Tuesday,
09 February 2010,
01:05 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 08/02/2010 22:48 All times in GMT
Euro stabilises on slight recovery in risk appetite
Although weekend's verbal assurance from G7 finance ministers that Greece's fiscal problem will be dealt helped euro to stage a brief rebound to 1.3718 against the greenback in NZ/AUS trading, subsequent renewed selling interest pressured the pair to an intra-day low of 1.3621 in Asia. However, as German Finance Minister Wolfgang Schaeuble has expressed a degree of confidence on Greece's problems and European Central Bank Governing Council member Ewald Nowotny was quoted in newspaper Wiener Zeitung that eurozone countries should not issue joint bonds as a way to allow less solvent countries to raise debt at the expense of others, the single currency rebounded briefly in European morning before retreating on cross-inspired selling in euro and closing at 1.3650 (eur/jpy declined from intra-day high of 122.78 to 121.55).
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Monday,
08 February 2010,
15:20 GMT
Forexyard Daily Forex research
by Forexyard Research
FOREX Analysis - Dollar Rises to 8-month high on U.S. Non-Farms Report and European Worries
The dollar climbed to an eight month high versus the EUR on Friday
after the release of the U.S. jobs report. Credit concerns in Europe
are weighing on the market as traders have moved out of riskier
currencies and into the safety of the dollar and yen.
Economic News
USD - Unemployment Rate Improves
The greenback was significantly stronger across the board at the end
of Friday's trading with the lone exception coming against the Japanese
yen. Driving the dollar higher was a combination of a strong U.S. jobs
report and European economic sovereign debt fears.
At the end of
Friday's trading, the EUR/USD was trading at 1.3677 from an opening
price of 1.3741. The pair shed 1.
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Monday,
08 February 2010,
11:29 GMT
Forex.com
by Jane Foley, Research Director
EUR sees a reprieve, but budget problems remain. GBP on the back foot
The EUR has managed a decent correction higher in London hours supported by a better tone in equity markets.
Spain’s IBEX has managed to push almost 1% higher, the Athen’s Composite is still out of favour its decline has been limited to just 0.19% at present.
Cleary the issues surrounding the budgets in Spain, Greece and Portugal have not disappeared over the weekend but the G7 Finance Ministers meeting did prompt European officials to show solidarity over Greece.
ECB President Trichet said he believed that Greece would meet tough new targets, French Finance Minister Lagarde said the Eurozone countries would make sure the Greek plan was implemented with Chairman of the Group of Eurozone Finance ministers Juncker indicated that Greece would not be forced to go cap in hand to the IMF.
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Monday,
08 February 2010,
06:34 GMT
AceTrader
by AceTrader Research Team
GBP/USD Intra-day signal by AceTrader
Forex Strategy: Wud not advise chasing present decline n stand aside. Abv 1.5620/25 wud yield gain twd 1.5672.http://www.acetraderfx.com
INTRA-DAY GBP/USD: 1.5585
Last Update At 08 Feb 2010 06:08 GMT
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Monday,
08 February 2010,
00:45 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 07/02/2010 23:12 All times in GMT
Dollar and yen rise on continued eurozone deficit woes ahead of G7 meeting in Canada
The greenback and Japanese yen extended its recent gain versus most currencies after U.S. non-farm payroll showed unexpected jobs losses last month while the unemployment rate declined.
The U.S. economy lost 20,000 non-farm payroll jobs in January and the unemployment rate unexpectedly declined to five-month low of 9.7%. Analysts had expected a gain in jobs and a slight rise in the jobless rate. However, continued market worries over budget deficit crisis in Greece, Spain & Portugal spooked investors, causing European & U.S. stocks to fall, traders bought usd and the yen in New York morning session.
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Friday,
05 February 2010,
11:10 GMT
Forex.com
by Jane Foley, Research Director
EUR performs well as Greek spreads heal, Sterling drops as QE debate hots up
After yesterday’s 5.9% drop, the Spanish stock market opened this morning with another sharp decline, but subsequently bounced from the lows.
Generally, European bourses while down on the day are not extending their early falls.
Similarly, USD/JPY dropped again shortly after the London open after an attempt to push higher in Asia, but buying pressures emerged.
EUR/JPY, GBP/JPY and AUD/JPY are all displaying the same pattern and are holding above their recent lows.
Clearly the release of the non-farm payrolls data will be the next big trigger for the markets.
A better set of numbers would clear reduce the tensions which have become evident across all markets, but US data cannot fix the budgetary problems of Spain, Portugal and Greece.
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Friday,
05 February 2010,
09:58 GMT
Forexyard Daily Forex research
by Forexyard Research
FOREX Analysis - Market Volatility Expected to Continue Today as Non-Farm Payrolls Awaits
Following an intense trading session, on which gold dropped below
$1,060 an ounce, crude oil declined to $72.40 a barrel and the EUR/USD
fell to the 1.3670 level, another exciting trading day is expected
before the weekend begins. The U.S Non-Farm Payrolls is scheduled today
at 13:30 GMT, and as always promises to create extraordinary volatility
in the market.
Economic News
USD - Dollar Reaches 9-Month High against the Euro
The Dollar rallied against the Euro yesterday, gaining over 200
pips. The EUR/USD pair reached a 9-month low as a result, dropping to
the 1.3670 level. The Dollar also gained about 200 pips vs. the Pound
today, marking an extremely bullish session.
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