The euro continued to trade in the shadows of the approved austerity package from the Greek parliament and the unwinding of pessimism remains the main pillar although the rally is losing momentum.
The EUR/USD was seen moving towards a three week high of 1.4570 yesterday after bullish economic reports pushed many investors away from the safe-haven greenback. Yesterday’s bullish PMI data from Chicago helped add to the trend of...
The Dollar Index (DXU11) depreciates for the straight fourth trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
The EUR picked up a bit more ground against the USD on Thursday as investors search for its real value. The Greek government passed the second round of their austerity measures and news has circulated that German...
Greetings. Let’s take a look at the EUR/JPY. We just broke a major trendline and we’ll have to see if this trend line will now start to act as support for a rising market.
ForexPros Daily Analysis June 30, 2011 Cable and Euro at major Resistance lines US dollar traded lower against the euro and pound in recent days, lost more value against the euro as Eur/Gbp seems to be in...
Greek parliament approves of the austerity measures.
Risk appetite has emerged as the austerity measures seem well on the way to clearing their hurdles via passage in the Greek government. Investors have seemingly bought into the short term optimism.
Wall Street closed in green territory as Greece approved debt-reduction measures. The market has been rallying, in theory at least, on Greece getting financial aid and trying to work its way out of the debt rash that...
With the parliament in Greece voting in favor of the austerity budget yesterday, most traders began to shift their portfolios to higher yielding assets in expectation of smoother sailing for the region, at least for a while.
