AUDUSD: Remains Weak And Vulnerable AUDUSD: With AUDUSD continuing to face downside pressure as it followed through lower during Tuesday session, risk remains to the downside on more weakness. On the downside, support lies at the 0.7400 level. A cut through here will turn attention to the 0...
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GOLD (XAUUSD) Dominant bias: Bearish Gold remains a bear market as price gradually breaks more and more support levels. In this kind of market, occasional rallies should be seen as opportunities to go short when price is high in the context of a downtrend...
JP Morgan provided the strategy and forecasts for EUR after 'No' vote estimating the target to the end of this year as 1.05 for EUR/USD. My view on this situation is the following: EURUSD may drop to 1.0461 by the end of this year (as we see from the chart below): By the way - this 1...
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Unemployment falls to lowest level in 7 years The weather is warming up in America and so is the economy. U.S. unemployment fell to 5.3%, its lowest level since April 2008, according to the latest government data released Thursday...
Current trend The pair EUR/USD remains under the pressure as worries regarding Greek exit from the Eurozone grow. Today, an emergency EU leaders’ summit is held, where Greece is going to put ahead their proposals to get the financial aid. Country’s default possibility becomes stronger...
European stocks edged lower Tuesday, with investors awaiting the outcome of an impromptu summit of eurozone leaders at which Greece will once again face its European creditors. The Stoxx Europe 600 SXXP, +0.00% erased an earlier loss and fell less than a point to 378.53. Germany’s DAX 30 DAX, -0...
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Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, July 7th EUR/USD opened today’s trade at 1.1055 in Asia as Greece received hard news from IMF about Fund’s inability to provide the country with any additional funding...
Hedge funds, which proved to be experts on getting the Treasury market wrong earlier this year, are becoming better at getting it right...
Greek Prime Minister Alexis Tsipras is counting on a change of style, if not necessarily substance, by turning to a longtime ally to seek a deal with creditors to keep his nation in the euro...
USD: Neutral "We see scope for USD to remain supported against most currencies in G10. Data over the past week has been strong, most notably consumer confidence. At the same time, the market has pushed back the timing of the first Fed hike due to uncertainty in Greece...
Greek Prime Minister Alexis Tsipras heads into meetings with creditors with a fresh democratic mandate from the people of Greece. The stakes are high and the nation's problems vast...
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Greek Prime Minister Alexis Tsipras was given hours to come up with a plan to keep his country in the euro and stave off economic disaster as citizens suffer under a second week of capital controls...
Yesterday was a rather uneventful day considering the fireworks that were supposed to happen after Greece's historic NO vote. The euro pretty much shrugged it off. Stocks bounced off the lows. The only markets that really got whacked were crude oil and copper. For me, it was a lot of watching...
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