ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
|
Price Is Currently TestingTitle:
EUR trading firm as markets are more optimistic about Greece
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by noon. It appears that a tentative deal has been secured with the troika, though some individual points on how the cuts are going ...
Title:
Greek government is finalizing agreement; Euro rises, Franc retreats on SNB
According to a Greek government official; the Greek government is preparing a text for an agreement that would be handled to political parties to discuss and agree upon today, this text is the result of the long-lasted talks with private lenders. After the long wait, markets are getting fresh news from Greece, the news was euro positive as the EUR/USD pair is trading higher currently around 1.3175 after its has been under pressure this morning printing a low at 1.3095 after opening the day at ...
Title:
Currencies Mixed After The Big NFP
After a quiet start for today’s session, where currencies were trading within a tight range in anticipation for the king of reports; the main risk-event for today in the form of the employment report; the NFP came to break the silence as it screamed 243,000 new jobs were surprisingly added to the economy, the numbers came way off market consensus of 150k. The unemployment rate slipped to 8.3% from 8.5 in December, while economist expected a steady rate at 8.5%. These positive numbers were ...
Title:
Euro fluctuates; GBP and NZD soar, CAD is set to underperform as economy contracts
The EUR/USD pair fluctuated below the key resistance at 1.3200 today, on mixed but slightly negative macroeconomic data from the euro zone, where the German retail sales slumped 1.4% in December which came way off expectations of 0.9% growth. French consumer spending contracted as well; printing a 0.7% decline in December. As for labor data; change in the number of unemployed people in Germany during December decreased by 34,000 which was an upside surprise, on the other hand the Italian monthly ...
Title:
Dukascopy Morning Forex Overview : 19/01/2012
Fundamental Analysis
EUR
"The biggest challenge is to respond to the crisis in an adequate manner"
- Christine Lagarde, the IMF Managing Director
The International Monetary Fund is aiming to increase its lending capacity by 500 billion dollars to protect economies from the escalating euro zone debt crisis.
GBP
"Unemployment could become one of the main economic and political issues this year"
- Peter Dixon, an economist at Commerzbank AG
The number of people claiming unemployment benefits ...
Title:
Oil falls as weak demand outlook trumps IMF hopes
Brent crude oil futures dropped back on Wednesday as a weak demand outlook overshadowed hopes the International Monetary Fund would be able to raise more money to help resolve Europe's debt crisis.
U.S. crude futures retreated, after being up earlier, on news the Obama administration was to reject TransCanada's (TRP.TO) $7 billion Canada-to-Texas Keystone crude oil pipeline project, analysts said. After the market closed, the administration announced the rejection of the project.
"NYMEX crude ...
Title:
Euro Hovers around 11-Month Low against USD
Low liquidity in the marketplace kept the euro relatively unchanged in trading yesterday. With the currency currently hovering close to an 11-month low versus the US dollar, traders are waiting to see if ongoing the euro-zone debt crisis will bring it down any lower.
Economic News
USD - Dollar Takes Light Losses in Thin Trading Day
The US dollar registered mild losses against most of its main currency rivals in trading yesterday, as the lack of significant news combined with low liquidity in ...
Title:
Euro Continues to Struggle as Debt Concerns Loom
Despite starting Thursday off on a promising note, the euro managed to tumble against most of its main currency rivals as the euro-zone debt crisis continues to drive investors away from the currency. With analysts forecasting an increase in today's US New Home Sales figure over last month, it appears unlikely that the euro will reverse its recent bearish trend.
Economic News
USD - Unemployment Claims Boost USD Ahead of Holiday Weekend
Yesterday's US Unemployment Claims gave the USD an added ...
Title:
ECB LTRO; a Back Door to QE?
The 1.5 day EUR rally ended after the first round of the new long term refinancing operation (LTRO) showed 523 banks took more than EUR 489 bn worth loans from the ECB. The amount taken was at the high end of analyst expectations and shows the liquidity shortage European banks face. One question that needs to be asked, is this a back door solution to ECB QE?
Economic News
GBP - MPC Meeting Minutes Show Willingness for more QE
Yesterday's release of the BoE monetary policy committee meeting ...
|
||||||
