Forex market analysis

Unrest in Greece Sends Euro Lower

Euro banknotes Unrest in Greece and uncertainty about a Greek bailout deal are weighing on the euro today. Euro is lower as concerns about an incomplete Greek debt deal rise. Additionally, continued strikes in Greece, and general unrest in the country, are adding to worries that the Greek parliament won’t vote to accept new measures stipulated by Eurogroup leade

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US Dollar Gains as Greece Jitters Re-Emerge

US Dollar Gains as Greece Jitters Re-Emerge Earlier this week, many figured that the situation in Greece was pretty much sorted. However, it appears that this isn’t the case. With concerns rising about Greece yet again, the US dollar is gaining as risk aversion rises and Forex traders look for safe haven.

More stipulations for Greece to meet in order to receive ECB bailout funds have been

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Pound Goes Higher as PPI Grows

20-pound banknotes The Great Britain pound rose today as macroeconomic data showed that both input and output Producer Price Index rose in January more than was predicted by analysts.

Both input and output PPI increased 0.5 percent in January. That’s a good result compared to forecast 0.4 percent for input and 0.1 percent for output. The data looks even better consid

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Lira Falls as Bailout for Greece Postponed

Some Turkish 100-lira banknotes The Turkish lira fell today as demand for riskier currencies with higher yield was deterred after the European Union held back the next portion of bailout for Greece.

EU leaders, who were frustrated by political infightings in Greece, postponed the planned €130 billion rescue for the indebted country until the proposed austerity measure would be im

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OpenBook Traders Divided on Greece’s Austerity Resolve

OpenBook Traders Divided on Greece’s Austerity ResolveFebruary 10th, 12:10 pm by Barbara Zigah

OpenBook Traders Divided on Greece’s Austerity Resolve (eToro Blog) In the Eurozone, despite the Greek government’s acquiescence yesterday to economic reforms and more spending cuts, interested parties and investors alike appear to have doubts as to whether or not Greece can live up to its end of the “bargain.” Especially given that it is possible that Greeks ma

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OpenBook’s Aussie Bulls Buy on Dip as China’s Trade Balance Surprises

OpenBook’s Aussie Bulls Buy on Dip as China’s Trade Balance SurprisesFebruary 10th, 11:13 am by Barbara Zigah

OpenBook’s Aussie Bulls Buy on Dip as China’s Trade Balance Surprises (eToro Blog) China’s General Administration of Customs earlier reported that January’s trade balance rose to a 27.30 billion surplus from December’s 16.52 billion, well above the consensus call for a decline to 10.40 billion. With China being Australia’s largest export partner, the news struck the AUD/USD pa

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Aussie Declines After RBA Releases Monetary Policy Statement

Australian coins and banknotes The Australian dollar fell today after the Reserve Bank of Australia released its Monetary Policy Statement, reducing its growth forecast for this year and indicating that it’s ready to ease monetary policy.

The Australian central bank said in its statement:

Largely reflecting developments in Europe, official forecasts for global growth have been r

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