Sep 17, 2011

Forex Crunch Forex Weekly Outlook – September 19-23

Forex Crunch Forex Weekly Outlook – September 19-23

Forex Weekly Outlook – September 19-23

Posted: 17 Sep 2011 01:17 AM PDT

Europe continues struggling and a Greek default seems very close.  The crisis will likely step aside at least for a short while, as the focus turns to the Fed. Euro-Zone German ZEW Economic Sentiment, US housing data and the highly anticipated FOMC Statement are the top of our list this week. Here is an outlook on the main market movers lined up ahead.

Last week five major central banks offered to provide dollar liquidity to European banks in fear Greece would not meet its financial obligations to the EU, resulting in an official Greek default.  The financial situation in some of the EU countries is worrisome laying a big burden on EU shoulders as well as affecting global markets. Could Greece surprise the world and meet its financial demands?

Read the rest of the article Forex Weekly Outlook – September 19-23

Forex Links for the Weekend – September 17

Posted: 16 Sep 2011 11:52 AM PDT

After the huge moves last week, we’ve seen some consolidation. Next week we have the Fed, but for now, the markets are closed and it’s time to enjoy some long term reads, all related to forex, either directly or indirectly. Enjoy!

It’s not that the past week wasn’t dramatic: EUR/USD fell to a 7 month low and GBP/USD to an 8 month low. The euro got some help from the joint announcement by 5 central banks, that pledged dollar liquidity, especially for French banks. But this seems like a band aid. This September is very busy, and continues the busy August.

Read the rest of the article Forex Links for the Weekend – September 17

EUR/USD Moves Down As Greek Bailout is Stuck – Default in the Weekend?

Posted: 16 Sep 2011 05:32 AM PDT

EUR/USD is now moving deeper into the channel and below one more support line as the next tranche of Greek aid is still in the air. 

According to the leaders of the EU, the conditions for the 8 billion euro tranche have not been fulfilled yet. But perhaps this isn’t the Greeks this time -it might be due to the demand for collateral made by Finland.

Read the rest of the article EUR/USD Moves Down As Greek Bailout is Stuck – Default in the Weekend?
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