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Author: Darrell Jobman

Euro Confidence Was Unsettled

EUR/USD The Euro again stalled in the 1.4475 area against the dollar on Thursday and was subjected to heavy selling pressure during the US session with lows near 1.4330 as a weaker Euro was compounded by a generally firmer...

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Dollar Libor Rates Continued to Move Higher

EUR/USD The Euro again moved higher during the European session on Wednesday with support below the 1.44 area against the dollar. There were further reports of Euro buying from Asian central banks as part of their underlying...

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Further Stresses In The Money Markets

EUR/USD The Euro again found support close to 1.4350 against the dollar on Monday and rallied to highs around 1.4430, but it was unable to sustain the advance and dipped back to the 1.4350 region late in New York as caution...

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Further Increase in Libor Rates

EUR/USD The Euro found support close to the 1.4250 area against the dollar on Friday and initially consolidated close to the 1.43 area before moving sharply higher early in the US session with a test of resistance near 1.4450....

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Evidence of Tensions in The Banking Sector

EUR/USD The Euro initially dipped sharply to lows below 1.4350 against the dollar on Wednesday with the currency undermined by sharp losses against the Swiss franc as there was no move to introduce a franc peg. The Euro regained...

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