1. EUR pairs rebound as solid demand for Spanish bonds eases fears. Resistance for EUR/USD seen around 1.2920. 2. Gold reached 1 month high yesterday but subsided as oil embargo against Iran was delayed by Europe. 3. Economic calendar for today: 13:30 GMT US and Canadian trade balance.
1. On Saturday China cut its required reserve ratio demanded from Chinese banks. The result is a gap up in EUR/USD, AUD/USD and other pairs.2. Deal with Greece is expected to be approved later today.3...
1. Bank of Japan's decision to buy additional assets and solid U.S. economic data pushed the USD/JPY further up. USD/JPY is now trading above 79.00. Resistance seen at last intervention high near 79.5...
1. The Bank of Japan decided on additional assets purchase of long term Japanese government bonds (JGBs). The market did not expect that. The result: USD/JPY jumped close to 78.2. EUR/USD drops after...
1. Greece is a never ending story. Deal struck, but creditors seek for commitment for the process from Greek politicians. They demand additional government cuts of 325 millions of Euros. 2. AUD/USD dr...
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