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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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Euro Archive
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Euro Climbs Higher
Posted on July 8, 2010 | No CommentsWhile bullish momentum seems to be slowing down on the euro, traders have a few major headlines to stay on top of over the next couple weeks. Today’s rate decision by the ECB was rather uneventful and the euro crawled slightly higher. Jean-Claude Trichet also... -
Eur/Usd: Euro Seems Strong
Posted on July 6, 2010 | No CommentsThe parity made correction movements despite shallow market yesterday.Today increase potential may come back. Especially we are targeting 1,27 level on behalf of bullish market.To sum up as long as we stay above 1,2456 our first goal will be 1,2762. However if the market does... -
1.2500 Now Becomes Support for the Euro
Posted on July 3, 2010 | No CommentsThe euro managed to rally rather strongly against the U.S. dollar this week. While 1.18 seems like a long time ago, the markets have now shifted towards a weaker dollar based on all of the negative housing, employment and manufacturing reports in the U.S. The... -
Weekly Technical Update: Greenback Showing Weakness, Euro Hanging Tough
Posted on July 3, 2010 | No CommentsThere continues to be risk aversion, but the greenback is not benefiting. The greenback started the week gaining, but lost its appeal towards the end of the week. The EUR/USD reflects this volatility. The euro had some surprising strength and with broad USD weakness, the... -
Mid-Day Report: Euro Extends Rally as NFP Risk Cleared
Posted on July 2, 2010 | No CommentsEuro extends rally against dollar in early US session as non-farm payroll risk is cleared. Job report in US showed -125k contraction in June, worse than but not far from expectation of -110k. Unemployment rate unexpectedly dropped from 9.7% to 9.5% comparing to expectation of... -
Euro Continues To Gain Due To Little Thrust On USD
Posted on July 2, 2010 | No CommentsEuro Zone Unemployment figures headline the economic calendar in European hours, with expectations calling for the jobless rate to hold steady at a record-high 10.1 percent in May. A pause in unemployment’s two-year advance would hardly signal brighter prospects for the region however as the... -
Mid-Day Report: Euro Rebounds on ECB Six Days Loan, USD/JPY Broke 88
Posted on July 1, 2010 | No CommentsEuro rebounds strongly today on news that ECB is going to grant 78 banks EUR 111.2b of funds for six days to assist them in coping with expiry of the 12 month loan which totals EUR 442b. The announcement overshadowed downgrade risk of Spain and... -
Mid-Day Report: Euro Rebounds after Positive ECB Tender But Lost Momentum after Disappointing ADP
Posted on June 30, 2010 | No CommentsEuro recovered strongly earlier today after ECB said that EUR 131.9b loan will be provided to banks in the three-month tender, less than half of markets estimate of EUR 300b. The lower than expected amount was viewed as an encouraging sign that banks in Europe... -
Mid-Day Report: Swissy Franc Makes New Record High against Euro, Quiet Elsewhere
Posted on June 28, 2010 | No CommentsMarkets are generally quiet today except that Swissy Franc is lifted by comments from SNB board member Jean-Pierre Danthine and jumped to new record high against Euro. Danthine echoed recent SNB comments that "deflationary trends have practically disappeared." Also, he said that Swiss exports had...