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EUR Short Squeeze Too Far?

Posted by Forexsq 4 days ago (http://forexblog.oanda.com)
img forexsq.com - This market needs to catch its breath after the selling pressure across currencies and the blood bath in equities this week. It can be rather monotonous to listen to the euphoric rants of the EUR bear. To date, it has been an unfair playing field. They have all the negative ammunition. For the bulls, it seems they have to wait for that squeeze going just a wee bit too far to the lef

Euro Touches 4-Month Low After Fitch Downgrades Greece

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img forexsq.com - The euro sank to a four-month low, extending declines to a third-straight week, amid concern Europe’s sovereign-debt crisis is worsening.

The 17-nation currency declined to the weakest in three months versus the yen after Fitch Ratings downgraded Greece’s long-term credit rating, citing heightened risk that the nation may not be able to sustain membership in the monetary union. J

Dollar stays on fire, set for 15th day of rally

Posted by Forexsq 3 days ago (http://www.marketwatch.com)
img forexsq.com - The U.S. dollar continued blazing its trail Friday, further extending its longest rally since at least 1985, as raging fears about the euro-zone’s troubles and deep losses for Asian equities lured investors into currencies believed to be safer.

The ICE dollar index DXY +0.02% , a measure of the greenback’s performance against a basket of six major global currencies, rose to 81.61

Euro Crisis Resolution Sought by Franco-German Leaders

Posted by Forexsq 22 hours ago (http://www.bloomberg.com)
img forexsq.com - German and French leaders meet this week to map out a revised plan for the euro as the Group of Eight exposed disagreement on a rescue strategy, Greece lurched toward a possible exit and Spain’s budget deficit widened.

German Finance Minister Wolfgang Schaeuble will for the first time discuss the 17-nation currency at a meeting with his newly installed French counterpart, Pierre

FOREX-Euro bounces off 4-month low, but remains under pressure

Posted by Forexsq 22 hours ago (http://www.reuters.com)
img forexsq.com - Euro off 4-month low, helped by short-covering. * IMM net euro short positions hit record high. * Markets cautious despite G8 pledge to combat market turmoil. The euro extended its rebound from last week's four-month low on Monday but investors remained concerned over the financial turmoil in Greece and Spain, drawing little comfort from a broad G8 pledge to take steps to fight the

Yen Drops Versus Peers on Prospects BOJ to Add Stimulus

Posted by Forexsq 22 hours ago (http://www.bloomberg.com)
img forexsq.com - The yen dropped versus all of its major counterparts amid speculation the Bank of Japan (8301) will add to stimulus measures this week to support growth and weaken the nation’s currency.

The yen trimmed its gain from last week against the U.S. dollar before a May 23 report that may show Japan had a trade deficit for a second-straight month. Demand for the euro was limited ahead o

U.S. investors hang on Europe after bruising week

Posted by Forexsq 22 hours ago (http://www.marketwatch.com)
img forexsq.com - After the worst week of the year for U.S. stocks, investors will be looking for signs of whether the U.S. economy can continue to recover in the face of ongoing uncertainty about Greece, Spain and global growth prospects.

U.S. reports on key sectors of the economy could influence sentiment, though bigger risks revolve around whether Europe can stabilize its banking system and res

Euro recovers from lowest since January

Posted by Forexsq 9 hours ago (http://www.marketwatch.com)
img forexsq.com - The euro gained ground Monday, after floating between positive and negative territory, rising from its lowest level against the dollar since January.

Strategists warned, however, that more pressure may be in store due to continued uncertainty over Greece’s fate within the euro zone and jitters over the region’s banking system.

The dollar index DXY -0.17% , which measures the U

Dollar snaps stellar run in ‘absence of bad news'

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img forexsq.com - The U.S. dollar drifted lower in Asian trading on Thursday, after notching up its longest run of gains in more than two decades, as a pause in Europe-related downbeat news helped lift the mood across asset markets.

The ICE dollar index ICE -0.25% , which measures the greenback against a basket of six currencies, traded at 81.256, down from 81.359 in late trading on Wednesday.

Dollar Falls From 4-Month High Versus Euro; Yen Declines

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img forexsq.com - The dollar retreated from a four- month high against the euro after minutes from the last Federal Open Market Committee meeting showed some policy makers said further easing may be needed should the economy lose momentum.

The yen weakened against the majority of its 16 major peers amid speculation the Bank of Japan (8301) may add stimulus next week. Governor Masaaki Shirakawa sai

David Cameron: it is 'make or break' for the euro

Posted by Forexsq 5 days ago (http://www.telegraph.co.uk)
img forexsq.com - David Cameron has warned eurozone leaders it is now “make or break” for the single currency as the financial turmoil threatens to cause another global meltdown. The Prime Minister will say in a speech today that the eurozone is “at a crossroads” and he is ready to do “whatever is necessary to protect this country”. Mr Cameron’s intervention comes after Sir Mervyn King, the Governor

Germany will blink, and won’t let Greece exit euro

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img forexsq.com - It doesn’t take long for an idea to become an accepted fact in the markets.

Six months ago, talk of Greece leaving the euro was seen as so unlikely nobody had to think seriously about. Now the ‘Grexit’ — as a Greek exit from the euro has been dubbed — is increasingly seen as a done deal.

Citibank rates the chances as high as 75% that Greece will leave the single currency in t

Dollar moves higher on Greek fears

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img forexsq.com - The U.S. dollar marched further uphill Wednesday, with the Australian currency among the major losers, as the fear of a fresh Greek election and a reported jump in Greek bank withdrawals sapped investors’ risk appetite.

The ICE dollar index DXY +0.28% , which measures the greenback’s performance against a basket of six other major currencies, rose to 81.328, up from 81.286 in Nor

Euro Reaches Four-Month Low Amid Greek Government Concern

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img forexsq.com - The euro fell to the lowest level in almost four months after Greece’s political leaders failed to form a ruling coalition, deepening speculation the country will have to leave the currency bloc.
Demand for the euro was damped before Greek leaders seek agreement today on an interim government that will schedule new elections. The Dollar Index extended its longest stretch of daily a

Dollar extends 11-session winning streak

Posted by Forexsq 6 days ago (http://www.marketwatch.com)
img forexsq.com - The dollar index extended an 11-session streak of gains in Asian trading hours on Tuesday while the euro weakened, as investors continued to fret that Greece’s political stalemate will see the country exit the euro zone.

The ICE dollar index DXY -0.17% , which measures the greenback against a basket of six currencies traded at 80.676, from 80.612 in late North American trading on