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Forex: EUR/USD eases further after Cyprus vote deferral

FXstreet.com (Barcelona) - The single currency is back to the area around 1.2935/40 after the Cypriot Government postponed today’s parliamentary vote on the bailout. The next likely date still remains unclear as sources vary from Tuesday to Friday.

Uncertainties are hence increased while investors focus on the re-open of the domestic banks after today’s holiday.

The cross is now losing 1.03% at 1.2940 and a dip beyond 1.2881 (low Dec.10) would expose 1.2878 (low Dec.7) and finally 1.2848 (Lower Bollinger).
On the flip side, resistance levels are located at 1.3013 (MA10d) en route to 1.3090 (MA21d) and then 1.3129 (MA100d).

Forex: USD/CHF approaching 0.9450 zone again

With the 0.9450 zone offering resistance to the upside, the USD/CHF eased as as the European session opened, being hampered by the 0.9420 surrounding area. Out this morning was EMU trade balance data.
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Cyprus might reduce savings levy on smaller deposits; bailout vote postponed

Eurogroup’s Saturday controversial decision to impose a one-time tax on all bank deposits in Cyprus, as a condition for granting the distressed country a 10 billion euro bailout, has been causing considerable risk aversion on the markets and a sharp fall in the euro on Monday.
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