EUR
GLOBAL MARKETS-Stocks, euro slip as Europe concerns mount
…gains. JPMorgan’s shares fell 9.5 percent to $36.88. The KBW index of large U.S. financial service firms fell 1.0 percent.
UK bookmakers suspend betting on a Greek euro exit
…a flutter on Greece leaving the euro zone? It may already be too late. A surge in bets has forced Britain’s biggest bookmakers William Hill Plc and Ladbrokes Plc to suspend betting on the odds of Greece dropping out.
Euro falls on global economic fears
…The euro is falling against the dollar on fears about the global economy. The euro is falling against the dollar on fears about the global economy. U.S. stock futures are heading lower led by the financial sector in the wake of huge losses at J.P.
Risk of contagion if Greece exits euro: WestLB
…and 10-year debt, 1.52 percent. Presumably, the uncertainty of a country exiting the euro would hurt the single currency in an immediate reaction, Davies says. The widening of peripheral spreads could mean a greater chance of bigger countries like Spain and…
GLOBAL MARKETS-Stocks rebound, euro gains on US sentiment data
…in job growth. The gains in equity markets helped trim losses in crude oil and led the euro to rebound against the U.S. dollar.
FOREX-Euro near 3-1/2-month low vs dlr as Greece churns
…round to the idea of the probability of another election,” said Derek Halpenny, European head of currency research at Bank of Tokyo-Mitsubishi. “But the net result is we are in a far worse position now than prior to the election. The probability of Greece…
Greece Euro Zone Exit Puts at Risk All Members’ Ratings – Fitch
…France , Italy , Spain , Cyprus Ireland , Portugal , Slovenia and Belgium . A Greek euro exit would “break a fundamental tenet” of the currency union, which was designed to be irrevocable, the company said. “In a benign scenario, the spillover and contagion…
Euro higher on hopes for Greek coalition deal
hopes that Greece was moving closer to a coalition government. The single currency rose 0.2 per cent to reach $1.2956 and gained 0.3 per cent against the pound to 0.8040 after reaching a fresh low for the year earlier in the session. … Read the full st
Germany’s Mixed Euro Policy Signals
…nations, it is actually once again the German electorate that may hold the fate of Europe in its hands. Let us all hope they choose the course of least devastation and watch carefully to position our investments for any outcome. John Browne is the Senior Market…
Officially powerless, Euro Group sees influence grow
…politician. The body – which is constituted of the 17 finance minister of the eurozone as well as the EU’s Commissioner for Economic and Financial Affairs, the president of the European Central Bank and as other high-ranking EU officials – is responsible for…
EURO GOVT-Greece, bank worries keep pushing Bunds to new highs
…new currency that rallies the most and … Germany is the best place to be in the euro zone.” Bund futures have risen as high as 143.09, before pulling back in choppy trade to stand 11 ticks higher on the day at 142.72. Ten-year yields were 1.8 basis points…
Van Rompuy Says Euro Can’t Fail, Costs ‘Unbearable’
…”We have travelled far, but we are not there yet. The answer to end the crisis is more Europe, not less Europe,” said Van Rompuy, who presides over European summits. He said populism and nationalism cannot provide answers to today’s challenges. “We can convince…
Option traders eye euro slump
…an expected 5¢ fall in the currency’s value following the wave of regime changes in the eurozone. Breaking industry news & commentary 10 year searchable archive FN Powerlists & Special Reports FN on mobile and iPad Please complete all fields in the form to…
Currencies Pressured As Risk-Off Headlines Stand Out Across the Globe
By Joel Kruger, Technical Strategist for DailyFX.com JP Morgan losses seriously diminish credibility in banking sector Political saga in Eurozone continues to shake investor confidence China trade data disappoints and weighs on broader sentiment China economic data disappoints and weighs further on risk correlated assets Commodity bloc and emerging market FX exposed The intense risk-off [...]
Spain orders banks to set aside 30 bln euro cushion
…- Spain announced Friday a drastic reform forcing banks to set aside a new 30-billion-euro ($39 billion) financial cushion and to separate property assets from their balance sheets. The government will also charge two independent auditing firms with valuing…
Swedes’ support for the euro hits new low (News)
…but also in Sweden,” Holmberg said. However, the study also showed that Swedes believe Europe does a great job at creating good conditions for businesses, on military and environment policies. Despite the lack of trust, 50% of Swedes said they still want their…
EURO GOVT-Bund futures hit record high after U.S. PPI data
…9 basis points wider at 455 bps, as markets were concerned about the impact on public finances of its plans to shore up its banking sector. U.S. producer prices fell 0.2 percent in April, compared to expectations they will remain unchanged, a sign of easing…
Euro Steady After Shaky Start
…peripheral euro-zone bond markets, which were broadly flat on the day. The common currency was recently trading at $1.2948, compared with $1.2936 late Thursday in New York. It was at ¥103.56, compared with ¥103.40.The dollar was at ¥79.95 was at ¥79.93.
WHY THE EURO IS DOOMED TO FALL APART: “it was an incredibly stupid idea in the first place,” Tim Wor…
…look behind the political posturing and ask ourselves whether, in economic terms, the euro was a sensible idea. The structure we need to help us decide is Robert Mundell’s concept of an Optimum Currency Area. We should look at things like language barriers,…
EUR/USD Holding Above the 1.29 Barrier
Forex Technical Update Previous: EUR/USD Forming Short-term Triple Bottom Above 1.29 (5/10) EUR/USD 1H chart 5/11/2012 10:55AM EDT The EUR/USD is starting to slow its downward roll. However, after failing to firmly break above 1.2970 to form a triple bottom yesterday, the market dropped down to 1.29 , cracking the 1.2908 low from May 9. The 1.29 level continues to hold as support, and the market trades near 1.2950 just ahead of the 5/11 US trading session.
