Euro on its Marks…Ready to Go?

September 3rd, 2009 admin

The big day for Europe is here, as ECB will announce its decision regarding the monetary policy. The euro is trading within tight ranges since early morning against its major counterparts and although it is widely awaited that rates will remain unchanged, investors are anticipating Trichet’s press conference which may give markets a glimpse of the banks future plans. The latest European data suggest that recovery is a reality in Germany and France and other European countries are getting ready to exit their recessions. However, by any means that does not imply that the bank will start rising…


Originally posted on NewsImpact

 
  Related Posts
To Be a Bull or Not to Be a Bull?
The week has come to an end, with dollar showing signs of weakness once again against its major counterparts and especially the euro, after better than expected news out of Germany and France yesterday, suggested that the worse may indeed be over for the Euro area and recovery may very well be a reality. The GDP numbers in Euro zone were surprisingly... 
Tests OK – Euro hesitant over the methods of the tests
At the moment, only 7 banks failed the tests, better than expected. Now the big question is about the quality of the tests. Until the methods of the tests are clarified, the Euro will continue hesitating. The number of failures is less important than the seriousness of the tests. Update: A case of a sovereign default wasn’t taken into account.... 
It isn’t over – Greece will continue weighing on the Euro
The details of the bailout plan sent the Euro far up on a weekend gap . While the gap isn’t filled, the troubles are far from over, and a new fall can happen anytime. 30 billion euros from the European Union in safety net money were promised to Greece just before the markets opened. This caused dramatic weekend gaps that sent EUR/USD to 1.3690.... 
Dollar and Yen Weaken as G8 Progresses
The dollar continued to gain overnight against its major counterparts, with EUR/USD trading below important 1.39 and GBP/USD finding it hard to gain above 1.61, after new regulations and plans were introduced yesterday by Alistair Darling, concerning the banks and their survival. The reality of that matter is that investors are not in a euphoric mood... 
2 Trillion Euros of Debt – Euro Has More Room to Fall
Fresh estimations about the size of Greek, Spanish and Portuguese debt to other countries stands at the huge sum of 2 trillion euros. These numbers, bigger than estimated earlier, cast a huge shadow over the Euro. Jacques Cailloux, who is the chief European economist for the Royal Bank of Scotland, showed that the public and private institutions... 
Forex Daily Outlook – February 5th 2010
The busy week comes to a climax with the monthly circus around the Non-Farm Payrolls. A gain in jobs is expected in this major release. And there’s more on the menu. Let’s see what’s awaiting us: Australia left the interest rate unchanged at 3.75% , disappointing the markets. The RBA Monetary Policy Statement will give a further... 
A Break-Up of the Euro?
A Break-Up of the Euro?
Lest you accuse me of doomsday predictions and excessive fear-mongering, consider that I have only broached this topic on one previous occasion . In 2005, it was suggested that the Euro would dissolve since a handful of member countries (France and the Netherlands) rejected the new EU Treaty. [Alas, the tragedy was averted when both countries'... 
Forex Daily Outlook – May 21 2010
Federal Reserve Bank of New York President William Dudley speaks in Sarasota, other great news from Canada with Core CPI and Core Retail Sales expected to rise and additional encouraging forecasts from other countries are on today’s menu. In the US, Federal Reserve Bank of New York President William Dudley delivers a speech at the New College... 
Spain’s Credit Freeze Weighs on Euro
The European leaders can deny a multi-billion rescue package for Spain, but the wheels are already in motion – foreign banks refuse lending money to Spanish banks, and the government may be unable to supply the liquidity. EUR/USD is also in a downwards motion, ending the short lived party. Also the ZEW Economic Sentiment was terrible –... 
Markets Ready to Put Recent Financial Collapse Behind?
What a day today is for the financial industry, as one year ago, on the 15th of September, markets across the globe got hit from the news that the biggest lender in USA Lehman Brothers filed for chapter 11 bankruptcies, amid the credit crisis and therefore starting the biggest liquidation that markets have seen for a long time. It was a black Monday... 
  Related Tweets from Twitter
forexeritaly (Forex informazioni)  : Acetrader-Daily Market Outlook 23-6-2010 http://ameblo.jp/mediationline/entry-10571195204.html #FX #forex..
Updated : 2010-09-04T04:30:20Z   |  Reply  |  View Tweet
kitanoau (Kitano Holdings P/L)  : Forex, Forex - UFXBank - Daily Outlook - 19-Mar-2009 :10-01 - English - http://forextradingadvices.com/WgV..
Updated : 2010-09-04T04:29:32Z   |  Reply  |  View Tweet
kitanoau (Kitano Holdings P/L)  : Forex: Forex - UFXBank - Daily Outlook - 19-Mar-2009 :10-01 - English http://bit.ly/90jdx2..
Updated : 2010-09-04T04:29:31Z   |  Reply  |  View Tweet
megapip (Megapip)  : Forex Daily Outlook ? September 2 2010: U.S. Unemployment Claims, U.S. Pending Home Sales and the Euro-zone GDP ar... http://bit.ly/cZew41..
Updated : 2010-09-04T04:27:55Z   |  Reply  |  View Tweet
Forex_Payday (Forex_Payday)  : Trader Outlook - Bob Iaccino's Daily Forex Webinars http://bit.ly/aRK1Ea..
Updated : 2010-09-04T03:59:14Z   |  Reply  |  View Tweet
  Related News from Digg
No comments yet.

Spam Protection by WP-SpamFree

TOP