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Eur/gbpTitle:
Euro Can’t Maintain Gains in Forex Trading
Earlier, the euro showed signs of fight as it headed higher against the US dollar. Now, though, the euro can’t maintain gains in Forex trading and is headed lower. Worries about the eurozone, and what’s next for the currency region, are causing doubt, and uncertainty means that Forex traders are looking for safety — and safety can’t be found in the euro right now.
After seeing some earlier gains and breaking back up through the 1.2600 level against the US dollar, euro is once again lower. The 17-nation currency has been unable to hold onto gains briefly enjoyed in the wake of positive economic data out of the United States. Now that optimism is gone, and traders are left with concerns about what’s next for the eurozone.
Investors are so seeking safety that they just bought 4.6 billion ...
Title:
EUR/USD Cedes The 1.2624 Support
Sunrise Market Commentary
- Fixed Income: Risk off pushes German bond yields to new lows
- Risk off sentiment pushed core bonds higher and non-core bond yield spreads re-widened substantially. The Summit didn't bring new information, but another hole found in Spain's regions' budgets might get attention today.
- Currencies EUR/USD cedes the 1.2624 support
- On Wednesday, the EMU debt crisis was again omnipresent. Markets feared that the EU leaders wouldn't be able to take decisive action to address the debt crisis. Extreme risk aversion pushed EUR/USD to a new low for 2012. The losses of EUR/GBP were more contained, as poor UK retail sales and rather soft BoE minutes kept the door open for more policy stimulation.
The Sunrise Headlines
- In the final hour of trading, US ...
Title:
Forex Technical Analysis : 05/24/2012
- Forex Technical Analysis : 05/24/2012 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the EUR/GBP pair on May 24th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found support yesterday on 0.80 and also on the second line of its bearish channel (overlaid purple lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell siganl and open the way towards 0.7950.
In case of return above 0.8075, we will wait the breakout of 0.81 to advise long positions.
See the previous analysis of the EUR/GBP pair of May 23th, 2012
EUR/GBP Analysis
Title:
Euro Rebound Short-Lived
Sunrise Market Commentary
- Fixed Income: Profit taking continued, but now concluded?
- The profit taking on global core bond markets continued in the run-up to tonight's informal EU-Summit. Spanish and Italian spreads decreased significantly but yields remain at elevated levels. Today, the eco calendar is again thin and trading will again be driven by sentiment.
- Currencies: Euro rebound short-lived On
- Tuesday, the euro came again under pressure even as the global context was not that negative. Sentiment on risk was constructive and intra-EMU spreads narrowed, but all this didn't prevent investors to use any upticks in the single currency to further reduce exposure. The key 1.2642/24 support is again coming within reach.
The Sunrise Headlines
- In the final hour of ...
Title:
SunBirdFX Daily Market Analysis : 05/23/2012
www.sunbirdfx.com
Dramatic finishing in the US stock markets yesterday caused mixed closing by the main indices. The trading was on the green side most of the day but massive selling during the last half hour erased most of the bullish movement, but strong 10 minutes before the closing bell prevented sharper declines. The indices are now facing important test and if they slide under yesterday's low, the sharp declines from last week might return. On the other hand, if they cross above yesterday's high, it will be a strong bullish signal for the markets. On the fundamental aspect, the existing home sales data came out as analysts expected and today the investors will focus on the new home sales data.
EUR/GBP
All of the major pairs resumed weakening against the USD yesterday due to the ...
Title:
Technical analysis of the EUR/GBP pair on May 23th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found resistance yesterday on 0.81 and just validated without strenght the support at 0.8050, offering a sell signal.
Indicators are mitigated.
The pair is still moving into a bearish channel (purple paralell lines).
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.8025 and 0.80 will both give a new sell siganl and open the way towards 0.7950.
In case of return above 0.8075, we will wait the breakout of 0.81 to advise long positions.
See the previous analysis of the EUR/GBP pair of May 22th, 2012
EUR/GBP Analysis
Title:
Forex Technical Analysis : 05/23/2012
- Forex Technical Analysis : 05/23/2012 -
(Timeframes: 30 minutes)
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USD/CHF Technical Analysis
USD/JPY Technical Analysis
XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
Title:
Euro Falls as Eurobond Debate Begins
Euro is dropping today as eurozone leaders meet to discuss growth options for the 17-nation currency zone. Eurozone growth has been sluggish, verging on recession, and that is impacting the ability of member states to handle their sovereign debt. One of the options being floated as part of a package is a eurobond. However, Germany is opposed to such a measure.
Euro is heading lower today, mostly due to uncertainty. There is uncertainty surrounding the Fitch downgrade of Japan. But mostly there is uncertainty in the eurozone. While there are widely published numbers that seem to indicate that most Greeks want to remain in the eurozone, the actions in the election seem to suggest otherwise. The leaders Greeks voted for are largely against austerity measures, and Greek citizens themselves ...
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