The EUR USD fell to a new low for the year, in effect wiping out the $1 trillion bet placed by the European Union over the week-end. Now that the short-term fix has been eliminated by the market action, the downtrend can resume...
Read MoreMay 13, 2010 Bailout Failure Drives Euro to New Low The EUR USD fell to a new low for the year, in effect wiping out the $1 trillion bet placed by the European Union over the week-end. Now that the short-term fix has been...
Read MoreThe Euro finished lower on Wednesday. Now that credit concerns in the Euro Zone have been taken care for the short-run, investors are becoming worried about the possibility of a slowdown in the economy. The size of the new...
Read MoreMay 12, 2010 Euro Falters; Traders Still Concerned about Bailout Package The Euro finished lower on Wednesday. Now that credit concerns in the Euro Zone have been taken care for the short-run, investors are becoming worried...
Read MoreThe GBP USD advanced after it was reported that an agreement to create a new government had been reached. Traders celebrated the news that the Conservative party and the Liberal Democrats had formed a coalition to create a...
Read MoreMay 11, 2010 Formation of Coalition Government gives British Pound Boost The GBP USD advanced after it was reported that an agreement to create a new government had been reached. Traders celebrated the news that the Conservative...
Read MoreThe Euro finished higher but finished well off its Monday high. This was expected since the announcement by the European Union to inject close to a trillion Dollars into the Euro Zone financial and economic system triggered a...
Read MoreMay 10, 2010 Euro Pares Gains; Investors worried about Long-Term The Euro finished higher but finished well off its Monday high. This was expected since the announcement by the European Union to inject close to a trillion...
Read MoreAfter an extremely hard sell-off which began Monday, the Euro stabilized on Friday and actually finished higher for the day. With the way information has been distributed this week, who knows why the market settled higher....
Read MoreThe EUR USD plunged sharply lower on Thursday breaking through 1.26 and approaching dangerously close to the October 2008 bottom at 1.2329. There may be a technical bounce if this area is tested, but longer-term swing charts...
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