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…
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spoteuro Forex Daily Outlook March...Hello Traders! The euro continued to strengthen to 1.3700 as Greece announced further budget cuts and tax increases. The concern for the trader is now the volatility that will come out from unexpected news in the coming months as many questions remain unanswered. We expect the euro to retrace further, as high as 1.4500, but it will most likely have difficulty surpassing the 1.4200 level. Before this euro bullish outlook continues, we expect a retracement to 1.3650/1.3600. A break below 1.3580 will be bearish for the euro and well look for further USD strength. Dont forget, we will be hosting a Live! Trading session today, Thursday, March 4th, 0900 GMT/4am EST. Premium members may access the direct link in the Members Downloads section. The room will be open 20 minutes prior to trading. Ifyoud like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area. Please visit us at www.spoteuro.com
spoteuro Forex Daily Outlook March...A very fierce trading session yesterday. Initially, the market did just as expected, the euro started gaining ground before and during the first several hours of the London session but things crashed soon after more news came out in regards to Greece and the ezs bailout. Several factors played a role: 1.Germany announced they had not budgeted the bailout into their 2010 budget 2.The bailout would only be granted if Greece achieves its 2010 deficit target. 3.EU Monetary Affairs Commissioner said that Greece must deepen measures to reduce its budget deficit after meeting with Greek FM. The pound dropped to test 1.48 after polls showed that Gordon Browns party trailed the minority party, leading traders to believe that the UK will face problems cutting the nations record deficit. A very tough market to say the least as any bit of news will add much volatility. Dont forget, we will be hosting a Live! Trading session today, Tuesday, March 2nd, 1500 GMT/10am EST. Premium members may access the direct link in the Members Downloads section. The room will be open 20 minutes prior to trading. Ifyoud like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area. Please visit us at www.spoteuro.com
spoteuro Forex Daily Outlook Februa...Once again the market is unable to break below 1.3450, and we expect it to reverse if it is not able to close lower during todays session. Economic data overnight was mixed, with the yen gaining and the pound selling off the most during the last 24 hours. With GDP figures coming out of the UK and the US along with other data, well be focused to see if dollar strength continues. Until tomorrows action, it seems the market is trying to put in a bottom. Dont forget, we will be hosting a News! Trading session Friday, February 26th, 1500 GMT/7am EST. Premium members may access the direct link in the Members Downloads section. Ifyoud like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area. Please visit us at www.spoteuro.com
spoteuro Forex Daily Outlook Februa...Hi Traders, Fed. Reserve Chairman Ben Bernanke said that record low interest rates are still required to assist the economic recovery. The equity markets closed higher, while the dollar was mixed in what was mostly a choppy NY trading session. The market seems unsure of what it wants to do and with much more economic data due to be released today and tomorrow, well be looking for more volatility and hope the market provides direction. Dont forget, we will be hosting a Live! Trading session Thursday, February 25th, 0700 GMT/2am EST. Premium members may access the direct link in the Members Downloads section. The room will be open 20 minutes prior to trading; all this while US New Home Sales dropped to a record low in January. If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area.
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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...
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EUR/USD breaks to a new 9 month low after GDP is very worrying. An no – the Greek crisis is far from over. Next stop – 1.3420. European GDP figures were very disappointing. Germany’s economy didn’t grow in Q4. This followed weak growth in Q3 . According to the initial release, the German economy stalled. This fell short of...
A busy day expects traders, with a major survey in Europe, American consumer confidence and lots more. Let’s see what’s awaiting us. There’s still lots of talk about Bernanke’s mini rate hike . Although Monday saw some recovery, there’s still a notion that the Federal Reserve will be one of the more aggressive central...
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The week ends with more important releases: British and Canadian retail sales and American inflation numbers among other releases. Let’s review the events: Commodity currencies enjoyed a good week , riding on less fear in the markets. Will they manage to close the week higher? In recent weeks, Fridays were quite crazy. Following the rate decision...
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