Dec 15, 2011

Forex Crunch EUR/USD Dec. 15 – Good News But No Recovery

Forex Crunch EUR/USD Dec. 15 – Good News But No Recovery

EUR/USD Dec. 15 – Good News But No Recovery

Posted: 15 Dec 2011 02:57 AM PST

Euro dollar is stabilizing around 1.30, yet again licking the wounds after a fall. The Swiss authorities didn’t chose to weaken the franc against the euro, and this weighed on the single currency. On the other hand, better than expected PMIs and a very successful bond auction in Spain helped the pair stabilize. This is a very busy day. Will it end with a French downgrade? 

Here's an update on technicals, fundamentals and what's going on in the markets.

Read the rest of the article EUR/USD Dec. 15 – Good News But No Recovery

Spain Enjoys Another Successful Bond Auction

Posted: 15 Dec 2011 02:15 AM PST

Spain is not Italy. The euro-zone’s fourth largest economy enjoyed another successful bond auction, raising around double the expected amount. This time it auctioned bonds for longer terms, and also saw significant falls in its yields, compared to previous auctions. 

This success has an impact on the secondary market: the benchmark 10 year bond yields are falling. It also helps EUR/USD stabilize in range, under 1.30.

Read the rest of the article Spain Enjoys Another Successful Bond Auction

Euro-zone PMIs All Exceed Expectations – EUR/USD Unimpressed

Posted: 15 Dec 2011 01:11 AM PST

Purchasing managers’ indices in the euro-zone all came better than expected, yet EUR/USD cannot hold above 1.30. After a short run higher, the pair falls down once again.

A significant part of the fall can be blamed on the Swiss National Bank, that didn’t act to further weaken the Swiss franc against the euro.

Read the rest of the article Euro-zone PMIs All Exceed Expectations – EUR/USD Unimpressed

EUR/CHF Collapses As SNB Doesn’t Intervene to Further Weaken the Franc

Posted: 15 Dec 2011 12:31 AM PST

The Swiss National Bank didn’t raise the floor under EUR/CHF. It didn’t make a new effort to weaken the Swiss franc. Many had expected that the Swiss would lift the peg from 1.20 to 1.25 or even 1.30. This didn’t happen.

This sends EUR/CHF falling sharply from 1.2350 to 1.2250 and the pair is still shaking.

Read the rest of the article EUR/CHF Collapses As SNB Doesn’t Intervene to Further Weaken the Franc

Forex Daily Outlook December 15 2011

Posted: 14 Dec 2011 02:00 PM PST

Unemployment Claims and PPI in the US are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, measures the unemployment insurance that was filed on the last month, predicted to rise by 8K up to 389K

Read the rest of the article Forex Daily Outlook December 15 2011

FXStreet Forex Studies – Cool Trading Tools

Posted: 14 Dec 2011 05:50 AM PST

Forex portal FXstreet has launched a new service called My FX Studies. This is a new array of tools for traders, currently in beta. The tools include a heat map, moving averages, a currency strength chart and more.

The design is simple, intuitive, bright, easy to use and to configure. Here is a review of these tools.

Read the rest of the article FXStreet Forex Studies – Cool Trading Tools

EUR/USD: Trading the Philadelphia Fed Manufacturing Index

Posted: 14 Dec 2011 05:49 AM PST

 The Philadelphia Fed Index is an important leading indicator, based on a survey of manufacturers in the Philadelphia area. It is based on a survey of manufacturers' opinions of business activity, and as such provides a snapshot of the business climate and sentiment in the US. 

Here are all the details, and 5 possible outcomes for EUR/USD.

Read the rest of the article EUR/USD: Trading the Philadelphia Fed Manufacturing Index
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