The Eurozone members agreed on a package which provides loans for Greece in meeting its debt obligations, in case it is unable to raise funds from international bond markets. Loans, with no actual amount specified while press suggested it to be 22B euro, in the package will be made by…
comments off admin | Uncategorized |
The harmonised EMU unemployment rate has been rising since April 2008, by a total of 2.7 percentage points to 9.9% so far. The regional differences are striking: while the German rate is at the same level as in March 2008, the Spanish rate has jumped by 9.4 percentage points since…
comments off admin | Uncategorized |
The three most traded currencies, dollar, euro and yen dominated the markets last week with dollar boosted higher by substantial weakness of the other two. Euro was shot down by uncertainty of the Greece situation and dived to 10 month low against dollar and record low against Swissy and Aussie….
comments off admin | Uncategorized |
EUR/USD dived to as low as 1.3266 last week before recovering. With 4 hours MACD staying above signal line, initial bias is neutral this week and some sideway trading might be seen. Nevertheless, upside should be limited by 1.3570 resistance and bring fall resumption. The strong break of 1.3443 support…
comments off admin | Uncategorized |
USD/JPY surged to as high as 92.94 last week and the strong break of 92.14 resistance confirms that consolidation from 93.74 has completed with three waves down to 88.13 and whole rally from 84.81 is resuming. USD/JPY lost some momentum after hitting 100% projection of 88.13 to 91.08 from 89.83…
comments off admin | Uncategorized |
GBP/USD dropped to as low as 1.4798 last week but lost momentum ahead of 1.4783 low and turned sideway. Initial bias is neutral this week and some consolidations might be seen. But upside should be limited by 1.5000 minor resistance and bring fall resumption. Break of 1.4783 low will confirm…
comments off admin | Uncategorized |
USD/CHF’s rebound from 1.0506 extended further to as high as 1.0750 last week but lost steam since then and retreated sharply. Initial bias remains neutral this week and some more consolidations could be seen below 1.0750 first. Nevertheless, we’d expect downside to be contained well above 1.0546 support and bring…
comments off admin | Uncategorized |
AUD/USD’s fall from 0.9250 extended further to as low as 0.9007 last week and the sustained break of the near term rising trend line argues that whole rise from 0.9577 is completed. Initial bias remains on the downside this week for 0.8802 support first. Break will confirm this case and…
comments off admin | Uncategorized |