Euro/Pound (EUR/GBP) About To Rebound?

January 2 2012 by Milla Schmidt in Forex Tips |No Comments

Most of the time the pairs that I look at are US dollar-related as they give both an indication of general risk themes in the market and the specific strength or weakness in a currency.  However today I am looking at EUR/GBP as the chart looks too juicy to pass up.

As we can see from this chart, the overall trend for the Euro vs. the Pound is lower as the debt crisis in Europe has sent money flows seeking the relative safety of the Pound.  The economic data has been coming in better than expected in the UK and the Euro debt crisis has sucked the life out of the Euro.

But for how much longer will this continue?  

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FOREX: Euro Selling May Return on Germany, Portugal Bond Auctions

January 1 2012 by Aidan Creal in Forex Release |No Comments

The US Dollar (ticker: USDollar) recovered against most of its leading counterparts in overnight trade as currency markets digested yesterday’s selloff that saw the greenback slide 0.9 percent against the majors, marking the largest daily drop in two weeks. The Australian Dollar underperformed, down as much as 0.5 percent against its US namesake. The likewise sentiment-linkedCanadian and New Zealand Dollars were not far behind, down as much as 0.4 percent apiece.

Looking ahead, the spotlight turns to a pair of bond auctions in Germany and Portugal. Berlin will sell €10 billion in 10-year paper while Lisbon will offer €1 billion in 105-day bills. Trade

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Daily Forecast for Crosses: December 15

December 17 2011 by Aidan Creal in Forex Release |No Comments | Tags: Forecast, Forecast Crosses

EURJPY Forecast The EURJPY was indecisive yesterday made a Doji on daily chart. The bias remains bearish in nearest term testing 100.74 support area. A clear break and daily close below that area could trigger further bearish scenario testing 100.00 psychological support. Immediate resistance is seen around 101.81 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 102.48 the overall intraday bias should remain strongly to the downside and I still prefer a bearish intraday scenario at this phase with sell on rallies strategy.

GBPJPY  Forecast The GBPJPY was indecisive yesterday. Ho

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Kathy is Getting Married – Returning Jan 9th

December 10 2011 by Spencer McKay in Forex Online |No Comments | Tags: Getting Married, Married

First I want to apologize for being MIA for the past few weeks. Didn’t realize wedding planning would be so tough! But – all is finally done and I am happy to say that I will be getting married on Dec 12th and will then be off for a nice long honeymoon. I will back in the office on Jan 9th and one of my New Year resolutions will be to blog more! I promise!!! In the meantime, I want to wish all of you a wonderful holiday and a happy New Year. See you in 2012!

US Market Update: Dow +159 S&P +17 NASDAQ +35

December 9 2011 by Aidan Creal in Forex Release |No Comments

***Economic data***
– (CA) Canada Q3 Labor Productivity Q/Q: +0.4% v -0.3%e
– (CA) Canada Oct Int’l Merchandise Trade: -C$0.9B v +C$0.7Be
– (US) Oct Trade Balance -$43.5B v -$44.0Be
– (MX) Mexico Oct Final Trade Balance: -$466M v -$466Mprelim
– (US) Dec Preliminary University of Michigan Confidence: 67.7 v 65.8e

– European indices are heading higher late in the euro session, helping start US trading off on a positive note. Leading US indices are up about 1% a piece. The EU leaders summit has unwound more or less as expected, with the 17 euro zone nations and nine of the ten non-euro zone nations agreeing to deep fiscal integration via a new treaty (rather than some sort of inter-governmental agreement). Read more…

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