Sign inRecent Commentaries tagged (u-s-dollar)
Stock Market: Dow Theory again confirmed an ongoing Primary Tide Bull Market on Wednesday, and the broader market confirmed the uptrend as well
Stock Market: Dow Theory again confirmed an ongoing Primary Tide Bull Market on Wednesday, and the broader market confirmed the uptrend as well. The Dow Theory again confirmed a Bullish Major Trend on 3/17/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average...
A Pause in the Euro's Decline
Just a reminder, these charts are posted as examples of the trades on the nightly COT Signals email. These trades will help illustrate the mechanics that go into creating the nightly email. The Euro Currency has slowly climbed off its lows over the last two weeks. However, nothing has been done,...
Bernanke Comments Negatively Impact Performance of the Dollar
EUR/USD The Euro tested support close to 1.3450 against the dollar on Thursday as underlying sentiment remained negative. There was firm support near this level and it recovered back to highs above the 1.3520 level later in the US session. There were again reports of Euro buying by central banks...
Underlying confidence in the Euro-zone economy remained weak
EUR/USD The Euro was unable to push back above the 1.41 level against the US dollar on Wednesday and remained generally on the defensive during the day. Underlying confidence in the Euro-zone economy remained weak with further unease over the debt situation within Greece and further speculation...
Euro was subjected to renewed selling pressure
EUR/USD The Euro was subjected to renewed selling pressure in Asia on Tuesday as risk appetite deteriorated again and underlying sentiment remained weak. The German IFO index was firmer than expected with a rise to 95.8 for January from 94.6 previously, but the Euro was unable to gain much...
Dollar remained slightly weaker
EUR/USD The dollar remained slightly weaker in early Europe on Monday with greater confidence that Bernanke would be confirmed helping to improve risk appetite and this gave some support to the Euro. There was still a mixed impact on the dollar as confirmation of Bernanke would tend to support...
Overall Confidence in the Economy Will Remain Very Fragile
EUR/USD The Euro was above 1.41 in early Europe on Friday as the currency looked to rebound from over-sold conditions following sharp selling during the week. Underlying confidence towards the Euro-zone remained weak, butt here was no further bad news during the day. The latest industrial orders...
Yen Gained Further Strength
EUR/USD The Euro initially found some support below 1.41 on Thursday and consolidated close to this level in early Europe as technical support in the 1.4070 region held. The Euro then came under fresh attack during the session and weakened to fresh lows later in the European session. The...
Euro Remained Weak
EUR/USD The Euro gapped lower in early Asian trading on Wednesday with a 20-week low around 1.4170 against the dollar before a limited corrective recovery to the 1.42 area in early Europe. Underlying confidence in the Euro-zone economy and Euro remained weak during the day as underlying stresses...
Euro Weakness on the Crosses
EUR/USD Euro weakness on the crosses was still an important feature in early Europe on Tuesday and this was again an important feature in protecting the dollar against the Euro even with the US currency slightly weaker against most currencies. After failing to push above 1.44, the Euro weakened...
Euro Remained Fragile in Early Asian Trading
EUR/USD The Euro remained fragile in early Asian trading on Monday, but found support below the 1.4350 level against the US currency and edged back towards 1.44 in early Europe in cautious trading. There were still important underlying fears surrounding the Euro-zone economy as the Greek debt...
Euro Weakened Again
EUR/USD The Euro weakened again to near 1.44 in early Europe on Friday, undermined in part by rumours of German Chancellor Merkel’s resignation. Underlying confidence surrounding the Greek debt situation also remained very weak and this contributed to downward pressure on the Euro as there was a...
Sterling Maintained a Firm Tone
EUR/USD The Euro again hit resistance above the 1.4550 level against the dollar in early Europe on Thursday and drifted back to the 1.45 region ahead of the ECB interest rate decision As expected, the central bank held interest rates at 1.0%. In the statement following the meeting, President...
Australian Dollar Regained Ground
EUR/USD Regional Fed President Plosser stated that rates would need to rise well before unemployment fell to acceptable levels, but there were still major doubts whether the Fed would tighten policy given the underlying economic stresses. The Euro was near the 1.45 level in early Europe on...
US Currency Secured Limited Net Gains in Asia
EUR/USD The US currency secured limited net gains in Asia on Tuesday before consolidating around 1.45 in early Europe. The Greek government announced that it would launch a fiscal stability plan on Wednesday, designed to cut the budget deficit to around 3% of GDP in three years time. A credible...
