European markets are rallying today, but the Euro is negative near two year lows. The Euro is at 1.274 down 0. 00.13.
Comments »Hows Your Greenback ?
FLASH: The Euro is Making Fresh Lows
The Euro is at 1.2579 (-0.83%) to the dollar. As a result, European and US markets and fucking PLUNGING.
Comments »The Aussie and Kiwi Dollars Fall to New Lows Amid Global Risk Off Trading
The Yen Trades Lower as Stimulus is Expected
The Yen fell against its peers on speculation the BoJ will pour stimulus into the economy and that Europe is close to mending its debt woes.
Comments »Anyone Watching This Bull Flag in the EUR/USD ?
The eur/usd popped earlier and is now setting up a bullish flag. Interesting development to say the least.
Comments »The Aussie and Kiwi Dollar Hit 5 Month Lows as Investors Shun Risk On Trades
The Aussie and Kiwi Dollars Bounce on Oversold Conditions; The Euro Breaks 1.28 and Rests on a Key Support Level
The Aussie and Kiwi dollars see a dead cat bounce.
The Euro has broken through 1.28 and is hovering above a key support level that could open the door to 1.16ish.
Comments »FLASH: Euro Erases Gains and Resumes a Path to Parity With the Greenback
The Euro Manages to Hold Rebound Status by 0.0022
I know currencies are supposed to trade slow, but calling up 0.0022 a rebound is preposterous.
Comments »Hopium for Risk On Comes in the Form of a Stronger Aussie Dollar Overnight
“The Australian dollar rallied from an almost five-month low as a technical indicator suggested its recent decline was excessive.
The New Zealand dollar, known as the kiwi, earlier slid to a four-month low amid concernGreece will be forced to leave Europe’s currency union, sapping demand for riskier assets. Australian bonds rallied, sending yields to record lows, after the Reserve Bank released minutes of its latest meeting when it cut its key rate by half a percentage point.”
Comments »Rumors Swirl Over the Euro Being Tied to the Dollar at or Close to Parity
The Euro is getting weaker by the minute. Speculation rises as Europe’s woes get greater.
Comments »The Euro Falls on The Permanent Ongoing Greek Tragedy AKA Grecian Formula
The Euro broke 1.30 last week and is now at 1.2865. A Greek leftist party will not join a coalition government and it is likely that another vote will have to pass some time in June.
Comments »Wharton’s Siegel: Europe Will Have to Devalue Euro to Save It
“Crisis-ridden Europe will have to weaken the euro against the dollar in order to save the economy, says Wharton finance professor Jeremy Siegel.
The European Central Bank has flooded the economy with liquidity to keep financial systems afloat and stave off the debt crisis.
Measures have included making low-cost loans available to banks so they’ll lend to even stepping in directly and injecting banks with liquidity, a tool known as quantitative easing
Devaluing the euro would help even more, as it would make servicing debts easier and exports more competitive outside of the continent and fuel more growth in hard-hit countries like Greece, Siegel says.”
Comments »The Aussie Dollar Finds Some Upside as Unemployment Drops Below 5%
The Euro and the Aussie Dollar Fall on Risk Off Trading
“The euro weakened for an eighth day against the dollar as Greek politicians struggled to form a new government, fueling concern the nation will leave Europe’s currency union.
The 17-nation euro extended its run of losses to the longest since September 2008 as Spain’s 10-year bond yields climbed back above 6 percent. The pound fell for a second day against the dollar as a report showed U.K. retail sales fell the most in more than a year. Australia’s dollar slid to within 0.6 percent of parity with the greenback after Prime Minister Julia Gillard said a planned budget surplus will allow the central bank to cut interest rates.”
Comments »The New Grecian Formula Resembles the Old; Euro Falls
Greek politicians made scrambled eggs of their new government. Amid the confusion European markets and the Euro are falling.
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