Posts Tagged ‘ credit ’

Greece Weighs on the Euro…Still

This has really become the story that simply won’t go away. Just when it seemed investors had fully digested the implications of the Greek debt crisis, they once again turned their attention to it and attacked the Euro with renewed vigor. Summarized one analyst, “Fears regarding Greece have been reignited.” As a result, the Euro [ READ MORE ]

Dollar: What Goldman Means For Currencies

In a move reminiscent to that of some of the darkest days of the credit crisis, the VIX, or “Fear Index” as many like to call it, jettisoned nearly 15 percent in one day alone. The cause for alarm was the fact that Goldman Sachs was accused by the SEC in defrauding its investors. The [ READ MORE ]

Disregarding Fundamentals, Dollar Heads Up

The things are getting more and more disconnected these days. The oil is rising despite the increasing reserves. The dollar is going up despite the growing commodities. EUR/USD continued to decline today with the most probable reason still being the problems of Greece, but it may stop being the main driver soon. The pair is now trading near 1.3356. Crude oil inventories rose by another 2 million barrels last [ READ MORE ]

EUR/USD at Minimum Since May 2009 on Portuguese Rating Cut

The Forex isn’t reacting on the macroeconomic indicators today as the markets are shaken by the cut of the Portuguese credit rating by Fitch agency. EUR/USD managed to reach it’s minimum level since early May 2009 as the Eurozone’s problems spur investors in moving funds into dollar-backed assets. The currency pair is now trading near 1.3318. Durable goods orders went up by 0.5% in February, following 3.9% growth a month earlier (revised positively from [ READ MORE ]

Euro Pressured By Greek Saga

Euro came under renewed pressure in the wake of an announcement by Greek Prime Minister George Papandreou that Greece may turn to IMF if the EU is unable to provide the country with necessary loan guarantees and lower its cost of borrowing in the credit markets. Meanwhile yen slipped below the 90.00 figure as risk [ READ MORE ]

Dollar Returns to Favor as World’s Reserve Currency

Rumor has it that the Dollar is about to make a run. As the credit crisis slowly subsides, (currency) investors are once again looking at the long-term, and they like what they see when it comes to the Dollar. For those that care to remember, 2008 was a great year for the Dollar, as the credit [ READ MORE ]

New Russian Forex Broker with MetaTrader 4

IncoNeon is the latest Forex company that was added to EarnForex.com broker listing. It doesn’t yet have any reputation but it’s marketed quite aggressively. There is no regulatory information available about them, but it looks to be a Russian company. They offer $10 minimum account size (it’s a promotional minimum, the usual is $100) with the credit leverage up to 1:200. IncoNeon offers [ READ MORE ]

Euro Consolidates Ahead of ECB – Will Trichet Offer Support?

A bit of profit taking in risk FX in both Asian and early European trade today after a sharp short covering rally pushed all the high beta currencies higher against the greenback yesterday. The sell off was most predominant in Asian trade as Shanghai stocks slipped more than -2% on fears of further tightening of [ READ MORE ]

Understanding the Greece Situation

With this post, I want to try to clarify the Greek fiscal crisis. The problem is that it’s not clear exactly how serious the problem is, because most of the media coverage of the crisis has been directed towards the financial markets’ perception of it, rather than its underlying fundamentals. In the end, I think [ READ MORE ]

Could Greece’s Fiscal Problems Really Sink the Euro?

Currency markets operate in funny ways. Greece’s fiscal problems are hardly a new development. During years of boom and bust alike, it ran unsustainable budget deficits. Why investors have decided to fret now – as opposed to last year or next year, for example – on the distant possibility of default, is somewhat mysterious. After all, [ READ MORE ]

Get members only access to exclusive insider views and updates of the best Forex Robots at work! It's free to join.
ForexRbot Insider
* indicates required field

Powered by MailChimp