EUR/USD is trading in soimilar fashion to Wednesday when hedge funds headed for the exits en masse. Bids at 1.4100 are being absorbed. 1.4070, the spike low from yesterday is the next focus. Large stops are perched below that level.
Leveraged bailout resumes in EUR/USD
Source: www.forexlive.com
Read more...
Analyst Moves: GRPN, XLS
Groupon (GRPN) was downgraded today by Bank of America/Merrill Lynch from buy to neutral with a price target of $20, following a restatement of...
Analyst Moves: WES, VRSK
Western Gas Partners (WES) today had its estimates raised by Credit Suisse (CS), with a price target of $48 set, as the company has been...
Forex / American Session - 11/06/2009 - DailyFX Forum
EUR/USD - Euro Dollar 1,3947. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. DailyFX Forum - Blogs -...
Lacker: Don’t need to buy more bonds if curve steep on outlook
If the US yield curve is steepening on the back of a brighter economic outlook than there is no need for the Fed to add to its purchases of Treasury notes. Higher rates will be needed when economic growth turns positive, Lacker says. Yields will be in focus this afternoon as the government auctions...
ECB comments continue to lean to the dovish side
The members of the ECB governing council are proving to be some of the people not as convinced by the economic recovery as the markets are. This time it’s France’s Noyer who says that fuctioning of markets has not been fully restored and that the key challenge is restoring confidence...