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Euro News

Weekly currency roundup – A week of volatility for commodity currencies as Fed confusion sparked uncertainty

14 Jun 2013 @ 11:15
Pound Sterling At the start of the week the Pound weakened against the Euro and US Dollar due to a selloff of the currency and as speculation mounts that the US Federal Reserve will soon announce a slowdown of monetary stimulus.  The uncertainty over the Fed’s next move regarding its easing policies was the main […]
 

Is the Market Driving You Nuts?

13 Jun 2013 @ 13:55
Is the market driving you nuts?  Don’t feel bad.  You’re (probably) normal.  It’s the market that’s insane.  It’s days like today that it is especially fun to be writing around midday.  There’s so much frenzy, it’s like watching the rear end of a rat race. If you are still in a tither from last night’s news […]
 

“Eurozone to Contract Even Further” – World Bank

13 Jun 2013 @ 11:37
Stock markets in Europe entered the red territory in Thursday trading in response to the latest revision of the World Bank of the outlook in the 17-member single currency union of the Eurozone and of the global economy. Releasing its Global Economics Prospects, the World Bank said the Eurozone will contract even further – from […]
 

Has A.G. Barr/Britvic Merger Lost Its Fizz?

11 Jun 2013 @ 11:45
A strange thing happened on the way to the London Stock Exchange this morning.  Beverage baron A.G. Barr (LSE:BAG) announced that the UK Competition Commission had completed its review of Barr’s proposed merger with its rival Britvic (LSE:BVIC).  The commission has made a provisional decision that the merger would not have any significant effect that […]
 

Weekly Currency Roundup - A week of declines for the Aussie and US Dollars

07 Jun 2013 @ 16:25
Pound Sterling This week has been one of gains and upward momentum for Sterling. On Monday the Pound made gains against the US Dollar and edged upwards against the Euro after May’s manufacturing PMI data rose to 51.3 from the 49.8 recorded in April. A figure above 50 signals expansion. Construction data also boosted the Pound […]
 

EURUSD Technical Analysis for June 07, 2013

07 Jun 2013 @ 06:00
The EURUSD has a strong bullish trend and now, this pair will seek to break new resistances. EURUSD is forming a lower high pattern below the resistance level of 1.3309. If this pair manages to break this resistance, it is expected to rise to the level of 1.3363. The general outlook for this pair is […]
 

All Eyes Are on U.S. Jobs Report

06 Jun 2013 @ 14:57
Now that we all know that the European Central Bank and the Bank of England have made no changes to their economic policies that might significantly evoke dramatic investor and consumer responses, all eyes are fixed on the U.S. jobs report that is due to be published tomorrow. The tension and apprehension are so thick […]
 

IMF Admits Misgivings on Greece Bailout

06 Jun 2013 @ 12:45
No less than the International Monetary Fund (IMF) itself admitted it had misgivings in the handling of the Greece bailout. In a 50-page report prepared by an inter-department staff team at IMF, the Fund admitted it bent its own rules to accommodate a bailout of Greece in 2010 for fear that not doing otherwise would […]
 

Latvia To Join the Eurozone

05 Jun 2013 @ 18:26
Latvia, the small state facing the Baltic Sea, is set to be bid farewell to its national currency to become the 18th state to join the single currency market, the Eurozone. The European Commission, in a report released earlier today, stated that Latvia “has achieved a high degree of sustainable economic convergence” with the Eurozone, […]
 

EURUSD Technical Analysis for June 04, 2013

04 Jun 2013 @ 05:51
In the yesterday session, the EURUSD was very bullish, approaching to the SMA 200 and strengthening its overall bullish trend. EURUSD is forming a lower high pattern, the resistance below the level of 1.3070. If the EURUSD manages to break this resistance, it is expected to rise to the level of 1.3130. Recall that near […]
 
 
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