Euro higher as debt yields fall

Source: www.ft.com

Figures showing better than expected manufacturing activity for much of the eurozone in January help add to single currency’s gains


Read more...

  • Dead cat bounce on the EUR/USD

    The low from Friday was 1.3934 and we are only 15 pips above there presently. With a 5 wave up-move from 1.2870 to 1.4340 now complete, it’s certainly possible that a short-term top is in place and that we are in retracement mode. The 38.2% of that up-move is at 1.3780. (Technicals to...

  • AUD/JPY Technicals: Long term view is best

    My view here is that we are currently nearing the end of the retracement phase which will be followed by a resumption of the downtrend. Whether the retracement ends at the 50% level at 80 or whether we see another push higher towards the golden retracement at 85.50 remains to be seen. Support...

  • After Getting an Ivy League Business Degree, Wall Street Is Not The Plan

    We talked about former Goldman Sachs executive Greg Smith on our show this week and how his resignation letter cost Goldman Sachs $2B in...

  • New York forex wrap; Dollar loses portion of gains

    Turning point for global economy Sept/Oct this year: IMF’s Strauss-Kahn German bank West LB in spotlight; Dow Jones reports nearly failed over weekend Conference Board’s employment trends survey rises to 89.9 from 89.7; first rise in 16 mos World Bank head bullish on China; welcome...

  • Forex Trading Today » Slight Strength in Risk Aversion Continues ...

    Forex Trading Today » Slight Strength in Risk Aversion Continues on the IntraDay Level on The Conflicts of Recovery Rhetoric; Forex Trading Today » GBP/JPY Looks to an IntraDay Bear Flag Formation for Yen Strength on BoE and ECB Live ... Forex Trading Today -...