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 

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33 comments:

  1. D22 ZoneFebruary 17, 2011 at 4:41 AM

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

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  2. AnonymousFebruary 17, 2011 at 4:54 AM

    thanks for the info!

    http://sonicalwarfare.blogspot.com/

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  3. Anonymous.February 17, 2011 at 5:39 AM

    What glovey said!

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  4. Patti D.February 17, 2011 at 5:46 AM

    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 :)

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  5. Learnin' German AdminFebruary 17, 2011 at 6:00 AM

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

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  6. BrandonHeatFebruary 17, 2011 at 6:03 AM

    Pretty suprised about the Pound as well.

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  7. Something ConcupiscibleFebruary 17, 2011 at 6:04 AM

    I guess time will tell...

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  8. chantal DFebruary 17, 2011 at 6:38 AM

    the euro should never been released

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  9. Improve your Vocab!February 17, 2011 at 6:42 AM

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

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  10. Tó RockFebruary 17, 2011 at 6:56 AM

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

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  11. AmmmpFebruary 17, 2011 at 6:59 AM

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

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  12. obiFebruary 17, 2011 at 7:07 AM

    yep recovery for sure, thanks for post!

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  13. Brendan McCartyFebruary 17, 2011 at 7:14 AM

    i dont get it, is this good or bad

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  14. PvtCarlinFebruary 17, 2011 at 7:20 AM

    Thank you again for the daily Euro update :)

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  15. BuzzAldronFebruary 17, 2011 at 7:24 AM

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

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  16. PekkaKFebruary 17, 2011 at 7:26 AM

    This should be good for the brits.

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  17. metaphysicalfarmsFebruary 17, 2011 at 7:33 AM

    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.

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  18. l33 v4n cl33fFebruary 17, 2011 at 7:34 AM

    its hard to predict what will be next

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  19. LexingtonianFebruary 17, 2011 at 8:19 AM

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

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  20. The GameFebruary 17, 2011 at 8:56 AM

    Good to know that they are stabilizing

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  21. NeuroFebruary 17, 2011 at 9:40 AM

    Aus v Us dollar keeps going up and down from parity

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  22. AnonymousFebruary 17, 2011 at 9:41 AM

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

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  23. ToomuchtimeFebruary 17, 2011 at 10:15 AM

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

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  24. DragamexFebruary 17, 2011 at 11:02 AM

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

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  25. LifeHacksFebruary 17, 2011 at 12:06 PM

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

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  26. BrendanFebruary 17, 2011 at 12:47 PM

    i love these posts so interesting

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  27. Mr. NobodyFebruary 17, 2011 at 1:01 PM

    Whaaat

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  28. RaZerFebruary 17, 2011 at 1:14 PM

    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

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  29. mtnFebruary 17, 2011 at 1:39 PM

    the euro is definetly one of the most reliable currencies

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  30. AnonymousFebruary 17, 2011 at 1:50 PM

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

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  31. Emijane BoscageFebruary 17, 2011 at 3:31 PM

    Amero bleh. Do not want.

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  32. ChefJRHFebruary 17, 2011 at 3:54 PM

    Hope for some good news for the dollar soon!

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  33. Nik MekeenaFebruary 17, 2011 at 3:57 PM

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

    ReplyDelete

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