KP Finance - 1:34 PM - Public
The EUR/USD finished the week above 1.3200, posting the highest weekly gains since October. Since January 16 the pair has risen more than 600 pips.
http://www.fxstreet.com/fundamental/market-view/european-crisis/2012/01/27/02/
http://www.fxstreet.com/fundamental/market-view/european-crisis/2012/01/27/02/
On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland's credit rating as it concluded the review of the six euro...
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The pair finished the week with a net gain of around 200pips and settled above the psychologically important 1.3000 level which in theory should indicate that the bulls remain in the driving seat.
Finally, technical support levels are seen at 1.3077/45 and then at the 10DMA line at 1.2951. On the other hand, resistance levels are seen at 1.3199, 1.3237 and then at 1.3282.
http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/01/27/
Finally, technical support levels are seen at 1.3077/45 and then at the 10DMA line at 1.2951. On the other hand, resistance levels are seen at 1.3199, 1.3237 and then at 1.3282.
http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/01/27/
EUR/USD The pair finished the week with a net gain of around 200pips and settled above the psychologically important 1.3000 level which in theory should indicate that the bulls remain in the driving s...
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By msnbc.com staff and wire U.S. economic growth picked up speed in the final three months of 2011, expanding at the fastest pace in 1-1/2 years, according to new data released Friday. The latest U.S...
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A successful challenge of 1.3197 (21st Dec high) will activate our trade and unlock fast moves into the next target zone at 1.3460 and 1.35482”. On the downside, a break below 1.3000 psychological level and after that 1.2879 support, will resume the major downtrend lower.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=88900763-3383-4c07-8972-d9a26d0ddacb
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=88900763-3383-4c07-8972-d9a26d0ddacb
After being capped at 1.3160, the EUR/USD lost some momentum and was being held around 1.3150, until the American session that threw the pair below 1.3100 level, to 1.3093 low.
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The Greek PSI deal and the fiscal pact will be the main focus on the EU-summit next Monday that is also having Germany’s CPI data release. After Tuesday’s EMU unemployment rate, PMI’s in Wednesday
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f737db0f-cbd3-4e1d-b7f1-a7e12be8b620
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f737db0f-cbd3-4e1d-b7f1-a7e12be8b620
The Greek PSI deal and the fiscal pact will be the main focus on the EU-summit next Monday that is also having Germany’s CPI data release. After Tuesday’s EMU unemployment rate, PMI’s in Wednesday “su...
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The U.S. economy expanded less than forecast in the fourth quarter as consumers curbed spending and government agencies cut back, validating the Federal Reserve’s decision to keep interest rates low f...
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DAVOS, Switzerland (Reuters) - Euro zone finance officials voiced optimism on Friday that a deal to avert a disorderly Greek default was imminent and that key building blocks to resolve Europe's sover...
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Date: 27 Jan 2012 06:03 EST Authored By: By Martin Vaughan | SINGAPORE (Dow Jones via eFXnews) If the euro, the dollar and the yen tended to rise and fall at predictable times of the day, could you tr...
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The Greece crisis has continued to poke holes to the whole of the European market and concerns have mounted over the best solution to the crisis. The yesterday was another day that saw the JPY gain ag...
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London Update Greece keeps markets on the edge for another weekend Discussions between Greece and its private sector bond holders kicked off again today (a week after a deal was expected to be agreed)...
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resistance level is pegged at $1,723 and then $1,733, while support stands at $1,708. While a consolidation or retracement phase remains possible at this stage, the short-term outlook is still positive,
ll eyes will be on the EU summit next Monday in Brussels," broker Commerzbank said. "It is questionable whether the EU state and government heads there will show a resolute and united front."
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6a24b51a-8ecd-419b-908a-2797b6bdef4e
ll eyes will be on the EU summit next Monday in Brussels," broker Commerzbank said. "It is questionable whether the EU state and government heads there will show a resolute and united front."
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6a24b51a-8ecd-419b-908a-2797b6bdef4e
Read the full article at FXstreet.com
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Opposition to payouts on Greek credit-default swaps from European Union policy makers is softening as disputes over a voluntary debt exchange threaten to push the nation into default.
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International Monetary Fund Managing Director Christine Lagarde discusses Greece's progress on structural overhauls and the role of the IMF in avoiding a default. She speaks with Maryam Nemazee and Jo...
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The same as Thailand before.
http://www.reuters.com/article/2012/01/27/us-greece-idUSTRE80P0DE20120127
http://www.reuters.com/article/2012/01/27/us-greece-idUSTRE80P0DE20120127
ATHENS (Reuters) - The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs ...
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He hoped a deal would be done by the EU summit that takes place on Monday. "They're about to close a deal, if not today maybe over the weekend, preferably in January rather than February,"
Greek officials are talking with private creditors about reducing its debt before a key payment comes due in March.
Athens also needs another tranche of its bailout aid from eurozone and international lenders, without which it cannot afford to repay 14.5bn euros ($19bn; £12.1bn) worth of bonds that come due on 20 March.
http://www.bbc.co.uk/news/business-16756505
Greek officials are talking with private creditors about reducing its debt before a key payment comes due in March.
Athens also needs another tranche of its bailout aid from eurozone and international lenders, without which it cannot afford to repay 14.5bn euros ($19bn; £12.1bn) worth of bonds that come due on 20 March.
http://www.bbc.co.uk/news/business-16756505
Greece could reach a deal with its creditors over the weekend, according to the EU's Economic Commissioner, Olli Rehn.
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For Greece, the Outlook Is Still Grim
http://www.nytimes.com/2012/01/27/business/global/grim-economic-forecast-for-greece-as-it-negotiates-with-creditors.html
http://www.nytimes.com/2012/01/27/business/global/grim-economic-forecast-for-greece-as-it-negotiates-with-creditors.html
A new analysis suggests the nation’s economic condition is worsening, throwing a wrench into talks meant to pave the way for more financial support.
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* Portuguese debt under pressure on second bailout worries * Investors edgy on Greek talks, risk asset rally cools * Italy 10-yr yields flat, some profit taking seen By Emelia Sithole-Mataris...
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At the FOMC meeting, Bernanke said the Fed might hit another round of QE if the following are observed: “a) weakening growth; b) an inflation undershoot; or, c) financial market turmoil that threatens...
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Read the full article at FXstreet.com
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Italy is becoming too similar to Greece: unsustainable debt, a technocrat government run by an ex-banker and slow moves on reforms. Yet contrary to Greece,
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I am actually looking for the next resistance level atabout the $1,800 level,"
"Maybe it's better to wait until Monday when the Chinese market reopens and see whether they will buy some more gold or they will take profits."
http://www.reuters.com/article/2012/01/27/markets-precious-idUSL4E8CR0GL20120127
"Maybe it's better to wait until Monday when the Chinese market reopens and see whether they will buy some more gold or they will take profits."
http://www.reuters.com/article/2012/01/27/markets-precious-idUSL4E8CR0GL20120127
* Gold due for a correction-technicals * Coming Up: U.S. GDP Q4; 1330 GMT (Updates prices, adds quotes) By Lewa Pardomuan SINGAPORE, Jan 27 (Reuters) - Gold fell from a 7-weekhigh on
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Resolving the Greek sovereign-debt crisis is crucial to avoiding contagion in Europe, said Deutsche Bank AG Chief Executive Officer Josef Ackermann, as private bondholders met Prime Minister Lucas Pap...
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Euro Weakens as Greece Argues with Creditors The euro erased its yesterday's gains against the US dollar and was flat today as Greece struggles to reach an agreement with creditors on a debt reduc...
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We will continue holding short, looking for the down trend to resume. Initial support lines up in the 1.2966-1.2927 region. Our longer-term objective remains at 1.2586. http://www.dailyfx.com/forex/technical/candlesticks/eur-usd/2012/01/27/EURUSD_Sellers_Aim_to_Regain_Momentum.html
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Bernanke: US economy not yet strongerhttp://www3.nhk.or.jp/daily/english/20120126_14.html
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Farther to the downside, support levels lie at 1.3045 and 1.3000, while,
resistance levels are seen at 1.3120, 1.3145 and 1.3170,
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6e6e9341-bfcb-4068-9245-f53dfb36e40f
resistance levels are seen at 1.3120, 1.3145 and 1.3170,
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6e6e9341-bfcb-4068-9245-f53dfb36e40f
EUR/USD has traded a modest 1.3075-1.3110 range so far this Friday, last quoted in the 1.3100 zone as markets await an outcome of the ongoing negotiations between the Greek government and the IIF.
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Gold traders are bullish for a fourth consecutive week, betting that the Federal Reserve’s pledge to keep interest rates low until late 2014 will extend the metal’s best start to a year in more than t...
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WASHINGTON (MarketWatch) -- Defense Secretary Leon Panetta on Thursday said the White House wants $525 billion for the basic operating costs to run the military in the fiscal year that starts October,...
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Ransquawk -
Greece will cut spending in medicine and defence equipment to plug a EUR 2bln hole according to ANSA
http://ransquawk.com/!#/headlines/200166
Greece will cut spending in medicine and defence equipment to plug a EUR 2bln hole according to ANSA
http://ransquawk.com/!#/headlines/200166
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By making this finite benchmark public, the Fed reveals the extent of inflation it will tolerate...
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The holidays are also a time of giving. I would like to take the opportunity to thank and recommend sites / blogs that are very useful for forex traders. Here
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Europe certainly remains in the limelight during Q1 2012. The Greek debt crisis began at the end of 2009 and has spread to other countries. Apart from
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The financial crisis in the eurozone still seems far from being resolved, which is weighing on the Euro. The economic indicators in the US are looking good, and the dollar could benefit. EUR/USD has been moving upwards, breaking the 1.30 level earlier this week. Will this upward trend continue, or will we see a correction in the markets?
Thus, the overall sentiment is neutral on EUR/USD towards this release.
Technical levels, from top to bottom: 1.3330, 1.3280, 1.3212, 1.3145, 1.3085, 1.30 and 1.2945.
http://www.forexcrunch.com/eurusdtrading-the-us-gdp/
Thus, the overall sentiment is neutral on EUR/USD towards this release.
Technical levels, from top to bottom: 1.3330, 1.3280, 1.3212, 1.3145, 1.3085, 1.30 and 1.2945.
http://www.forexcrunch.com/eurusdtrading-the-us-gdp/
The United States GDP, released quarterly, is a measurement of the production and growth of the economy. Analysts consider GDP one the most important
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supports at 1.3090, 1.2931 which is the 10DMA line and then at the 21DMA line at 1.2880. On the other hand, resistance levels are noted at 1.3199, 1.3237 and then at 1.3282.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=fc753218-ede8-4751-bcb4-ae4eba7d796b
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=fc753218-ede8-4751-bcb4-ae4eba7d796b
Following a failure attempt to break above 1.3180 and a consolidation phase, EUR/USD turned south and speeded losses during the American afternoon along with US equities.
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@forex
Republican = weaker US dollar
&
Democrat = stronger US Dollar
http://www.forexticket.co.uk/en/news/forex-94314
Republican = weaker US dollar
&
Democrat = stronger US Dollar
http://www.forexticket.co.uk/en/news/forex-94314
A little less than 4 years ago we began studying the correlation between changes in the Euro - Dollar exchange rate and the U.S. president's party (Democrat or Republican). Election years mark an ...
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Break of 1.32 would target Fibonacci levels from the October-January drop in EUR/USD at 1.3244”,
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=979c9a4c-7244-406a-815c-0c1b5aa10958
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=979c9a4c-7244-406a-815c-0c1b5aa10958
Market-movers on Thursday are clearly the Fed announcements regarding the fund rate to stay at very low levels until late 2014 coupled with an inflation target of 2% on ...
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The next resistance area is also coming up at the 1.32 pivot, seen in the daily chart as Nov. 25 low and then Dec. 21 high. The RSI reading is also testing 60. Also note a 38.2% retracement market at 1.3245. We can therefore expect some resistance between these two factors. Above 1.3245, we are looking at 1.3436 (50% retracement, and than more importantly 1.3627, 61.8% retracement near a key declining...
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After the FOMC's pledged to keep interest rates extremely low through late 2014, the USD weakened. This caused a failed double top attempt, which turned into an expanded flat. This was followed by a b...
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The daily chart shows that the market is now pushing at 1721.70, 50% retracement of the 1920.75-1522.60 bear run. The next level of resistance is near 1768, a previous pivot and 61.8% retracement. Above this there is a pivot at 1800, which should be the maximum target for the moment, before opening up the 1920.75 high.
http://www.fxtimes.com/technical-updates/gold-breaks-declining-trendline-a-look-at-upcoming-resistance-levels/
http://www.fxtimes.com/technical-updates/gold-breaks-declining-trendline-a-look-at-upcoming-resistance-levels/
Gold pushed higher yesterday after the FOMC pledged to extend the low interest rate period through the end of 2014. The reaction was USD weakness across the board, while equities gained, a risk-on eve...
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World Bank Zoellick says Italy situation could become very bad; all European central banks need to do more to help Italy
http://ransquawk.com/headlines/200030
http://www.forexlive.com/blog/2012/01/26/world-banks-zoellick-consequences-if-greek-doesnt-reform/
http://ransquawk.com/headlines/200030
http://www.forexlive.com/blog/2012/01/26/world-banks-zoellick-consequences-if-greek-doesnt-reform/
Italy situation could be very bad Focusing on Italy and Spain Sympathetic to Germans
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@alaidi
Still havent heard China's reaction to the Fed's 2 more years of zero rates. They sure dont want QE3, but thats not far from it #foex
Still havent heard China's reaction to the Fed's 2 more years of zero rates. They sure dont want QE3, but thats not far from it #foex
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Buying "Bullion" or Physical Gold
Investing in Non-Physical "Paper" Gold
Increasing Risk/Reward With Gold Miners
http://finance.yahoo.com/blogs/breakout/got-gold-3-ways-invest-now-215119485.html
Investing in Non-Physical "Paper" Gold
Increasing Risk/Reward With Gold Miners
http://finance.yahoo.com/blogs/breakout/got-gold-3-ways-invest-now-215119485.html
Man's relationship with gold dates back 7,000 years to the ancient burial tombs of Varna. Always considered a valuable commodity, the most widely followed precious metal on earth has as much appeal to...
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Technical analysts pointed to a bullish potential chart pattern in silver’s price combined with a down trend line break, as well as gold’s price breaking above a key long term moving average, as suppo...
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Spot gold was up 0.3 percent at $1,714.60 an ounce at 1212 GMT, while U.S. gold futures for February delivery were up $14.70 an ounce at $1,714.80. Earlier spot prices hit a peak of $1,719.89 an ounce, their highest since Dec. 9.
The euro rose to a five-week high against the dollar as a dovish stance from the U.S. Federal Reserve supported risk appetite and on speculation of a breakthrough in Greek debt negotiations.
http://www.reuters.com/article/2012/01/26/markets-precious-idUSL5E8CQ1GC20120126
The euro rose to a five-week high against the dollar as a dovish stance from the U.S. Federal Reserve supported risk appetite and on speculation of a breakthrough in Greek debt negotiations.
http://www.reuters.com/article/2012/01/26/markets-precious-idUSL5E8CQ1GC20120126
* Gold at highest since Dec. 9 after Fed announcement* Stock markets, commodities, euro all rally* Platinum miners hit by safety stoppages (Updates prices)By Jan HarveyLONDON, Jan 26 (Reuters) -
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The IMF warned on Wednesday that global crude prices could rise as much as 30 percent if Iran halts oil exports as a result of U.S. and European Union sanctions. If Iran halts exports to countries without offsets from other sources it would likely trigger an "initial" oil price jump of 20 to 30 percent, or about $20 to $30 a barrel, the IMF said in its first public comment on a possible Iranian oil supply disruption.
http://www.fxstreet.com/fundamental/analysis-reports/daily-morning-briefing/2012/01/26/
http://www.fxstreet.com/fundamental/analysis-reports/daily-morning-briefing/2012/01/26/
Good Morning, - Risk rallied a lot after the FOMC stated that the FED targets low rates trough 2014. EURUSD rose so far to 1.3133 or the Australian Dollar traded as high as 1.0639 (also with some supp...
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Oil rose for a second day in New York on speculation that Federal Reserve plans to keep U.S. interest rates near a record low will bolster investor demand for commodities.
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Resistances: 1.3230
Supports: 1.3095, 1.3050, 1.2980, 1.2875
http://www.forexmillion.com/forex-forecast/eur-usd
Supports: 1.3095, 1.3050, 1.2980, 1.2875
http://www.forexmillion.com/forex-forecast/eur-usd
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Headlines: Fed’s dovish decision supports regional currencies Czechs will lend EUR 1.5bn to IMF On Wednesday, CE currencies experienced yet another calm session and were trading barely changed ahead o...
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The EUR/USD climbed from 1.2931 to current daily high at 1.3174 on the FOMC meeting yesterday, where the Fed decided to keep its rate between 0% and 0.25% until the end of 2014, although many members ...
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Euro Crisis News Overview originally shared this post:
Key talks between Athens and its private creditors are to resume later to try to agree a debt write-off that could free-up bailout funds.
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This blog tries to capture the potential chart patterns that can change the course of the index or the stock. Home · NIFTY RT CHARTS · NIFTY 50 STOCKS · WORLD INDICES · DOW JONES 30 STOCKS · NASDAQ 10...
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Decreasing EUR risk premium opens upside says Goldman Sachs after calculating that 8 of the 18 big figures in the move lower from the 2011 high in EUR/USD was due to the escalating nervousness stemming from the euro-zone debt crisis. Now, Goldman says as the effects of the ECB's LTRO operations kick in, and with Greek PSI negotiations at least still ongoing, headwinds for the single currency have lessened. Goldman adds that positioning also points to increased upside in EUR/USD, supporting its forecast of 1.45 in 12-months time. EUR/USD at 1.3145.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6fd2457a-dcbf-40a0-8669-d81c014e7002
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6fd2457a-dcbf-40a0-8669-d81c014e7002
Alessio Dessi originally shared this post:
'The situation is about as serious and difficult as I've experienced in my career.'
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Maybe it is late maybe it is not, however if we still have some chances to avoid a finacial and economy mess we need to take this opportunity and Germany need to understand it quickly. via +Alessio Dessi
http://seekingalpha.com/article/321953-imf-to-germany-europe-is-on-course-for-disaster
http://seekingalpha.com/article/321953-imf-to-germany-europe-is-on-course-for-disaster
Through its recently published World Economic Outlook (WEO) and statements by Christine Lagarde and other top officials, the IMF has taken the position that Europe is presently on a course that will l...
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Europe’s problems are worse than generally acknowledged, The economics boils down to this: How many EU countries, in addition to Greece, are insolvent as opposed to merely illiquid? Insolvency implies that defaults are inescapable and playing for time won’t work.
More concisely, is Italy solvent? Boone and Johnson controversially include it, along with Greece, Ireland and Portugal, in their list of countries that “appear to be insolvent” once risk premiums are taken into account. This makes a huge difference, because it vastly enlarges the defaults that could ensue. Italy accounts for 1.9 trillion euros ($2.47 trillion) of Europe’s 8.4 trillion euros in sovereign debt.
http://www.bloomberg.com/news/2012-01-25/europe-can-beat-this-crisis-but-maybe-not-the-next-clive-crook.html
More concisely, is Italy solvent? Boone and Johnson controversially include it, along with Greece, Ireland and Portugal, in their list of countries that “appear to be insolvent” once risk premiums are taken into account. This makes a huge difference, because it vastly enlarges the defaults that could ensue. Italy accounts for 1.9 trillion euros ($2.47 trillion) of Europe’s 8.4 trillion euros in sovereign debt.
http://www.bloomberg.com/news/2012-01-25/europe-can-beat-this-crisis-but-maybe-not-the-next-clive-crook.html
How gloomy should we be about the European Union? Are its problems manageable, or is it headed for systemic collapse? My answer is yes -- the problems are manageable, and the EU’s leaders are behaving...
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German Chancellor Angela Merkel appealed to business leaders at the World Economic Forum to give policy makers the space they need to tackle the debt crisis, pledging that Europe will pull together an...
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Talks on a debt swap to avert a Greek default resume today as international policy makers squabble over the mounting cost of the rescue.
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Ben S. Bernanke laid the groundwork for a third round of large-scale asset purchases should unemployment remain higher than the Federal Reserve would like while inflation falls below a newly-establish...
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European stocks advanced after the U.S. Federal Reserve signaled keeping interest rates low through 2014 and laid the groundwork for a possible third round of asset purchases. U.S. index futures were ...
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