TraderPlanet.com :: Commentaries tagged (forex)

Forex - NZD/USD down in Asian trade

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 23:35:00 +0000

Forexpros - The New Zealand Dollar was lower against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.8327, down 0.16% at time of writing.

The pair was likely to find support at 0.8287, Monday's low, and resistance at 0.8408, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.001% to hit 1.2932 and EUR/NZD rising 0.10% to hit 1.5949.

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Forex - U.S. Dollar Lower On Greek Austerity Agreement

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 18:55:00 +0000

Forexpros - The U.S. dollar traded lower against its major counterparts Thursday, as Greek Prime Minister Lucas Papademos said an agreement on austerity measures required to secure a second bailout had been secured.

During U.S. afternoon trade, the dollar was down against the euro, with EUR/USD rising 0.23% to hit 1.3292.

Greek political leaders agreed on the conditions set by international creditors in exchange for a new bailout worth EUR130 billion.

Greek Finance Minister Evangelos Venizelo...Read More at TraderPlanet.com »

As Eurozone Equities Push Higher, Bullish Positions Build on OpenBook

eToro, TraderPlanet.com — Thu, 09 Feb 2012 18:00:05 +0000

European equity markets are all higher, led by the Eurozone's banking sector, as investors' optimism of a favorable resolution to the Greek saga grows. Also providing some support for equities was news from the European Central Bank that they have agreed in principle of the need for them to make possible concessions on their own "haircut" as regards their Greek bond holdings. Read more

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Bank of England Increases Asset Purchases, Holds Rates Unchanged

eToro, TraderPlanet.com — Thu, 09 Feb 2012 17:47:30 +0000

The Bank of England announced earlier that it would hold its benchmark lending rate at 0.5% in line with economists' expectations. They also announced that the Bank's asset purchase program would be increased to ?325 billion from the current ?275 billion, again in line with expectations. Meeting minutes will be published on February 22nd, which will be closely scrutinized to determine how the voting went and whether or not any of the other MPC members joined Adam Posen who is believed to have...

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Dollar broadly lower on Greek debt deal

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 16:21:00 +0000

Forexpros - The U.S. dollar was broadly lower against its major counterparts on Thursday, after Greek Prime Minister Lucas Papademos said an agreement on austerity measures required to secure a second bailout had been completed.

During U.S. morning trade, the dollar was down against the euro, with EUR/USD rising 0.38% to hit 1.3312.

Mr. Papademos said political leaders had agreed on the conditions set by international creditors in exchange for a new bailout worth EUR130 billion.

Greek Finance Mi...Read More at TraderPlanet.com »

Forex - Pound trims gains against U.S. dollar

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 15:30:00 +0000

Forexpros - The pound trimmed gains against the U.S. dollar on Thursday, but market sentiment remained supported following reports that Greek politicians reached an agreement on a long-awaited austerity deal.

GBP/USD pulled back from 1.5884, the daily high, to hit 1.5831 during U.S. morning trade, still up 0.08%.

Cable was likely to find support at 1.5787, the low of February 7 and resistance at 1.5928, Wednesday's high.

A spokesman for Greek Prime Minister Lucas Papademos said an agreement on t...Read More at TraderPlanet.com »

Forex - EUR/USD at 2-month high on Greece deal

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 15:13:00 +0000

Forexpros - The euro extended gains against the U.S. dollar on Thursday, advancing to a two-month high after Greek political leaders agreed on an austerity package, paving the way for a second bailout deal to keep it from a default next month.

EUR/USD hit 1.3320 during U.S. morning trade, the pair's highest since December 12; the pair subsequently consolidated at 1.3301, gaining 0.31%.

The pair was likely to find support at 1.3088, Wednesday's low and resistance at 1.3433, the high of December ...Read More at TraderPlanet.com »

Tensions Will Inevitably Remain High

Darrell, TraderPlanet.com — Thu, 09 Feb 2012 13:54:52 +0000

EUR/USD

The Euro was confined to narrower ranges on Wednesday as technical factors tended to dominate with selling pressure an any approach to the 1.33 area against the dollar while retreats continued to attract firm buying support.

Greek negotiations continued during the day while there were a series of rumours following the release of a framework document on how to reach agreement with the troika. After protracted negotiations, Prime Minister Papedemos announced that there was an outline d...

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Dollar broadly lower after U.S. data, euro zone watched

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 13:45:00 +0000

Forexpros - The U.S. dollar was broadly lower against its major counterparts on Thursday, as investors eyed developments in the euro zone, while U.S. data showing that jobless claims fell to an almost four-year low last week boosted risk appetite.

During European afternoon trade, the dollar was slightly lower against the euro, with EUR/USD easing up 0.09% to hit 1.3271.

The euro remained supported by expectations that the Greek government would reach a deal on austerity measures required to sec...Read More at TraderPlanet.com »

Forex - EUR/USD steady after ECB keep rates unchanged

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 13:01:00 +0000

Forexpros - The euro was steady against the U.S. dollar on Thursday, after the European Central Bank left its benchmark interest rate unchanged, as hopes for a resolution to pave the way for a second Greek bailout supported the single currency.

EUR/USD hit 1.3215 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3249, dipping 0.08%.

The pair was likely to find support at 1.3088, Wednesday's low and resistance at 1.3311, the session high and an eight-week ...Read More at TraderPlanet.com »

EURJPY: Risk Continues To Point To The 102.52 Level And Beyond.

FXTechstrategy, TraderPlanet.com — Thu, 09 Feb 2012 10:36:28 +0000

EURJPY- With the cross holding above the 102.19 level and challenging the 102.52 level, its Dec 21'2011 low, further upside offensive looks to continue. Above the 102.52 level will call for a run at its Dec 12'2011 high at 103.86 and possibly higher towards its Dec 02'2011 high at 105.69. Its daily RSI is bullish and pointing higher suggesting further strength. Alternatively, the risk to our analysis will be for the cross to return to the 99.02 level where we could see a reversal of roles as ...

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Forex - USD/CHF edges lower, focus on Greece talks

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 10:23:00 +0000

Forexpros - The U.S. dollar edged lower against the Swiss franc on Thursday, as investors hoped Greece was nearing a deal on a second bailout ahead of a meeting of euro zone leaders later in the day.

USD/CHF hit 0.9092 during European morning trade, the pair's lowest since December 1; the pair subsequently consolidated at 0.9112, slipping 0.14%.

The pair was likely to find support at 0.9070, the low of November 30 and resistance at 0.9185, the high of November 22.

Following talks on Wednesday, G...Read More at TraderPlanet.com »

Dollar broadly lower on Greece hopes

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 09:49:00 +0000

Forexpros - The U.S. dollar was broadly lower against its major counterparts on Thursday, as hopes that Greece was moving closer to securing a second bailout supported market sentiment ahead of policy decisions by the European Central Bank and the Bank of England later in the day.

During European morning trade, the dollar was lower against the euro, with EUR/USD adding 0.28% to hit 1.3297.

Following talks on Wednesday, Greek Prime Minister Lucas Papademos said political leaders had reached an a...Read More at TraderPlanet.com »

Forex - GBP/USD edges up on Greece deal hopes

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 09:14:00 +0000

Forexpros - The pound edged higher against the U.S. dollar on Thursday, as expectations that Greece was moving closer to a deal to secure a bailout and avert a default supported market sentiment.

GBP/USD hit 1.5849 during European morning trade, the session high; the pair subsequently consolidated at 1.5839, gaining 0.13%.

Cable was likely to find support at 1.5749, the low of February 3 and resistance at 1.5928, Wednesday's high and a 12-week high.

Following talks on Wednesday, Greek Prime Mini...Read More at TraderPlanet.com »

Forex - AUD/USD steady, Greece debt talks in focus

forexprosreview, TraderPlanet.com — Thu, 09 Feb 2012 08:14:00 +0000

Forexpros - The Australian dollar was steady against its U.S. counterpart on Thursday, as sentiment was mildly supported by hopes of an imminent breakthrough in Greek debt talks.

AUD/USD hit 1.0824 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0801, inching up 0.02%.

The pair was likely to find support at 1.0701, the low of February 7 and resistance at 1.0968, the high of July 26.

Greek political leaders agreed on all points of a bailout package except on pensi...Read More at TraderPlanet.com »