Archive for the ‘Euro’ Category

After the IMF, EU and the ECB put a 750 billion package to save the Euro and supporting Greece, the interventions from ECB has become inevitable. The euro’s not able to rise and the pressure is huge right now that the currency will continue to fall.

Lets see how big the pressure will be and whether the euro can continue to remain at similar levels, or if considerable (more…)

A stronger demand then previous t-bill auctions, made the euro gain slightly against the main trading partners on Tuesday.

Government t-bill auction received $780 million euros

Today’s auction was attracting double as much capital as the last time. The treasure bills sold had a lenght of 26 weeks at a yield of 4.55 %. Greece also offered t-bills with a lenght of 52 weeks, with a yield of 4.85 %.

Euro rise against Dollar & Sterling Pound

It seems like euro forex traders were happy about the successful t-bill auction. During the afternoon, the Euro have risen considerable against several other currencies.
Against the Dollar (EUR/USD) from 1.3626 to 1.3573, and against the Pound Sterling (EUR/GBP) from 0.8808 to 0.8839.

euro - us dollar, 13th of April

Intraday graph, Euro against US Dollar above. (See more dollar graphs here)

euro - sterling, 13th of April

Intraday graph, Euro against Pound Sterling above. (See more Euro graphs here)

Finally, the Euro against the Swiss Franc (EUR/CHF) went from 1.4390 to 1.4334.

euro - franc, 13th of April

Intraday graph, Euro against Swiss Franc above.

Or why not check our some more Euro graphs.

Where do you think the Euro is heading in the coming weeks?

The Krona have started to appreciate considerible against the Euro and other currencies lately. Many currency traders now belive it’s time to add the krona to their portfolios. At least as long the Euro is under pressure.

Swedish Krona – from loser to winner

Last quater, the krona was the worst performing major European currency. The link to Baltic banks and quickly increasing unemployment
rate was part of the problems. Now, it’s gone to the regions leading currency instead.

The reasons behind are a few. To start with, Sweden’s budget deficit are shrinking while most other countries deficit are growing. (more…)

Many European Investors believe the Euro crisis are about to spread to Spain and Portugal, after Greece took a hard hit in the beginning of the month. The Euro have taken a hard hit and lost over 6 % against the Euro the last weeks. Are Europe just in the beginning of the crisis, while US are on their way out?

Spain deny lost budget control

“We have control of the ship, we have a plan,” said María Teresa Fernández de la Vega, Spain’s deputy premier. Earlier the same day, the prime minister José Luis Rodríguez Zapatero, visited Washington
where he was confident about his home country: “Spain has a strong and solid financial system.”

Well, all are not as confident. Both Madrid and Lisbon ran up their budget deficits to dampen the effects of the economic crisis and partly because of (more…)

The Dollar ended the week with monthly records against its major six rivals, indicating a broad strenght of the US currency.

Major investors and forex analysts expect that recent stronger economic data will prompt FED to higher interest rates sooner the earlier expected.

Stronger data supports the US dollar

The recent series of stronger data are shifting to support the dollar. “At least from an interest-rates perspective,” said Mike Moran, senior forex strategist at Standard Chartered Bank in New York. (more…)