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 |
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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