Archive for the ‘Forex’ Category
EUR/USD grew at the European session up to 1.4026. However, further it was corrected up to 1.3905.
Today, the European Commission approved the Greek plan to reduce the budget deficit.
EUR/USD rate is also affected by the decrease of GBP/USD rate as well as null index for retail sales in Europe.
GBP/USD after its increase up to 1.6066 fell up to 1.5917.
The traders are expecting the business activity indexes in the US, as well as changes in employment in the US.
EUR/USD grew at the European session up to 1.3917. The rate is adjusted after its fall last week. This night EUR/USD fell up to 1.3851, which is the minimum since July 8, 2009.
A member of the European Commission said that the Greek plans to reduce the budget deficit were ambitions, but achievable.
EUR is also supported by the growth of previous metals’ prices.
Traders are expecting the results of the meetings of European central banks, as well as the Mr. Walker from US President’s team speaking in the US Senate
EUR/USD fluctuates within 1.3941-1.4049. EUR price is under pressure as the result of troubles in some European countries with the debt funding. Traders are also waiting for the results of the US Senate voting to approve Ben Bernanke at the post of US FRS. The approval can be a positive factor for USD rate.
GBP/USD grew up to 1.6273 which is almost 140 pips more than today’s minimum. Traders note, that the BP buys British pounds to pay its dividends.
EUR/USD grew during the European session up to 1.4193. However, it further declined up to 1.4120. The correction was made after the stock markets opened.
Today, traders monitor the stock market indexes after their significant decline at American session on Friday. Today the major real estate indexes to be published in the US reflecting the economic recovery process.
Greek minister of finance said the country was not going to withdraw from the European zone. He also said that the country would not need external aid for solving its financial troubles.
EUR/USD drew during the European session up to 1.4163.
The positive impact to EUR rate was made by today’s positive economic indicators as well as IMF’s comments in regard to the situation in Greece. According to IMF, Greece is not seeking aid from the Fund.
These are great days to take a break from trading the forex.
Australia
Fri, Jan 1 2010 New Year’s Day
Tue, Jan 26 2010 Australia Day
Fri, Apr 2 2010 Good Friday
Mon, Apr 5 2010 Easter Monday
Mon, Apr 26 2010 ANZAC Day
Mon, Jun 14 2010 Queen’s Birthday
Mon, Aug 2 2010 August Bank Holiday
Mon, Oct 4 2010 Labour Day
Sat, Dec 25 2010 Christmas Day
Sun, Dec 26 2010 Boxing Day
Mon, Dec 27 2010 Boxing Day Observed
Canada
Fri, Jan 1 2010 New Year’s Day
Fri, Apr 2 2010 Good Friday
Mon, Apr 5 2010 Eastern Monday
Mon, May 24 2010 Victoria Day
Thu, Jul 1 2010 Canada Day
Mon, Sep 6 2010 Labour Day
Mon, Oct 11 2010 Thanksgiving Day
Thu, Nov 11 2010 Remembrance Day
Sat, Dec 25 2010 Christmas Day
Sun, Dec 26 2010 Boxing Day
France
Fri, Jan 1 2010 New Year’s Day
Mon, Apr 05 2010 Easter Monday
Sat, May 1 2010 Labour Day
Sat, May 8 2010 Victory Day (Fête de la Victorie)
Thu, May 13 2010 – Ascension Day (Ascension catholique).
Mon, May 24 2010 Whit Monday (Lundi de Pentecôte)
Wed, Jul 14 2010 National Day (Quatorce Juillet)
Mon, Nov 1 2010 All Saints’ Day
Thu, Nov 11 2010 Armistice Day
Sat, Dec 25 2010 Christmas Day
Germany
Fri, Jan 1 2010 New Year’s Day
Fri, Apr 2 2010 Good Friday
Mon, Apr 5 2010 Easter Monday
Fri, Apr 30 2010 Labor Day Observed
Sat, May 1 2010 Labour Day
Thu, May 13 2010 Ascension Day
Mon, May 24 2010 Whit Monday
Sun, Oct 3 2010 Day of German Unity
Fri, Dec 24 2010 Christmas Day’s Observed
Sat, Dec 25 2010 Christmas Day’s
Sun, Dec 26 2010 Boxing Day
Italy
Fri, Jan 1 2010 New Year’s Day
Wed, Jan 6 2010 Epiphany
Fri, Apr 2 2010 Good Friday
Mon, Apr 5 2010 Eastern Monday
Sun, Apr 25 2010 Liberation Day
Sat, May 1 2010 Labour Day
Wed, Jun 2 2010 Anniversary of the Republic
Sun, Aug 15 2010 Assumption Day
Mon, Nov 1 2010 All Saints’ Day
Wed, Dec 8 2010 Immaculate Conception
Sat, Dec 25 2010 Christmas Day
Sun, Dec 26 2010 St. Stephen’s Day
Fri, Dec 31 2010 New Year’s Eve
Japan
Fri, Jan 1 2010 New Year’s Day
Sat, Jan 2 2010 Bank Holiday
Sun, Jan 3 2010 Bank Holiday
Mon, Jan 11 2010 Coming-of-Age Day
Thu, Feb 11 2010 National Foundation Day
Sun, Mar 21 2010 Vernal Equinox Day
Mon, Mar 22 2010 Vernal Equinox Day Observed
Thu, Apr 29 2010 Showa Day
Mon, May 3 2010 Constitution Day
Tue, May 4 2010 Greenery Day
Wed, May 5 2010 Children’s Day
Mon, Jul 19 2010 Marine Day
Mon, Sep 20 2010 Respect-for-the-Aged Day
Thu, Sep 23 2010 Autumnal Equinox Day
Mon, Oct 11 2010 Health-Sports Day
Wed, Nov 3 2010 Culture Day
Tue, Nov 23 2010 Labor Thanksgiving Day
Thu, Dec 23 2010 The Emperor’s Birthday
Fri, Dec 31 2010 Bank Holiday
Switzerland
Fri, Jan 1 2010 New Year’s Day
Sat, Jan 2 2010 Bank Holiday
Fri, Apr 2 2010 Good Friday
Mon, Apr 5 2010 Easter Monday
Fri, May 1 2010 Labour Day
Thu, May 13 2010 Ascension Day
Mon, May 24 2010 Whit Monday
Fri, Dec 24 2010 National Holiday
Sat, Dec 25 2010 Christmas Day
Fri, Dec 31 2010 Non Working Day
United Kingdom
Fri, Jan 1 2010 New Year’s Day
Fri, Apr 02 2010 Good Friday
Mon, Apr 05 2010 Easter Monday
Mon, May 03 2010 Early May
Mon, May 31 2010 Spring Bank Holiday
Mon, Aug 30 2010 Summer Bank Holiday
Mon, Dec 27 2010 Christmas Day
Tue, Dec 28 2010 Boxing Day
United States
Fri, Jan 1 2010 New Year’s Day
Mon, Jan 18 2010 Martin L King’s Birthday
Mon, Feb 15 2010 President’s Day
Mon, May 31 2010 Memorial Day
Mon, Jul 05 2010 Independence Day
Mon, Sep 06 2010 Labor Day
Mon, Oct 11 2010 Columbus Day
Thu, Nov 11 2010 Veteran’s Day
Thu, Nov 25 2010 Thanksgiving Day
Sat, Dec 25 2010 Christmas Day
EUR/USD continued to fall and reached the level of 1.4130, which is its lowest since August 19, 2009.
It is affected by the prognosis of slower world economic recovery due to the Chinese government measures for restricting the monetary policy. There is some information that Chinese banks were ordered to stop crediting till the end of this month.
EUR also is pressured as the traders have concerns over Greek and Portuguese deficit.
At European session, EUR/USD fell up to 1.4262, which is its lowest since January 4. The price for EUR is affected by EUR/GBP cross-rate as well as weak indicators in Germany.
ZEW economic index in Germany for January is far worse than expected and reached its minimum since July 2009.
This week investors are looking forward to financial reports of major American companies for the forth quarter 2009. This information can affect the American stock markets and major currency