Dollar was broadly higher last week as sentiments were gene rally weak. Worries on European debt crisis contagion Continued eventhough Political turmoil in Italy and Greece were cleared. Weak Both auctions in Euro Zone, provided no support to neither sentiments and investors’ minds were troubled Also as the dead line for
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Worry on European debt crisis hit a near-term climactic When Italian 10 year yield soared through The Sustainable 7% last week after Europe’s Biggest clearinghouse raised Margin Requirement for trading Italian bonds, and on the background of Political uncertainty in Greece and Italy. Nonetheless, The Political turmoil were
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Expectation management proved to Be the Most Important Thing In The Markets. While the outcomes of the EU summits were undoubtably Positively, Do They were anything ground-breaking. We heard about bank recapitalization, Greek debt haircut and beefing-up of EFSF before. They’re not new. But the expectation ahead of the second EU
View full post on Action Forex (ALL)
Expectation management proved to Be the Most Important Thing In The Markets. While the outcomes of the EU summits were undoubtably Positively, Do They were anything ground-breaking. We heard about bank recapitalization, Greek debt haircut and beefing-up of EFSF before. They’re not new. But the expectation ahead of the second EU
View full post on Action Forex (ALL)
Expectation management proved to Be the Most Important Thing In The Markets. While the outcomes of the EU summits were undoubtably Positively, Do They were anything ground-breaking. We heard about bank recapitalization, Greek debt haircut and beefing-up of EFSF before. They’re not new. But the expectation ahead of the second EU
View full post on Action Forex (ALL)
Expectation management proved to Be the Most Important Thing In The Markets. While the outcomes of the EU summits were undoubtably Positively, Do They were anything ground-breaking. We heard about bank recapitalization, Greek debt haircut and beefing-up of EFSF before. They’re not new. But the expectation ahead of the second EU
View full post on Action Forex (ALL)
Market sentiments were given a strong boost today as EU leaders finally made some progress after the highly Anticipated summit in Brussels. DOW managed to rebound from Strongly intraday low of 11,694 to close at 11,869, up 162 pts or first 4%. Dollar on, The Other hand, ERASED most gains Against
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The U.S. dollar was broadly mixed Against ITS G10 counter-party, Slightly firms Against the EUR, GBP, CHF and significantly weak Against the high beta Currencies CAD, AUD and NZD. Risk sentiment Continued to stabilizer as stock markets extended gains and amid better than expected labor data. In Europe, Germantown Chancellor
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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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www.pillartrading.com The Dollar vs. the Yen looks set to break new lows if the short term levels continue to act as resistance. Price is now sitting just above major profit taking areas for long term Bears in this market and we may start to see some covering should we move closer to those targets. As of right now there are no bullish set ups on any of the time frames so until we see a breakdown we have our eyes on the 81.50 area.