The EUR/USD tested important resistance at the end of today’s session as it remains on the backfoot on debt and growth concerns. The Pound fell to a new low for this week on similar concerns as well.
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Duration : 0:8:1
The Euro slid today as investors and traders focused on the shortfalls in the rescue package and the weaker growth expected if austerity measures are to bring down large deficits. That despite a stronger-than-expected 1st quarter GDP release. The Pound was weaker on similar issues.
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Duration : 0:9:32
The Pound rose against its rivals as the Conservatives managed to get a coalition with the smaller Liberal Democrats with David Cameron becoming the country’s new Prime Minister. The Euro extended yesterday’s declines as investors and traders digested and expressed some doubts and concerns about the the rescue package unveiled over the weekend.
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Duration : 0:8:28
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MT4 EA’s can’t do it (or maybe they can, but they don’t as it’s a very complicated schema requiring a high computational power, which is impossible to obtain on a home PC). EA’s usually take in account only the history of the given pair and that’s all. We believe that the market can’t be described with such a simple math model with one parameter only. It’s a non-linear system like weather or flowing water.
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Duration : 0:1:19
Online seminar about the Forex market and how to succesfully trade using a proven methodology. Presented by The Trading Institute (www.thetradinginstitute.com), this video shows a live trade using the Thinslice Trading methodology, information about the forex, forex brokers, how to trade the market, and forex training and Forex education. To learn Forex and for more info, you can visit the site at www.thetradinginstitute.com or call 1.866.260.9832
Duration : 0:9:55
The Dollar was a main recipient of safe-haven flows as we had further contagion fears in the Euro-zone as Moody’s placed Portugal under review for a downgrade. The EUR/USD hit a 14-month low, and with oil and gold falling commodity currencies weakened as well. US equities managed to cut early losses and by noon NY-time we saw a small counter-rally to the overnight risk aversion.
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Duration : 0:8:24
April 30 (Bloomberg) — Jacques Attali, a former policy adviser to French President Francois Mitterrand, talks with Bloomberg’s Andrea Catherwood about the prospects for a stronger monetary policy in the euro zone.
Duration : 0:4:11
EU finance ministers came to a multi-year $149 billion deal on Sunday regarding Greece, but the Euro fell today as the approval of the agreement moves to Euro nations’ legislatures. In contrast to the Greece bailout, the US posted a strong report on the manufacturing sector as well as positive reports for consumer and construction spending.
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Duration : 0:9:52
The Euro rallies as the Greek government formally asked to receive the bailout funds from the EU-IMF aid package. We also had positive fundamentals from the Euro-zone in the form of the IFO business index and new industrial orders. The Pound slid on weak GDP data, but recovered as risk appetite was stronger in NY trading. In addition to higher US equities the US also posted very strong housing sales data.
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Duration : 0:9:55
Recap: Continued risk aversion from the Goldman Sachs news on Friday and lingering concerns over Greece helped the Dollar to gain against the Euro and commodity linked currencies like the Australian and Canadian Dollars. The Pound meanwhile was weaker on polling data showing a higher chance of a Hung Parliament.
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Duration : 0:9:56