From TorFX daily insight, 4 months ago Similar articles
by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound maintained a strong finish to the year against the Euro, rising through major resistance at 1.20 and recording a fresh 11-month high before consolidating below the level by the close of trading. The UK currency also pushed to a high above 1.5750 against the U.S Dollar, equaling the highs of this month. However, a rapid recovery in the Dollar saw the Pound retreat back below 1.57, as swings in risk sentiment continue to...
From K.I.S.S. Trading , yesterday, Similar articles
Der Euro befindet sich aus markttechnischer Sicht und auf Basis des Tages-Charts in einem Abwärtstrend, dessen jüngste Bewegungsphase, nahe des bisher tiefsten ?Punkt 2? zu einer Korrektur ansetzt. Mit dem Tagestief vom Freitag, verfehlte der Kurs mit lediglich 16 Pips nur knapp das bisherige Trendtief vom 16. Januar bei 1,2626 USD, um sich im weiteren Verlauf deutlich zu erholen und per Tagesschlusskurs dann einen markanten Umkehrstab zu hinterlassen. Damit endete dann auch ein...
From Top Forex News, 2 days ago, Similar articles
The euro reached the lowest level in four months against the US dollar and the lowest in three months versus the Japanese yen today on fears that the European crisis is escalating. The currency was higher on the day though.(...)Read the rest of Euro Drops to 4-Month Low, Closes Above Opening Level (137 words) Posted on Forex News.
From Top Forex News, 2 days ago, Similar articles
UK pound is being helped on two fronts today. General risk appetite, with the focus on the Facebook IPO, is helping the sterling against the US dollar. On the other hand, pound is higher against the euro, as concerns about what’s happening in the eurozone make the pound a preferred choice as a European safe haven currency. (...)Read the rest of Risk Appetite, Better Situation Help UK Pound (127 words) Posted...
From TorFX daily insight, 2 days ago, Similar articles
If Greece leaves, the threat of contagion among the other southern Euro states could break the 17-nation bloc. The Eurozone debt crisis is an ongoing phenomenon that has threatened to tear apart the 17-nation currency bloc. Characterised by colossal debt piles, rocketing bond yields, anaemic economic growth, frayed investor confidence, dangerous trade deficits, unsustainable borrowing, nauseous unemployment, political upheaval and civil unrest the sovereign debt crisis has hit Europe like an...
From TorFX daily insight, 2 days ago, Similar articles
The Euro plunged to a fresh four-month low against the U.S Dollar, extending declines to a third straight week, amid concern that the sovereign debt crisis is worsening Sterling / Euro and US Dollar exchange rates The Pound declined against the Euro yesterday, falling back towards 1.2450, while the UK currency slumped towards a new low under 1.58 versus the U.S Dollar, as global risk appetite weakened on the threat of contagion in the Euro-zone. The single currency fell to a new four month...
From Planet Money, 3 days ago, Similar articles
by Lam Thuy Vo Earlier this year, we wrote about Kings County Beef Jerky, an artisanal jerky company in Brooklyn (of course). Sure, it's easy to mock artisanal jerky companies. The jokes basically write themselves. But the company may represent the future of U.S. manufacturing. We wrote: ...
From Top Forex News, 3 days ago, Similar articles
Eurozone bank worries are sending the euro lower today, along with rises to funding costs. Uncertainties about what’s next for Greece and for the eurozone remains, and that is weighing on the euro in Forex trading right now. (...)Read the rest of Eurozone Bank Worries Send Euro Lower (152 words) Posted on Forex News.
From Top Forex News, 3 days ago, Similar articles
The New Zealand dollar erased its earlier gains today as the potential Greece’s exit from the eurozone continued to spoil mood of Forex market participants. The currency traded near the lowest level this year.(...)Read the rest of NZ Dollar Near This Year’s Low (92 words) Posted on Forex News.
From TorFX daily insight, 3 days ago, Similar articles
The Pound remained largely unchanged against the Euro Sterling / Euro and US Dollar exchange rates The Pound remained largely unchanged against the Euro yesterday, hovering around the 1.25 level for the majority of the day. The UK currency declined significantly versus the U.S Dollar, falling below 1.59, as risk sentiment weakened in line with escalating concerns surrounding Greece and the Euro-zone debt crisis as a whole. In the UK, the latest unemployment data was stronger-than-expected...
From Market Pulse FX, 4 days ago, Similar articles
Grexit has not occurred yet, but contagion is surely here, just look at the unsustainable debt financing levels in Spain. The EUR squeeze continues, albeit painfully slow. When Capital markets eventually go for the Greek kill, euro policy makers will not have had the time to put in place a structure that allows Greece to leave in an orderly fashion. The potential exit of Greece from the Euro system over the next few months could have some catastrophic consequences. The stresses and strains...