The hegemonic currency bounced off a 7-month low struck earlier on the day at 1.3496, climbing almost 200 pips within the last hours to set a fresh day's high at 1.3693 as risk aversion eased and US stocks turned flat short after the Wall Street opening.
However, the recovery stalled just shy of the 1.3700 mark and the subsequent dip sent EUR/USD to the 1.3650 zone where it is currently trading, 0.48% above its Monday's opening price.
"Corrective bounce exceeded initial resistance at 1.3625 zone, but stalled on approach at 1.3700/25 resistance zone, with break below 1.3600, 20 day MA, to open way towards 1.3500", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Wider picture remains bearish and loss of 1.3500 handle to expose 1.3427 next". .
Germany may be getting ready to give up on Greece, as measures in the credit markets signal growing concern about the smaller nations ability to repay investors.
Yields on Greek two-year notes rose 1.93 percentage points to 57 percent on Sept. 9, according to data compiled by Bloomberg. Credit-default swaps to insure the countrys five- year bonds and to speculate on government securities jumped 475 basis points to a record 3,500 basis points, according to CMA. The contracts are the highest in the world and more than three times the 1,134 basis points on Portugals debt.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
Nasdaq100 Update
Since entering Nasdaq100 Longs on Monday at 18550, we kept accumulating and locking gains until 19230 yesterday and 19380 today.
View Hot-Chart..
heres good etf
all the banksters in it , commerzbank , paribas , santander
im gonna short this mfukr
1,40 euro is too expensive , take a look at the banks in europe , they r tanking
http://www.telegraph.co.uk/technology/technology-video/8752205/Robots-first-conversation-descends-into-argument.html
However, the recovery stalled just shy of the 1.3700 mark and the subsequent dip sent EUR/USD to the 1.3650 zone where it is currently trading, 0.48% above its Monday's opening price.
"Corrective bounce exceeded initial resistance at 1.3625 zone, but stalled on approach at 1.3700/25 resistance zone, with break below 1.3600, 20 day MA, to open way towards 1.3500", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Wider picture remains bearish and loss of 1.3500 handle to expose 1.3427 next".
.
Yields on Greek two-year notes rose 1.93 percentage points to 57 percent on Sept. 9, according to data compiled by Bloomberg. Credit-default swaps to insure the countrys five- year bonds and to speculate on government securities jumped 475 basis points to a record 3,500 basis points, according to CMA. The contracts are the highest in the world and more than three times the 1,134 basis points on Portugals debt.
this is funny