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Eur/usdTitle:
US Dollar Gains Against Euro in Forex Trading
US dollar is heading higher against the euro in Forex trading right now, gaining as concerns about Spain and Greece come into sharper focus. Greenback is also higher against the Canadian dollar and other commodity currencies as oil prices and gold prices drop. UK pound, though, is gaining against the US dollar, as is the Japanese yen.
US dollar is turning in a mixed performance today, gaining against the euro and many commodity currencies as Forex traders look for safe haven against the volatility brought on by troubles continuing in Greece and Spain. In Greece, difficulties about forming a government, and the future of the austerity measures agreed to for the bailout, are causing uncertainty. In Spain, the financial sector continues to struggle, and doubts remain about Spain’s ability to ...
Title:
Euro at 3-Month Low as Greece May Leave Eurozone
The euro fell today, reaching the lowest level in more than three months against the US dollar, as speculation that Greece may leave the eurozone drove away investors from the shared 17-nation currency.
Greece is still unable to form a coalition government after a week of talks and negotiating. Even if the a government would be formed, the country may still leave the currency union as the Hellenic Republic is reluctant to implement austerity measures that are very unpopular among Greeks. Experts say that in the long term an exit of Greece from the eurozone may benefit both the country and the euro, but in the short term an impact could be very negative.
EUR/USD fell from 1.2901 to 1.2866 as of 8:50 GMT today, while the intraday minimum of 1.2860 was the lowest since January 23. EUR/JPY ...
Title:
SunBirdFX Daily Market Analysis : 05/14/2012
www.sunbirdfx.com
Wall Street closed a volatile trading week with declines of 1.0% in weekly summary, in spite of improving consumer sentiment data. The bearish momentum spread among the traders after JP Morgan declared a loss of 2 billion dollars and its downgrade by the ranking agency Fitch.
On the technical aspect, the indices made retests to the break-down level in each index' daily chart. The S&P broke the important support at 1360 points but corrected up after reaching 1340 points, and the sellers showed up at 1360 several time during the week. Therefore, if the index successfully breaks-through this resistance, it might jump above 1380 points. However, if the bearish momentum continues, the large blend might break-down the recent low at 1340 point and slide towards 1300 points.
...
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YouTradeFX Weekly Market Analysis : 14/05/2012
Consumer sentiment in the U.S. rose to 77.8 in May from the final April reading of 76.4, according to a report released by Reuters and the University of Michigan on Friday. While, the Labor Department said on Friday that its producer price index fell by 0.2 percent in April. According to Bloomberg news, Sales at U.S. retailers probably slowed in April as the weather turned more seasonable and consumers took a breather following a pre-Easter holiday buying spree, economists said before a report this week. The projected 0.2 percent gain in purchases would follow a 0.8 percent advance in March, according to the median forecast of 68 economists surveyed by Bloomberg News ahead of Commerce Department figures on May 15. Events in the U.S, likely to affect the markets this week are: Monday; a ...
Title:
Greece continues to drive market; Investors bearish as risk-aversion rises
What’s new:
Global Markets: Asian markets up after China cuts RRR
China: People’s Bank of China cuts Required Reserve Ratios by 50 basis points
Spain: More than €30 bln to clear real estate exposure from Spanish Banks
Forex: AUD/USD hits a 5-month low at 0.9999
Forex: EUR/USD dips down to 4-month low at 1.2878
Forex rates in Asia and Indices:
Low High Change
EUR/USD 1.2879 1.2905 -0.20 %
USD/CHF 0.9309 0.9326 -0.21 %
GBP/USD 1.6054 1.6079 -0.03 %
USD/JPY 79.89 80.13 -0.12 %
EUR/CHF 1.2009 1.2014 -0.00 %
EUR/JPY 102.99 103.37 0.08 %
Dow Jones 12779.28 12918.01 -0.26 %
Nasdaq 2604.99 2643.22 -0.00 %
S&P 500 1348.89 1365.66 -0.33 %
Nikkei 225 ...
Title:
Forex Technical Analysis : 05/14/2012
- Forex Technical Analysis : 05/14/2012 -
(Timeframes: 30 minutes)
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Title:
Risk Aversion Continues to Weigh on Higher-Yielding Currencies
Following multiple failures by Greek politicians to form a new government, investors are now concerned about what impact a possible new election will have on Greece's status in the euro-zone. The news weighed down on riskier currencies, particularly the euro, throughout Friday's trading session. The EUR/USD dropped to a fresh 3 ½ month low at 1.2903 before staging a slight correction to close out the week at 1.2917. Turning to this week, euro-zone news is once again forecasted to dictate the direction the market takes. Any additional negative announcements out of Greece could drive the euro even lower against its main currency rivals.
Economic News
USD - US Consumer Sentiment Gives Dollar a Boost vs. JPY
News that consumer sentiment in the US reached a more than four-year high gave the ...
Title:
Dukascopy Morning Forex Overview : 14/05/2012
Fundamental Analysis
EUR
"Equity markets are driven by two things: fundamentals and sentiment."
- Lorne Baring, managing director at B Capital SA
European stocks climbed on Friday after a report showed U.S. consumer confidence increased to the highest level in four years in May.
USD
"Confidence has been boosted by lower gasoline prices."
- Paul Dales, a senior economist at Capital Economics Ltd.
U.S. consumer confidence rose by more than expected in May as consumers became more optimistic on the outlook of the country's economy.
GBP
"The April producer price data … do little overall to reduce the uncertainty as to whether or not the Bank of England will eventually do more Quantitative Easing."
- Howard Archer, an economist at HIS Global Insight
U.K. producer prices rose by more than ...
Title:
Technical analysis of the EUR/USD pair on May 14th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made last friday a pullback on the lower band of its medium term bearish channel (purple lines).
The pair has opened the week on a bearish gap and has validated the breakout of the support at 1.29.
The bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.30 is resistance.
The breakout of 1.2850 and 1.28 will both give a new sell signal.
In case of return above 1.30, we will wait the breakout of 1.3063 to advise long positions.
See the previous analysis of the EUR/USD pair of May 11th, 2012
EUR/USD Analysis
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