Author: Darrell Jobman

EUR/USD The Euro was unable to make headway ahead of the US open on Friday and dipped to support levels in the 1.3220 area as fear remained the dominant influence. There was another very weak auction of Italian debt with the...

EUR/USD The Euro gained temporary support from the German IFO business confidence survey on Thursday which recorded a rise to 106.6 for November from 106.4 the previous month, contrary to expectations of a further monthly...

EUR/USD The Euro was confined to familiar ranges during Tuesday as the currency failed to sustain a move above the 1.3550 area against the dollar and retreated towards the lower end of the range with a particularly sharp decline...

EUR/USD The Euro was subjected to renewed selling pressure during Monday as risk conditions continued to deteriorate, but the currency again proved resilient and bounced strongly from support levels. The Euro was undermined...

EUR/USD The Euro continued to resist selling pressure for much of Friday with support on dips to below the 1.3480 area and there was a surge higher ahead of the US open. There were media reports that a plan to increase ECB...

EUR/USD There was further choppy trading conditions against the dollar on Thursday with the Euro broadly resilient despite a further increase in underlying stresses. There was a weak Spanish bond auction which pushed yields...

EUR/USD The Euro was subjected to choppy trading during Wednesday and, although the currency did retreat to a five-week low against the dollar, there was buying support on dips which continued to confound many analyst...

EUR/USD The Euro was subjected to renewed selling pressure on Tuesday. The GDP data was broadly in line with expectations with a 0.2% expansion for the Euro area as a whole as France and Germany managed a solid expansion. There...

EUR/USD The Euro was unable to make any further attack on resistance towards 1.38 against the dollar on Monday and was subjected to substantial selling pressure during the day. The Italian government did secure a solid response...

EUR/USD The Euro found support below 1.36 against the dollar on Friday and was generally stronger during the day as immediate fears surrounding Italy eased. The Italian Senate approved the government’s austerity packaged,...