Interbank exchange rates for most currency today.
eur-usd
Posts Tagged ‘eur-usd’
Today’s EUR/USD trading ended in vacillation. The past fews weeks have finally brought the EUR down south. In a thinly traded day like today coupled with low volatily the market produced a lack lustred directionless day.
Who would have thought have thought that the euro would have receded its upward momentum to 1.4690 a few month ago? The last three weeks have seen over a thousand pips shed from the EUR-USD pair. Is this an indication or the sign of a crack on the wall?
European Central Bank have announced her decision to leave interest rates unchanged at 4.25 percent. Traders have expected this but the long anticipated wait is on the ECB president – Jean-Claude Trichet and his subsequent press conference. The keen interests is on his tone and direction of ECB’s economic policy on inflation and growth prospects in the 15-nation single currency zone. Recent weeks have seen some poor economic reports from the Euro-zone economies – an indication that a slowdown is brewing.
Yesterday session saw a very stale trading day with most currency pairs trading within themselves sideways. Not even the Asian market could-start or alter direction in the overnight trades. Yesterday is in the tomb and today is all we have right now but how will it go?
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..
The law of nature has it that what goes up must come down. There is a general consensus that the EUR/USD, euro-dollar is heavily over bought. Is this EUR/USD trend sustainable?
How did you do with the EUR/USD and Cable? I usually do not trade on the longer term trend but could not resist this one. So I played it with low stake, $10. So far, it has raked in this amount of pips, (almost 900 if position were to closed today @1.2928).
I have noticed a turning tide in the last few days on the EUR/USD. which was very visible a couple of year ago when the EURO hit all-time high. With the geopolitical factors and spike in the oil prices especially the Iranian troubles, it will not suprise me to see the height of Dec. 2004 reached again. Further indicators have also shown a bullish move. Read full story..