Archive for the ‘Market Analysis’ Category
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.
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
EUR/USD fell up to 1.4356. EUR is affected by the situation in Greece. ECB President has confirmed today that Europe had been experiencing some issues with the debts.
market eurusd mulai ada penekanan naik ke harga tertinggi yang kemarin, dan terdapat break horisontal resistance melalui fibo di daerah 1.458. Dan akan banyak buy stop yang menunggu di atas harga 1.45 (AXE).
MARKET OPION : BUY STOP EURUSD @1.4515 TP:1.4582 SL: 1.4440