auction (U.S, 18:00 GMT)
Unemployment Rate (CHF, 06:45 GMT)
U.S and Canada
Consumer borrowing in the U.S. rose more than forecast in December, driven by demand for auto and student loans. The Federal Reserve released a report on Tuesday showing that consumer credit surged up by $19.3 billion in December after jumping by $20.4 billion in November.
The value of Canadian building permits ...
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Market Sentiment Shifts, CAD Goes Upward
The Canadian dollar gained versus its US counterpart and the Japanese yen, while fell against the euro, as Forex traders view the talks about new portion of a bailout to Greece in the positive light again.
Traders constantly change their opinion regarding what happening in Europe. Currently their mood is positive because of speculations that Greece and the so-called “troika” (the European Union, the European Central Bank and the International Monetary Fund) are devising final drafts of the ...
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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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Oil rises on spread trade, Canadian outage
(Reuters) - Brent oil rose slightly on Tuesday and U.S. crude jumped more than 1.5 percent, bolstered by an unplanned outage at a Canadian oil sands plant and optimism about an agreement on Greece's debt problems.
An Alberta plant that processes Canadian oil sands was expected to be shut for two or three weeks, adding lift for U.S. crude and helping narrow its deficit to Brent.
Brent's premium to U.S. crude oil widened in early trade to more than $20 per barrel, its highest since October, ...
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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 ...
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Weak yen pushes euro, dollar to more than one-week highs
(Reuters) - The yen slid on Tuesday, pushing the dollar and euro to their highest in more than a week as investors sold the safe-haven Japanese currency due to growing optimism about a Greek rescue deal.
The yen earlier was undermined by comments from Japanese Finance Minister Jun Azumi who said Japan followed up its record yen-selling intervention last year with covert operations and that it is ready to step in again to counter speculative moves.
The dollar hit session highs at 76.900 yen, ...
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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 ...
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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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