FOREX-Greek woes drag euro to near 4-mth lows; Aussie dips – Reuters

Newswires May 14, 2012 1 Comment

FOREX-Greek woes drag euro to near 4-mth lows; Aussie dips
Reuters
* Euro falls below $1.29 to lowest in nearly 4 months * Political risk factors to undermine euro * Aussie dips below parity, hits 5-month low By Anirban Nag LONDON, May 14 (Reuters) – The euro fell to a near four-month low on Monday as political …
Shares waver, dollar dips amid Greek worriesABC Online

Strategists Lower Australian Dollar ForecastsWall Street Journal
Aussie Falls Below U.S. Dollar Parity on Greek ConcernsBloomberg
BusinessWeek –Ninemsn
all 264 news articles »

Share on Facebook

1 Comment

Pingback:FOREX-Greek woes drag euro to near 4-mth lows; Aussie dips … | Daily Finance News - Forex Stock Market

You must log in to post a comment.

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

Stock Market on the Brink

From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.

Get Ready for the Coming Bond Market Bloodbath

Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.

Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.

Constructive Signs for Gold Digging

The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive

Lots of Sell Signals Again From Friday’s Swing Trade Screen

Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.