EUR/USD

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EUR Declines On Morning Trades

Thursday, April 24th, 2008

Is this the first sign of the EUR crack in an overbought and overpriced currency? For two consecutive sessions running, it seems the EUR  is experiencing two consecutive days of decline.
After the Asian session this morning, the European session opened tentatively with the German Ifo Business Climate Index Report lurking at 8am GMT.
The report fell short of expectation as indicated […]

EUR: Is This Trend Sustainable For the Long-term

Monday, April 14th, 2008

The EUR upward surge in the face of a down-beat global economic climate is one of bemusement. In forex trading there are many factors to directional movement. At a time when the macro economic data does not tally with the rally we shall investigate the whole spectrum. The question is, “What has been the intrinsic prime-mover in the EURo zone?”

In […]

EUR Numbers: French Report Still Falls Short

Monday, April 7th, 2008

The French Balance of Trade report better than expected slightly and still triggers a mild sell-off on the EUR/USD but since recovered. See full Reports here.. 
French Feb trade deficit 2.765 bln euros vs revised 3.183 bln Jan deficit
(Adds breakdown)
PARIS (Thomson Financial) - French provisional, seasonally-adjusted trade figures for February showed a deficit of 2.765 billion euros compared with […]

EUR Set To Re-Test Points This Morning

Friday, April 4th, 2008

The EUR has set itself for a bullish re-test for a possible 1.5707 and 1.5780 resistance levels on the Fibonacci pivots this morning.
This chart, (click chart to enlarge) indicates a setup for north-bound re-run but at lacking the energy because people are still waiting in the wings for today’s reports. At the moment, the market continues to […]

USD, Dollar Gains Reprieve

Tuesday, April 1st, 2008

USD, dollar gained a stay of execution today  amid recent challenges. It fared very well against other currencies especially the yen, JPY.
At some point today it was +241 pips up. An experience that has not been for a while. It also held grounds against the EUR while the pounds, GBP vaccillated within +100 pips range.
These moves were severely orchestrated by […]

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