EUR/USD off highs on Greece delay
EUR/USD moved off session highs on news that Greek leaders' meeting on the bailout package has been delayed to Wednesday. EUR/USD had reached its highest level since mid−December at 1.3269 during the New York session...
Euro rises on hopes of near Greek resolution
The euro was boosted on Tuesday by the news that the Greek government is preparing a final draft of the bailout agreement, which will be presented to the party leaders and discussed at a meeting scheduled for 20:00 GMT.
Bernanke persists in pessimistic outlook on US economy
In a speech delivered on Tuesday before the Senate Budget Committee, Fed Chairman Ben Bernanke largely repeated his remarks from his last week's appearance before the Senate Budget Committee.
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| GMT | Vol. | Event | Actual | Con. | Prev. | |
|---|---|---|---|---|---|---|
| Feb 7 | ||||||
| 15:00 | US | 3 | Fed's Bernanke testifies | |||
| 15:00 | US | 1 | IBD/TIPP Economic Optimism (MoM) | 49.4 | 48.3 | 47.5 |
| 20:00 | US | 2 | Consumer Credit Change | $7.70B | $20.37B | |
| 23:30 | AU | 2 | Westpac Consumer Confidence | 2.4% | ||
| 23:50 | JP | 2 | Trade Balance - BOP Basis | ¥-585.1B | ||
| 23:50 | JP | 1 | Current Account n.s.a. | ¥336.9 | ¥138.5B | |
| Feb 8 | ||||||
| 00:01 | UK | 1 | BRC Shop Price Index (MoM) | 1.7% | ||
| 05:00 | JP | 2 | Eco Watchers Survey: Current | 47.4 | 47.0 | |
| 05:00 | JP | 2 | Eco Watchers Survey: Outlook | 45.5 | 44.4 | |
| World Interest Rates | |||||||
|---|---|---|---|---|---|---|---|
| US: 0.25% | EMU: 1% | UK: 0.5% | JP: 0.1% | CH: 0% | CA: 1% | AU: 4.25% | NZ: 2.5% |
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Forex Visionaries: 'It is still premature for China to become the first power'
“The development of the FX market far exceeds my imagination” says Lan Yee Chan, who joined the ranks of FX traders in the 1970s, shortly after the abolition of the gold standard.
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EUR/USD rises above Fibo level, 1.3290 is next by FXstreet.com
EUR/USD rallied during the American session amid optimism that a Greek bailout deal could be near and after Bernanke...
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