Euro Rises on Greek Bailout Rumors, But For How Long?
After sinking to an 8-1/2 month low against the U.S. Dollar last week, the Euro began to slowly rise against the greenback in trading today. This was largely due to rumors that the European Central Bank will soon move in with a bailout for Greece, a country racked with high deficits. Currently EUR/USD is trading around the 1.3765 level, up from 1.3698 earlier today.
| Full article | | | Forex News Archive |
Euro-Zone Debt Concerns Weigh Heavily on EUR
Traders are expecting a slow news day, and as such may experience thin trading conditions and low liquidity. The few reports expected shouldn't cause too much of a stir, but with thin trading it may result in some decent price action. The EUR's uptick on Monday has many concerned that the 16-nation currency is now due for a downward correction, especially given the rapidly declining sentiment in the Euro-Zone caused by decisions made in Greece and Portugal concerning national debt and government spending, respectively.
| Full article | | | Forex News Archive |
EUR/USD Climbs Back from 8-Month Low
The EUR/USD retreated from its 8-month high as traders moved back into riskier asset classes that they have been seeking to avoid due to the fiscal crisis surrounding the EU nations of Greece, Spain, and Portugal. Fears of a necessary bailout of these nations by the European Central Bank or the International Monetary Fund have put significant pressure on the 16-nation currency. As such, the currency of choice has been the dollar, fueling the currency's recent strength.
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| USD Daily News | EUR Daily News | |
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Forex Blog by FOREXYARD
Silver Recovers to $15.20 an Ounce
Silver prices steadied above $15.20 on Tuesday, but sentiment continued to be hurt by worries over fiscal stability in Europe, curbing appetite for riskier assets such as commodities. Silver recovery from three-month lows hit last week has been limited due to technical selling and fund liquidation amid an uncertain economic outlook. Traders should take advantage of this unique opportunity and use the volatile market in order to capitalize profits.
Full article| Date | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 02/09 | 15:00 | USD |  IBD/TIPP Economic Optimism | 48.8 | 49.3 | 46.8 |  | |
| 15:00 | USD | Wholesale Inventories | m/m | 1.5% | 0.5% | -0.8% | | |
| 23:30 | AUD | Westpac Consumer Sentiment | 5.6% | - | - |  | ||
| 23:50 | JPY | Core Machinery Orders | m/m | -11.3% | 8.2% | - | | |
| 23:50 | JPY | CGPI | y/y | -3.9% | -2.3% | - | |
