Forex Crunch Europe remains deeply divided |
- Europe remains deeply divided
- EUR/USD Oct. 26 – All Eyes on EU Summit
- Forex Daily Outlook – October 26 2011
- Greek Bank Run Getting Serious – Citizens Queue Up in Greek Banks
- USD/CHF Detailed Technical Elliott Wave Analysis
- Canadian Dollar Retreating From Parity on Dovish Rate Statement
| Posted: 26 Oct 2011 02:22 AM PDT Given both the multitude and the complexities of the issues that Europe needs to address, expecting that all could be resolved by today was always an impossibility. Of course, the task has been made much harder by the exceptional financial constraints faced by most of the eurozone's sovereigns and Europe's clunky governance structure which significantly prolongs decision-making. As such, we can expect to be disappointed tomorrow. That said, it must also be conceded that steady and deliberate progress is being made on a number of fronts. On the EFSF, the proposal whereby the facility would set up a fund to guarantee bond-holder losses on new sovereign issuance appears to have gained sufficient acceptance, but as we have suggested previously, this is no more than simple financial alchemy. Read the rest of the article Europe remains deeply divided       |
| EUR/USD Oct. 26 – All Eyes on EU Summit Posted: 26 Oct 2011 02:11 AM PDT Euro dollar is now in an even narrower range towards the second EU Summit later in the day. There are big doubts if any meaningful decisions will come out of this decision. Some numbers are set to be absent and yet another summit is on the cards. We have important US figures as well today. Here's a quick update on technicals, fundamentals and what's going on in the markets. Read the rest of the article EUR/USD Oct. 26 – All Eyes on EU Summit     |
| Forex Daily Outlook – October 26 2011 Posted: 25 Oct 2011 02:00 PM PDT New Home Sales in the US and EU Economic Summit in Europe are the main events today. Here is an outlook on the market-movers awaiting us In the US, New Home Sales leading monthly report to value the new sold households on the last month, is about to rise from 295K on September up to 302K now. Read the rest of the article Forex Daily Outlook – October 26 2011     |
| Greek Bank Run Getting Serious – Citizens Queue Up in Greek Banks Posted: 25 Oct 2011 10:48 AM PDT On the eve of the second European Summit that will discuss significant haircuts on Greek debt, the citizens of the debt later country are lining up to grab their money. Greek banks hold a significant amount of Greek debt and they have already experienced a slow bank run. The evidence seen now is not only in the numbers, but also in queues. Read the rest of the article Greek Bank Run Getting Serious – Citizens Queue Up in Greek Banks     |
| USD/CHF Detailed Technical Elliott Wave Analysis Posted: 25 Oct 2011 06:37 AM PDT Usd/Chf recovered in five waves since August, after a very clear breakout to the upside, out of a downtrend channel, which is the most important evidence of a change in trend; from bearish to bullish. As such, we are very confident that significant low is in place and that Usd/Chf will move even higher in coming months, towards parity. But before larger uptrend will continue, we will likely see a deeper pull-back as first impulsive leg wave I appears complete around 0.9310..     |
| Canadian Dollar Retreating From Parity on Dovish Rate Statement Posted: 25 Oct 2011 06:03 AM PDT The Bank of Canada isn’t convinced by the recent improvements seen in Canada and remains quite cautious. USD/CAD, which was flirting with parity, is on the rise again. The pair is currently at 1.0075, significantly higher than around 1.0020 before the release. The trough of the day was below parity, at 0.9991. Read the rest of the article Canadian Dollar Retreating From Parity on Dovish Rate Statement     |
| You are subscribed to email updates from Forex Crunch To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment