International Business Times
Top Stories
Tuesday, September 7, 2010 | Last Update: 8:35 PM EDT

By FastBrokers House | Today 9:45 AM EDT

EUR/USD suffers psychological setback

The EUR/USD has been dented by a psychological setback today as the currency pair drops back towards 1.27 after Germany's banking association announced that German banks may need an addition $135 billion in liquidity.

Latest Breaking News
  • 8:03 PM EDT By FXWire Pro

    Japan August bank loans fell 1.9 pct y/y

  • 8:01 PM EDT By FXWire Pro

    Japan August M3 money supply grows at 2.1 pct y/y in July versus forecast of 2.0 pct y/y

  • 8:00 PM EDT By FXWire Pro

    TOKYO'S NIKKEI SHARE AVERAGE OPENS DOWN 1.38 PCT AT 9,098.86

  • 7:55 PM EDT By FXWire Pro

    MINISTRY OF FINANCE : JAPAN NET BUYING OF US SOVEREIGN BONDS Y3.5 TRLN IN JULY VS Y2.2 TRLN JUNE

  • 7:50 PM EDT By FXWire Pro

    JAPAN BANK LENDING Y/Y FOR AUG ACTUAL -1.9 PCT (PRIOR AT -1.8 PCT)

Forexperts
Nick Nasad

Nick Nasad | 3:39 pm

Daily Video Recap (9/7): EU Stress Test Questions Pressure Euro, USDJPY Probes Fresh 15-Year Low

The Wall Street Journal said European stress tests for banks understated some holdings of sovereign debt. With German factory orders sliding as well, the Euro was pressured amid general risk aversion.

Fan Yang

Fan Yang | 2:04 pm

Forex Technical Update 9/7/2010 - Greenback and Japanese Yen Gain on Rising Risk Aversion

The Japanese yen is indeed gaining to start the week. The USD is also strengthening in a risk adverse environment. This is reflected in the moves of the EUR/USD, GBP/USD, EUR/JPY and GBP/JPY.

Fan Yang

Fan Yang | 12:20 pm

Weekly Forex Update: GBP/USD; High Grade Copper; Wall Street Cash

After rally through Channel Up resistance at 1.5750, the daily GBP/USD continued higher to the Autochartist Forecast area from 1.5975 to 1.6098 (F).

SWFX Sentiment Index
Live Chart
Poll
  • Our Partners