Forex Crunch EUR/USD Loses Critical Support – Downfall Accelerated |
- EUR/USD Loses Critical Support – Downfall Accelerated
- Mama Mia! EUR/USD Falls to Critical Support as Italian Yields Scream
- GBP/USD Extends Falls on Huge Deficit
- EUR/USD Nov. 9 – Falls as Italian Yields Aim for 7%
- Berlusconi down – markets up
- AUD/USD: Trading the Australian Employment Change
- Forex Daily Outlook November 9 2011
- Berlusconi Still Insists on Staying – Yields Show Him the Door
- Evolution of the Forex Market
| EUR/USD Loses Critical Support – Downfall Accelerated Posted: 09 Nov 2011 03:26 AM PST Euro/dollar finally lost the critical support line and its losses are accelerating quite rapidly. The move that began with the margin raise for Italian bonds and turned into a full scale sell off of Italian bonds is now taking a bigger toll on EUR/USD. The pair breached support at 1.3650 and is now at 1.3625, falling quickly after this line is lost. Further support is at 1.36, but this is minor. Read the rest of the article EUR/USD Loses Critical Support – Downfall Accelerated |
| Mama Mia! EUR/USD Falls to Critical Support as Italian Yields Scream Posted: 09 Nov 2011 02:45 AM PST Italian 10 year bond yields are at 7.34%, crossing the 7% Rubicon that means a bailout. EUR/USD certainly reacted with a drop, but it still manages to hold on to critical support and remains in the range that characterized it. Berlusconi’s tentative resignation didn’t help. When LCH Clearnet SA announced that margins would be raised, yields jumped. 10 year benchmark yields stood on “only” 6.80% before the declaration. Note that the margin requirements take effect only tomorrow. Read the rest of the article Mama Mia! EUR/USD Falls to Critical Support as Italian Yields Scream |
| GBP/USD Extends Falls on Huge Deficit Posted: 09 Nov 2011 01:34 AM PST The deficit in the UK’s trade balance leaped to 9.8 billion pounds, much worse than 8 billion that was expected and 7.8 initially announced last month. The figure for last month was revised to a higher deficit of 8.6 billion. This high deficit in September 2011 tops the 9.7 billion deficit recorded in December 2010. This makes it the worst deficit in many years. Read the rest of the article GBP/USD Extends Falls on Huge Deficit |
| EUR/USD Nov. 9 – Falls as Italian Yields Aim for 7% Posted: 09 Nov 2011 01:20 AM PST Euro dollar is falling in range after the relief from Berlusconi’s tentative departure faded away. Market pressure continues, with LCH Clearnet SA raising margins. Will the ECB enhance its bond buying program to stabilize Italy? Bernanke will speak later on today, but the focus is still on Rome. Here's a quick update on technicals, fundamentals and what's going on in the markets. Read the rest of the article EUR/USD Nov. 9 – Falls as Italian Yields Aim for 7% |
| Posted: 09 Nov 2011 12:31 AM PST It's a damning indictment of what low regard politicians are held in when for the second time in a week we've seen markets rally on the resignation of a prime minister (first Greece, now Italy). And not just domestic markets; even US stocks squeezed out a 0.5% rally on the news. From here, it's a question of whether a change of captain can steer the ship away from the rocks, or whether the vessel remains doomed. For sure, the Berlusconi administration was often steering the wrong course, with the captain in the cabin rather than on the bridge, but the numbers remain the same. Italian yields are pushing 7% on the 10yr bond, growth has been anaemic for years (averaging 0.7% since start of EMU) and debt remains 120% of GDP. Furthermore, the lifeboat (the EFSF) is insufficient to perform a successful rescue. We remain in very testing times, but the euro itself also remains relatively resilient. The impact on Italian bonds is being overshadowed by the increase in margins from one of the main clearers, which makes it even more costly to hold Italian debt. Read the rest of the article Berlusconi down – markets up |
| AUD/USD: Trading the Australian Employment Change Posted: 08 Nov 2011 02:30 PM PST The Australian employment change is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine employment figures in trying to determine consumer spending and the health of the economy. If the Employment Change figure is better than forecast, this is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Read the rest of the article AUD/USD: Trading the Australian Employment Change |
| Forex Daily Outlook November 9 2011 Posted: 08 Nov 2011 02:00 PM PST Fed Chairman Bernanke Speaks in Washington DC and Trade Balance in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Ben Bernanke, Federal Reserve Chairman, is due to lecture in Washington DC Read the rest of the article Forex Daily Outlook November 9 2011 |
| Berlusconi Still Insists on Staying – Yields Show Him the Door Posted: 08 Nov 2011 09:19 AM PST Italy’s Prime Minister Silvio Berlusconi will meet the president, but doesn’t plan on resigning. He is clinging to power despite not receiving an absolute majority in parliament and after his main coalition partner told him to go. The markets want him out. Ten year Italian bond yields are once again at a record high of 6.77% in a clear vote of no confidence. Also in the short term, the charts are screaming: 6.38%. Read the rest of the article Berlusconi Still Insists on Staying – Yields Show Him the Door |
| Posted: 08 Nov 2011 05:20 AM PST It’s no secret that the forex market has evolved rapidly in the past few years. The financial crash of 2008 opened the door for many traders and investors into currency markets. So, here is the video: Read the rest of the article Evolution of the Forex Market |
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