Eur/Usd fell sharply during the past few weeks from 1.4279 region, where an impulse wave (C) completed a three wave bounce from 1.1875 region. A decline from the highs is very powerfully, and signals for more weakness ahead since the prices also fell below 1.3330 region, which confirms a bearish scenario and invalidates any bullish … “Eur/Usd Targeting 1.2950 And Then 1.2500”
Author: admin_mm
North Korea Has 70,000 Cannons Targeted at Seoul
As the US South Korean naval exercise begins, North Korea deployed surface to surface missiles in the Yellow Sea, and also moved other missiles further south. The North Koreans have vowed that any trespassing of their borders, through land, air or sea, will meet a strong response. And even without these latest movements, North Korea … “North Korea Has 70,000 Cannons Targeted at Seoul”
Spanish House Prices May Be Lower Than Thought – Problem
There isn’t enough reliable information about the prices of homes in Spain. Most of the data is based on asking prices rather than on actual deals. A growing portion of assets held by Spanish banks are foreclosed homes – currently estimated at 60 billion euros. If they’ll need to reassess prices, they’ll be in deeper … “Spanish House Prices May Be Lower Than Thought – Problem”
US Dollar Strengthens Throughout Week on Demand for Safety
The US dollar strengthened this week as the concerns for the spreading of the European sovereign-debt contagion and the worries about the tensions between North and South Korea boosted the demand for the safer assets. The concerns about the European debt crisis increased after the Standard & Poorâs Ratings Services downgraded Irelandâs long-term sovereign rating two steps from AA- to A. Now concerns shifted to Portugal and Spain. The Financial Times Deutschland said that the Eurozone policy … “US Dollar Strengthens Throughout Week on Demand for Safety”
Saad Hariri Visits Teheran – Tries Stopping Iranian Takeover
Lebanese prime minister Saed Hariri, son of murdered former PM Rafik Hariri, is visiting Teheran in an attempt to stop the Iran from taking over Lebanon with Hezbollah, once the tribunal submits the indictments against senior Hezbollah militants. Saed Hariri is spending to days in Teheran, the meeting also with president Ahmadinejad, but his chances … “Saad Hariri Visits Teheran – Tries Stopping Iranian Takeover”
Rates in Australia to Remain Unchanged in Near Term, AUD Falls
The Australian dollar slumped today after the remarks of Australia’s central bank governor suggested that there will be the interest rates increased in the new future. Glenn Stevens, the Governor of the Reserve Bank of Australia, said that the stronger currency was helping to contain the inflation and suggested that the current level of the interest rates is appropriate in the near term. The statement caused the speculation that there will be no interest rates hikes, … “Rates in Australia to Remain Unchanged in Near Term, AUD Falls”
Catalonia Elections Could Shake Euro
On Sunday, November 28th, elections are held in Catalonia, one of the richer regions in Spain. The local Socialist party is expected to lose – a “punishment” for the actions of its “mother party” that controls Spain. This can add more weight on the Euro. Here’s a very brief explanation of local politics: A recent … “Catalonia Elections Could Shake Euro”
Canadian Dollar Falls as Fundamentals Favor Safe Currencies
The Canadian dollar slumped today against its US counterpart as the tension between North and South Korea is becoming more heated and the European debt crisis threatens to spread across the Eurozone, causing the investors shun the growth-related currencies in favor of the safer ones. The conflict between North and South Korea is closing to the brink of war and was further worsened with the involvement of the United States. The policy makers of the Eurozone are attempting to convince Portugal … “Canadian Dollar Falls as Fundamentals Favor Safe Currencies”
Forex Portfolio Grows With Volatility
This wild week of action in forex has been good to the forex portfolio, especially to the riskier traders. As you can see below, the forex portfolio has shown nice growth since last week’s report. We had lots of bad news from Europe in the past week, and also rising tensions in the Koreans peninsula. This … “Forex Portfolio Grows With Volatility”
Hezbollah Indictments Due December 2nd
The special tribunal for Lebanon is expected to publish its conclusions on Thursday, December 2nd, 2010. The conclusions are likely include indictments against senior Hezbollah members. This is expected to raise tensions in Lebanon, to say the least. Evidence obtained by the STL is likely to show that Hizballah assassinated Rafik Hariri, former Prime Minister … “Hezbollah Indictments Due December 2nd”