Author: Darrell Jobman

EUR/USD The Euro was unable to make a fresh challenge on levels above 1.4250 in Europe on Friday and dipped sharply during the session. The currency was vulnerable to profit taking and a correction following the very strong...

EUR/USD The dollar was unable to gain any traction in Europe on Thursday and remained under pressure through much of the day. Underlying sentiment remained extremely negative following the Federal Reserve decision to boost...

EUR/USD The dollar found support weaker than 1.4050 against the Euro ahead of the FOMC statement on Wednesday with a covering of short positions in evidence, but there was solid Euro support close to 1.40 as underlying US...

EUR/USD The dollar failed to secure any fresh support during Tuesday and weakened steadily in US trading with the Euro able to break above the 1.40 level, helped in part by a favourable technical outlook. There was renewed...

EUR/USD The Euro was unable to break above the 1.40 level ahead of the US open on Monday and edged weaker with markets still looking to cover excessive short dollar positions ahead of major event risk this week. The data on US...

EUR/USD The dollar held broadly steady ahead of the US GDP data on Friday with markets reluctant to make any aggressive plays given the risk of volatility in the New York session. Within the Euro-zone, leaders agreed that a new...

EUR/USD The Euro found support close to 1.38 against the dollar on Thursday and steadily during the US session as the US currency was subjected to renewed selling pressure. Uncertainty surrounding Federal Reserve’s policy...

EUR/USD The Euro remained on the defensive during Wednesday with some improvement in dollar sentiment and a re-emergence of Euro-zone doubts. The Greek Finance Ministry stated that revenue growth had been weaker than expected...

EUR/USD The Euro was unable to make a fresh challenge on resistance levels near 1.40 during Tuesday and was generally on the defensive with no support from stronger than expected Euro-zone industrial orders data. The Euro was...

EUR/USD The Euro was unable to make a challenge on resistance levels near 1.41 against the dollar on Monday and weakened back to the 1.40 area early in the New York session. There were comments from an IMF official that the Euro...