Bearish News - FX Trading

Sat 23 Sep 2017
FX Trading

Bearish News

Latest 10 news items tagged Bearish

USD/CHF trading around 0.980030 Jul at 4 PM 2012

Following a dramatic fall last week, the USD/CHF rebounded on Monday in European trading, as investors await on news from this week’s Federal Reserve and ECB meetings. The AGE FX Italian team said that in monitoring the spread between the 200-day moving average and the spot price, a very interesting level is approaching. It explained that that level is being near two deviations of the historical average, with vertical bars revealing a highly probable correction at present in which such a technical event occurs. It added that if the...

Euro climbs from two-year low9 Jul at 6 PM 2012

The euro rebounded from a two-year low versus the dollar today, but remained highly fragile on fading hopes that a meeting between eurozone finance ministers on Monday will show any progress in containing the debt crisis in the region. Eurozone finance chiefs will attempt to come up with ideas to reinforce the common currency but their meeting in Brussels may only serve to highlight the limitations of June’s deal to help indebted countries and banks. Lowered hopes also weighed on Italian and Spanish bonds, with yields rising back to...

Euro falls against dollar ahead of ECB decision3 Jul at 6 PM 2012

The euro lost ground on the dollar on Tuesday as investors hedged their bets on the European Central Bank lowering its benchmark interest rate during its meeting on Thursday due to disappointing eurozone data and concerns over a European plan to help indebted countries. Signs coming from the eurozone were largely discouraging, with sentiment staying near the euro bearish. The unemployment rate shot up to a record high in May while factory activity shrunk again in June. That offset any optimism still present from last week’s...

Euro falls for third successive day ahead of summit27 Jun at 6 PM 2012

The euro dropped for the third day in a row versus the dollar today, after spiralling to a two-week low in the previous session, and analysts warned that more losses were expected before a European Union meeting that is unlikely to deliver any resolutions to the debt crisis in the region. It is not expected that common eurozone bonds will be issued after German Chancellor Angela Merkel said that the continent would not share debt liability for as long as she lives. German leaders have cooled expectations that the two-day summit will...

Euro up on dollar for third consecutive day14 Jun at 4 PM 2012

The euro climbed against the dollar for the third consecutive day today as investors continued to take large bearish positions in the lead-up to Sunday’s much-anticipated elections in Greece, but as borrowing costs in pain and Italy still at sky-high levels the single currency’s gains are said to be tenuous. While investors tried to cover bets put on the currency losing value, the outlook for the euro remains negative, particularly after benchmark 10-year government bond yields in Spain reached a euro lifetime high of over seven...

Euro steady but vulnerable13 Jun at 6 PM 2012

The euro was steady today, with bearish investors offloading at higher levels as worries increased that debt contagion would grip Italy and as unease surrounded the eurozone before this weekend’s Greek elections. Even yields on usually safe-haven German bunds went up in a clear indication that investors are feeling gloomier over the eurozone’s prospects. Some claimed this was evidence that the mounting cost of supporting the eurozone was impacting Germany’s creditworthiness. Germany is the largest economy in Europe as well as...

Euro rises from near two year lows25 May at 12 PM 2012

The euro edged up from its near two-year lows versus the dollar today as bearish investors refrained from a sharp sell-off during the week, but concerns about Greece’s possible exit from the eurozone as well as the risk of contagion means gains will be fleeting. The single currency traded at 0.3 per cent higher at $1.2575, rising from $1.25155 the day before, the lowest it has been since July 2010. Traders cited an option barrier at $1.2500 which could see losses checked with offers of roughly $1.2600 and stop-loss orders higher than...

AUD/USD continues to falter21 May at 4 PM 2012

The AUD/USD continued to spiral towards lower ground before beginning of Tokyo trading on Monday. After starting at around 0.9840, there has been quite a steady slide in the sport rate, which last stood at around 0.9800, hitting day lows and nearing the year-low of 0.9794. Falling demand from Chinese consumers for coal and iron ore contracts during a period when stockpiles of copper continue to grow has heightened investors’ hesitation on Australia’s weakening economic prospects. On the upside for Australian dollar, China...

Euro hovers close to four month low18 May at 3 PM 2012

The euro rose from a four-month low versus the dollar today. as investors made bearish bets after earlier drops but worries about Greece remaining in the euro and the Spanish banking system’s instability were likely to ensure it remains under pressure, reports Reuters. Investors opted for the relative safe havens of the Japanese yen and the greenback and were reluctant to purchase riskier assets after Moody’s lowered 16 Spanish banks’ credit ratings on Thursday. The single currency fell to $1.2642, close to its 2012 low, before...

Aussie dollar loses ground on US dollar8 May at 6 PM 2012

The Australian dollar has seen its losses extended against its US counterpart after the greenback opened the day with the AUD/USD dropping from 1.0155 in European trading to break down the support of 1.0120 and test the key level of 1.0100, reports nasdaq.com. The AUD/USD is currently trading at lows for 2012 and at its lowest price since 29 December. The pair is now pricing at 1.0105, some 0.90 per cent less than the opening price action. Technical studies on FXstreet.com reveal an “overbought” and “strongly bearish” pair....