Is there anyone who does not know the Europeans have a severe debt crisis which has the potential to engulf the world in one more financial melt down?
EUR/USD fell yet again on Thursday as the fears of traders continue to push this pair much lower. The reality is that there is a serious chance of Greece leaving the European Union now, and this has...
Technical analysis for 17/05
For weeks the forex markets have been focused on the plight of the euro and the economies in the Eurozone. The bears were perplexed, as the euro versus the USD, continued to find support around the 1.30...
The EUR/USD pair fell again on Wednesday as various negative issues surround the common currency at the moment. The market heard that the ECB has discontinued monetary operations with some Greek banks as they don’t have the...
The EUR/USD pair continued to fall on Tuesday as the markets worry about the various problems facing Europe. The breakdown over the last couple of weeks has been brutal, and there shouldn’t be much of a debate...
The aftermath from last week’s elections continue to weigh on the markets, and in currency markets, the threat of political change is the most important driver.
The dollar rose on fears of aggravating the situation in Europe.
The EUR/USD pair continued to fall on Monday as the traders in this pair sold the pair off without hesitations. The markets have seen the 1.29 level give way now, and this signals another round of weakness.
Market review for 7 – 11.05, 2012