Recent Commentaries tagged (sterling)
Tensions Will Inevitably Remain High
EUR/USD The Euro was confined to narrower ranges on Wednesday as technical factors tended to dominate with selling pressure an any approach to the 1.33 area against the dollar while retreats continued to attract firm buying support. Greek negotiations continued during the day while there were a ...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | 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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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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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
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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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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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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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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Risk of Fresh Trade Tensions
EUR/USD The Euro hit resistance above 1.3020 against the dollar in Europe on Wednesday and there was only a brief advance following the better than expected German IFO survey. The currency then traded with a weaker bias ahead of the US open as Euro-zone structural fears persisted. There were con...
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Further Debate Surrounding the Greek...
EUR/USD The Euro challenged resistance levels above 1.3050 against the dollar in Europe on Tuesday before being subjected to sharp losses in choppy trading conditions. The Euro secured initial support from the latest flash PMI data which recorded an increase in the manufacturing component to 48.7...
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Further Focus on the Greek Debt Restructuring
EUR/USD There was further solid Euro demand in European trading on Monday which pushed the currency to challenge 2012 highs and a break above the 1.30 level triggered further stop-loss Euro buying. There were further gains for European stocks as liquidity conditions improved and this had an impor...
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Selling Pressure Resumed
EUR/USD The Euro was unable to extend gains early in Europe on Friday and dipped sharply back to the 1.29 area against the dollar ahead of the US open as selling pressure resumed. There were expectations that Greek negotiators would be able to reach a deal during Friday and there were rumours of ...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Rise in Portuguese Yields to Record Highs
EUR/USD The Euro found support in the 1.2750 region against the dollar on Wednesday and challenged resistance levels above 1.28 as there was further pressure for a covering of short positions given the huge positioning bias in favour of Euro selling. There were reports that the IMF was seeking ad...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
