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Euro Debt Crisis

Spain Unemployment Hits Record High – Euro Movement Remains Indecisive

January 24, 2013 9:51 am GMT+0  in Forex Fundamentals and News

The unemployment data released today by National Statistics Institute in Madrid¬†showed that Spain’s unemployment jumped up to 26.02% in the 4th quarter of 2012. This is a record high at least since 1976. This casts dark shadows on the outlook of the country which had seen a very controlled unemployment during 2001 to 2008 whenRead the Rest…

Commodity Currencies Losing Direction Amidst Uncertain Economic Outlook And Psychological Pressure

January 23, 2013 7:13 am GMT+0  in Forex Fundamentals and News

Commodity currencies has been seeing a directionless volatile moves against the U.S. dollar. AUD/USD has tried twice to touch the psychological 1.0600 level since yesterday but failed miserably. First time it had gone as high as 1.0578 and then after a drop to 1.0549 it again recovered but failed strongly at 1.0574 and fell sharplyRead the Rest…

Euro zone Debt Crisis and EUR/USD Outlook – What’s New?

October 23, 2012 11:54 pm GMT+0  in Forex Analysis

EUR/USD had a strong fall, which as of now we will avoid to term as “free fall”. The pair had gone to 1.3139 but could not retest the previous high of 1.3172. This brings the first indication that further consolidation may take. Before analyzing the current price action technically, let’s try to see what ¬†whatRead the Rest…

EUR/USD Today – 2012/10/05

October 5, 2012 4:15 am GMT+0  in Forex Analysis

EUR/USD moved up very strongly yesterday. The upward sentiments were visible earlier during the day but those were fueled during ECB President Mario Draghi’s Press Conference and the currency pair went as high as 1.3031 after breaking over the psychological 1.3000 level. Since then EUR/USD has gone into a sideways mode below 1.3031 and overRead the Rest…

EUR/USD Today – 2012/9/28

September 27, 2012 10:58 pm GMT+0  in Forex Analysis

EUR/USD Today: Today’s outlook for EUR/USD: Yesterday was another mixed day for EUR/USD. The pair had gone down to 1.2828 i.e. 2 pips below the first profit target mentioned in our daily technical analysis but then had jumped strongly by 100 pips to 1.2928. EUR/USD Daily Chart:   Market Highlights: 1) Greece: Greek Prime MinisterRead the Rest…