GBPUSD: Having failed to sustain ITS intra-day rally on Wednesday, GBP Gave back almost all of That gain to close marginally higher and print a shooting start candlestick pattern. This development leaves the risk of a reversal lower Possibly Towards the first 5496 level, its December 20’2011 low. Below here
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With Various Dangers Lurking to undermined the U.S. recovery and contagion of the euro-zone sovereign debt crisis, a persistently high Unemployment rate, a moribund housing market, the domestic debt issue Which threatens U.S. credit rating, and downward forecasts for global growth Especially in Europe And The United Kingdom The expectation
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Markets consolidated after yesterday’s sharp rally in risk and the U.S. dollar retraced some of the ITS Losses Against the G10 Currencies EXCEPT the CAD and the EUR. U.S. equities were Unable to sustain the positive Territory after brief intraday gains with the DJIA slumping late in the day to close lower
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It Seems like it Could be a quiet close to the week (famous last words). It is Veterans Day in the U.S., although the S & P is open Volumes Could be patchy. Added to That Euro Zone debt crisis-fatigue is likely be to keep people on the side-lines today. Overall, there is a
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FX markets were largely rank bound but choppy and headline risk remained elevated as several Developments continue to flow out of the Euro zone. Discussion over the size and Possible leverage of the EFSF, bank recapitalization plans, PSI, and Greek austerity came across the wires today. In Greece, riot Continued as
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Markets Opened the week on tensions before European Finance Chief’s meeting in Luxembourg later in the day, Where They Will discuss vital issues Such as the Greek default, the expansion of the European rescue fund and Measures to Protect bank from collapsing.
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Risk Markets attempted a recovery last week on some positive news as Germany and Finland Approved expansion of the EFSF while Troika Returned to Greece finally. However, strength of the recovery was far from impressive and lost momentum Towards the end of the week. While major U.S. and European stock
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The NZD / USD speed stalled ITS strong bullish run near the 0th 8765th In the U.S. session, risk aversion propped up the U.S. dollar, and we are seeing a sharp correction as NZD / USD Falls To The 0th 8690 support pivot, cracking it. The 0th 8675 pivot is the lower level in this range of support, coincident with
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The euro was hit hard this week by Moody’s downgrade of Portugal’s credit rating by four notch to junks status. If not for expectation on ECB rate hike on Tuesday, and more down the road, the common CurrentVersion Could cases even deeper. The common currency goodwill continue to face two contrasting
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New Zealand U.S. dollars is mildly firms as after RBNZ left rates Unchanged at second But 50% said thats the Official Cash Rate Will Be Increased gradually over the next two years to offset rising Underlying inflation, as GDP growth picks up. The timing of rate hike, though, Will Be dependent on the ;
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