FOREX-Euro rebound stalls, focus shifts to EU summit – Reuters

Newswires May 21, 2012 2 Comments

FOREX-Euro rebound stalls, focus shifts to EU summit
Reuters
* Fails to break above Ichimoku tenkan line * Short-covering may lead market ahead of Wednesday's informal summit * Markets will be looking for change of policy stance in euro zone * Concerns about Spain, Greece keep euro under pressure * Dlr/yen may …
Asian Shares Rise; EU Summit Likely To Focus On Keeping Greece In Euro ZoneWall Street Journal

Euro rises from 4-month low against dollarThe Associated Press
Euro rises from a 4-month low vs dollar even as worries about Europe's debt …Washington Post
Zawya (registration) –Economic Times
all 139 news articles »

Share on Facebook

2 Comments

You must log in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Reason for Hopeful Pessimism on Gold

It’s not great, but there are benchmarks that would signal that this pattern may be turning bullish. Subscribers, click here to download the report. Short…

Gold Trader Publication Schedule Note

This report will be posted on Wednesday morning instead of Tuesday this week. I will be on the road all day. I usually travel by…

What I Did Won’t Surprise You, as Buy Signals Surged in Swing Trade Screens

As of Friday, the average gain of open picks and those closed last week was +8.1% with an average holding period of 18 days. This was a strong performance compared to recent weeks, especially so given the rotten market action. The list was on the right side of that.

Here’s Why Truncated 6 and 12 Month Cycles Are Scary

Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.

Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast

The withholding data is the real deal. It continues to show the US economy growing rapidly. Inflation will continue to run very hot, and the Fed will remain under pressure to reduce QE. That showed up this week in Powell’s statement that the Fed will stop saying the bad word, “transitory” because people misunderstand what the Fed means by it. We know otherwise.