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Euro dollar is in much lower ground after Ben Bernanke made a small positive remark about employment and lowered the chances of QE3. The highly anticipated LTRO came out as expected. Banks are now better equipped for a Greek crash. As there’s not LTRO 3 in sight, the ECB had to return to the markets and lower yields on Portuguese bonds. EU leaders will see if Greece filled the prior actions demanded from it. The ISDA will likely declare an outright Greek default, and trigger CDS, today. It’s also a busy day in economic indicators.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-mar-1-in-lower-ground-after-bernankes-blow-before-greek-cds-call/"]EUR/USD ...

Gold and silver changed direction and plummeted yesterday. The last time gold and silver declined so sharply and promptly was back on December 14th when the FOMC disappointed bullion traders as there were no announcements of QE3. This time was very similar and Bernanke's testimony disappointed traders. Furthermore, ECB announced yesterday the bank will allot €529.5 billion to LTRO – this was higher than expected and may have also affected Euro/USD. Finally, the US GDP 2011 Q4 growth rate reached 3% according the recent update. This news may have also pushed up USD against other currencies and lowered the chances of another QE3. Today there are several items of the agenda worth mentioning including: the US jobless claims weekly update, ...

Forex Trades 03/01 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.3325
[b]Stop[/b]: 1.336
[b]Resistances[/b]: 1.348 - 1.342 - 1.335
[b]Supports[/b]: 1.321 - 1.328 - 1.332

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurgbp"]EUR/GBP - Euro / British Pound[/url][/b]
[b]Entry[/b]: 0.8375
[b]Stop[/b]: 0.8385
[b]Resistances[/b]: 0.8435 - ...