Video Update: 45B Euro Aid Pacakge for Greece Boosts Euro
EU leaders agreed to a 45 billion euro standby loan package for Greece at interest rates around 5%. The deal helped to ease market fears about Greek default and the Euro opened higher against most of its rivals.
Euro Rallies on News that Greek Aid May Come During Weekend
A bailout may be imminent for Greece following the events of this week which saw investors demanding higher premiums to take on Greek bonds, which put into jeopardy Greece’s ability to refinance its maturing debt and raise enough money to fill it
SSI: Retail AUDUSD Interest Slips 8% as Bears Take Profit
Intraday Highlight: AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.52 as nearly 60% of traders are short. Yesterday, the ratio was at -1.72 as 63% of open positions were short. In detail, long positions are 1.2% lower th
Euro Slides Amid Renewed Greece Jitters
Europeans came back from their 4-day Easter holiday and proceeded to sell the EUR/USD pair on concerns over Greece. There were rumors that Greek officials had wanted to amend its aid deal with the European Union, bypassing the IMF to avoid the le
Trillion-dollar green troughs
Unfortunately, I had to miss this week's biennial Globe Foundation conference on business and the environment. Set in Vancouver, Globe is the greatest show on Earth (or at least in North America) for green policy wonks, eco consultants, aggressiv
The dollar is again the prettiest PIG at the trough
For the last several years, global pundits and investors alike have had a love–hate relationship with the U.S. economy and its currency.
EU Leaders Reach A Deal on Greece Loan Package, Euro Rallies
European leaders came together on a back stop aid package for Greece, as pressure on the Euro had been building without some kind of resolution. The statement said, “The objective of this mechanism will not be to provide financing at average euro
Daily Economic Roundup - March 24, 2010
The currencies found themselves, dazed and confused yesterday, bouncing around their session highs and lows. With the amount of data coming out today, is a breakout in the cards?
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Euro Stumbles on Speculation that Greece to Seek Aid
Investors are getting increasingly anxious about Greece’s sovereign debt problems as the country has a large amount of debt coming due in April and there’s still no concrete financial rescue package in place to ease those concerns.
SSI: EURUSD Ratio Flips with Daily Shorts Diving 15%
Intraday Highlight:EURUSD - The ratio of long to short positions in the EURUSD stands at 1.09 as nearly 52% of traders are long. Yesterday, the ratio was at -1.18 as 54% of open positions were short. In detail, long positions are 8.9% higher
Today's Market, Dollar, Oil Oulook: Strategies
Markets mostly fell on Friday after a report showed consumer sentiment softened in March. Boris Schlossberg, director of research at GFT Forex, Ben Lichtenstein, president of TradersAudio and Peter Beutel, president of Cameron Hanover shared thei


