ForexPros Daily Analysis June 30, 2011 Cable and Euro at major Resistance lines US dollar traded lower against the euro and pound in recent days, lost more value against the euro as Eur/Gbp seems to be in...
Greek parliament approves of the austerity measures.
Risk appetite has emerged as the austerity measures seem well on the way to clearing their hurdles via passage in the Greek government. Investors have seemingly bought into the short term optimism.
Wall Street closed in green territory as Greece approved debt-reduction measures. The market has been rallying, in theory at least, on Greece getting financial aid and trying to work its way out of the debt rash that...
With the parliament in Greece voting in favor of the austerity budget yesterday, most traders began to shift their portfolios to higher yielding assets in expectation of smoother sailing for the region, at least for a while.
Yesterday we said that we need to see the AUD/USD break above the red trend line – a line that formed the descending triangle in order to buy this pair. That is exactly what is has done...
The EUR/USD pair rose on Wednesday, but failed to move significantly over the 1.44 area. The pair is approaching the 1.45 area, and one has to wonder whether or not it will find the steam in order...
The GBP/USD pair rose as traders took on more risk after the Greek parliament voted to accept austerity measures. The pair is a barometer for risk, and this reaction isn’t necessarily surprising. The biggest issue this pair...
The USD/CAD market fell hard on Wednesday as the oil markets caught a bid. This is with the overall trend, and why we haven’t been recommending the buying of this pair. The area it has traded to...
The USD/CHF pair traded in a fairly tight range on Wednesday as the market grappled with the Greek austerity vote. The Franc lost some strength overall in the marketplace, but towards the end of the day it...
