Jun 15, 2011

Forex Crunch EUR/USD June 15 – Free Falling on Greek Deadlock

Forex Crunch EUR/USD June 15 – Free Falling on Greek Deadlock

EUR/USD June 15 – Free Falling on Greek Deadlock

Posted: 15 Jun 2011 03:41 AM PDT

Euro dollar is free falling to low support as the Greek crisis worsens on all fronts: from French banks to Greeks. Quite a few major US figures await us. Here's a quick update on technicals, fundamentals and what's going on in the markets. EUR/USD Technicals Asian session: The pair failed to hold on to high

GBP/USD Drops on Another Disappointment in Jobless Claims

Posted: 15 Jun 2011 01:35 AM PDT

The number of unemployed people in Britain jumped once again at a high rate of 18.6K, much more than 7.1K that was expected. This third consecutive rise and third disappointment in a row sends GBP/USD towards support. Yet again, Claimant Count Change, the earliest measure of British unemployment, jumped in May by almost 20K. This is

Greece continues to be a thorn in Europe’s side

Posted: 15 Jun 2011 01:23 AM PDT

An emergency meeting of euro-area finance officials overnight failed to break the impasse over how or whether to involve creditors in a second Greek bailout package, the conclusion being that more time was needed to satisfy both sides. Because of the ongoing deadlock, finance officials have agreed to recommence discussions on Sunday, a day earlier

EUR/USD: Trading the Philly Fed Manufacturing Index

Posted: 14 Jun 2011 10:00 PM PDT

The Philly Fed Index has had a stronger effect on currencies in recent months, due to big surprises and swings. The upcoming release provides a trading opportunity. Here are the details, and 5 possible scenarios for EUR/USD. Published on Thursday, at 14:00 GMT. Indicator Background The Federal Reserve region of Philadelphia always had a significant impact

USD/CHF Setting For a Return, GBP/USD Recovering with Caution

Posted: 14 Jun 2011 09:32 PM PDT

USDCHF: Setting Up For A Return To The 0.8325 Level. USDCHF:  With its inability to sustain its past week momentum, USDCHF could be headed towards its Jun 05'2011 low at 0.8325. Guest post by www.fxtechstrategy.com If this level is taken out, the pair will resume its long term downtrend towards the 0.8300 level, representing its psycho

Euro Forming A Higher Corrective Pull-back; Now Threatening 1.4500 Resistance

Posted: 14 Jun 2011 02:04 PM PDT

Euro is forming a short covering rally after the some powerful downward reaction at the end of the past week, which is quite interesting after S&P downgraded Greece to negative CCC outlook. In normal circumstances you would expect a Euro sell-off, but technical always win, very similar and contrary reaction that was already seen in

Forex Daily Outlook – June 15 2011

Posted: 14 Jun 2011 02:00 PM PDT

CPI  in the US and Manufacturing Sales in Canada are the main events today.  Here is an outlook on the market-movers awaiting us In the US, Consumer Price Index (CPI) measuring the price of living, shows the difference between basket of goods and services with volatile components, reduced to 0.4% on May and further reduce

Soros Says that China is Going Down, and You’ve Missed the Short Opportunity Already

Posted: 14 Jun 2011 10:12 AM PDT

Billionaire George Soros spoke at a conference in Oslow, Norway on Tuesday. In his speech, he remarked that there was growing evidence that the Chinese government was losing control of the economic situation in the country. Soros stated that it appeared as if wage price inflation was beginning to infect the Eastern Asian powerhouse, and
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