01/27/2012 in Trading, Trading Forex
EUR/JPY drops below 101.00 on general JPY buying interest. The Euro has traded down to 100.75 yen during the Asia/Pacific session. EUR/JPY support is seen at 100.28 (3 Jan high), with resistance at 101.13 (intraday). Right now the Japanese currency is supported on exporter-based buying as they convert proceeds into yen. Dealers say it’s a [...]
01/26/2012 in EURO, Trading, Trading Forex
Open 1.3110 High 1.3120 Low 1.2929 Close 1.3105 On Wednesday, 25th January, 2012 Euro/Dollar increased significantly with 190 pips. The Euro appreciated from 1.2929 to 1.3120, matching the positive Interbank sentiment projection at almost +10%. A break above the resistance and yesterday’s top at 1.3120 may trigger further strengthening of the Euro. Going bellow yesterday’s [...]
01/25/2012 in General
PARIS — Air France-KLM’s (AF.FR) financial situation is “extremely tight” and the company incurred a substantial operating loss in 2011 for the fourth consecutive year due, among other things, to rising fuel costs, the chief executive of Air France, one of the Franco-Dutch group’s two airline divisions, said Wednesday. Alexandre de Juniac told a French parliamentary commission that Air France-KLM’s [...]
01/24/2012 in Trading
The EURO increased considerably against the major currencies yesterday as a result of the announcement of the decision on the Greece’s debt crisis. Despite the lack of amicable solution, the EURO did gain considerably. This trend is expected to change today as traders await the announcement of the Richmond Index at 10:00 AM. In the [...]
01/24/2012 in General
NEW YORK (CNNMoney) — U.S. stocks opened in the red Tuesday as investors awaited progress on Greek debt talks and waded through another batch of corporate results. The Dow Jones industrial average (INDU) lost 65 points, or 0.5%, the S&P 500 (SPX)shed 8 points, or 0.6%, and the Nasdaq (COMP) dropped 12 points, or 0.4%. [...]
01/24/2012 in EURO, Trading, Trading Forex
Looking ahead, the focus turns to January’s preliminary set of Eurozone PMI figures, with consensus forecasts calling for narrow improvements. The region-wide composite PMI reading is expected to rise to 48.5 in January from 48.3 in the previous month, meaning both the manufacturing and service sectors shrank at a slower pace. While this hardly sounds [...]
01/23/2012 in Trading, Trading Forex
Barclays Capital recommends against buying the EUR/USD even if signs emerge that Greece and its private-sector creditors are making progress on a debt deal. “Although a positive outcome may reduce the EUR risk premium, the balance of risks, a slowing real economy and further easing by the ECB all suggest fading any short-term rally in [...]
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