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Foreign exchange market
EURUSD: Greek Factor
27 January 04:07 AM
On Thursday the private holders of Greek bonds (under the auspices of the IIF) continued the debt writedown talks with Athens. The thing is that the economic situation in Greece keeps deteriorating, which suggests writing down more of its debt, otherwise all the previous steps will make no sense.
The IIF made a statement, saying that there is some progress in the talks.
In the meantime, EURUSD keeps forming the upswing – wave C H1. If there are no signs indicating its completion, the next closest target is 1.3290.
At this point, there is a retracement being formed in the mentioned wave C. According to the SRP Department of Masterforex-V Academy, it is necessary to monitor the structure of the retracement pattern in order to anticipate the future succession of events.
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Gold And Silver: Daily Market Outlook. Feb 22nd 2012
HSBC: Euro Will Strengthen In Q1 2012
Deutsche Bank: Japanese Yen Will Strengthen Further
GBPUSD: Budget Surplus Fails To Support British Pound
AUDUSD: Australian Dollar Exchange Rate Will Depend On Inflation
USDCHF: Lower External Trade Surplus Fails To Curb Swiss Franc Strengthening
Euro Rate: Can One Survive in the Narrowing Flat?
Forex news.
Having delved into a range of sub-waves within narrowing correctional flat of h1 wave level at the beginning of the week, EURUSD currency pair is acting in a rather mysterious way at FOREX market. At the same time, one may seek for profit-making market trends at lower timeframes.
EURUSD: Market Outlook
Euro Rate: Good Word and Currency Feels Good
Forex news.
Negotiations of Finance Ministers of euro zone on the matter of “final” approval of Greek support package to Greek has lasted for over 12 hours. By 7 a.m. Moscow time the decision has been made. The second, 130 billion euro, support package has been assigned to the country. Greek Prime Minister Lucas Papademos has called this occasion “historic”.
Euro Rate: Adherence to Bullish Trend
Forex news.
Not waiting for the start of European trading session at FOREX market, EURUSD currency pair has jumped 100 points up to the point of 1.3293, having exceeded yesterday’s local maximum. This has proved the high inertness of price and adherence to the trend.
At the same time, timeframes from m5 to h1 give signals of the possible termination of rising trend in the nearest future. The period of the session currently shows a combination of waves "А" and "В" of m15 level. From the point of view of traders, profit-making falling wave "С" would be desirable in the nearest future.