EUR
ECB cash glut may not free up euro zone lending
…cash is mostly restricted to a select group of highly-rated banks in the heart of Europe, such as Germany’s Deutsche, Rabobank of the Netherlands and national champions in southern states, such as Spain’s Banco Santander, traders say. Weaker banks, often exposed…
Video: Money In Motion: Euro Stuck in a Range?
Action in the euro has been muted, despite the headlines on Greece’s bailout. Insight on why the euro hasn’t reacted more strongly to the news out of Greece, with Andrew Busch, BMO Capital Markets. Related Links: Business & financial news headlines from
A Boring Few Days for the EUR/USD
…re-positioning. Like us on Facebook The correction was continued in early US trading. EUR/USD dropped to the 1.32 area early in US trading. There was no important macro news from the US and EUR/USD hovered up and down in the mid 1.32 area
FOREX-Yen slips to 7-mth low vs dlr; euro zone outlook bleak
…in the strength of the yen,” said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey. “Japanese life insurers have been removing their hedges since last week and that is putting pressure on the yen,” he said. “The Bank of Japan’s…
Forex – Euro hits 3-month high against broadly weaker yen
…uncertainty over whether Greece can follow through with fiscal reforms after euro zone finance ministers signed off on a EUR130 billion rescue package on Tuesday. Earlier in the day, preliminary data showed that manufacturing activity in the euro zone improved…
Euro Defensive, USD Maneuvering
…common currency is in defense mode, surprisingly holding well so far. After the Euro zone manufacturing and services sectors data showed unexpected contractions this month. The data are mainly watched as an indicator for the coming GDP figures, where another…
Enel Said to Sign 3.2 Billion-Euro Term Loan After 50% Increase
…SA signed a 3.2 billion-euro ($4.2 billion) loan to refinance debt, exceeding the Italian power company’s original target by more than 1 billion euros, according to a person familiar with the transaction. The self-arranged, five-year term loan was provided…
Yen Continues to Extend Declines; Sterling Pressured by Dovish Minutes
By Joel Kruger, Technical Strategist for DailyFX.com Greece agreement out of the way but saga still ongoing UK Telegraph highlights some of the risks ahead Yen emerging as the major story amidst Eurozone mess USD/JPY breaks back above 80.00 for first time in 6 months Daily RSI at highest level in over 10 years BOE [...]
EURO GOVT-Weak data, Greece push nervy investors to buy Bunds
* Investors wary of peripheral risks, rally stalls LONDON, Feb 22 (Reuters) – Safe-haven German Bund futures rose on Wednesday as an unexpected contraction in the euro zone service sector added to concerns about the struggle Greece faces to implement bud
EUR/GBP Pushes Above Key Resistance of 0.84 and Opens 0.85
For the EUR/GBP, the 0.84 handle represents a key resistance for price action since mid Dec 2011. The 2/22 European market pushed the pair above this resistance, making new 2012 highs and breaking out of a consolidation pattern. The 4H chart shows the strength of the breakout candle and the momentum turning bullish in the short to medium term…
Euro-Area Manufacturing, Services Unexpectedly Contract: Economy
(For more on Europe’s debt crisis, see EXT4.) Feb. 22 (Bloomberg) — European services and manufacturing output unexpectedly shrank in February as the euro-area economy struggled to rebound from a contraction in the fourth quarter. A euro-area composite
Euro-Area Manufacturing, Services Contract
An employee works on Bosch Cp4 diesel pumps as they move along the production line at the Robert Bosch GmbH headquarters in Stuttgart. An employee works on Bosch Cp4 diesel pumps as they move along the production line at the Robert Bosch GmbH headquarter
Euro zone industrial new orders jump more-than-expected
Forexpros â Industrial new orders in the euro zone rose significantly more-than-expected in December, rebounding from the previous monthâs drop, official data showed on Wednesday. In a report, Eurostat said that industrial new orders rose by a seasonally
Forex – EUR/GBP near two-month high after BoE minutes
Forexpros â The euro rose to a two-month high against the pound on Wednesday, after the minutes of the Bank of Englandâs most recent meeting showed that policymakers considered a larger increase of the bankâs asset purchase program this month. EUR/GBP hi
3bn euro in state assets to be sold
A 3 billion euro sell-off of state assets has been unveiled by the Government with parts of the ESB and Bord Gais energy divisions topping the privatisation list. Brendan Howlin, Minister for Public Expenditure and Reform, said that a third of the money
Shekel weakens against euro, flat against dollar
…published today, providing an indication of their economies, just two days after Eurozone finance ministers approved the 130 billion second Greek bailout. In Israel, traders are getting ready for next Monday’s interest rate decision for March by the Bank of…
GLOBAL MARKETS-Euro, shares edge higher on Europe recovery hopes
…on Tuesday, and it hit a 3-month high versus a broadly weaker yen. The Japanese currency has weakened to be above 80 yen to the dollar for the first time since July 2011 as rising oil prices and an easier monetary policy stance by the Bank of Japan hit demand….
German Bund Yield Touches Two-Week High Before Euro-Area Services Report
…a loss of 0.7 percent this year, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies. Italian bonds made a profit of 9.7 percent, the data show. To contact the editor responsible for this story: Daniel Tilles…
EUR/USD Performance Chart as at 12:00p.m. Singapore time, 22/2/2012
…the euro suffered a bit from a ‘buy the rumour, sell the fact’ mentality after European finance ministers ended months of negotiation by agreeing to provide Greece with an additional €130 billion in bailout funding. Markets had largely anticipated such an…
Euro Technical Major Currencies (2012-02-22)
Morning Report The market has formed a spinning top candlestick pattern over daily basis yesterday. It seems that pair has lost its upside steam started at 1.2975 zones while Stochastic is on its way to show some kind of weakness. We will depend on the a
