Forex Crunch EUR/USD Feb. 11 – Falling to Three Week Low |
- EUR/USD Feb. 11 – Falling to Three Week Low
- Forex Daily Outlook – February 11 2011
- AUD/USD Feb.11–Aussie Declines against Greenback
- Dollar Rises on Better Unemployment Claims
- Portugal Bailout Closer as ECB Stops Buying Bonds
| EUR/USD Feb. 11 – Falling to Three Week Low Posted: 11 Feb 2011 02:22 AM PST EUR/USD is falling towards a three week low as the dollar storms the board and worries about debt hurt the Euro. How will it end the week? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Traded in narrow range between the 1.3570 and 1.3610 lines. Further drops followed in |
| Forex Daily Outlook – February 11 2011 Posted: 10 Feb 2011 02:00 PM PST We end this week with some exciting news such as Trade Balance in the US & PPI Input in the UK .Let’s see what awaits us today. In the US, Trade Balance, value between imported and exported goods and services during the reported month is about to reduce by 2.1B. Export demand and currency demand |
| AUD/USD Feb.11–Aussie Declines against Greenback Posted: 10 Feb 2011 12:23 PM PST The Aussie declined again slightly Thursday against the US Dollar following better-than-expected unemployment data. The Aussie was trading at 1.0040, down 0.57% at the time of this writing. How low will the Aussie decline against the UD Dollar in the short term? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous |
| Dollar Rises on Better Unemployment Claims Posted: 10 Feb 2011 05:55 AM PST US jobless claims dropped to 383K, a significant surprise – expectations stood on 410K. These numbers, much better than the disappointing Non-Farm Payrolls on Friday, send the dollar higher. This improvement in unemployment is also seen in the 4 week moving average, which fell to 415K. An improvement in the job market is critical to the US |
| Portugal Bailout Closer as ECB Stops Buying Bonds Posted: 10 Feb 2011 03:25 AM PST The yields on Portugal’s’ bonds are breaking records, above 7.5%. This can be “blamed” on the European Central Bank, that didn’t buy any bonds in the pat two weeks. Without the support of Jean-Claude Trichet, money becomes very expensive for Portugal. The high lending levels are unsustainable in the long run, and may force an |
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