Posts Tagged ‘Under’
Quote of the day: “I believe that banking institutions are more dangerous to our liberties than standing armies.” ~ Thomas Jefferson Good morning. The euro continued to decline, reaching a session low at $1.3608 before rallying on rumors that Greek referendum will be canceled. Fed’s Bernanke speech and the FOMC rate decision are today’s key events of [...]
Quote of the day: “Nothing great was ever created by waiting around for someone to tell you it’s all going to be okay or for perfect information to drop from the sky” ~ Jonathan Fields Good morning. The markets pulled back yesterday in risk-off trade but the euro is currently recovering ahead of German lawmakers vote on [...]
Quote of the day: “It is nobler to declare oneself wrong than to insist on being right – especially when one is right.” ~ Friedrich Nietzsche Good morning. The euro found temporary support at $1.35 after last week’s large decline on speculation Greece is nearing default. From a technical perspective, a recovery is likely and the [...]
The European Central Bank (ECB) spent 22 billion euros on bond purchases last week, as part of the expanded SMP (Securities Market Program), according to Reuters reports. The purchases exceed the previous record of 16.5 billion euros that the ECB undertook when it began buying Greek government debt in May 2010. The latest buying brings the total [...]
Quote of the day: “Real stupidity beats artificial intelligence every time.” ~ Terry Pratchett Good morning. Global markets recovered yesterday and the risk sensitive currencies followed, but the best performers were the CHF crosses, such as EURCHF which rallied over 6 big figures after SNB’s Jordan said that they are considering a temporary peg of [...]
Quote of the day:“Advice is what we ask for when we already know the answer but wish we didn’t.” - Erica Jong
EURUSD – 1.4384 @07:45 GMT
Morning. Euro is pulling back, retesting 1.4400 at time of writing as the overnight was capped by 1.4465. The sell-off is fuelled by worries over Portugal, which has been downgraded by [...]
Quote of the day: “If you don’t make mistakes, you’re not working on hard enough problems. And that’s a big mistake.” - Frank Wilczek
EURUSD – 1.4140 @08:02 GMT
Good morning. Euro remains under pressure even though it managed to recover some ground yesterday after slipping below $1.41, resistance zone around 1.4220 being strong so far. It’s been [...]
Quote of the day: “It is a very sad thing that nowadays there is so little useless information.” – Oscar Wilde
EURUSD – 1.4005 @07:38 GMT
Good morning. The modest recovery to 1.43 is over and the euro is retesting support zone into the 1.400-1.4050 region. Judging by how the daily chart looks like, a break lower [...]
Source: ForexYard
The euro came off of its daily lows versus the dollar but traders may be tempted to unwind long euro positions prior to the holiday weekend. Japan was downgraded by Fitch Ratings which allowed the dollar to come off yesterday’s lows versus the yen.
The dollar was down a day after disappointing US GDP data [...]
