EUR/USD sees whipsaw activity post FOMC
The initial market reaction to the latest minutes of the Federal Open Market Committee's April 24-25 meeting was a sharp dip in the US dollar against its major trading counterparts, with EUR/USD climbing into the 1.2740 ...
Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD
USD - The dollar is evenly mixed this morning against its major counterparts as the continued stream of positive economic data out of the US offsets some of the ongoing European fears. Housing starts came in better than expected as builders broke ...
Canadian Dollar Falls as Report on ECB Damps Appetite for Risk
Canada's dollar fell versus its US counterpart after Reuters reported that the European Central Bank halted monetary policy actions with some Greek banks, damping risk appetite. To contact the editor responsible for this story: Greg Storey at ...
Russia Cuts Euro's Share in Reserves to 42.1%, Raises Dollar
The US dollar's share was increased to 45.5 percent from 45.2 percent, while the Canadian dollar's portion was raised to 1.6 percent from 0.8 percent, according to the central bank's annual report submitted to the lower house of parliament and obtained ...
Risk Sentiment Lower as Greek Bank Withdrawals Hit Extreme L
Risk sentiment was broadly lower overnight after a story in the Wall Street Journal showed that withdrawals from private banks in Greece totaled 700 million Euros on Monday, which indicators a severe lack of confidence in the country’s financial
USD slaughters euro and commodities
Against the Canadian dollar (CAD), the US dollar rose to 1.0070 from 1.0022. Versus the Swiss franc (CHF), the greenback surged to 0.9431 from 0.9360. Market participants are expected to tune in on the Federal Open Market Committee (FOMC) Minutes ...
EUR/USD Forecast May 16, 2012, Technical Analysis
The EUR/USD pair continued to fall on Tuesday as the markets worry about the various problems facing Europe. The breakdown over the last couple of weeks has been brutal, and there shouldn’t be much of a debate on what direction the trend is headi
EUR/GBP Forecast May 16, 2012, Technical Analysis
The EUR/GBP pair attempted to rally for the session on Tuesday, but failed miserably. The 0.80 level had been support previously, and during the session acted as resistance. The failure to recapture the 0.80 handle suggests to us that we have far
EUR/CHF Forecast May 16, 2012, Technical Analysis
EUR/CHF continues to be dead money for the most part. The Swiss have put in place a “floor” in this market of 1.20, and the market is respecting it so far. If the pair does manage to fall below that level, the Swiss National Bank is very likely t
Binary Options Daily Analysis – Fear Continue to Rise as Gre
Binary Options Daily Analysis – Fear Continue to Rise as Greece Fails to Form a GovernmentEquities
Asian markets dropped on Tuesday, as fears of a Greek exit from the euro escalated. The Nikkei lost .8% to 9901, the ASX 200 fell .7%, and the
Australian Stock Market Report Midday 5/16/2012
The good news was that Euro Zone Growth (GDP) was released showing, no change, or 0.0% growth in the March quarter, just enough to hold the Euro Zone out of recession. The Germany economy once again led the pack, listing 0.5% growth over the quarter ...
EUR/CHF Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:The EUR/CHF ended the days battle at 1.2008 slowly moving closed to the SNB floor of 1.20, since April 5th the pair was in a tight trading range between 1.2010 and 1.2025 unable to break free, but this week the pair


