ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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StrengthensTitle:
Euro Strengthens as Greece Makes Progress in Debt Swap Talks
The euro rose today as speculation that Greece is making progress in convincing creditors to reduce the nation’s debt improved market sentiment and eased pessimism about the euro.
Greece’s Prime Minister Lucas Papademos said that he made a headway in the debt-swap discussions and is “strongly committed” to reach an agreement. The European Union and the International Monetary Fund demanded more austerity measures from the country. Markets reacted positively to the news: the Stoxx Europe 600 ...
Title:
Dollar strengthens amid concerns, before FOMC meeting
The dollar advanced against majors amid worries in markets as the negotiations between the Greek government and creditors reached an impasse as Greece rejected 4% interest rate on new loans, claiming that the maximum is 3.5% which was also supported by euro area finance ministers.
The U.S. dollar is gaining ground amid concerns of seeing a debt restructuring deal or an orderly default for Greece which has to repay as much as 14.5 billion euros of debt maturing in March.
Also, yesterday the ...
Title:
Eurozone Downgrades - Desperate, But Not Serious
The Week Ahead
Highlights
Eurozone downgrades - desperate, but not serious
Important shifts in EU/ECB attitudes
Increasing prospects for QE3 may reverse USD strength
Eurozone downgrades - desperate, but not serious
The much-feared, yet equally much-anticipated, EU sovereign credit rating downgrades have arrived. The winners were Germany, the Netherlands, Finland, and Luxembourg, which saw their AAA ratings sustained. The losers were Belgium, Austria and France, which were cut one ...
Title:
Dukascopy Morning Forex Overview : 11/01/2012
Fundamental Analysis
EUR
"On the basis of some current economic and fiscal trends in France... we wouldn't expect to downgrade France this year"
- Ed Parker, head of EMEA sovereign ratings
Fitch Raings does not plan to downgrade France's top notch AAA credit raing in 2012, while raings of Spain and Italy as well as other countries under review could be cut by one or two notches this year, said Ed Parker, head of EMEA sovereign raings at Fitch on Tuesday.
USD
"Demand has been pretty good in ...
Title:
Dukascopy Morning Forex Overview : 10/01/2012
Fundamental Analysis
EUR
"Reaching a functional agreement already by the next meeting on Thursday is not out of the question"
- Elmar Brok, a German member of the European parliament
German chancellor Angela Merkel and French president Nicolas Sarkozy met on Monday to discuss how to promote Europe’s economic growth and to finalize a deal on deeper fiscal union.
USD
"I’m growing more optimistic that the economic activity in the U.S. is firming to the point that it’s durable"
- Mark Luschini, ...
Title:
Dukascopy Afternoon Forex Overview : 03/01/2012
Dukascopy Fundamental Analysis
EUR
Greece will be forced to exit the Euro Zone in case it fails to agree with the EU, private bondholders and the IMF on the second bailout worth 130 billion euros, said Pantelis Kapsis, government's official. The country may default in case the deal is not concluded till March when the country has to make bond payments.
USD
The EU countries have to solve the debt crisis using their own efforts, said Mitt Romney, Republican U.S. presidential candidate. The US ...
Title:
SEK Strengthens Despite Interest Rate Cut
The SEK was up after the Riksbank lowered interest rates to 1.75% from 2.00%. There are two explanations for this counterintuitive move in the SEK. Firstly, the Swedish central bank delivered on the expected 25 bp of monetary policy easing while refraining from a larger policy change. Secondly, risk sentiment improved following a strong Ifo survey and a successful Spanish bond auction.
Economic News
SEK - SEK Strengthens Despite Interest Rate Cut
The SEK was up after the Riksbank lowered ...
Title:
The Weekly Bottom Line : 02/12/2011
The Weekly Bottom Line : 02/12/2011
HIGHLIGHTS OF THE WEEK
United States
Markets posted a spectacular rally this week. As of noon Friday, the Dow was poised to rise a cool 831 points (or 7.4%) from last week.
Policy makers provided much of the fuel for the rally. In the developing world, China and Brazil both cut their policy rates in a bid to combat slowing economic growth.
This biggest policy maneuver, however, came when leading developed world central banks announced plans to ...
Title:
The Bullion Report For Nov 30, 2011: Is Gold Bubbling or Booming?
Precious metal prices appear to have entered a new stage. With increasing frequency, and regularity, the price of gold and silver has been swinging in volatile fashion. These volatile price swings have likely caused many individual investors to become reluctant, even fearful, of taking on fresh positions. After substantial runs to fresh highs, prices over the last week have whipped back and forth in a violent manner, making trouble for trend followers. How long might it be before these troubling ...
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