The euro fell once again yesterday, following concerns that Portugal and Greece might face a credit downgrade within the near future. This also had a positive impact on commodities, especially crude oil, which is now trading near...
Market Review – 21/12/2010 21:23 GMT Euro falls due to ratings warnings on Portugal and Greece Euro weakened against dollar on Tuesday after Moody’s said it might downgrade Portugal’s ratings. Euro was further pressured as Fitch put...
Demand for save-haven grows. Asian and European trading sessions: Euro: On the first day of this week the euro was affected by the reduction of the EC countries’ credit ratings by Moody’s Investors Service. Last week the...
Since beginning of current week, EURUSD is consolidating and verging on upward correction. Breach of a Fibonacci retracement of 1.3194 will strongly confirm short-term upward scenario.
The euro traded near a two-week low against the dollar on speculation some European nations and banks will struggle to raise funds amid the region’s debt crisis. The euro also fell to a series of fresh all-time...
Market Review – 20/12/2010 21:30 GMT Euro falls as European debt worries grow The euro tumbled broadly on Monday on lingering European debt worries as Moody’s downgraded two Irish banks to junk status.
Previous trading week saw greenback being pressured by various factors. On Monday after the announced information that the Chinese Government would not increase the interest rates, the stock market grew and the greenback was pressured. Possibility, that...
The EUR/GBP currency pair closed up last week. Nevertheless, the EUR/GBP reduced slightly after that it did not break through the resistance level around 0.8535.
ForexPros Daily Analysis December 20, 2010 Euro Dollar: Friday’s action seems to confirm the short at 1.33777, with a target of 1.27715. I would like to see a close below 1.31445 to confirm the short.
Confusion over if and when the Irish bailout will occur, has caused the euro to extend its losses from last week in overnight trading. Against the USD, the 16-nation currency dropped as low as 1.3126 before staging...
