Euro News

Earlier today, the International Monetary Fund released its semi-annual World Economic Outlook, subtitled “Hopes, Realities, Risks.” From a 30,000 foot view, the IMF thinks that the world economy is beginning to recovery from a slow 2012 although risks to the economy are still being considered high “in the medium term.”  The report cited two major […]

The EURUSD had a bearish week start, which, indicates that this pair has a desire to want to continue the long-term trend: bearish. The EURUSD is approaching to the psychological support level of 1.30, a significant level at which many traders, they decide to buy or sell, in large quantities. Currently, the EURUSD is below […]

The EURUSD has been moving in sideways, like other pairs who are waiting to define their trends for the coming days. The EURUSD has met with the strong resistance at the level of 1.3085, which coincides with the 200 day moving average, that is currently doing dynamic resistance on this pair. In yesterday’s session, there […]

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 […]

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 […]

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 […]

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...

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 […]

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 […]

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 […]