• From: Essex
  • Registered: 2009-12-11
  • Posts: 12

Topic: Euro under pressure over continued fears on Greek economic and fiscal

Todays Foreign Exchange Rates

EURO/USD 1.4525-1.4657   

GBP/USD 1.6233-1.6317   

GBP/EURO 1.1112-1.1188

The USD becomes slightly stronger today, ahead of important data on all fronts today. Continued speculation that improved data from the U.S. will allow policy makers in the United States to move away from the ultra low interest rate policy (Fed two day meeting starts today). This positive data will also continue to support the USD exchange rate.

In the UK, the Pound was trading around its technical levels, with resistance against the USD at 1.6300. Now above the  €1.1150     (broken resistance at 1.11). The Euro under pressure over continued fears on Greek economic and fiscal woes. Add to this news out this morning on an Austrian bank being in difficulty.

EUR/USD currently  1.4547. Support 1.4500, resistance 1.4800.

GBP/USD currently 1.6253. Support 1.6000, resistance 1.6300.

GBP/EUR currently 1.1173. Support 1.1100, resistance 1.1350.

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  • Registered: 2011-01-25
  • Posts: 3

Re: Euro under pressure over continued fears on Greek economic and fiscal

Very interesting data...

  • Registered: 2011-01-26
  • Posts: 1

Re: Euro under pressure over continued fears on Greek economic and fiscal

The problem is that we saw Greece coming, the others may catch some by surprise... could be dark days ahead  hmm

While its hard for most to find a job, at least there are still some industries under demand...

  • Registered: 2011-01-24
  • Posts: 22

Re: Euro under pressure over continued fears on Greek economic and fiscal

How did the world end up in such financial mess that does not have solution. UK will not follow Greece. tongue

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  • From: spain
  • Registered: 2011-05-04
  • Posts: 1

Re: Euro under pressure over continued fears on Greek economic and fiscal

The USD has depreciated by a lot this year. Anyone has a clue on what the US government is doing to control the situation?

  • Registered: 2011-03-14
  • Posts: 21

Re: Euro under pressure over continued fears on Greek economic and fiscal

Seek advice from too many sources - multiple input will only result in multiple losses. Take a position, ride with it and then analyze the outcome - by yourself, for yourself.


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  • Registered: 2011-09-07
  • Posts: 8

Re: Euro under pressure over continued fears on Greek economic and fiscal

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  • From: London
  • Registered: 2012-01-29
  • Posts: 1

Re: Euro under pressure over continued fears on Greek economic and fiscal

this pressure will continue next time for new portugal also

regards,
dona
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  • Registered: 2012-02-02
  • Posts: 15

Re: Euro under pressure over continued fears on Greek economic and fiscal

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