Daily Video Recap (4/8): Euro Claws Back Overnight Losses on Growing Greece Concerns


The EUR/USD slid to 1.3280 in today’s trading as overnight pressure built on Greece. The country’s stocks and bonds fell as the risk premium demanded by investors continued to rise. The Euro did manage to pare its losses in NY trading. In other news the BOE held rates steady and posted some strong production data while US jobless claims came in higher than expected. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Daily Video Recap (4/7): Euro Slides Further on Greece Concerns, Loonie Finds Support at Parity


Recap: The EUR/USD slid below 1.3350 in today’s trading continuing its decline from the beginning of the week, while the EUR/JPY was testing the 125 support level. The Pound and Aussie consolidated in today’s trading, while the Canadian Dollar gave back some recent gains after touching 0.9750 against the greenback. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Daily Video Recap (4/6): Aussie Higher On RBA Hike, Euro Slides on Renewed Greek Worries


Recap: The Aussie pushed to its highest level against the US Dollar since mid-January as the RBA hiked rates to 4.25%. Greek bonds and credit default swaps came under renewed pressure following the return of European traders from holiday and the EUR/USD fell to the 1.3350 area. The USD/CAD hit parity, the USD/JPY receded on lower US Treasury yields, and the GBP/USD managed to win back its losses from the overnight session. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

SpotEuro Forex Daily Outlook May 6, 2010


Fear continued to drive the dollar strength yesterday, taking the EUR/USD pair down to 1.28. As weve mentioned, weve been targeting 1.25 for the end of the year, but unless the markets regain confidence in the Euro-zone, we may see that level before the end of May. At this point were looking for a short term rebound to 1.29 and 1.30. The analysis changes daily based on what news comes out pertaining Greece and the bailout package along with the possibilities of future bailouts as well as possible countries withdrawing from the EMU (Greece specifically). At this time, were wondering how Greek protests are going to affect the future of Greece. Once again, only time will tell; until then, we do not advise calling a bottom at 1.28. Ifyoud like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area. Please visit us at www.spoteuro.com