By Ben Levisohn Japan’s currency slid against the 16-nation common currency as
Olli Rehn , who takes over as European economic affairs commissioner tomorrow,
said Greece has to “do the necessary measures” in exchange for the EU’s
support. European Central Bank
Key Technical Levels The 38.2% Fibo extension of the 1.1723-1.0203 decline is
providing solid resistance and an ideal target level for high frequency
traders. Short-term trend line support (1/19, 2/3 lows) has limited downside
risks. The USD/CAD has started to settle into a 125 pip
Feb. 9 (Bloomberg) -- The euro rose the most in almost a month versus the
dollar on speculation European officials meeting this week will agree to assist
Greece in tackling its budget deficit. Japan’s currency slid the most against
the euro in more than two months after a European Central
With so many countries releasing trade numbers this week, we thought it would
be interesting to look at how trade balances of various countries compare. On
the most fundamental level, currencies move on supply and demand and there is
no greater demand for currencies than for
Top Stories Euro rallies on hopes for EU summit on Thursday Asian equities
slightly lower but Europe up on summit hopes Oil at $72.40/bbl Gold holds
steady at $1068/oz. Overnight Eco JPY Prelim Machine Tool Orders up 192% EUR
German Final CPI -0.6% as expected EUR
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of Greece, Portugal and
Spain at a meeting of government heads on
* Asian shares escape worst of Wall Street selloff SYDNEY, Feb 9 (Reuters) -
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of
• Euro Finds Little Consolation from EU Finance Ministers’ Greek Guarantees at
G7 • Japanese Yen: Lending Troubles another Road Sign to the Next ‘Lost Decade’
• Commodity Currency Policymakers Start Rolling Back Emergency Aid Dollar
Advances for a Fourth Consecutive Session
The closing of the local market a handful of points higher yesterday (it was up
7.3 points at 4521.4) brought the Australian Securities Exchange's benchmark
S&P/ASX 200 Index back to almost exactly where it was a week earlier. In
between times, billions of dollars were made and lost on
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
By Ben Levisohn Japan’s currency slid against the 16-nation common currency as
Olli Rehn , who takes over as European economic affairs commissioner tomorrow,
said Greece has to “do the necessary measures” in exchange for the EU’s
support. European Central Bank
