The euro is rising for the fourth day in a row on the Forex market today, following the successful pass of the anti-crisis vote in Greece, “stability bonds” talks in eurozone and a possible revival of the corporate bond market in Europe. Lately, the single European currency is a major headliner of the Forex market news, as the European debt problems are a major headliner of the financial news nowadays. The euro is currently demonstrating its fourth day of growth in a row against the US … “Euro Continues Its 4-Day Rally on New Prospects for Stability”
Month: September 2011
USD/JPY Remains Bearish, EUR/USD Targets Higher Prices on Correction
USDJPY: Bearish Theme Remains Intact USDJPY: Though narrow range candles are now seen which are signs of consolidation, our bearish view on USDJPY remains intact for an eventual return to the 75.92 level, its 2011 low and beyond. Guest post by www.fxtechstrategy.com USDJPY has been under a strong bear pressure since topping out at the … “USD/JPY Remains Bearish, EUR/USD Targets Higher Prices on Correction”
Report: Gain Capital To Buy IBFX
There is a report about a significant and interesting deal in the US: Gain Capital, who is behind the lucrative domain name forex.com is set to acquire Interbank FX (IBFX). Gain Capital went public and has the resources to act. Another public US forex broker, FXCM has been active in acquiring other firms. There are … “Report: Gain Capital To Buy IBFX”
5 Reasons for Current Euro Strength (And Why It Is
Euro/dollar is significantly higher, after a convincing and healthy move. There are 5 reasons for this rise, that may not hold for too long. These levels are the highest level since Ben Bernanke announced Operation Twist, a move that sent the euro as well as most currencies, commodities and stocks plunging. Will this hold? 5 Reasons: … “5 Reasons for Current Euro Strength (And Why It Is”
Euro Finds Support on Assumption that Sovereign Debt Crisis will be Contained
The euro is finding support on the assumption that the sovereign debt crisis will be contained. Many forex traders seem to think that European leaders are serious about finding a solution to the debt crisis, and that it will be contained. Even though there doesn’t appear to be plans to expand the EFSF, there is an expectation that European leaders will do something to prevent the spread of sovereign debt contagion … “Euro Finds Support on Assumption that Sovereign Debt Crisis will be Contained”
Yen Weaknes as Risk Aversion Fades on Eurozone Expectations
The Japanese yen fell against all of its major counterparts today, including the US dollar, as the optimism regarding the European debt troubles situation changed the risk-averting mood of the markets to positive. While the current state of the FX market can be viewed as a simple technical correction, the optimism is also seen in other markets — European stocks are rising today. The yen fell against the pound for the second day and decreased against the greenback for the first … “Yen Weaknes as Risk Aversion Fades on Eurozone Expectations”
Germany: Greens and SPD Vow to Support Euro
One of the difficulties associated with making progress on the sovereign debt crisis, and bailing out countries like Greece, has been foot-dragging from Germany. Angela Merkel, the conservative German chancellor, has seen divisions over the matter of eurozone bailouts in her coalition government. Some German politicians are loathe to use their resources to provide bailouts for other eurozone countries. Germany is already a huge player in supporting the euro on the FX … “Germany: Greens and SPD Vow to Support Euro”
Pound Rises Amid European Crisis and Run from Risk Markets
The British pound grew strong amid the European debt crisis and the downfall of the stock markets and commodities, falling against only two out of sixteen most-traded currencies today. The pound has reached the highest level against the euro in almost two weeks today and also rose from for a second day against the US dollar. The British currency also recovered from the all-time low versus the Japanese yen. The GBP declined against the Norwegian krone … “Pound Rises Amid European Crisis and Run from Risk Markets”
USD/JPY: Trading the CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. Its release always has a strong impact on market prices. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 14:00 GMT. Indicator Background The CB Consumer Confidence … “USD/JPY: Trading the CB Consumer Confidence Index”
EUR/USD Below Key Support, USD/CHF Builds Upside Risk
EURUSD: Drops Below Key Supports, Bearish Into The New Week – Technical Analysis EURUSD: Having wiped out its previous week gains and closed below its key supports at the 1.3835 level, its Sept 09’2011 low and the 1.3623 levels, its July 12’2011 low to end week lower, EUR is entering the new week on a … “EUR/USD Below Key Support, USD/CHF Builds Upside Risk”