Posts Tagged ‘Pound’

Keys to Forex,

12597341411 From the United States we saw the Dow Jones end its eighth consecutive day of gains reaching 10,779 points, known after the favorable economic data, on the one hand the evolution of consumer prices (CPI) for February was more favorable expected.

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Opening FX: Major world stock markets touch new highs annual

1259749543Risk crossings are moving forward in a context where the main global stock are making selective annual maximum. The Euro-dollar moves close to 1.3500 and the Euro-Yen has drilled clavichord line of a figure of hgh. A single currency has been granted, for the moment, pretty well the announcement of a plan of aid to Greece.

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Opening Forex – EURUSD loses key support

1259317362Main foreign exchange market crosses:

The Euro-Dollar gives us a surprise by overcoming the key support of 1.3435 to mark a new low last year and ten months 1.3355. Uncertainty about the bailout plan in Greece is still very negative for the single currency. His next stop bears are in the 1.3346 and 1.3301. Until we clear up doubts about Greece is difficult to put a bounce.

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Opening FX: Today begins the European Council meeting

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Today begins the expected European Council meeting in Brussels which will discuss in detail the possible rescue plan for Greece. The chronic stress that Germany’s strategy to avoid passing an explicit agreement rescue while Greece can continue to issue debt in international markets. Germany also use the occasion to try to impose greater fiscal discipline with which to prevent further attempts at debt problems. There is talk of a Stability and Growth Pact (SGP) which strengthened penalties could be imposed over those countries that exceed the deficit level permitted in an appellant, including the temporary suspension of the Euro Zone. For this reason many experts believe that community matters will be difficult to reach a final agreement.

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