Posts Tagged ‘personal finance’

Euro finds support as Greek debt talks continue

Tuesday, January 31st, 2012

Mike Paterson’s daily Forex brief

Not a whole bunch of news to report really, just more of the same. EU leaders continue to try and get a deal sorted on Greek debt with various statements, some conflicting, but nothing finalized as yet. (more…)

Euro up and down like the proverbial on Greek rescue turmoil

Monday, January 30th, 2012

Mike Paterson’s daily Forex brief

We had the usually nutty Friday fare with the Euro finding support from reports that the Greek government and the IIF were close to a new debt-swap deal agreement. Later on in thin NY trading we saw EURUSD breach a big resistance level at (more…)

It’s time to press the pause button as the Euro gives up a few gains

Friday, January 27th, 2012

Mike Paterson’s daily Forex brief

It would appear the immediate euphoria for the Euro, after the Fed’s easing message on Wednesday, is starting to wane already but it’s all still in the balance for sure. (more…)

USD falls after Fed’s surprising tone signals further QE

Thursday, January 26th, 2012

Mike Paterson’s daily Forex brief

Last night I reported the US Fed’s surprise move to signal a far more accommodative stance on monetary policy and stating that interest rates would remain low well into 2014 (more…)

The Euro battle continues as fears increase for BOJ intervention

Wednesday, January 25th, 2012

Mike Paterson’s daily Forex brief

We’ve seen some wild swings in the past 24 hours due to large order flows on the Euro and an increased perception that the Bank of Japan is lining up to intervene and weaken the Yen. (more…)

Euro bears continue to get squeezed

Tuesday, January 24th, 2012

Mike Paterson’s daily Forex brief

It’s been another bumpy ride but it seems the Euro bears keep getting squeezed, and whilst there’s plenty of sell interest in the rally and concerns over whether Greece can get its debt haircut, (more…)

Good two-way business again to start the week

Monday, January 23rd, 2012

Happy New Year to all our Chinese readers and those of you like to party regardless of nationality! (more…)

Euro continues to improve but jury definitely still out

Friday, January 20th, 2012

Mike Paterson’s daily Forex brief

We’ve seen further gains by the Euro as decent auction results, Greece debt re-scheduling back on track, upbeat comments by ECB President Draghi on LTRO and decent US data have all helped to squeeze traders out of more of their short-Euro positions. (more…)

Euro finds a few buyers in whippy markets

Thursday, January 19th, 2012

Mike Paterson’s daily Forex brief

Seems like the markets are liking a little more risk at the moment and we’ve seen EURUSD finally stay up above 1.2830 after an extremely whippy day yesterday, while equities are also a little firmer this morning. (more…)

Good two-way business as traders try to guess next Euro move

Wednesday, January 18th, 2012

Mike Paterson’s daily Forex brief

We’ve seen some good two-way business in tight ranges in the past 24 hours as the key support and resistance levels hold firm for the Euro ahead of the next decent move. (more…)

Euro finds some respite after positive China GDP data

Tuesday, January 17th, 2012

Mike Paterson’s daily Forex brief

After a relatively quiet day exacerbated by the US holiday we kicked back into action last night with better than expected Q4 GDP data from China. (more…)

Euro gets drilled as S&P finally announces downgrade of France and others

Monday, January 16th, 2012

Mike Paterson’s daily Forex brief

No sooner was my ink dry on Friday than we started to see a sell-off in the Euro as rumours of an imminent French downgrade persisted and lack of firm denials added to the inevitability. (more…)