Sign inRecent Commentaries tagged (sterling)
Dollar Dipped to a Six-Week Low on a Trade-Weighed Basis
EUR/USD The dollar was generally weaker during Wednesday and dipped to a six-week low on a trade-weighed basis. The Euro also pushed to a high above 1.38 against the dollar in early Europe, but was unable to sustain the gains and drifted weaker during the day. German government spokesman Wilhelm...
Evidence of Japanese Exporter Selling
EUR/USD The Euro held a steady tone in early Europe on Tuesday. The German ZEW index was firmer than expected at 44.5 for March which had some positive impact on Euro sentiment even though this was slightly lower than 45.1 for February. EU Finance Ministers agreed an emergency loan-support...
EU Finance Ministers Meeting Will Be Watched Very Closely
EUR/USD The Euro edged slightly lower in early Europe on Monday as risk appetite was generally weaker. During the day, the Euro also registered sharp losses on the crosses which was an important factor in pulling it weaker against the dollar. As underlying tensions surrounding the Greek debt...
Yen maintained a generally weaker tone on the crosses
EUR/USD The Euro maintained a firmer tone in early Europe on Friday and challenged resistance levels above 1.37 against the US currency. Risk appetite was generally firmer during the day which provided some support to the Euro. The latest Euro-zone industrial production data was also stronger...
Fears over the Euro-zone eased slightly
EUR/USD The Euro found support above 1.36 against the dollar on Thursday and had a generally firmer tone, although it was unable to make strong headway as ranges were generally narrow. Fears over the Euro-zone eased slightly, although there was still a high degree of caution, especially with...
Euro was able to stage a technical recovery during the day
EUR/USD The Euro again dipped to test support below 1.3550 against the dollar on Wednesday and the US currency was also unable to sustain a break below this level for the second day. The Euro was able to stage a technical recovery during the day, bolstered by the ability to hold support and...
Continuing lack of confidence in the Euro-zone economy
EUR/USD The Euro was unable to make any headway in early European trading on Tuesday and there was a renewed test of support close to the 1.36 level. The Euro was subjected to further selling pressure during the Europeans session with a low close to 1.3535. There was a continuing lack of...
Euro maintained a firmer tone
EUR/USD The Euro maintained a firmer tone in early Europe on Monday as French President Sarkozy pledged support for Greece. The Euro also gained some support from generally firm global risk appetite. The Euro-zone economic data was mixed with the Sentix business confidence index slightly...
Payroll data was slightly stronger than expected
EUR/USD The currency markets were generally quiet ahead of the US employment data release with the Euro holding just above 1.3550 against the dollar. The payroll data was slightly stronger than expected with an decline in employment of 36,000 for February after a revised decline of 26,000 the...
US payroll data will be watched closely
EUR/USD The Euro failed to extend gains in Asian trading on Thursday and weakened toward the 1.3650 region against the dollar ahead of the ECB interest rate decision. The central bank interest rate decision was in line with expectations as interest rates were left on hold at 1.00%. The bank...
The Greek government confirmed that it would make a further EUR4.8bn in budget cuts
EUR/USD The Euro found support below the 1.36 level on Wednesday and maintained a generally firmer tone during the day in a continuing correction from recent lows. The Greek government confirmed that it would make a further EUR4.8bn in budget cuts in order to curb the budget deficit and this...
The domestic economic data recorded a larger than expected decline in unemployment
EUR/USD The Euro hit resistance above 1.3550 in early European trading on Tuesday and again dipped sharply ahead of the US open as a break of support near 1.35 triggered stop-loss selling. The Euro dipped to a low just below the 1.3450 which was a fresh 10-month low. There was no follow-through...
Important developments on the crosses
EUR/USD The Euro was unable to push above the 1.3650 level against the dollar on Monday and was subjected to sharp selling pressure ahead of the US open with a slide to a low near the 1.3450 level. There were important developments on the crossesas the dollar gained strongly against Sterling....
US data was mixed and may have undermined the dollar slightly
EUR/USD The Euro found support below 1.3550 during Friday and maintained a firmer tone during the day. The Euro spiked higher to a peak around 1.3680 late in the US session before dipping back slightly. The heavy speculative positioning in favour of the dollar will maintain the risk of sharp...
Sterling Euro - some direction at last?
Sterling Euro looks poised - for a further weakening of Sterling The Technical Trader's view: MONTHLY CHART After the bull surge for the Euro from the completed Head and Shoulders Reversal the market has been consolidating in a large triangle since the beginning of 2009. Triangles tend to be...
