Archive for the ‘Euro’ Category

The additional liquidity offered by the European Central Bank (ECB) might pose some risks to the financial stability of the region, according to the bank’s president, Mario Draghi.

Addressing investors in Frankfurt, the president said the ECB new policy measures may have some risks, and further suppress benchmark sovereign bond in the euro zone.
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In the latest round of online Forex trading news, it seems that the bears still have a strong hold over the euro.

It should be no surprise that Greece has played a central role in this recent doom and gloom.

As their government is now hinting (not so subtly) that they wish to renegotiate the terms of their previous bailout, rumours are spreading that the stability of the European Union may once again come into question.
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It has recently been announced that the ECB will take an unprecedented step and inject no less than €1.1 trillion euros into the European economy.

This quantitative easing measure intends to purchase €60 billion euros worth of bonds each month until (at least) September 2016.

This action is seen as being no great surprise to many online Forex investors who have stated that a stagnant European economy required an additional economic stimulus.

Obviously, this will have a rather dramatic effect upon the value of the euro in relation to other currencies.
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There is still much uncertainty in global markets, with jitters in Europe having an effect on the US dollar.

A recent 5.8 per cent drop in German exports coupled with a downward revision of growth forecasts for the country has had a negative knock-on effect on the dollar, owing to the potential for a weak US export market.

Although the dollar has largely retraced earlier losses, investors are still dovish, with the federal reserve bank keeping interest rates low. The recent meeting of the fed also raised concerns about how a strong dollar may further affect US exports.
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The brokering of a ceasefire between Russia and Ukraine has finally brought stability to Forex trading markets in the last week, particularly in the Eurozone.

The conflict has significantly slowed the recovery in central Europe, with Germany’s finance minister Wolfgang Schäuble recently announcing that the growth forecast for the country may not attain its predicted target of 1.8 per cent.

This is to be expected in a country only 400 miles from the conflict; fighting has affected business confidence in the powerhouse economy of Europe, and this has had a negative knock-on effect on the price of the Euro.

However, the tenuous peace deal between Russian rebels and the Ukrainian government has helped the Euro advance against the Dollar faster than all other currencies; from previous lows to a price of $1.311565.
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Two of the biggest pieces of online forex trading news that emerged this week and caught the attention of traders from all around the world had their origins in Europe and China.

As all good forex traders know, the key to making profits in the currencies markets is accurately predicting movements in price in advance.

These two pieces of important news strongly suggest that there will be movements in price within some of the major global currencies (such as the Euro and Renminbi).
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All eyes are on the continuing developments in the Balkan region of the world.

As was expected, the so-called referendum in Crimea is said to have reported that ninety-seven per cent of ethnic Russians wish to secede from Ukraine and join the Russian Federation.

This has caused a massive ripple effect in the currency markets as of late. With both the European Union and the United States threatening very real sanctions, currency traders are already closely watching the value of the ruble in relation to its other major currency counterparts.
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All eyes seem to be focused on the recent strengthening of the euro in relation to the majority of other traded currencies.

Indeed, this eighteen-nation benchmark was seen to be trading at the highest levels so far this year; rising 0.6 per cent in early trading while even briefly touching upon $1.3813 dollars. This value has not been seen since late December of 2013.
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An optimistic quarterly inflation report from the Bank of England on Wednesday saw Sterling surge on the Forex markets, with well-placed online traders taking good advantage of the announcement.

The Bank’s Governor, Mark Carney, commented that economic recovery was taking hold in the UK and the Bank’s projections for growth were moving forward, with next year’s annual growth expected to reach 2.8%, up 0.3% from the projection made in August.
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As the US government shutdown moves into its third day, inevitably the crisis continues to have a negative impact on the strength of the US dollar.

Many other currencies had already started to strengthen against the dollar by the end of September, in anticipation of the Republican-led House of Representatives vote to refuse acceptance of the budget. However, the continuing failure of the American political parties to negotiate a settlement is likely to weaken confidence in the dollar further as the days go by, which will impact on forex trading in a number of currencies.
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In the latest round of currency trading news, two main events have recently dominated the currency landscape. The first main concern is the recent decision by the United States federal government to continue its policy to maintain its current levels of quantitative easing.
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One of the biggest pieces of news to impact the online forex trading community this week has been the announcement that the latest US job figures are not as high as was hoped for.

Despite a range of measures having been put in place by President Obama and his administration to try and improve the USA’s worrying job situation, the modest target of an extra 180,000 jobs was not met.
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In the latest forex trading news, all eyes are keenly focused on what may be a rather bullish rebound for the Euro.

Last week, this multinational currency finished trading with gains just above one percent; a mild signal that forex traders may be taking a keener eye on futures. However, there were relatively few notable events during the prior week. On the contrary, the week ahead will see some major news emerge from the markets.
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Foreign exchange currencies change in just a few seconds. This trading option is more volatile than ever as more transactions are currently in process. There are yet economic changes this week as analysts see the potential of short term charts. This would provide further opportunities for big levels to watch out for.

The EUR/USD has low volatility with a low level of 1.3000 so no other expectations are to be seen until this week. The best currency for long-term outlook is the EUR/USD since it still ranges from 1.2800 to 1.3200. Added to that, the RSI and the short term average are on neutral as technically seen in the chart.
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While the Euro had slid considerably last week after the recent round of ECB interest rate cuts, the announcement by ECB president Mario Draghi that further cuts may be necessary has further dampened the outlook for this embattled currency.

Many online forex traders take such a stance as an indicator that economic conditions in Europe are far from sorting themselves out in the short to medium-term.
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The final week of April has witnessed the Euro tumble once again as the jobless rates in the European Union hit an all-time high of 12.1% awhile inflation slowed to 1.2%; rates not seen since February of 2010.

Of notable importance for online forex traders is the marked unemployment figures released from both Spain and Germany. While the figures in Germany may be seen as comparatively marginal, those in Spain represent the continued weakness of the fifth-largest economy in Europe.
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On the online forex trading front for this week, a few key movements are taking pace in Europe that have drawn considerably interest from currency traders.

One movement that has gained considerable attention is the fact that the Swiss deflation rate fell to a profound eight month ow in March. This has mainly been caused by the price of consumer goods falling; induced largely by the flow of liquidity from traders looking to hedge themselves against a weakening Euro. In turn, this has obviously strengthened in the CHF.
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As Cyprus finally manages to come to an agreement with international lenders over a 10 billion euro bailout, the Euro has seen some positive movement in response. Finally pulling away from its four month low, this morning the central European currency achieved an online trading value of $1.3040, an improvement which has been desperately sought by Forex traders across the world.

Short term fluctuation

However, though euro zone finance ministers were quick to endorse an agreement which should stop Cyprus facing total financial ruin, many investors are not seeing this positive step in Euro value as anything other than a short term fluctuation. (more…)

The most prominent online trading news for this week is the unfolding situation in Cyprus. We have seen the Euro lose more value as the EU continues to pressure Cyprus to come to a consensus regarding the 5.8 billion Euros needed to save the ailing country from a disorderly default and a messy exit from the European Union.

Although this 5.8 billion was initially to come from the mandatory levy on all citizens’ bank holdings, severe protests and mass withdrawals of capital have made this move, at least as it currently stands, all but impossible.
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It seems that many investors feel that the euro has turned a rather pivotal corner during this past week. The multinational currency finished off the week of the 21st at a ten month high in relation to the dollar.

This has been interpreted by many as a sign of a heightened sense of confidence in the European banking sector.

There are even rumours that we may see the euro currency test the 2012 resistance levels of $1.35 in the short-term. Nonetheless, the week ahead is of critical importance for the perceived strength of the euro.
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