Posts Tagged ‘ time ’

EUR/USD: The Next Benchmark is Parity

The Euro has now declined for six consecutive months against the Dollar. It is down 25% from its 2008 high and 15% in the year-to-date. It declined 8% in the month of May alone. En route to a four year low, the Euro also fell below the 50% retracement level ($1.21) of its rally from [ READ MORE ]

Top Inactive Forex Blogs

EarnForex blog has recently got into the list of the top 10 Forex blogs by Forex Crunch and that reminded me of the blogs that I used to read some time ago. They actually were in the old top lists during their good time but now they are inactive… [ READ MORE ]

Aussie Drops as RBA Indicates a Halt to Rate Hikes

As expected the RBA left it benchmark rates unchanged at 4.50%. This was only the second time in the past nine months that the Australian monetary authorities did not tighten having taken rates higher by 150bp during that time frame. [ READ MORE ]

Volatile Moves of EUR/USD Caused by Bad News for Euro & Dollar

EUR/USD currency pair experiences volatility today as both the dollar and the euro encountered some hardship. The euro was weakened by speculation that Germany may ban naked short selling of some securities permanently. In the same time, the dollar was harmed by reports, which showed slowdown of the U.S. economic growth. EUR/USD trades… [ READ MORE ]

EUR/USD Declines on Signs of Growing Consumer Confidence in U.S.

EUR/USD declined today amid signs of economic growth in U.S. and concerns for European economic stability. The central bank in Spain took over the savings bank CajaSur, that was heavily harmed by the property-loan defaults, causing concern about resilence of European banking system. At the same time, reports from U.S. showed that… [ READ MORE ]

Euro Rebounds But Rally Capped

Risk FX stabilized and staged a mild rally in mid-morning European trade today as equity bourses across the continent rose by more than 2% helping to fuel speculative sentiment. The situation in Korea remained tense with North Korea threatening to sever all ties with the South but kept the only road between the two countries [ READ MORE ]

Euro Rangebound But Pressure Persists

A mild risk rally in Asian session spurred by a 3% gain in the Shanghai index quickly evaporated by the time European dealing began with EUR/USD falling through short term support at 1.2450 by mid morning trade. Risk FX rallied into the Asian close as Chinese stocks rose on speculation that the PBOC [ READ MORE ]

News Trading EA — Now for MetaTrader 5!

One more MetaTrader expert advisor is now available for MT5. This time it’s Amazing EA, which is used to trade on Forex news. It wasn’t easy to convert this EA because it’s quite big and deals with both positions and pending orders. The new version… [ READ MORE ]

Failed Euro Bailout Would Buoy Yen

Given that only a week has passed since the bailout of Greece was formally unveiled, it’s still too early to determine whether the plan will be success. Regardless of how it ultimately plays out, though, the bailout (not too mention the concomitant crisis) is shaping up to be THE big market mover of 2009. As [ READ MORE ]

Is The Euro Cheap?

For the first time in 5 trading days, the euro ended the NY trading session higher against the U.S. dollar. No major European data was released this morning but the weakness of the euro has started to stress policymakers. Over the past month, the euro has fallen more than 8 percent or 1100 [ READ MORE ]

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