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Forex Playbook: March 28-03 - Currency Pairs of Interest This Week EUR/USD, GBP/USD and AUD/USD

Despite new highs on the Dow and S&P 500, risk aversion dominated the Forex marketplace last week. The US dollar pushed ever higher against its major counterparts, as growing concerns over the Greek debt crisis and a credit downgrade for Portugal weighed on investors. In the current quarter, the euro has slipped 6.8 percent against the dollar - the largest quarterly decline since 2008 - reflecting a general preference in the marketplace for the perceived safety of US assets.

EUR/USD bullish ???

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Did you also keep your breath during the last days and thinking: „How far will EURUSD further fall? I can quieten you - thanks to the common solution of the EU for Greece there was some climbing up of the crosspair. Also if that were only 30 pips compared with the last high of Thursday, but anyhow. How is it going on? Should the course further win, I could expect chances into the direction of 1.3520, 1.3570 or 1.3680 as shortterm targets.

Euro extends gains; stocks firm

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The euro rallied further on Monday from 10-month lows, buoyed by a burst of short-covering as the quarter draws to an end, while Chinese shares hit two-month highs as investors welcomed the launch of a futures index.
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Early child-parent attachment affects behavior, especially for boys

The quality of the relationship between children and their parents is important to children's development, but past research on the link between attachment and development has been inconsistent. Now a new analysis concludes that children, especially boys, who are insecurely attached to their mothers in the early years have more behavior problems later in childhood.
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British Airways cabin crew stage second strike

British Airways cabin crew began a four-day strike on Saturday, the second walkout this month that will cost the company millions of pounds and lead to more travel chaos before the busy Easter holiday period.
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India to expand basmati rice markets to boost export

India, world's largest producer of aromatic, premier variety basmati rice, is planning to expand its market by exporting to two more countries and increasing shipments to existing country, said APFPEDA official on Friday. State run Agricultural and Processed Food Products Export Development Authority (APFPEDA) said that Mexico has contracted for the basmati rice and China is expected to open a market for premium rice soon.
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EUR/USD – what is coming next?

After a sideways range in the morning between 1.3283 and 1.3347 the cross-pair broke out into the direction of „northern regions, but nothing more. This was not a trading day as I expected before.Alltogether the cross-pair recovered of its blessures. Supported by political announcements of financial help for Greece of the EU. In the evening EURUSD reached about 1.3280.
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Euro zone hopes Greece deal will impress market

Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece.
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Daily Forecast - 26/3/2010

The Aussie dollar clawed back some of its losses in Asia yesterday climbing back above 91 cents as commodity prices steadied and the RBA painted a positive picture of the Australian economy.
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British parties imitate Obama in e-election

U.S. President Barack Obama's use of the Web on his way to the White House in 2008 has inspired British political parties to ramp up their digital campaigns for a general election expected in May.
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The Dollar Prophecy: What the Surging US Dollar Signals for Global Equities

Over the past 18 months, the inverse relationship between the US dollar and global equities markets has proven to be the single constant in an otherwise uncertain economic climate. When equities markets reached their nadir in March, 2009, the US dollar was sitting atop its highest levels, though much of that value would be lost in the equities-rebound that would follow.
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Euro falls amid EU woes, Asian shares falter

The euro fell to a new 10-month low against the dollar on Thursday as Portugal's credit downgrade added to worries about debt in Greece and elsewhere in Europe, hitting riskier assets such as shares and commodities.
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Daily Forecast - 25/3/2010

Despite several attempts to recapture the 92 cent level in Asia yesterday the Aussie dollar retreated and opens this morning back below 91 cents on technical support at 0.9080.
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Vaccine deal could save 900,000 lives by 2015

(Reuters) - Drugmakers Pfizer and GlaxoSmithKline signed a landmark 10-year deal on Tuesday to supply 60 million doses a year of cut-price pneumococcal vaccines to developing nations.
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Breast cancer screens don't save lives: study

(Reuters) - Nordic scientists said on Wednesday they had found no evidence that screening women for breast cancer has any effect on death rates, adding to an already fierce international debate about routine testing.
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Rio trial ends, verdict could take some time

The trial of four Rio Tinto executives ended in Shanghai on Wednesday, with three contesting charges of stealing commercial secrets in a case that has highlighted China's sensitivities over its rich steel sector.
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Greece woes push euro to 10-month low

The euro sank to a 10-month low against the dollar and a lifetime trough versus the Swiss franc on Wednesday as speculation Greece may have a difficult time securing debt aid highlighted instability in the euro zone.
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Euro struggles at 10 month lows, Greece drags

The euro hit 10-month lows against the U.S. dollar on Wednesday as investors doubted a solution for Greece's fiscal woes was on the cards, with the cautious mood holding Asian stocks below two-month highs.
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Daily Forecast - 24/3/2010

The Aussie dollar continued to pull back in early offshore trade weighed down by persistent selling in EUR/USD to eventually find a bottom around 0.9135 against the Greenback.
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Fans flock to SXSW festival in record numbers

For fans that crowded into Austin's streets, clubs and even churches last week, the South by Southwest Festival was about drinking a lot of beer, eating barbecue and hearing some of the world's hottest bands.
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No trademark infringement by Google: EU court

Google has not violated the rights of luxury goods maker Louis Vuitton and two other firms by allowing online advertisers to buy search keywords identical to trademarks, Europe's top court said.
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Fans flock to Texas SXSW festival in record numbers

For fans that crowded into Austin's streets, clubs and even churches last week, the South by Southwest Festival was about drinking a lot of beer, eating barbecue and hearing some of the world's hottest bands.
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UK Internet TV project submits plans to watchdog

Britain's consumer watchdog is to investigate plans for a proposed joint venture aimed at giving Internet access to digital TV in a move that will allow critics such as pay-TV firms to voice concerns.

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