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Euro Implosion?

posted by japock 725 days ago in EUR made popular 725 days ago

The 5-Min. Forecast quotes Rob Parenteau as saying this is prelude to major banking crisis. Parenteau is predicting Euro/$ equivalency will result. He says we are on the verge of a Eurozone implosion.

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Australia, NZ dlrs climb on yen after Japan PM quits

posted by alfred 725 days ago in AUD, NZD made popular 725 days ago

The Australian and New Zealand dollars rose on the yen on Wednesday after Japan's Prime Minister Yukio Hatoyama quit, while data showing Australia's economy was still on a firm foot helped at the margin.

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Jewelry sales slide as gold value rises

posted by hinata 725 days ago in USD, Gold made popular 725 days ago

Gold closed Tuesday, June 1, at a two-week high of 1,226.90 an ounce, just a few dollars below the record price of $1,243.10 on May 12. The soaring costs have slowed gold jewelry sales.

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Irrational Pesimism

posted by Itz 725 days ago in Technical, Fundamental, Sentiment made popular 725 days ago

The stock market is now clearly headline driven and a lot of the news continues to be negative. Although today's May ISM report was positive, there continues to remain so much noise in the market, high frequency trading and extreme short term out

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Canada is first G7 state to hike rates

posted by Binsonu 725 days ago in CAD, Inflation made popular 725 days ago

THE Bank of Canada has become the first G7 central bank to hike interest rates at its monthly meeting.

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Euro Seen Vulnerable Near 4-Year Low vs Dollar

posted by megumi 725 days ago in EUR made popular 725 days ago

The euro was steady against the U.S. dollar above a four-year low on Wednesday but looked increasingly vulnerable to another sell-off amid mounting concern that the euro zone's debt crisis is spreading to its banking system.

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NZD up in restrained trade

posted by morgan 727 days ago in NZD made popular 727 days ago

The New Zealand dollar rose today on month-end position squaring and also because the euro and Australian dollars were firm.

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AUD/JPY Rallies To Test Important Resistance Level

posted by jonell 727 days ago in JPY, AUD made popular 727 days ago

Since breaking lower on the 5th of this month, AUD/JPY has been below its 15-day MA. The 50% retracement of the second leg fall from 84.50 to 81.90 comes in at the same level which is at 78.15 and that, along with Fridays’ high of 78.00, should p

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Euro buys a dead cat bounce

posted by hinata 727 days ago in EUR made popular 727 days ago

The euro has shown it was able to buy a dead cat bounce with a short-term euro/dollar rally from 1.22 to 1.27. The political announcements from a variety of European leaders were not enough to change the direction of the euro trend. This is relen

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Crude Oil Rises as USD Decline Increases Commodity Demand

posted by jerome 727 days ago in USD, Oil, Consumer made popular 727 days ago

Oil declined on May 28 after a decision by Fitch Ratings to strip Spain of its AAA credit grade pushed the euro lower. A report tomorrow in the U.S., the world’s biggest oil consumer, will probably show the nation’s manufacturing expansion slowed

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June '10 British Pound Bear Trend Correction

posted by DannyBly 727 days ago in GBP, Technical, Daily made popular 727 days ago

Technically the MKT remains vulnerable to the downside. On the SELL side accept FADE, REVERSAL and BREAKOUT strategies. DIR and DP BREAKOUT strategies should just "go". A more conservative entry would be to wait for a positive reaction after a ne

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As euro falls, American consumers watch for deals

posted by Binsonu 727 days ago in USD, EUR, Consumer made popular 727 days ago

The Greek crisis contagion has pushed the euro into free fall for months now. Every day seems to mark a new low; many analysts predict it will drop below $1.20 in the near future, and some more-bearish currency experts are even predicting parity

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