Posted on Friday, October 28th, 2011 at 10:02 am.
EUR continued its surge yesterday on optimism of the announced deal from the EU coupled with positive GDP data out of the US which saw a weakening of the USD pushing EUR/USD to fresh highs. Will this rally continue? It may short term in today’s trading however once the market settles and gains access to [...] Read More...
Posted on Thursday, October 27th, 2011 at 12:12 pm.
Markets are trading on relief. The EUR climbed in the Asian session after the EU leader’s agreement to support the regions financial system. They’ve agreed a deal to bolster the EFSF (European Financial Stability Fund) to 1 Trillion EUR from its current level of 440 Billion EUR. Instead of the 60% ‘haircut’ for Greek debt [...] Read More...
Posted on Wednesday, October 26th, 2011 at 11:00 am.
Today is deadline day. Or is it? If you could let me know that’d be appreciated. Europe seems to be struggling to appease the world in their collective efforts to subdue the debt crisis. If Greece default then contagion is almost certain and will harm Italy, a high likelihood of France being involved, the Banking [...] Read More...
Posted on Friday, October 21st, 2011 at 10:14 am.
Will they won’t they? The EUR dipped in late afternoon trading yesterday as confusion and uncertainty remains on whether a comprehensive plan will be announced to resolve the debt crisis at the EU summit on Sunday. Germany and France are trying to downplay expectations saying that there is no quick fix and that final decisions [...] Read More...
Posted on Tuesday, October 18th, 2011 at 2:25 pm.
EUR/USD has dropped off from its high and has of 1.39 rebounded lower dipping below the 1.37 level this morning. I feel we’ll see a corrective movement over the coming days/weeks with it pushing back down to the 1.31 level which we hit at the beginning of last week. This move has given Sterling some [...] Read More...
Posted on Tuesday, October 4th, 2011 at 10:50 am.
Europe’s ability to both manage and contain its debt crisis is now beginning to cause real concern for markets. Confidence is beginning to falter for the single currency as it hit its lowest level against the Yen in over a decade. The possibility of a Greek default is said to be as close to guaranteed [...] Read More...