http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/05/06/EUR/USD The pair finished the week higher, after the release of much better than expected NFP report from the US, as well as dovish FOMC statement weighed on the USD. This week saw the ECB cut the main refi rate by 25bps to 0.50% and also cut its marginal lending rate to 1.00% from 1.50%. The ECB also said it kept an open mind in regard to negative deposit rates. However the following day, comments from Nowotny caused a bit of a stir, who, together with Liikanen downplayed the significance ofMon, 06 May 2013 05:56:00 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/05/06/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/04/19/EUR/USD The pair settled the week little changed, but crucially above the key 1.3000 level which suggests that the range bound price action will continue in the near term. In terms of macroeconomic commentary, ECB's Liikanen has said the ECB is prepared to look at new ways to ensure the transmission of its monetary policy and added that central banks can buy corporate bonds, citing holdings by the Bank of Finland. Separately, ECB's Weidmann said that the ECB may reassess interest rates if dataFri, 19 Apr 2013 14:46:33 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/04/19/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/04/05/EUR/USD The release of less than impressive jobs report from the US, which weighed on the USD, as well as the short squeeze that ensued following the conclusion of the press conference from Draghi ensured that the pair finished the week higher. The move higher was also driven by the scaling back of option volatility plays following the conclusion of the risk event (ECB meeting), the pair was also supported by comments from Draghi who noted that commitment to Euro is largely underestimated.Fri, 05 Apr 2013 15:06:13 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/04/05/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/03/22/EUR/USD The pair staged an impressive recovery rally on Friday on the back of touted repatriation related flows as banks in Europe sought to boost their cash holdings in case liquidity in the interbank market dries out in an event that the ECB turns off its ELA program to Cypriot banks next week. According to government spokesman, Cyprus is in final stage of talks with Troika. Cyprus presidency says there is an agreement with Greece to spin off Greek units of Cypriot banks, bill to spin offFri, 22 Mar 2013 16:51:39 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/03/22/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/03/18/EUR/USD Even though the pair settled the week with a small net gain, the pair remains in a bearish pattern. Technical support levels are seen at 1.2879 which is the December low and then the November low at 1.2661. On the other hand, near-term resistance levels are seen at 1.3134 which is the March 8th high and then at 1.3150. In terms macro economic commentary this week, Fitch said that global economy is lagging financial recovery and revised down its forecasts for Eurozone for both 2013 andMon, 18 Mar 2013 08:17:40 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/03/18/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/03/11/EUR/USD The pair was on track to settle the week higher but pared the uptrend observed from Monday to Thursday after the release of better than expected US NFP data on Friday lead to broad based USD strength. The strength observed earlier in the week was in part on the back of speculation that the BoE will have its mandate altered when Carney takes over in July, and also after the decision by the governing council to keep the key rate unchanged prompted an unwind of downside bets. The pairMon, 11 Mar 2013 07:58:42 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/03/11/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/25/EUR/USD The release of better than expected macro economic data from Germany, as well as decent demand for the latest debt offering by the Spanish Treasury failed to prop up the pair as market participants continued to pare longs and turned more bullish on the USD. The surge by the USD index, which gained around 1% this week was partly driven by the release of the latest FOMC minutes, which showed that several on FOMC said the Fed should be prepared to vary pace of QE. In terms of technicalMon, 25 Feb 2013 08:22:23 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/25/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/22/EUR/USD The release of better than expected macro economic data from Germany, as well as decent demand for the latest debt offering by the Spanish Treasury failed to prop up the pair as market participants continued to pare longs and turned more bullish on the USD. The surge by the USD index, which gained around 1% this week was partly driven by the release of the latest FOMC minutes, which showed that several on FOMC said the Fed should be prepared to vary pace of QE. In terms of technicalFri, 22 Feb 2013 16:41:47 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/22/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/08/EUR/USD The pair settled lower after market participants digested Draghi's comments on CPI following the latest interest rate decision where the governing council voted to keep the benchmark rate unchanged. Of note, Draghi said inflation has eased and that inflation rates to fall below 2% in coming months. He also added that the ECB will monitor EUR level for inflation risk and wants to see if appreciation will alter CPI price risks. In other news, EU leaders have agreed broad framework for aFri, 08 Feb 2013 15:30:08 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/08/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/04/EUR/USD The pair settled the week with solid gains after a number of large DNT options and barriers were erased which consequently lifted gamma and saw the 1-month risk/reversal trade at its highest level in almost 3-years. The risk on sentiment was in part supported by the latest HSBC Manufacturing report from China, which hit a two-year high, as well as an encouraging set of EU related PMIs. Of note, the latest MRO/3-month LTRO operations garnered more attention than usual this week asMon, 04 Feb 2013 08:02:55 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/02/04/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/25/EUR/USD The release of an encouraging IFO and ZEW reports from Germany, as well as the 1st LTRO redemption announcement from the ECB, which saw EUR 137.2bln repaid by 278, underpinned buoyant investor sentiment in Europe this week. Market participants also reacted positively to the fact that both Spain and its Iberian neighbour Portugal were able to tap capital markets with a syndicated bond placement. Of note, although a higher LTRO redemption amount which was announce on Friday has pushedFri, 25 Jan 2013 16:56:41 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/25/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/21/EUR/USD Even though the ECB kept its key benchmark interest and the deposit rate unchanged, the press conference has sent the EUR bid across the board, with the EURIBOR strip trading heavier as participants price-in lower expectations of expansionary monetary policy. Draghi said that the ECB rate decision was unanimous, implying that no members made a request to cut rates. He also added that the fragmentation is being gradually repaired, and there is significant improvement in the financialMon, 21 Jan 2013 07:48:33 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/21/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/14/EUR/USD Even though the ECB kept its key benchmark interest and the deposit rate unchanged, the press conference has sent the EUR bid across the board, with the EURIBOR strip trading heavier as participants price-in lower expectations of expansionary monetary policy. Draghi said that the ECB rate decision was unanimous, implying that no members made a request to cut rates. He also added that the fragmentation is being gradually repaired, and there is significant improvement in the financialMon, 14 Jan 2013 07:36:06 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/14/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/04/EUR/USD The pair settled the week lower but crucially above the psychologically important 1.3000 level as market participants booked profits following a sharp rally after investors reacted positively to a deal which averted the so-called fiscal cliff. In addition to that, the USD index surged as market participants reacted to the FOMC minutes which suggested that policy easing measures may come to an end as early as this year. The minutes of the Fed's Dec. 11-12 policy meeting showed thatFri, 04 Jan 2013 16:42:48 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2013/01/04/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/12/14/EUR/USD The major pair heads into the close of the week with firm gains of close to 250 pips, as the Eurozone is seen taking one step closer to financial and fiscal federalism as a political agreement is struck between the European leaders on banking supervision. Additionally, the pair’s incline has been magnified by the FOMC-actions this week weakening the USD against most major currencies, as the USD-index dips below its 200DMA. The pair broke through 1.30 with relative ease on Wednesday,Fri, 14 Dec 2012 16:08:50 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/12/14/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/12/07/EUR/USD The pair settled the week lower as markets reacted to comments from Draghi who said that negative interest rates on deposit facility were discussed. Consequently, Euribor strip turned bid as markets re-priced chances of negative deposit rates in the future and the EONIA 6th FWD rate fell into negative territory. ECB's Draghi also said that inflation is expected to fall below 2% in course of 2013. Which given the central bank's price stability mandate should in turn should allow the ECBFri, 07 Dec 2012 17:11:59 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/12/07/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/26/EUR/USD The pair settled the week higher on the back of growing hopes that lawmakers will finally put their differences aside to ensure that at least in the near-term Greece doesn’t face solvency crisis. On that note, a source from the Greek finance ministry said international lenders are mulling a EUR 9bln return of ECB profits and up to EUR 8bln in interest rate cut on loans among measures to cut Greek debt. International lenders are also mulling cutting Greek debt by EUR 10bln via debtMon, 26 Nov 2012 07:27:18 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/26/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/16/EUR/USD The pair settled the week in minor negative territory as market participants reacted negatively to the fact that lawmakers in Europe have failed to reach an agreement on Greece. Talks are set to resume again next week, however some officials have already stated that decision is unlikely to be reached. Still, this week saw Greek meet Friday’s redemptions, after the debt agency PDMA sold EUR 5bln of T-bills. In other Greek related commentary, it was reported that Germany is contemplatingFri, 16 Nov 2012 16:06:00 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/16/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/09/EUR/USD The pair settled the week lower as market participants continued to fret over the never-ending sovereign debt crisis, which is again gathering negative momentum as evidenced in bond and credit markets. Also, it was reported that the decision on Greek aid will not be taken during the Eurogroup meeting scheduled for November 12. Still, EU official said that there will be no Greek default on November 16th (EUR 4.1bln redemptions) and that this redemption is to be "factored in" decision onFri, 09 Nov 2012 16:31:43 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/09/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/02/EUR/USD After breaking out of the relatively tight range which the price action was locked within for much of the week on Friday meant that the pair not only settled with a net loss for the week but also below the psychologically important 1.3000 level. Implied vols recovering off lows after the DNT option between 1.2880/1.3040 was erased, in tandem with that, EUR/GBP breached the 0.8000 to the downside, aided by an encouraging Construction PMI report from the UK. Also, press reports whichFri, 02 Nov 2012 16:12:56 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/11/02/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/29/EUR/USD The pair is due for another volatile week and as weeks go on without an official request for a bailout from Spain will likely result in a renewed speculative attack on bonds issued by the Spanish Treasury. As such, particular attention should be paid not only in 10s, but also in the short-end of the curve, where the compression in spreads on the back of the so-called Draghi-put is beginning to wane. Also, it remains unclear as to how lawmakers plan to proceed with Greece and whether orMon, 29 Oct 2012 07:31:41 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/29/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/26/EUR/USD The pair settled lower, as market participants were left disappointed yet again that Spain has again refused to announce that it is to request a full scale bailout. While reports that Greece is to get a 2 year extension to its bailout program, Moody’s downgrade of several Spanish regions, as well as reports by El Confidencial that Spain are to miss their EU-imposed 2012 deficit target of 6.3% by one percentage point weighed on the pair. Also of note, the release of this week’s PMIFri, 26 Oct 2012 15:40:20 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/26/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/22/EUR/USD The pair settled the week with a net gain of around 150pips as EURophoric sentiment dominated with market participants adjusting risk premia after Moody’s affirmed Spanish sovereign rating. In turn this prompted aggressive tightening in credit and bond markets, short-covering, as well as touted buying from Asian central banks. In terms of EU macro data, the ZEW survey from Germany has also provided some support, with economic sentiment improving beyond expectations, as risks to theMon, 22 Oct 2012 06:35:50 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/22/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/12/EUR/USD The pair settled the week with minor losses but in close proximity to the 1.3000 level as market participants remained hopeful that Spain will soon request a full scale bailout. S&P ratings agency downgraded Spanish sovereign rating, which failed to push the government into action. There is still plenty of uncertainty surrounding Greece, which is yet to agree on spending cuts which are needed in order to receive the next bailout tranche. In terms of technical levels, supports areFri, 12 Oct 2012 15:00:29 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/10/12/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/09/14/EUR/USD Snowball effects were observed across the FX market in the closing stages of the week, with aggressive USD debasement evident throughout the session on Friday, as market participants reacted to the latest announcement in relation to yet another QE program from the Fed. As a result, EUR/USD continued to squeeze higher, also benefiting from likely reduction in the rate-differentials. The pair also benefited from the fact that the Constitutional Court in Germany allowed the ratificationFri, 14 Sep 2012 15:48:04 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/09/14/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/08/31/EUR/USD The pair finished the week higher as markets continued to react positively to more reports that the ECB is considering informal, flexible targets for yields on shorter-maturity bonds. The pair also benefited from comments by China’s Wen, who said that China is willing to invest in the European bond market. This week’s economic data did little to influence the price action and instead it was speculation of easing from the ECB that remained the dominant theme right through to Friday’sFri, 31 Aug 2012 18:25:42 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/08/31/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/08/17/EUR/USD The pair settled the week higher as market participants continued to speculate of an imminent bailout of Spain. According to analysts and strategists at an influential think tank, they suggested that there will be a major intervention in the Spanish bond market once the official request is made. Apart from supporting the pair, this also resulted in a significant reduction in shorter-dated bond yields in Spain. There were also reports that Spain is to accelerate the bank bailout and isFri, 17 Aug 2012 15:25:57 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/08/17/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/07/25/EUR/USD The pair settled the session higher after ECB’s Nowotny argued the case for an ESM banking licence. In addition to that, the pair was supported by a formal denial from the Spanish government that it is to seek a full sovereign bailout, contrary to overnight reports in El Economista. The moves were further assisted by a tightening in the peripheral 10yr government bond yield spreads against the Bund, with both the Spanish and Italian 10yr yields declining through the morning alongsideWed, 25 Jul 2012 15:20:56 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/07/25/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/07/24/EUR/USD The rating agency moves, as well as softer Euro-zone PMIs and reports that Spain is considering requesting a full international bailout have weighed on the riskier asset classes, taking EUR/USD back below the 1.2100 level. According to Spanish press reports, if the ECB does not resume its bond- buying programme in Spain, the government would consider seeking a full sovereign bailout. Moody's have lowered the outlook on Germany, Netherlands and Luxembourg's Aaa rating to negative fromTue, 24 Jul 2012 15:28:42 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/07/24/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/07/20/EUR/USD The pair settled the week lower as concerns over the Iberian Peninsula continued to drive investors away from the joint block currency. By the closing stages of the week, the Spanish 10yr government bond yield broke back above 7.00% after the Treasury sold bonds with weaker demand and higher yields early in the week. In other news, it was suggested that the Netherlands is studying the possibility of getting a collateral deal with Spain in the bailout of its banks following in Finland'sFri, 20 Jul 2012 15:32:21 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/07/20/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/06/22/EUR/USD The relief rally which ensued following the Greek elections lasted no more than few hours before market participants turned their attention back on the banking system in Spain. As a result, yields on the benchmark 10 year Spanish paper briefly traded above the psychologically important 7% mark before speculation that the EU are getting close to agreeing using the ESM and the EFSF to purchase peripheral debt causing yields on both Italian and Spanish bonds to fall. Still, despite theFri, 22 Jun 2012 16:09:18 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/06/22/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/06/15/EUR/USD Last weekend’s reports that the Spanish banking system will receive as much as EUR 100bln in aid failed to quell fears of a Eurozone break up and the pair was subject to a somewhat volatile price action throughout the week. This week saw Moody’s cut Spain’s rating three steps to Baa3, one level above junk, from A3. In turn, Spanish bond yields continued to rise and the benchmark 10y topped highs printed back in Nov-11, shortly before the ECB announced its 3y LTRO program. In additionFri, 15 Jun 2012 15:49:29 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/06/15/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/06/08/EUR/USD Even though developments this week indicated that Spain is edging towards a bailout for its banking system, the pair settled the week little changed after Fed’s Bernanke downplayed speculations that the Fed will announce another QE program. While the ECB kept the benchmark borrowing rate unchanged at 1% and also refrained from announcing another 3y LTRO program, which also weighed on riskier assets. Reports by various analysts suggested that anything between EUR 40-80bln may be neededFri, 08 Jun 2012 16:20:35 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/06/08/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/25/EUR/USD The pair finished the week sharply lower and briefly traded below 1.2500 level (22-month low) as market participants continued to speculate that the never ending Greek debt saga will end up leading to a disorganised Greek-Euro exit. The weaker European data (PMIs and German IFO), as well as reports that losses from Spain could range between EUR 218-260bln, while the OECD slashed growth forecasts for Euro-area were the main drivers. The OECD also noted that the ECB has room for furtherFri, 25 May 2012 16:22:22 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/25/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/18/EUR/USD The pair settled the week with a net loss of around 200 pips after it was confirmed that the country is to hold yet another round of elections in June, as such, a caretaker is to takeover the running of the country until then. Still, despite the speculation, the country managed to meet its maturing debt obligation and so the credit event was avoided. Nevertheless, it remains to be seen whether Greece will remain in the Eurozone. Apart from fretting over the political instability inFri, 18 May 2012 16:22:02 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/18/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/14/EUR/USD The pair settled the session sharply lower as market participants reacted negatively to the lack of progress in the formation of the collation government in Greece, as well as weekend state elections in Germany which saw voters shift leftward. The risk averse sentiment saw the pair erase option barriers at 1.2875 and 1.2850 level. Of note, it was reported over the weekend that Greece’s potential Euro exit is to cost states EUR 276bln, while ECB’s Honohan says that a Greek Eurozone exitMon, 14 May 2012 15:35:11 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/14/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/11/EUR/USD The pair finished the week lower as lawmakers in Greece struggled to form a coalition government which in turn raised concerns that the country may end up defaulting on its looming financial obligations. To add to the above stated concerns, the Troika have cancelled their May mission to Greece on the grounds of political instability endangering the rescue effort, while other reports indicated that that German coalition lawmakers are open to a Greek exit. Still, some tentativelyFri, 11 May 2012 16:08:23 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/11/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/04/EUR/USD The pair finished the week with a net loss of around 200pips amid an influx of risk averse trade flows following the release of much weaker than expected PMIs across the Eurozone, which may prompt the ECB to downgrade growth forecasts when the council meets again in June. Despite the neverending sovereign debt crisis in the Eurozone, ECB’s Draghi refrained from announcing another round of monetary easing, but warned that the outlook remains vulnerable to downside risks. The head of theFri, 04 May 2012 16:17:09 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/05/04/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/04/27/EUR/USD In spite of starting the week on the back foot following the collapse of the government in Netherlands, together with the fact that Hollande toped first round of the French presidential vote with 27%, the pair settled higher on the back of growing speculation that the ECB will support the peripheral Eurozone via another round of aggressive bond purchases in the near future. Also, less than impressive PMI data did little to boost investor sentiment for the joint EU bloc currency.Fri, 27 Apr 2012 15:33:49 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/04/27/http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/04/06/EUR/USD While concerns over the Eurozone and in particular Spain’s ability to meet its deficit targets depressed investor sentiment for riskier assets, the pair settled the week higher as speculation that the IMF will be able to secure more funds saw the pair post solid gains on Friday’s session. In addition to that, this week saw the release of better than expected German ZEW and IFO surveys which underpinned the view that despite uncertain economic conditions in the peripheral Eurozone, theFri, 06 Apr 2012 07:03:36 GMThttp://www.fxstreet.com/technical/market-view/contact@talking-forex.com (Talking-Forex.com)http://www.fxstreet.com/technical/market-view/weekly-fx-wrap-up/2012/04/06/