Euro Crisis

The EURUSD is approaching very important levels and forming important patterns, which could set the trend for the long term. On the weekly chart, the EURUSD stays below the 200 day moving average and as we can see clearly, has finished forming a head and shoulders pattern, very important to help us analyze the trend […]

Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]

This week’s hurdle proved more resilient, the FTSE100 index struggling to gain traction above 6,700, but we have made much progress. The move up from 6,600 was faster than expected, however, limited gains above 6710/15 for much of the week, all the while with support just 45pts below, suggests we may have had the sideways […]

Pound Sterling – On Monday the Pound was little changed as economists awaited the release of data which was expected to show that the number of people in the UK claiming unemployment benefits fell for a sixth consecutive month in April adding to hopes that the nation’s economy is making a recovery. On Tuesday it […]

Up by 0.9% in EU27 In March 2013 compared with February 2013, seasonally adjusted industrial production grew by 1.0% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union. In February3 production increased by 0.3% in both zones. Additionally, in March […]

The upgrade of Greece’s sovereign ratings by one notch to ‘B-‘. Fitch Ratings has upgraded Greece’s Long-term foreign and local currency IDRs to ‘B-‘ from ‘CCC’. The Short-term foreign currency IDR has also been upgraded to ‘B’ from ‘C’ and the Country Ceiling upgraded to ‘B’ from ‘B-‘. The Outlook...

The story has been brewing for a time now and the latest development reveals Slovenia, feared to be the next and sixth country to be bailed out by EU, is doing what it can to avert a financial meltdown that has caused quite a pandemonium in the five countries that secured the same since the […]

“An extension of the deadline avoids the need for a forced sale or flotation while markets are weak”. Ratings agency Fitch have today argued that Lloyds and RBS are likely to join the ranks of the banks that have had to request from the European Commission an extension of the deadline originally set for the […]

In the yesterday’s session, the EURUSD had sideways movements, clearly demonstrating indecision among investors due to economic data “mixed” come from both Europe and North America. There is a strong support at the 1.3004 level, if the EURUSD does make a breakout of this support with bearish candlestick, might take a fall to the level […]

In the yesterday’s session, the EURUSD had a bearish day, thanks to economic data that did not favor this pair. The EURUSD is facing a very important: The support at the 1.2995 level. If the EURUSD does a breakout in this support, it is likely that the EURUSD can fall to the next support level […]