[Archive!] FOREX - Trends, Forecasts & Consequences (Episode 12: February 2012) - page 694
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So, yesterday the Greek parliament approved a law on the exchange of government bonds of the Republic belonging to the private sector. This measure will allow the government to reduce the national debt by 107 billion euros. We also learned that business confidence in Germany rose to a 7-month high in February, exceeding analysts' expectations. The business climate index from the Ifo Institute rose to 109.6 against 108.3. Apparently, successful negotiations of the European authorities have convinced investors that there is nothing to be afraid of now.
so we will soon be jumping north again today and everyone is in a happy mood about the eur.
Hello all. When talking about the weakness of the Euro, I think everyone forgets one thing - oil prices, and they hit new highs yesterday when trading on the Euro. Can industry and transport in the euro zone work and develop under such conditions and a weak euro - the answer is no. Despite the currency wars, is anyone interested in seriously damaging the euro now - I think not. Whether a moderately weak US dollar is beneficial - I think so. Hence the conclusion - keep an eye on oil prices.
The mobile is still hoping for 1.26 in February.
that's a good place to crash =)
Mobile, are you still hoping for 1.26 in February?
Progress on the "Greek issue" coupled with positive economic data provided support for European currencies, although the pound failed to recover all of its earlier losses. EUR/USD broke through resistance at 1.3260 and reached a daily high at 1.3342. GBP/USD recovered from 1.5650 support to 1.5720 area.
So, yesterday the Greek parliament approved a law on the exchange of government bonds of the Republic belonging to the private sector. This measure will allow the government to reduce the national debt by 107 billion euros. We also learned that business confidence in Germany rose to a 7-month high in February, exceeding analysts' expectations. The business climate index from the Ifo Institute rose to 109.6 against 108.3. It seems that successful negotiations of the European authorities have finally convinced investors that there is nothing to be afraid of.
so we'll probably go north again today, everyone's feeling very positive about the eu.
Progress on the "Greek issue," coupled with positive economic data has provided support for European currencies, although the pound has failed to recover all of its earlier losses. EUR/USD broke through the resistance at 1.3260 and reached the daily high at 1.3342. GBP/USD recovered from 1.5650 support to 1.5720 area.
So, yesterday the Greek parliament approved a law on the exchange of government bonds of the Republic belonging to the private sector. This measure will allow the government to reduce the national debt by 107 billion euros. We also learned that business confidence in Germany rose to a 7-month high in February, exceeding analysts' expectations. The business climate index from the Ifo Institute rose to 109.6 against 108.3. It seems that successful negotiations of the European authorities have finally convinced investors that there is nothing to be afraid of.
so we'll probably go north again today and everyone's feeling pretty positive about the eu.
This forecast is more than 24 hours old and the European Commission has not yet changed the outlook on the European economy from positive to negative
The Greek question - only the Parliament has approved it, now it's up to the private investors. If only 2/3 of them will support it, then the rest of them will be obliged to do the exchange. And this event is scheduled for today....
so the southern correction is not far off:)
sell on the fact! (Rumour has it that they will give Greece a bailout, the facts will sell out - but this is a classic)
which are convenient to crash under =)
Mobile, are you still hoping for 1.26 in February?
I'm fed up with your bombs, there is no reason to bombs, Iran is not bombing Paris yet )))))
On Friday, 24 February, a small stream of statistical data is expected.
At 11:00 MSK, Germany will publish its final GDP data for the fourth quarter. We recall that, according to preliminary estimates, the country's economy contracted by 0.2% qoq in the last three months of last year.
At 13:30 MSK, revised UK GDP data for the previous quarter will be published. Preliminary data showed a 0.2% q/q decline in GDP.
At 18:55 MSK, the U.S. will release final data on the University of Michigan Consumer Confidence Index for February. According to analysts' estimates, the preliminary data will be revised from 72.5 points to 74.5 points and if the forecasts come true, it could have a positive impact on the dollar.
when the americans come out, maybe the eu will go down a bit.