SUBSCRIBE TO FEED'Zone' Tag
-
Germany Softens its Stance on Sanctions for Countries with Sovereign Debt
October 18, 2010Euro zone debt concerns continue to mount with Belgium Germany has been advocating tougher, practically automatic, penalties for euro zone countries with large amounts of sovereign debt. However, concerns about the situation have many in the euro zone worried about what could happen if the currency zone’s largest economy gets its way. There is a [...]
-
Euro Gains the Upper Hand in Forex Trading
August 25, 2010Euro in currency trading After seeing a bit of a pullback on S&P’s downgrading of Ireland’s sovereign debt, the euro is seeing some gains in forex trading. The euro is up against the U.S. dollar in currency trading. One of the main helps to the euro has come from the better than expected German Ifo [...]
-
Forex: AUD/USD heading lower ahead of RBA Minutes
August 17, 2010FXstreet.com (Córdoba) – The Australian Dollar is being pressured ahead of Nikkei opening and has dropped around 40 pips within the last 3 hours. AUD/USD is at the moment testing support around the 20 SMA at 0.8945, 0.41% below its opening price. Later today, the RBA minutes of the last meeting will be release, and [...]
-
Forex: GBP/JPY bounces back to 134.70
July 15, 2010FXstreet.com (Córdoba) – The Pound is regaining some ground against the Japanese Yen. GBP/JPY started Thursday moving down and reached an intraday low at the 134.30 zone for second consecutive day. The pair bounced from the support zone and rose around 50 pips in the last couple of hours after news of Chinese economy cooling. [...]
-
Forex: AUD/USD struggling to hold above 0.8800
July 14, 2010FXstreet.com (Córdoba) – The pair has come under pressure at the beginning of the Asian session following the FOCM minutes, although AUD/USD is holding above the 0.8800 level. The pair has lost over 30 pips and is currently trading at the 0.8810 zone, 0.42% below its opening price. “Strong support however, lays around 0.8780 area, [...]
-
Euro Weak, But Parity Probably Isnt in the Forex Trading Forecast
May 17, 2010Euro makes an attempt at gains early in the U.S. session The euro is weak in forex trading, dropping down solidly below the 1.25 level. An attempt at recovery is being made right now, with the euro gaining a little bit, but, overall, the euro remains relatively weak in forex trading against the U.S. dollar. [...]
-
Euro Sees Gains in Forex Trading
April 29, 2010Stability returns to the euro zone — for now The euro is seeing some gains in forex trading right now. Stability has returned to the euro zone, for the time being. In currency trading, the euro is getting some help from a slight return to risk appetite on the news that U.S. jobless claims are [...]
-
Europrean Monetary Union Breaks Up
April 1, 2010The end of the euro eminent Just as the euro was reaching record highs, thanks to the announcement that nearly 1/3 of China’s U.S. dollar currency reserves are counterfeit, another bombshell dropped. The European Monetary Union is breaking up. This comes as a huge shock to most investors and analysts, who were certain that the [...]
-
Euro Struggles in Forex Trading
March 24, 2010Euro selloff on the currency market The euro is struggling in forex trading right now, thanks to a number of developments in the European debt drama. Between Greece, and now Portugal, the euro zone has its work cut out for it. The initial selloff for the euro on the currency market came in response to [...]
-
Is The Euro Zone Quietly Planning to Rescue Greece?
January 29, 2010Euro down in forex trading on U.S. GDP Even though the European Central Bank has stated publicly that it is not planning to stage a dramatic rescue of Greece’s economy, quietly euro zone leaders are contemplating their options. Greece is not so unimportant that the euro zone is ready to lose the country. GFT’s Boris [...]
-
Confidence Improves in the Euro Zone
January 28, 2010Euro still struggling in forex trading Confidence is improving in the euro zone, according to the latest measures. This comes even though unemployment remains a problem in the region. However, it appears that members of the euro zone are becoming more confident in recovery, and that employment will eventually have to follow the rest of [...]