EUR/USD is a little easier in early European trade, presently at 1.3965. The improved USD sentiment we saw Friday seems to be lingering. The unexpected improvement in U.S. non-farm payrolls Friday is leading some to believe it won’t be too long before we see official US rates headed higher. At the same time, there is a feeling in certain quarters that the yield back up could prompt the Fed to quit buying treasuries if it is seen to be rooted in economic optimism. The worrying situation in the Baltics will also be weighing on EUR/USD. Technical support is at present 1.3965 and below there at 1.3925/30, resistance up at 1.4000/10.
EUR/USD touch easier in early European trade
Source: www.forexlive.com
Read more...
Forex and Financial Market Update 10 June 2009
If it wasn't for equities and commodities rallying back the last 30-minutes of Wall St. the higher-yielders in the Forex market would have been stuck on ... See all stories on this...
The Forex Income Engine 2.0 is LIVE
(Be sure to read this post because it gives you access to a brand new Forex method that ‘flip flops’ the approach most people take… …and shows you how select groups of traders can get in on the huge volatility in the Forex markets RIGHT NOW that’s being created by the...
Why dollar carry trade faces hidden dangers
Most investors agree that it is out there. What is less clear is how big it is, or how worried investors should be about it. The “it” in question is the dollar carry trade. This is an investment strategy that has recently been extremely profitable and as a result has become increasingly...
US Non-Farm Wages Increasing
The American economy published two figures early Thursday afternoon which suggest working conditions and wages are on the rise at the start of...
Pakistan's forex rise $330 mln to $11.52 bln
KARACHI, June 4 (Reuters) - Pakistan's foreign exchange reserves rose by $330 million to $11.52 billion in the week that ended on May 30, a central bank ... See all stories on this...