Jun 16, 2011

Forex Crunch The ECB needs a rethink on rates

Forex Crunch The ECB needs a rethink on rates

The ECB needs a rethink on rates

Posted: 16 Jun 2011 04:51 AM PDT

In the wake of the ECB meeting last week, I detailed why I thought Trichet would go down in flames for signalling a July interest rate increase at a time when there were so many risks to the eurozone outlook, not least the fragility of the banking sector given the risk surrounding Greece.  These risks

EUR/USD Under Pressure, Trading Towards 1.39

Posted: 16 Jun 2011 02:25 AM PDT

In just 24 hours Eur/Usd has broken through two very important trend lines, that will send this pair into much deeper levels. A key reversal level for this move occurred at 1.45, where a recent corrective pull-back labelled as a black wave 2/B has topped out. You will notice, that in late NY trade yesterday,

Fears of Greek default take risk off the table

Posted: 16 Jun 2011 01:54 AM PDT

The deepening trepidation regarding Greece's financial predicament has once again weighed heavily on risk appetite over the past 24 hours, with equities and commodities beating a hasty retreat, the euro under renewed assault, and the dollar making hay. The single currency has been especially hard hit – after reaching 1.45 late in New York trading

GBP/USD Resumes Falls On Plunging Retail Sales

Posted: 16 Jun 2011 01:34 AM PDT

The volume of retail sales in Britain fell by 1.4% in May – quite a plunge. Early expectations stood on a drop of 0.5%. GBP/USD is now falling to support. Pound/dollar fell to 1.6115, just above support at 1.6110, which holds for now. It stood on 1.6160 before the publication. April saw a nice rise in

EUR/USD June 16 – Falls Continue On Crisis Complications

Posted: 16 Jun 2011 01:21 AM PDT

Euro dollar continues downhill and shifts to a lower range as the formation of a new Greek government is delayed, Spanish yields break to new levels, inflation is weaker than expected and more. More important US figures are out today . Here's a quick update on technicals, fundamentals and what's going on in the markets.

USD/JPY: Trading the US Consumer Sentiment

Posted: 15 Jun 2011 10:00 PM PDT

The preliminary release of US Consumer Sentiment by the University of Michigan is the last big release of the week and usually triggers action. Here is what expects us, and possible outcomes for USD/JPY, the preferred pair for the week’s last session. Published on Friday at 13:55 GMT. Indicator Background The University of Michigan, together

Forex Daily Outlook – June 16 2011

Posted: 15 Jun 2011 02:00 PM PDT

Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today. In the US, Building Permits, measuring the new building projects licenses along with future trends in the construction sector , reduced by 0.1 million on May and 0.55 million is expected this time. Later

EUR/USD Loses Support As There’s No Light at the End of the Greek Tunnel

Posted: 15 Jun 2011 08:50 AM PDT

EUR/USD lost another line of support after a pause. This comes as talks on Greece are deep in the mud. In addition, protests are raging in Athens, and Greek prime minister has already suggested that he will resign. Updates. Euro/Dollar lost the 1.4282 level after struggling with it during the day, and is now at

A Quick Glimpse at Forex

Posted: 15 Jun 2011 07:00 AM PDT

What is forex? Yes, the answer is long, but here’s a chance to get quick explanations and many interesting figures in one graphic image. CMS Forex has made a nice infographic explaining it. While it doesn’t and can’t provide the full picture, it looks great. CMS Forex, that was acquired by Gain a few months

GBP/JPY Maintains Recovery Tone, GBP/USD Loses Momentum

Posted: 15 Jun 2011 06:28 AM PDT

GBPJPY: Maintains A Recovery Tone. GBPJPY – While GBPJPY has halted its weakness started from the 140.02 level in early April'2011, it requires further strength to prevent a return to the 129.68 level, it June 12'2011 low.If this happens, GBPJPY will strengthen further towards its daily 200 ema at 132.94 with a violation of that

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