Author: Darrell Jobman

EUR/USD The Euro corrected stronger to a peak above 1.2920 against the dollar in early Europe on Thursday, but was unable to sustain the advance and weakened to test support levels below 1.28 ahead of the US open. There was a...

EUR/USD Risk appetite faltered in Asian trading on Wednesday and the Euro retreated back towards the 1.31 area against the dollar as confidence in the global economy deteriorated. The US trade deficit for June was sharply worse...

EUR/USD The Euro retreated further to 1.3150 in Asian trading on Tuesday as the global risk environment was less favourable and there was a covering of short dollar positions. There was inevitably caution surrounding the FOMC...

EUR/USD The Euro continued to probe resistance levels in Asian trading on Monday.  The Euro-zone data releases were also generally favourable with a stronger than expected reading for the Sentix business confidence index...

EUR/USD The Euro drifted slightly weaker in early Europe on Friday, although movement was inevitably limited ahead of the US payroll data with no test of major support levels. A weaker than expected German industrial production...

EUR/USD The Euro dipped to lows near 1.3120 against the dollar in early Europe on Thursday before finding support. A favourable Spanish auction outcome and robust German industrial orders data helped trigger a revival in the...

EUR/USD The Euro tackled resistance levels above 1.32 in European trading on Wednesday, but was unable to extend the gains. The Euro-zone data did not have a major impact with the services-sector PMI data marginally weaker than...

EUR/USD The Euro retreated to lows near 1.3150 against the dollar in early Europe on Tuesday, but underlying support for the currency remained robust and it moved to challenge resistance levels above 1.32. There was a peak close...

EUR/USD The dollar remained fragile in early Europe on Monday with the trade-weighted index at a three-month low and the currency was subjected to further selling pressure during the session. The Euro gained ground on technical...

EUR/USD The Euro continued to correct weaker in European trading on Friday and tested support levels close to 1.30 against the dollar. There were still underlying concerns over the Euro-zone outlook and there were warnings from...