Euro News

EURUSD Fundamental & Technical Analysis (April 9, 2013)

09 Apr 2013 @ 01:05
The EURUSD had a week very bullish, which, provided many opportunities for traders to place buy orders in this pair though, we must be careful with this sudden “change of trend” because it could be a “false positive” . The EURUSD has started this week, moving in range and currently, is facing a resistance level […]

Accendo Markets Weekly Roundup, 5 Apr 2013 - BoJ surprise, NFP miss, QE fatigue, Equities retreat

05 Apr 2013 @ 16:53
It’s that time again and despite being a shortened week post-Easter it has been a busy one. Disappointing Manufacturing updates from Japan, China and the US while we were scoffing chocolate were offset on our return by slightly better figures from Europe which saw the week start on the front foot and the UK flagship […]

EURUSD Fundamental & Technical Analysis (April 4, 2013)

04 Apr 2013 @ 01:04
The EURUSD rose about 40 pips in yesterday’s session, touching a strong resistance on the way, that stopped their upward momentum. ¿Will the EURUSD go bullish or bearish for today’s session? The EURUSD found strong resistance at 1.2858, near the 200 day moving average. At that level, they formed a strong “congestion zone”, making a […]

Accendo Markets Weekly Roundup : Cyprus & bail-ins added to list; Uncertainty vs. risk appetite

28 Mar 2013 @ 16:45
And so we add Cyprus to the list of Eurozone sovereign debt crisis bailouts. We can also add bail-ins of bank deposits (haircuts on uninsured deposits >€100K) and total bank investor wipe-outs to the list of self-help measures imposed by those holding the bailout purse strings. Politicians can shout all they like about Cyprus (often with mixed messages) being a special case and not...

Cyprus Outlines “Unclear” Limits on Withdrawals

26 Mar 2013 @ 17:14
A day after the Cypriot government reached an agreement with the Eurogroup for the terms of the 10-billion euro bailout package, a new set of directives were given to bank managers today as citizens marched on the streets of Cyprus’ capital, Nicosia, in protest of the bailout terms. In a report presented by BBC’s Paul […]

Bitcoins: A New Currency on the Rise

26 Mar 2013 @ 07:46
Amidst a new financial crisis threatening the stability of the Eurozone, central banks trying to keep their currencies in check to boost their local economies, and governments tightening their grips to protect the integrity of the financial markets, one financial instrument in circulation around the world is on the rise and poised to become the […]

Cyprus Seals Deal To Prevent Financial Meltdown

25 Mar 2013 @ 10:50
After a week of uncertainty, Cyprus has finally reached a deal acceptable to both its parliament and its international creditors. The deal, formally announced earlier today, will spare deposits below 100,000 euros from any levy, in accordance with EU principles, but deposits above the said amount, however, will bear the burden of raising the 5.8 […]

European Stock Markets Rise After Cyprus Rejects Bailout Deal

20 Mar 2013 @ 12:06
European stock markets turned green today after the Cypriot Parliament rejected the bailout proposal that would have taxed deposits in the country late evening yesterday. This is the first time a member of the Eurozone on the verge of a collapse defied the troika as opposed to the unpopular stance made by previously bailed out […]

Cyprus Parliament Turns Down Bailout Package

19 Mar 2013 @ 18:23
The Cypriot Parliament has just voted against the bailout package presented over to the table by the Eurozone. Thirty six votes turned down the proposal with 19 members of the Parliament abstaining, defeating the rescue measure that would have levied a tax on deposits in the island-state of Cyprus. The abstained votes came from President Nicos […]

Cyprus Crisis: Between the Devil and the Deep Blue Sea

19 Mar 2013 @ 17:12
The whole world has set their eyes on the events unfolding in the tiny island state of Cyprus, whose Parliament is set to vote on whether to uphold or reject the bailout terms presented by 17-member Euro currency bloc. At the time I started my writing of this article, the Cypriot Parliament has just started […]
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