Today we will take a look on the Eur/Usd. We all know that price action was very slow in the past week and as such, many different wave counts are possible. However, today we will show you two of them, bullish and bearish interpretations. And we believe we will get answer and confirmation till Tuesday … “Elliott Wave Video: EUR/USD – December 12”
Month: December 2010
Hezbollah Threatens “New Era” in Lebanon
Indictments against Hezbollah members are due any day now, by the special tribunal for Lebanon, investigating the murder of Rafik Hariri. Yet again, tensions are getting higher as Hassan Nasrallah threatens to bring a “new era” in Lebanon – a hint towards a full takeover of the country. The son of murdered Rafik Hariri, Saad … “Hezbollah Threatens “New Era” in Lebanon”
Weekly Gains of Pound on Favorable Economic Data & EU Problems
The Great Britain pound surged this week against the euro as the debt problems in the Eurozone attracted the investors to the perceived safety of Britain’s currency. The sterling also gained versus other currencies, including the US dollar and the Japanese yen. The favorable macroeconomic reports, including the reports about the retail sales, the manufacturing production and the leading indicators, supported the sterling versus other currencies. Still, some negative reports were also released, including the reports about … “Weekly Gains of Pound on Favorable Economic Data & EU Problems”
Aussie Rises on Employment Growth & Interest Rates Outlook
The Australian dollar rose today as the good reports this week signaled about the increasing pace of the economic recovery and on the outlook for the interest rates increases. The attractiveness of the Australian currency was boosted by the good employment reports. The Australia and New Zealand Banking Group reported that the job advertisements on the internet and in newspapers increased by 2.9% in November, signaling about the rising employment. This was confirmed by the report of the Australian Bureau of Statistics, which showed the growth of the employment … “Aussie Rises on Employment Growth & Interest Rates Outlook”
Canadian Dollar Heading for Weekly Decline Despite Today’s Gains
The Canadian dollar rose today as the Canadian trade balance deficit shrank and the consumer confidence in the US, the biggest Canada’s trading partner, improved. Still, the currency is heading for the weekly decline. Canada’s trade balance deficit shrank from C$2.3 billion in September to C$1.7 billion in October. The median forecast was C$2.0 billion. The preliminary University of Michigan consumer sentiment index rose from 71.6 to 74.2. The analysts’ estimate was 72.4. The currency … “Canadian Dollar Heading for Weekly Decline Despite Today’s Gains”
Focus on Pound, Euro Bears, and a Peak to Next Week
The Euro bears are back in town. In a wrap up of the week on Forex TV, I spoke with Julie Sinha about the vulnerability of the Euro, technical levels of major pairs (including the Aussie) and more. Enjoy, and have a great weekend!Looking at the Spanish bonds gives us a good indicator of what … “Focus on Pound, Euro Bears, and a Peak to Next Week”
Euro Fluctuates on Disagreement How to End Europe’s Crisis
The euro slipped against the Japanese yen today as the division of the European leaders on the measures necessary to deal with the sovereign-debt problems may hamper the attempts to battle the crisis. The European currency fluctuated against the US dollar. Vitor Constancio, the Vice-President of the European Central Bank, said yesterday that the European Union need to increase the size of the bailout fund to be ready to deal with the fiscal crisis. The German Chancellor Angela Merkel and the French President Nicolas … “Euro Fluctuates on Disagreement How to End Europe’s Crisis”
Higher House Prices Bolster Britain’s Pound
The Great Britain pound climbed today as the house prices rose and the European debt crisis increased the attractiveness of the sterling as the safe currency. The house prices grew 0.2 percent in November, posting the gains for the seventh month, according to the report of the Acadametrics Ltd. and LSL Property Services Plc. The pound also rose as the fiscal problems in the European Union increased the appeal of Britain’s assets. The UK central bank kept the interest rates unchanged at 0.5 percent yesterday. … “Higher House Prices Bolster Britain’s Pound”
Downgrade of Ireland’s Credit Rating Makes Euro Weaker
The euro dropped today as the European sovereign-debt crisis continues undermine the confidence in Europe’s economy and after Ireland’s credit rating was downgraded. The Dollar Index, which tracks the US currency versus the currencies of six biggest US trading partners, rose 0.1 percent to 80.099. Fitch downgraded yesterday Irelandâs credit rating from A+ to BBB+. The President of the European Central Bank Jean-Claude Trichet and the ECB Governing Council member Miguel Angel … “Downgrade of Ireland’s Credit Rating Makes Euro Weaker”
Canadian Dollar Rises with Crude Oil Prices
The Canadian dollar rose today after crude oil, the main Canadian export, climbed to the highest level in 26 months and as the optimism for the global economic recovery boosted the currencies linked to the growth. January delivery for crude oil gained as much as 1.3 percent to $89.42 per barrel in New York. One of the reasons for gains of crude was the decline of the US jobless claims, which caused speculation that the US economy improves and the demand for oil would … “Canadian Dollar Rises with Crude Oil Prices”