EURUSD Analysis & News – Euro/Dollar Rate 18th May Forecast A Greek interim government has been sworn in as concerns around the euro-zone crisis continued to add downside pressure to the world financial markets today. Concerns are also growing around a possible run on Greek bank deposits and a lack of European Central Bank (ECB)…
EURUSD Daily Analysis Update European equities dropped and Italian/Spanish bond yields moved higher today as the market was increasingly concerned over the political stalemate which could potentially see Greece as the first nation to drop the European common currency. The Greek government is due to run out of funds as soon as June and Athens…
EURUSD Analysis / News 12th May 2012 The EURUSD currency pair is trading at a 2.41% loss for the month after another bearish week. Price is struggling to re-capture 1.3000 area support which is now potential resistance going forward. Large speculators from the Chicago Mercantile Exchange have increased EUR bearish wagers by over 30% on the…
EURUSD Daily Analysis Update – Forecast 11/5/2012 EURUSD is consolidating just below the key 1.3000 level after printing a daily close under support yesterday. Risk aversion flows have seen the euro/dollar currency pair drop over 2.10% so far this month. Bearish momentum has run out of steam today but the risk remains to the downside…
EURUSD News And Analysis Update 8th May Greece continues to be under focus as it threatens to become ungovernable. The general consensus seems to be that the situation following Sunday’s election means that it is now not feasible to have a viable majority government. The markets do not like uncertainty and this could weigh on…
EURUSD Gap Open On Hollande French Election Win And Greek Protest Vote The 1.2970-1.3000 zone has previously seen strong support for the EUR/USD exchange rate. The dollar has seen this week seen gains against its currency major counterparts and provided a gap open for the euro/dollar pair. The EUR/USD dropped last night as new French…
EURUSD Analysis 5th May 2012 – Triangle Pattern Support Under Pressure The euro/dollar currency pair has closed on Friday at key range support lows after a drop of 1.15% was seen on the weekly basis. Volatility is still low at 203 pips which is 71% of the 26 week average of 284 pips. Friday had…
EURUSD Rate Analysis 30th-April 2012 Analysis update from EURUSD Daily The Euro to Dollar exchange rate has moved lower during the European morning session and is trading down 0.18% at time of posting after covering around half of the Average Daily Range (ADR over 60 days). The Euro is under downside pressure today following a…
EURUSD Analysis Technical Update The EURUSD exchange rate has closed the week at the 50% retrace of the last major swing lower; this is aligned with a previous price structure pivot zone. Thursday gave a pinbar/doji candle at resistance; this gave some initial downside but the overriding trend has been a bullish one this week…
EURUSD News And Analysis – 26th April Outlook EURUSD News Analysis Update From EURUSD Daily FOMC News – Ben Bernanke has stated that the FED are prepared to take additional balance sheet actions if required. Bernanke also advised that they “remain prepared to do more as needed to make sure that this recovery continues and…
EURUSD Analysis Update 24/4/2012 EURUSD Analysis from EURUSD Daily The US Dollar has gained versus the Euro as the EURUSD exchange rate closed lower on the day, this came to be even though news was released saying that the IMF has almost doubled the effective lending capacity of the emergency fund. The IMF has managed…
EURUSD Analysis Update – 21st April Large speculators had added to bearish bets on the EUR, as of Tuesday 17th April, with an increase from 101,364 to 118,125 net short contracts according to the latest CFTC’s commitment of traders (COT) report. The price action as the week progressed has not been inline with this early…
EURUSD News And Analysis 20th April Yesterdays EURUSD update focused on the price action around an Andrews pitchfork we had added. Our analysis pointed out that “a break above this area would in the first instance see a potential move to the upper median line”. The chart below shows how price did move towards the…
EURUSD Analysis 19th April Update Guest post from EURUSD Daily. Lagarde from the IMF advised on Wednesday that $320 billion has been raised to boost firepower/provide sufficient resources in the face of any major crisis. $400 billion is the target as borrowing costs in Spain and Italy have reignited fears that the euro zone crisis…
EURUSD Analysis 17/4/2012 Guest analysis from EURUSD Daily EURUSD came back from a two-month low point on Monday after a failed test on the 1.3000 round number level. Spanish bond yields hit a 2012 peak, with the 10-year jumping to 6.16 percent at one stage, this is the highest level seen since December; however, an intra-day…
EURUSD News Forecast And Analysis 16/4/2012 Guest post from EURUSDDAILY The euro/dollar currency pair has now moved below the double trend line support area we highlighted in the last update. This now has the European common currency exchange rate trading around the psychological round number level following a drop of .4% on the day. The latest CFTC…
EURUSD Technical Analysis The EURUSD exchange rate has seen a strong downside day after failing to close above the 50 EMA daily moving average. Current daily range is 134 pips which is 111% of the average daily range over 60 days. The dollar index (USDX) has likewise seen a solid 111% ADR move with the…
EURUSD Forex Analysis | Forecast | Support And Resistance Analysis from EURUSD Daily Market talk that the upcoming GDP report from China could beat the forecast estimate has supported the EURUSD currency pair today; as has talk that the ECB bond-buying program may be resumed if required. There has also been an article from…
EURUSD Mid-Day Update 10th April Yields on 10 yr Spanish government bonds reached highs not seen since the launch of the ECB’s LTRO during trading this morning. The euro/dollar exchange rate has dropped around 80 pips from the days high as broad based market risk aversion dominated. EURUSD current daily range is approximately 85 pips…
Non Farm Employment Change Under Forecast levels The U.S. Bureau of Labor Non Farm payrolls report has shown that in March only 120k new jobs were actually created, this figure is well under the forecasts of 207k. There was a revision of February’s data to the upside to show 240k jobs created over this period….
NFP Event Risk – EURUSD Above 1.3000 Support Analysis From EURUSD Daily. This post from earlier in the week looks at expectations, forecasts and analysis around the Non Farm Payrolls Report. From a technical perspective – a downside continuation move towards key support range lows, around the 1.3000 level, has materialized since our last technical…
EURUSD Analysis – FOMC Minutes 3/4/2012 Analysis from www.eurusddaily.com There remains a significant quantity of FX event risk in the run up to the April 6th NFP report. The March 13th FOMC meeting minutes are due today and could possibly outline options for additional stimulus moves going forward. The FOMC has eight meetings a year. The Committee…
EURUSD Forecast April 2-6th Fed Chairman Bernanke has reiterated the challenges faced in the U.S and said that any economic recovery could be slower than initially hoped for. Bernanke has noted the main advantages of ongoing accommodation and is seen to have held available the possibility for additional monetary policy easing. The FOMC meeting minutes…
EURUSD Breakout Of Resistance EURUSD News post from EURUSDDaily.com The analysis posted over the weekend pointed towards a weak dollar as per the bearish price action on the USDX and this has come to be with a EURUSD breakout above the 1.3300 previous range highs; this came after Fed chair Bernanke referenced “continued accommodative policies” during a speech and…
Euro COT Report Update Large speculators trading through the Chicago Mercantile Exchange held a net short 82,954 EUR-FX contracts which is a 16% drop on the prior week. This is a $13.7 billion position and shows how the group continues to favor further downside for the EUR FX despite the significant cut in shorts. This…
