Forex Crunch EUR/USD – Next Stop 1.330 |
- EUR/USD – Next Stop 1.330
- WSJ: BNP Paribas Executive Admits “Access Denied” For Dollars
- GBP/USD Bounces from 8 Month Low As Inflation Remains Firm
- EUR/USD Sep. 13 – Sliding Lower As Chinese Hope Fades
- Going nowhere fast
- Forex Daily Outlook – September 13 2011
- AUD/USD Finds Bottom at 2010 High
- When to Take a Break from Trading
- EUR/USD Pushes Higher on New Greek Hopes
| Posted: 13 Sep 2011 02:14 AM PDT Euro weakness accelerated late in the past week once the prices broke through the lower support line of a base channel, which we know is an evidence of an impulsive wave three. As such, decline from 1.4548 is considered as a powerful impulsive, but still incomplete leg, currently with a corrective wave 4 underway. Read the rest of the article EUR/USD – Next Stop 1.330       |
| WSJ: BNP Paribas Executive Admits “Access Denied” For Dollars Posted: 13 Sep 2011 01:48 AM PDT We already knew that European banks and French banks in particular had trouble accessing US money markets. But now, an anonymous executive in France’s largest bank, BNP Paribas, admitted that the bank has no access to dollars. Quite worrying. Shares of BNP Paribas continue their downward spiral once again, and lose another 9%. Other French banks such as Societe Generale and Credit Agricole are following suit. This weighs on the euro once again. The French government could bail out its banks in the next few days. Will France remain AAA? Read the rest of the article WSJ: BNP Paribas Executive Admits “Access Denied” For Dollars     |
| GBP/USD Bounces from 8 Month Low As Inflation Remains Firm Posted: 13 Sep 2011 01:33 AM PDT Headline British CPI rose to an annual pace of 4.5%, exactly as expected. GBP/USD now manages to escape from 8 month lows it dropped to prior to the release. While this may delay the next QE move, not all is rosy in Britain. British trade balance disappointed with a large deficit of 8.9 billion. Read the rest of the article GBP/USD Bounces from 8 Month Low As Inflation Remains Firm     |
| EUR/USD Sep. 13 – Sliding Lower As Chinese Hope Fades Posted: 13 Sep 2011 12:55 AM PDT Euro dollar is dropping within range after the hopes that China would save Italy are meeting reality once again. Germany is still officially keen to prevent a Greek default, but the market thinks differently and sees it as imminent. Will the pair break lower? 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. 13 – Sliding Lower As Chinese Hope Fades     |
| Posted: 13 Sep 2011 12:23 AM PDT Not for the first time, we're left with the impression in Europe that policy-makers are running to stand still and failing to keep up with the pace of events. On Monday, it was once again developments in the banks that were gaining the main attention. The euro did manage to regain some of its poise after the initial selling pressure seen during the Asian session, but it was a token effort in light of the recent losses. Meanwhile, the ECB is looking more and more adrift after the resignation of its Chief Economist Juergen Stark, the second casualty from the German establishment due to the ECB's foray into bond-buying. The phrase 'end-game' is cropping up more often with regard to the eurozone situation and understandably so. Quite simply, the momentum in markets (Greek 2Y yield now 70%) is far outpacing the ingenuity of politicians. Read the rest of the article Going nowhere fast     |
| Forex Daily Outlook – September 13 2011 Posted: 12 Sep 2011 02:00 PM PDT In the US FOMC Member Fisher Speaks, and RICS House Price Balance in the UK are the main events lined up. Let’s see what awaits us today. In the US, Federal Budget Balance, monthly report to value the deference between the income and spending of the federal government’s, this month a deficit is predicted from -129.4B on the last month to -126.5B this time. Read the rest of the article Forex Daily Outlook – September 13 2011     |
| AUD/USD Finds Bottom at 2010 High Posted: 12 Sep 2011 01:17 PM PDT The Australian dollar suffered from troubles far far away in Greece and stumbled to a one month low against the US dollar. It found support at the 2010 peak, which sent it to bounce higher, but it remains vulnerable. Greece has been swinging from hope to despair over the weekend and at the wake of the new week. On the bright side, a fresh property tax announced by Greece is expected to fill the gap in its bailout program – a move that will allow it to get the next tranche of aid. But this optimism was spoiled. Read the rest of the article AUD/USD Finds Bottom at 2010 High     |
| When to Take a Break from Trading Posted: 12 Sep 2011 09:22 AM PDT Are you switching from chart to chart in search for a trade, and eventually enter a losing position? Are you eager to take revenge after this losing one? Is your nose becoming too friendly with the screen? Taking a break can help you refocus. Taking one step further, it is wise to schedule these breaks. Here are a few ideas of how and when to do it. Read the rest of the article When to Take a Break from Trading     |
| EUR/USD Pushes Higher on New Greek Hopes Posted: 12 Sep 2011 05:39 AM PDT The property tax suggested by the Greek government probably worked out well for them: the upcoming tranche of aid will likely be approved for Greece, saving the country from default in October. While this move isn’t very popular in Greece, EUR/USD is pushing higher, leaving the gap behind for now. Read the rest of the article EUR/USD Pushes Higher on New Greek Hopes     |
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