Euro News

Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]

The EURUSD is recovering a bit after it had fallen last week but this may not indicate a change of trend in the pair at the moment. The EURUSD is approaching the resistance level 1.2944, which may make a bearish rebound and fall back to the support at the 1.2823 level. If EURUSD breaks that […]

This week’s hurdle proved more resilient, the FTSE100 index struggling to gain traction above 6,700, but we have made much progress. The move up from 6,600 was faster than expected, however, limited gains above 6710/15 for much of the week, all the while with support just 45pts below, suggests we may have had the sideways […]

Pound Sterling – On Monday the Pound was little changed as economists awaited the release of data which was expected to show that the number of people in the UK claiming unemployment benefits fell for a sixth consecutive month in April adding to hopes that the nation’s economy is making a recovery. On Tuesday it […]

The EURUSD continues to weaken and it is possible that we may see further downside in this pair, in the coming sessions. Last week, the EURUSD broke with great force the psychological support (now resistance) at 1.30, opening the way to fall to the next support level at 1.2770. This hypothesis had set last week […]

Up by 0.9% in EU27 In March 2013 compared with February 2013, seasonally adjusted industrial production grew by 1.0% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union. In February3 production increased by 0.3% in both zones. Additionally, in March […]

The upgrade of Greece’s sovereign ratings by one notch to ‘B-‘. Fitch Ratings has upgraded Greece’s Long-term foreign and local currency IDRs to ‘B-‘ from ‘CCC’. The Short-term foreign currency IDR has also been upgraded to ‘B’ from ‘C’ and the Country Ceiling upgraded to ‘B’ from ‘B-‘. The Outlook...

The EURUSD is approaching a very important support, crucial for the overall development of the weekly trend in this pair. The EURUSD had a week’s start, slightly bearish, trying to break the support at the 1.2943 level. It is very possible that this pair is forming a higher low pattern to be able to break […]

Yet another hurdle cleared this week as the UK flagship index went on to make a decisive breach of 6,600. The bulls are loving it, already eyeing up the pre-crisis highs of 6,760 and then even those of 6,940 before the dot.com bust. What has taken the FTSE up another 100 points during this shortened […]

The story has been brewing for a time now and the latest development reveals Slovenia, feared to be the next and sixth country to be bailed out by EU, is doing what it can to avert a financial meltdown that has caused quite a pandemonium in the five countries that secured the same since the […]