EUR/USD 200 Pips Decline, Profit from Breakout Signal
Forex Signals EUR/USD tested the resistance level of yesterday’s pivot point at 1.3242 before falling down to the S2 pivot point for a 200 pips’ decline, hitting the low at 1.3009. The breakout pattern at the 15-minute forex chart was the signal that triggered ...
German bond flop rattles the markets
Forex News A mixed reaction hit the markets on Wednesday as news that the underlying negative sentiment for almost everything European finally began to creep upon the largest economy in the region. Germany, who had seen a dismal uptake of under two thirds of its ...
Spain and Italy look towards the bail-out fund
Europe The euro gained steadily on Friday as markets corrected on reflection of the US dollars overbought status. The safe-haven currency has been widely in demand this week as bond yields of several European countries remain high and, specifically, the Italian ...
The non-political and the Euro
Forex News The Euro had a confusing day today as the positive news that technocrat Mario Monti would lead the new Italian government was tempered by the surprise announcement that he too would be the new finance minister. Markets are generally fearful of anything ...
Markets nervous as Spain and Italy bond yields rise
Government Bonds The Euro was trading heavily today as both Spanish and Italian sovereign debt forced it to lose the gains that it had made during the Asian market. Traders were particularly concerned about the rising bond yields of both countries which, have been exposed ...
Euro sinks despite Berlusconi departure
Forex Charts Even after today’s announcement of Silvio Berlusconi’s resignation, Euro markets moved considerable lower. This indicates that the market is still highly cautious of Europe’s precarious position and risk aversion still exists on a large scale. ...
Wedges
Forex Signals Despite the news that Berlusconi may survive after today’s vote of support the Euro held reasonably steady. The vote, which he won albeit by losing a large margin of power, was less of a referendum on the single currency but more of refection of the ...
Italy next to face the bond yield crisis
Europe The Euro project was supposed to be the most progressive and unified monetary venture ever created, spreading wealth and allowing the exchange of goods across a prosperous and strong economic region. Today’s Euro project , however, looks increasingly ...
The return of the Drachma?
Europe Greece is in the process of making a U-turn on it’s democratic, but somewhat predictable, decision to hold a referendum on its bailout options. Predictable not in the sense that it was something which was bound to happen in the cradle of democracy that ...
Decline and fall
Forex News One of the principle reasons why many traders refuse to get involved with the Japanese yen is because of situations such as today’s, where intervention by the Ministry of Finance manipulated the value and sent it spiralling in early Monday trading. ...
