AUD/USD Drops on Weak Chinese PMI Data
Last Updated on Friday, 1 June 2012 05:18 Written by FxTT Analysis Department Friday, 1 June 2012 05:14
EUR/USD: EUR/USD is sinking as every bounce is sold. The pair closed the last trading day of the month slightly lower than opening after a volatile session. Fears about the deepening euro zone debt crisis and concerns about slowing growth in the eurozone. EURUSD remains in a major downtrend on the possibility of the eurozone’s [...]
MoreEUR/USD Dives on Increasing Concerns Over European Bond Spreads
Last Updated on Thursday, 31 May 2012 02:30 Written by FxTT Analysis Department Thursday, 31 May 2012 02:28
EUR/USD: EUR/USD tumbled yesterday as surging borrowing costs in debt-plagued Spain renewed fears that more countries in the euro zone will be hit hard by the ongoing financial crisis. The pair remained under the pressure on signs Spain’s economic and banking crisis was deepening and on renewed concerns Greece may fall out of the eurozone. [...]
MoreAUD/USD Drops on Disappointing Retail Sales Numbers
Last Updated on Wednesday, 30 May 2012 04:16 Written by FxTT Analysis Department Wednesday, 30 May 2012 04:15
EUR/USD: EUR/USD closed the day lower than opening as persistent worries over Spain’s increasing borrowing costs and its weakening banking sector soured the sentiment. Spain’s fourth-largest lender Bankia has asked for a bailout of €19 billion and Spain’s 10-year bond yields are approaching the 7% level. Since there is still time for Greek elections, the [...]
MoreWorries About Italy and Spain Drag the Euro Down
Last Updated on Monday, 28 May 2012 08:16 Written by FxTT Analysis Department Monday, 28 May 2012 08:16
EUR/USD: EUR/USD traded as high as 1.2622 during the Asian session yesterday as investors’ risk appetite was boosted after polls in Greece pointed to a victory for the pro-bailout New Democracy party ahead of next month’s elections. However the pair erased gains as pressure intensified Spanish banks and the country’s government bonds. The yield on [...]
MoreDeepening Turmoil in Eurozone Weighs on EUR/USD
Last Updated on Sunday, 27 May 2012 07:42 Written by FxTT Analysis Department Sunday, 27 May 2012 07:42
EUR/USD: Time appears to be running out as fears of a Greek financial collapse continue to mount in Europe. Without a strong government capable of implementing new reforms, Greece will not be able to get new financial aid and the country will be forced to leave the eurozone. Reports show that many Greeks have apparently [...]
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