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EUR/USD

Euro Analysis – Market Update, Greece Aid Package, And Legalized Loan Sharking

by Henry Liu on April 27, 2010

Today’s market suffered heavy risk aversion sell offs as Germany said that the aid package for Greece is “not yet a done deal”, plus ratings downgrade of both Greece and Portugal’s sovereign credit worthiness, created the perfect storm that we haven’t seen for quite a while…

The heart of the matter is simple, and it could be summarized up in just one word: “Elections”…  As German politicians campaign for re-elections, aid for Greece became a political tool used to sway public opinion…

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Forex Market Analysis for the week of 02/22/2010

by Henry Liu on February 23, 2010

… Taken from my Weekly Outlook Report February 22~26, 2010…  After this analysis we saw perfect SELL entries on both EUR/USD close to 1.3700 and GBP/USD 1.5580 area…  If you had a chance to read this report before the drop, you’d have been on the right side of the market. 

Written on 02/21/2010 just before the risk aversion sentiment on Monday/Tuesday

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German Prelim GDP q/q & EU Flash GDP q/q 02/12/10

by Henry Liu on February 11, 2010

2:00am German Prelim GDP q/q         Forecast 0.2%   Previous 0.7%
5:00am EU Flash GDP q/q       Forecast 0.4%      Previous 0.4%
Action: N/A

We’ll be looking at both German Prelim GDP for the 4th Quarter 2009 GDP measurement.  Since this is the first release of GDP for the quarter out of Germany, it is more likely to surprise the market than 2nd or 3rd releases.  Since Germany and France are the two largest members of the European Union, their GDP releases makes up over 50% of the entire EU, therefore we’ll be looking at the market during their scheduled release time.

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