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Euro Forex Trading Forecast
July 20, 2010[Story ID: 5338]
How soon can euro hold on to $1.30?
The euro is looking to find support at the 1.30 level, but first it has to hold on to that level. Earlier today, the euro did break through the psychologically important mark, but it has since fallen back below 1.30 as economic worries set in.
Indeed, risk [...] -
Forex: EUR/CHF finds support at 1.3400
July 14, 2010[Story ID: 5122]
FXstreet.com (Barcelona) – Reaching its highest level since June 28 in the early hours of trading today, the EUR/CHF has since pared daily gains yet still finds firm support above 1.3400. Currently the pair treads lightly around that critical level, trading at 1.3407 at time of writing which is 0.12% lower from the [...] -
Oil prices below $77 per barrel
July 14, 2010[Story ID: 5101]
Even though the Euro and Pound have been strong against the dollar this week, oil prices have fallen below the $77 level in Wednesday morning electronic trading on the New York Mercantile Exchange.
One barrel of benchmark crude oil for August delivery is currently at $76.77, a 38 cent drop from Tuesday’ -
EUR/CHF consolidating at 1.4280 after SNB intervention
May 19, 2010[Story ID: 3608]
FXstreet.com (Barcelona) – The Euro was boosted sharply to 1.4300 level on Wednesday, after the SNB injected a huge capital stimulus into the market. The pair had been previously trading in stagnation phase through strong support at 1.4000 zone.
Wednesday’s rise pared most of the losses the single currency suffered last May 6, when [...] -
British Pound: 5 Reasons Why the Pound is Being Pounded
March 1, 2010[Story ID: 1095]
With mixed to slightly better than expected U.K. economic data, traders may be scratching their heads about why the British pound has collapsed more than 300 pips this morning. Here are a couple of reasonsBritish Pound: 5 Reasons Why the Pound is Being Pounded – Kathy Lien
1. Britain’s Prudential announced plans [...]