With a second week of decline occurring the past week, there is risk of further weakness in the new week. Immediate support stands at the 0.8489 level where a violation will call for a run at the 0.8400 level. Further down, support comes in at the 0.8350 level with a breach calling for a run … “EURGBP- Under Pressure, Sees Further Bearishness.”
Month: August 2013
Euro Gains on Bundesbank Comments About Inflation
Euro is higher today, gaining on comments from Germany’s central bank. The idea that the ECB could raise interest rates soon as a curb to inflation has some traders wondering if such a rate hike could be coming. As a result, the euro is moving higher. Even though the European Central Bank has promised to keep interest rates low in order to help spur the eurozone economy and save the euro, the Bundesbank … “Euro Gains on Bundesbank Comments About Inflation”
Trader of the Year Contest 2013 Announced
FXstreet is launching the second edition of the Trader of the Year Contest after the success recorded in 2012. Registration is open until September 29th. Here are more details from the official announcement: Barcelona, August 19th, 2013 — The 7th edition of the Trader of the Year Contest – the 2nd for the year 2013 – is … “Trader of the Year Contest 2013 Announced”
EURUSD: Looks To Recapture The 1.3415 level
With EUR bullish and targeting further upside, more bullishness is expected to recapture the 1.3415 level. A break through here will set the stage for more strength towards the 1.3500 level with a break resuming its broader upside and turning attention to the 1.3550 level. Its weekly RSI is bullish and pointing higher supporting this … “EURUSD: Looks To Recapture The 1.3415 level”
Obama in light of the poor recovery
Some people believe that President Barack Obama is the worst President of all time. Is he really? If we were to look back at all the previous recessions that have taken place since World War II and see just how much he has fared with regard to a return to normality, would he be within … “Obama in light of the poor recovery”
CBI Raises Growth Forecast of UK, Benefiting Pound
The Great Britain pound strengthened today as Confederation of British Industry raised its forecast of UK economic growth, reinforcing the positive outlook for Britain’s economy and increasing attractiveness of the currency to Forex traders. CBI increased its estimate for Britain’s growth this year from 1 percent to 1.2 percent. For 2014, the forecast was boosted from 2 percent to 2.3 percent. John Cridland, the CBI Director-General, said: The economy has started to gain … “CBI Raises Growth Forecast of UK, Benefiting Pound”
USA down, Europe up; what to expect this week? Weekly
Indices Last week saw the US stock markets retreating as market participants increasingly believed that the Fed will start gradually reducing the size of its stimulus programme in September. The S&P500 lost 2.07%, closing at 1,656 points and reporting its worst week since the beginning of the year. The US30 blue-chip index was down 2.20% … “USA down, Europe up; what to expect this week? Weekly”
NZD Rallies on PPI, Loses Gains vs. USD
The week has started with positive news for the New Zealand dollar as a report showed that the Producer Price Index rose last quarter. The currency jumped on the data initially, but weakened later and erased gains against its US peer completely as of now. The PPI output rose 1 percent in the second quarter of 2013, beating the forecast of 0.7 percent. The PPI input grew 0.6 percent, in line with expectations. Not all … “NZD Rallies on PPI, Loses Gains vs. USD”
5 Reasons You Need to Register for The World MoneyShow
The developments in the forex market over the past year have created boundless opportunities for traders who know how to work the market. You don’t want to miss this chance to capitalize on a volatile market; join Forex Crunch at The World MoneyShow Toronto to learn how to invest smarter and trade wiser. Why? 1. … “5 Reasons You Need to Register for The World MoneyShow”
Euro strength – how long will it last?
The strength in the Euro over the last few weeks has surprised many. Euro strength has certainly defied the bears but for how much longer? The euro is currently trading at 1.3340 just 3 cents below its 52 week high against the US dollar. Even as political crises have intensified in Greece, Portugal and Spain, … “Euro strength – how long will it last?”