Forex Crunch 7 Scenarios for FOMC: Many Measures are Needed for the Dollar to Fall |
- 7 Scenarios for FOMC: Many Measures are Needed for the Dollar to Fall
- EUR/USD Sep. 19 – Extends Falls On Greek Complications
- Time running out for Greece
- Trading Sunday Gaps
- EUR/USD Loses Channel As Greek Aid Drifts Away
- Forex Daily Outlook – September 19 2011
- Troika asks Greece to Cut 100K jobs – Will Greece Refuse and Default?
| 7 Scenarios for FOMC: Many Measures are Needed for the Dollar to Fall Posted: 19 Sep 2011 04:30 AM PDT Ben Bernanke and his colleagues will be discussing a wide range of monetary stimulus options. Quite a few options are on the agenda, as the Federal Reserve is urged to do something to kick start the economy. QE3 is low on the list. The statement published on Wednesday, 18:15 GMT will be closely watched and will likely move the markets for quite some time. Here are 7 scenarios for this important event, and the expected impact on the dollar. Read the rest of the article 7 Scenarios for FOMC: Many Measures are Needed for the Dollar to Fall       |
| EUR/USD Sep. 19 – Extends Falls On Greek Complications Posted: 19 Sep 2011 02:37 AM PDT Euro dollar opened with a big gap lower under the channel and is now extending the fall and reaches another support line. Greece and the EU / IMF drift further apart from agreeing on conditions for the next tranche of aid. Will Greece say no to further austerity and default? The question is in the air. Here's a quick update on technicals, fundamentals and what's going on in the markets. Read the rest of the article EUR/USD Sep. 19 – Extends Falls On Greek Complications     |
| Posted: 19 Sep 2011 02:02 AM PDT With nothing concrete emerging from the Ecofin meeting over the weekend and Greece's creditors still balking at releasing the next tranche of bailout money, the single currency has fallen heavily overnight. Apparently the troika will be conducting a phone hook-up with Greek Finance Minister Venizelos today to discuss whether Greece has made sufficient progress on budget consolidation. At the same time, Europe's leaders are still in obvious disagreement over the details of the July 21st agreement. Euro-area finance ministers meet again in two weeks time to make a final decision on releasing funds to Greece. European leaders would also be aware of the growing international pressure to put their house in order, with US Treasury Secretary Geithner, the Chinese Premier and Russia's president Putin all voicing their concerns. To make matters worse for the single currency, Angela Merkel's party once again fared poorly in regional elections over the weekend in Berlin. Interestingly, the pro-Europe opposition SPD performed rather well. It is the dollar and the Japanese yen that have benefitted most from the euro's latest tumble. For the greenback in particular, September has been a very fruitful month. Government bond yields for the likes of the US, Germany and the UK are back in the sweet-spot, while equities are once more on the back foot. Read the rest of the article Time running out for Greece     |
| Posted: 19 Sep 2011 01:45 AM PDT Recent weeks have opened with significant Sunday / weekend gaps in quite a few currencies, with EUR/USD standing out in a sharp move. Trading in the early hours of the week isn’t for everyone. For many people, it just collides with their personal life – it is Sunday night in Europe and Sunday afternoon in the US. Do you trade these gaps? Here are a few things to watch out for. Read the rest of the article Trading Sunday Gaps     |
| EUR/USD Loses Channel As Greek Aid Drifts Away Posted: 18 Sep 2011 04:04 PM PDT Euro/dollar starts the week with a significant gap lower, below the channel that characterized its trade last week. The gap is more significant than last week’s. The main reasons for the drop are the serious difficulties in securing the next tranche of aid for Greece. The meeting of finance ministers failed to make progress, and the troika just set a list of demands – a long list. Worries about German banks also weigh on the euro. Read the rest of the article EUR/USD Loses Channel As Greek Aid Drifts Away     |
| Forex Daily Outlook – September 19 2011 Posted: 18 Sep 2011 02:00 PM PDT We start the week with Rightmove HPI in the UK as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, National Association of Home Builders (NAHB) Housing Market Index, Monthly Survey to determine the present and upcoming single-family household sales, 15 points are expected like on August. Read the rest of the article Forex Daily Outlook – September 19 2011     |
| Troika asks Greece to Cut 100K jobs – Will Greece Refuse and Default? Posted: 18 Sep 2011 07:35 AM PDT There are 15 painful reasons why Greek Prime Minister cut short his trip to the US. The EU / ECB / IMF troika listed 15 fresh demands, including a cut of 100,000 jobs in the next few years. The Greek government is reportedly meeting before markets open to discuss these demands. It’s unclear if they will move to approve them, but it is quite clear that approving them will trigger serious civil unrest. Read the rest of the article Troika asks Greece to Cut 100K jobs – Will Greece Refuse and Default?     |
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