Best Forex Trading Signals
Seven months of negotiations finally came to an end in Brussels overnight where European Finance ministers approved a 130 billion-euro bailout package for Greece. The deal included a 53.5 percent write down for private bondholders as well as tapping into ECB profits to help provide relief. Despite the stalemate finally ending European Stocks fell from [...]
Continue Reading →The Euro has broken higher overnight after subdued risk sentiment kept the single currency under pressure for most of the day. Not before falling below the 1.3000 mark to lows of 1.2980, a combination of Greek developments and US fundamentals worked together push the risk switch back to the ‘ON’ position. Helping the Euro gain [...]
Continue Reading →The S&P 500 lost 0.6 percent in overnight trade with Global Markets finishing across the board lower. The main driving force behind losses over the past 24 hours has again come out of Greece where EU finance ministers have pushed Greek Parliament for further reassurances that the full-extent of any potential bailout package will be [...]
Continue Reading →The Dollar and Yen slipped against their higher-yielding counterparts yesterday, with the euro pushing back towards Friday’s highs after Greek Prime Minister Lucas Papademos won parliamentary approval for a series of austerity measures required to receive the country’s next tranche of bailout funds. The Euro rallied to 1.3280 against the Greenback and 103.15 against the [...]
Continue Reading →With markets in a risk-off tone on Friday, the Euro Dollar’s opening value of 1.3290 was the highest level seen of the day. Drifting towards 1.3280 throughout the Asian session, the shared currency was pushed lower against the US Dollar on a report showing China’s exports and imports fell for the first time in two [...]
Continue Reading →European Stocks rose overnight after Greek Leaders finally agreed to reforms on austerity measures needed to secure a second rescue package and avoid default on its existing debt payments. Whilst an agreement was reached out of Athens the market’s reaction was relatively muted given the financial package still needs to be ratified by European Financial [...]
Continue Reading →In what was much of the same for markets overnight, it was again concerns out of Greece which had investors holding their breath hoping for some type of resolution. Global Stocks and US Treasury’s almost stood still overnight which resulted in an overall subdued session around the Globe. Given the Greek Cloud which has formed [...]
Continue Reading →Following a five week advance for the S&P 500 Index, US Stocks dropped yesterday amid ongoing concerns that Europe’s debt crisis is set to again worsen. In what is turning into a very long-winded process German Chancellor Angela Merkel voiced publicly her concerns over Greece, emphasising the fact that time is now running out to [...]
Continue Reading →Despite Greece failing to reach an agreement with its private sector bond holders, the Euro Dollar appears hesitant to break from its current ranges against the Greenback. Whilst disappointment as to the lack of progress caused the single currency to fall to intraday lows of 1.0390, anticipation of tonight US Non-Farm Payrolls kept hesitant traders [...]
Continue Reading →The US Dollar has fallen against all but 3 of its major trading partners after a wave of positive manufacturing was released in succession around the globe. Starting in the Asian session, China’s manufacturing sector unexpectedly expanded in the month of December; In Europe, its region’s PMI hit a five-month high of 48.8, up from [...]
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