Forex Market Updates & Commentary

---

• EURUSD makes it to 1.3407.
• Week Ahead in Trading, this Monday at 9:30am with Greg and Shawn
• EURUSD back to 1.3427 area…
• Report on Bloomberg that Buffett has been approached European banks
• Friday Weekly Forex Wrap up – TODAY at 11:00 AM with Greg and Shawn
• EURUSD rotating back down
• France’s Sarkozy says he urged Papandreuo to implement reforms

EURUSD makes it to 1.3407. Posted: 30 Sep 2011 02:39 PM PDT As we move to the last hour of trading, the EURUSD has made its way to the 50% retracement of the move up from the June 2010 low.    It is month and quarter end but the traders are voting for more downside risk for the pair.  The price is still above the low for the week (low was reached on Monday at 1.33616) but closing near the key 1.3407 level is certainly not a bullish bias.  Weekend risk exists for the pair. On the bearish side include the Greece situation with its contagion effect.  Although they talk and meet and promise about this or that, the recovery in Greece is daunting and likely to lead to a more downside risk. There will be corrections but ironically until there is a definitive solution which will likely include a default, restructuring, recapitalization of banks, the rallies in teh EURUSD will likely be sold.

Week Ahead in Trading, this Monday at 9:30am with Greg and Shawn Posted: 30 Sep 2011 01:11 PM PDT Week Ahead in Trading, this Monday at 9:30am with Greg and Shawn Register now

EURUSD back to 1.3427 area… Posted: 30 Sep 2011 12:17 PM PDT The EURUSD is back down to the 1.3427 support area

Report on Bloomberg that Buffett has been approached European banks Posted: 30 Sep 2011 11:17 AM PDT He commented that he is not a good prospect.  He does not name any banks either.

Friday Weekly Forex Wrap up – TODAY at 11:00 AM with Greg and Shawn Posted: 30 Sep 2011 09:49 AM PDT Friday Weekly Wrap up this Friday at 11:00 AM with Greg and Shawn – Register now

EURUSD rotating back down Posted: 30 Sep 2011 09:20 AM PDT The EURUSD held the 1.3459 resistance target and has rotated back down to the 1.3427 level. This level and the 1.34077 price remains as support for the pair.   It is month/quarter end so there exists the possibility of position squaring.

France’s Sarkozy says he urged Papandreuo to implement reforms Posted: 30 Sep 2011 09:12 AM PDT Greek authorities are ready to work with EU experts Will meet with Merkel in Germany in coming days to work with EU experts I wonder how many times the promises will continue to be made?

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610