Recent Commentaries tagged (euro)
Focus on Greek Debt Negotiations
EUR/USD The Euro found support on dips to the 1.31 area in Europe on Tuesday and, after a spell of range trading, there was a renewed push higher in New York trading. A sharp decline in German industrial production did not have a sustained market impact. There was a continuing focus on Greek debt...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Greek Discussions Continued to Dominate Markets
EUR/USD The Euro was unable to regain ground during the European session on Tuesday and dipped to lows in the 1.3025 area against the US dollar ahead of the US open. Greek discussions continued to dominate markets as the government attempted to reach an agreement on fresh austerity measures. Off...
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Tags: fored | aud | sterling | swiss-franc | yen | usd | euro
US Data Was Much Stronger Than Expected
EUR/USD Consolidation was the dominant theme ahead of the US payroll data on Friday with the Euro unable to sustain a move to the 1.3180 area against the dollar. The Euro-zone PMI services data did not have a major impact as it confirmed that recovery was being led by Germany and France while Sp...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Euro Driven Lower by Investor Uncertainty
The March Euro futures contract is under pressure this morning, but still holding above last week's low at 1.3027. In fact, the market remains inside of a six day range formed by the January 27 top at 1.3237 and the February 1 bottom at 1.3027. The mid-point of this range is 1.3132. This price le...
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Tags: currencies | the-futures-pattern-price-amp-time-report | euro | futures
Further Downward Pressure on the Euro
EUR/USD The Euro spiked higher in European trading on Friday following media reports that China was considering investing in the EFSF and ESM, but it retreated quickly following a more cautious interpretation of the comments from German Chancellor Merkel. There was further downward pressure on th...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Iran, Oil, War, and the U.S. Housing Market
Can you hear it? It is faint, but the beat is growing, and the sound coming our way could have a big impact on the market. Listen, the drumbeat for war is getting a bit louder, and if you have been listening to the republicans running for president, you most certainly have heard the beat. The U...
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Tags: trading-advice | u-s | europe | debt | euro | china | oil | iran
US ADP Employment Report was Slightly Weaker...
EUR/USD The Euro continued to recover ground during the European session on Wednesday and was eventually able to retest resistance levels above 1.32 against the dollar, although the prime market influence tended to be US weakness rather than Euro strength. The Euro-zone PMI manufacturing index ed...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Euro Finishes January with Closing Price...
Entering February traders have two choices. They can either start the month with selling pressure that may retrace 50 percent of the January rally or even further, or they can take out last month's high at 1.3233 and trigger another rally into the major retracement zone at 1.3781 to 1.4055. The c...
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Tags: euro | the-forex-pattern-price-amp-time-report | eur-usd | forex
Euro Fails Once Again at Fibonacci Resistance
The March Euro futures contract is trading lower overnight after testing Fibonacci resistance for the fifth consecutive day at 1.3204. On the downside, the 50 percent retracement level of the 1.3581 to 1.2627 at 1.3094 is the key support. Both of these levels have taken on the characteristics of ...
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Tags: currencies | the-futures-pattern-price-amp-time-report | euro
Stocks Too Expensive? Not In Europe
With the Standard & Poor's 500 Index off to its best January in 15 years, it's getting tougher to find cheap stocks in the United States. But it's not much of a problem in Europe. Sovereign default worries have made the region's shares the cheapest they've been to American investors since 2004. C...
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Tags: europe | euro
Hope Withers for February Market Breakout
Today is the first day of February, right? Yeh, I thought so, but I wasn't sure when the market opened this morning and all three major indices jumped up, reaching toward 52-week highs, and the NASDAQ stepped into territory it has not seen in 11 years. The reason I wasn't sure is the headline of ...
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Tags: trading-advice | u-s | europe | debt | euro | china | oil | iran
No Greek Deal With Private Creditors
EUR/USD The Euro held steady in the first part of the European session on Tuesday and again challenged levels above 1.32, but it was unable to make fresh highs. Although the German unemployment data was better than expected with a decline of over 30,000 for December, the other data was less favou...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Dollar Managed to Secure Some Recovery From...
EUR/USD The Euro remained generally on the defensive during Monday and dipped to lows near 1.3070 during US trading as the dollar also managed to secure some recovery from losses late last week. There was still no agreement between the Greek government and private-sector creditors which undermine...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Sharp Drop in Portuguese Lending
EUR/USD The Euro found support on dips to just below the 1.31 level against the dollar during Friday and pushed higher again during the US session. There were further suggestions that a Greek private-sector debt deal was in prospect, but there were no announcements of an agreement during Friday o...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro | usd
Dollar Was Still Under Pressure
EUR/USD The Euro maintained a firm tone in Europe on Thursday with strong buying support ahead of the US open as it pushed to fresh one-month highs in the 1.3170 area. The dollar was still under pressure following the more dovish than expected Federal Reserve statement while the Euro gained suppo...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
