EURUSD Sells Off Sharply At Resistance, ECB Could End Rate Hikes (Links/Charts)

EURUSD couldn't break above the 7/26 high (1.45358) this morning and sold off sharply. It testing the first uptrend line on the chart. I'm not sure what the exact catalyst was, but this could be it: "Euro Weakens as Trichet Spurs Bets Interest Rate Rises Over; Franc Gains" (Bloomberg.com). Read more articles after the charts.


EUR/USD (courtesy of FreeStockCharts.com)



Euro-Zone Economic Sentiment Slumps -European Commission (NASDAQ)

EU Seeks Action on Greek Deal (Finland is demanding collateral for Greece's second bailout) (WSJ)

FOREX: Euro retreats from day's high, stung by econ risks (Reuters)

European Banking Authority (EBA) chief Andrea Enria says inject EFSF capital directly into banks  (Welt.de, Financial Times Germany translate)

Futures Drop Before Data, Fed Minutes (WSJ)

Jakobsen Says ECB May Enact QE to Help Bank Funding (Bloomberg Video)

European Banks Need Bigger Greek-Bond Writedowns, IASB Says (Bloomberg)

FOREX: Euro at Risk as Debt Fears Return, US Dollar May Rebound (Daily FX)

Richard SulĂ­k (SaS): Slovakia resists Greece rescue (Welt.de, translate) 8/27/2011


Related Posts

Comments

HTML Comment Box is loading comments...