Thursday, February 17, 2011

Euro and Pound pulling back

European markets have opened Thursday's session with marginal gains as upbeat earnings by Nestle and Cap Gemini have lifted market sentiment, which was slightly negative on escalating tensions in the Middle-East.

Eurostoxx 5'0 Index adds 0.2%, while the French CAC Index edges 0.1% up, and the German DAX practically flat. In the UK, the FTSE Index is less than 0.1% higher one hour after the opening bell.

Better than expected quarterly earning figures by Nestle and Capgeminy have increased confidence on the improvement of global economy, although markets remain cautious, holding their breath amid rising tensions on the conflictive Middle-East area, as news about warships on the Suez Canal have arisen concerns in Israel.

Euro and Pound pulling back

EUR/USD recovery from 1.3430 low on Monday extended to a fresh week-high at 1.3610 on early Asian session, to ease afterwards retreating further at European opening, reaching day lows at 1.3535 so far.

GBP/USD sell off from from 1.6185 high yesterday, found support at 1.5985 low, and the pair bounced up on US session to consolidate around 1.6100 in Asian session, easing at European opening to test 1.6085 day low.

USD/JPY recovery from 81.10 low on early February reached fresh 2011 highs at 83.90 yesterday and the pair pulled back on US session, and consolidate around 83.60.

source: http://www.fxstreet.com 

33 comments:

  1. The Pound pulling back? Are you sure? :P Our currency is crap! :P

    ReplyDelete
  2. thanks for the info!

    http://sonicalwarfare.blogspot.com/

    ReplyDelete
  3. What are you talking about? pound FTW! I'm sure half of europe are regretting getting rid of their own money and using the euro. It's great being able to print your own money :)

    ReplyDelete
  4. hm.. i'm wondering how this will continue...

    ReplyDelete
  5. Pretty suprised about the Pound as well.

    ReplyDelete
  6. the euro should never been released

    ReplyDelete
  7. great info! this is where i come now to read up on currency development and news.

    ReplyDelete
  8. Do you think it is a good time to iniciate myself on forex?

    ReplyDelete
  9. Hmm.. printing your own money? fuck, if thats the case, everyone would have unlimited money! TROLL SCIENCE IN THE WORKS

    ReplyDelete
  10. yep recovery for sure, thanks for post!

    ReplyDelete
  11. Thank you again for the daily Euro update :)

    ReplyDelete
  12. Better the Pound than the Dollar... oh... wait... nevermind.

    ReplyDelete
  13. This should be good for the brits.

    ReplyDelete
  14. I'm worried about france and spain. if they fall... Germany can't be far behind... Europe is teetering on the precipice and I'm not sure how it will go? I need more coffee to cheer me up.

    ReplyDelete
  15. its hard to predict what will be next

    ReplyDelete
  16. Really hope the dollar gets stronger. It's making me not want to visit europe this summer.

    ReplyDelete
  17. Good to know that they are stabilizing

    ReplyDelete
  18. Aus v Us dollar keeps going up and down from parity

    ReplyDelete
  19. It's quite surprising the US is pulling up with Egypt's chaos and the middle east in general.

    ReplyDelete
  20. Well I guess our products will be attractive to American buyers again?

    ReplyDelete
  21. Very Interesting! Keep digging and writing and I'll keep following, brotha!

    ReplyDelete
  22. The us will start using the Amero soon....North American Union is a fact!

    ReplyDelete
  23. i love these posts so interesting

    ReplyDelete
  24. I'm sad to see the pound pulling up as I want to visit England sometime soon and would like it to be a little cheaper :D

    ReplyDelete
  25. the euro is definetly one of the most reliable currencies

    ReplyDelete
  26. Yeah, I guess the one nation money will take over.

    ReplyDelete
  27. Hope for some good news for the dollar soon!

    ReplyDelete
  28. Wow blog! I am gonna start following you! Check out my blog to if youd like :)

    ReplyDelete