Tag: Greece
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With the Euro already recording fresh 14-month lows against the U.S. Dollar on Thursday, the single currency may see a significantly larger price drop following the U.S. Non-Farm Payrolls report. Set to be released at 12:30 GMT, the report is forecasted to show an increase in the American employment figure. This will likely weigh heavily on the Euro. Summary USD - Non-Farm Payrolls Could Lead to Big Gains for the Greenback EUR - Euro Continues to Fall With No End in Sight JPY - Yen Makes Big Gains as Safe Haven Currency OIL - Spot Crude Plummets on Market Turmoil
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Fears that the sovereign debt issues will spread to other weak economies such as Spain and Portugal as well as concerns that the bailout package will not be enough to return Greece to solvency caused the EUR to fall to its lowest level in 14 months versus the USD. Summary USD - USD Gains on Negative Market Sentiment EUR - EUR Drops over 1% versus the USD JPY - Yen Rallies versus Counterparts OIL - Crude Price Drop blow $80 a Barrel
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An extremely volatile trading day ended yesterday with the U.S. Dollar gaining against most major currencies. The EUR/USD pair hit a one-year low not seen since April 2009, trading below 1.3200. Volatility is expected to continue today, while European Union (EU) representatives would probably try to reassure investors regarding the stability of the EUR and aid to support Greece. This should support the EUR, which was already trading higher at Wednesday's trade opening. Summary USD - U.S. Consumer Confidence Comes High, Markets End Low EUR - Greece & Portugal Downgrade Sent EUR to Yearly Low JPY - Yen Rises as Investors Divert from Risk OIL - Crude Oil Prices Rise as Recovery Concerns Take Over
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The EUR/USD cross edged above the $1.35 level after the German ZEW Institute's April economic sentiment index came in well above previously forecasted levels. That being said, the Euro-Zone currency fell later in the session amid persistent worries about debt-stricken Greece. Summary USD - Dollar Tumbles as Risk Taking Resumes EUR - Euro pressured vs. Dollar on Greece Debt Worries JPY - Yen Gains vs. Euro on Greek Concerns Crude Oil - Crude Extends Gains Past $84 a Barrel
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After a relatively calm trading week, on which it seemed that the Dollar and the Yen would continue to rise, European governments have offered an aid package to Greece and have immediately created mayhem in the market. Currently the Euro and the Pound are ascending on all fronts, did you take advantage? Summary USD - Dollar Erases Gains vs. the Majors EUR - Euro Soars as European Governments Offer $61 Billion Aid Package to Greece JPY - Yen Sees Mixed Results against the Majors OIL - Crude Oil Remains At $85 a Barrel
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The Euro was provided assistance earlier today when the European Central Bank (ECB) announced that interest rates would be held steady - as was expected - and that there was little fear of a sovereign default by Greece. Such a turn of events gave the 16-nation single currency a much needed boost against its primary rival, the US Dollar, but some analysts contend that these gains will be short-lived. Summary USD - EUR/USD Exits Down-Trend EUR - EUR Gains from ECB Governor Statements JPY - JPY Bearish against Majors; Weekly Gains at an End OIL - Spot Crude Oil Price Rebounds after Week-Long Decline
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Yesterday ended with traders returning to the EUR and GBP while selling safe-haven currencies such as the USD and the JPY. An agreement regarding a future safety net for Greece's debt problems helped lift the EUR. Later, Standard & Poor's affirmed its rating for Greece which gave the euro another boost. The GBP experienced its biggest daily gain in several months after better than expected data was published. Summary USD - Economy Slowly Improving, Rates Held Steady
EUR - EUR Closes Higher vs. USD as Greece Concerns Ease
JPY - Yen Slides as Risk Appetite Grows
Crude Oil - Crude Oil Prices Rise supported by a Strong EUR
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 | Forex | daily market trend | analysis | news | fundamental | technical | eur | gpb | USD | jpy | agreement | Greece | debt | standard & poor | ||||||
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The USD fell Tuesday versus the EUR on comments from Greek officials regarding the government's commitment to make major budget cuts necessary to reduce the deficit. Pressuring the Dollar further were hawkish statements regarding interest rate hikes from the Canadian and Australian central banks. Summary USD - USD Declines on Interest Rate Hike Outlook EUR - EUR Rises on Expected Greek Budget Cuts JPY - JPY at 11-Week High versus USD Crude Oil - Crude Oil Struggles to Stay above $80 a Barrel
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The USD declined against the EUR yesterday as anxiety over Greece's debt situation is losing ground. Also better than expected economic data from the U.S and Europe helped boost risk appetite, pushing investors to riskier currencies and commodities. Summary USD - USD Drops on Renewed Risk Appetite EUR - Waning Concerns over Greece's Debt Boost EUR JPY - Yen Drops on Signs of Stronger Global Recovery OIL - Crude Gains Close to 4%
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With a slow news day forecasted for today, the Euro continues to be weighed down by Greece's deficit worries. Further impacting the hard hit currency is the lack of a concrete plan from the European Central Bank to come to Greece's aid. This does not bode well for the Euro in trading today. Forex Highlights USD - Investors Continue to Flock to Safe Haven USD EUR - Lack of ECB Plan to Combat Deficits Hurts Euro JPY - Yen Hurt by Fresh Chinese Regulations Crude Oil - Crude Drops As a Result of Strong Dollar, Chinese Policy
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