Those expecting a third rate cut from Draghi might be disappointed. The ECB will likely repeat the “business as usual” stance that worked so well last month. There are 5 reasons for the ECB to wait and see for another month. After rate cuts in November and December, the European Central Bank left the rates … “5 Reasons Not To Cut Rates – ECB Preview”
Month: February 2012
Euro Falls as Greek Politicians Disagree on Austerity
The euro fell against the US dollar and slipped versus the Japanese yen before rebounding as Greek politicians were unable to reach an agreement about austerity measures required to secure a next portion of bailout. Greece’s Prime Minister Lucas Papademos was meeting with leaders of Greek political parties yesterday to discuss tightening measured that the so-called troika (the EU, the ECB and the IMF) demanded from the country in exchange for rescue. Papademos said that … “Euro Falls as Greek Politicians Disagree on Austerity”
Canadian Dollar Fluctuates on Diversified Opinions About Greece
The Canadian dollar fell against the US dollar and the euro, but gained versus the Japanese yen as growing optimism about an outcome of the talks about Greek debt has started to slowly disappear from the Forex market, but hasn’t gone completely yet. It was a complicated trading day today. Views regarding a possible end of the unending story of Greece’s problems were shifting constantly and the Forex market was following the changes of traders’ … “Canadian Dollar Fluctuates on Diversified Opinions About Greece”
MahiFX Launches in London – Open for Business From
New Zealand based MahiFX showed its new trading platform in an event held in London. David and Susan Cooney which head the new forex broker, aim to provide institutional quality to forex retail traders. After unveiling the technology at a shiny event held on February 2nd, the browser based platform will open its gates for … “MahiFX Launches in London – Open for Business From”
Euro Recovers Some of Its Losses in Choppy Trading
Trading remains choppy for the euro today as traders and investors look for direction. Everyone is waiting for a Greek debt deal to be reached, and a certain amount of concern is present that nothing has been signed yet. Earlier, the euro gained against the US dollar, then fell. Now, euro is struggling higher, recovering some of its losses. The economic news coming out of the eurozone has been relatively positive recently. … “Euro Recovers Some of Its Losses in Choppy Trading”
US Dollar Index Falls Earlier, But is Gaining Ground Now
US dollar index is lower today, falling overall as a degree of optimism returns to the markets. Many expect a Greek debt deal to be done today, and that means that there has been some demand for high beta currencies in earlier trading. Now, though, the US dollar seems to be gaining some ground as some of that risk appetite fades and the Greek situation looks a little less certain. Greenback is … “US Dollar Index Falls Earlier, But is Gaining Ground Now”
Franc Weakens as Greek Talks Progress
The Swiss franc was down today as tensions about Greece eased and Swiss officials repeated that the currency is too strong and hurting nation’s exporters, therefore it should be weaker. The franc is still considered a safe currency, even though its status was hurt by the euro-peg, and today there is less need for safety among Forex traders. Thomas Jordan, Vice-Chairman of the Governing Board of the Swiss National Bank, … “Franc Weakens as Greek Talks Progress”
Malaysian Ringgit Rises as FX Market Keeps Good Sentiment
The Malaysian ringgit, as well as other Asian currencies, appreciated today as the Forex market kept positive mood from yesterday and traders were hopeful about resolution of Greek problems. Market participants again feel optimism on signs that talks about a new round of bailout for Greece progress and are nearing to conclusion. The International Institute of Finance said that the discussion between Greece and private bondholders was “constructive”. Furthermore, there is speculation … “Malaysian Ringgit Rises as FX Market Keeps Good Sentiment”
Commodities Supportive For Majors – Video Analysis
Hello traders! Stocks are higher and the USD reached new lows against the majors during Asian session. It seems that this type of a price action will continue this week, especially after a sharp impulsive break on EUR/USD yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher … “Commodities Supportive For Majors – Video Analysis”
GBP/USD: Trading the British Manufacturing Feb 2012
The British Manufacturing Production indicator provides analysts and traders with a snapshot of the health of the UK manufacturing sector. A reading which is higher than the market prediction is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 9:30 GMT. Indicator Background The British … “GBP/USD: Trading the British Manufacturing Feb 2012”