Author: Darrell Jobman

EUR/USD The Euro was unable to make any headway ahead of the key US employment release on Friday as resistance levels above 1.24 remained intact. There were further important stresses within the peripheral bond markets as...

EUR/USD The Euro was unable to make any headway against the dollar ahead of key economic events on Thursday and drifted weaker to the 1.25 area. There was a rise in Spanish yields at the latest 10-year bond auction and there was...

EUR/USD The Euro found support on dips towards 1.2650 against the dollar on Tuesday while there was resistance above 1.2620 as caution prevailed and trading volumes declined. There was a further measured decline in Spanish bond...

EUR/USD The Euro was unable to hold above the 1.2650 area against the dollar on Monday and retreated aback to lows below 1.26 later in the European session, although ranges were relatively narrow. The Euro-zone data did not...

EUR/USD The Euro initially consolidated in the 1.26 region in Europe on Friday before moving sharply higher during the New York session. There was a sharp decline in Spanish and Italian bond yields as spreads over German bonds...

EUR/USD The Euro was subjected to sharp selling pressure in European trading on Thursday as German Chancellor Merkel continued to indicate that there would be a hard-line and no concessions on Eurobonds at the EU Summit starting...

EUR/USD The Euro was blocked in the 1.2520 region early in Europe on Wednesday and was unable to gain any buying support with a further test of support below 1.2450 later in the day. There were further concerns surrounding the...

EUR/USD A Euro move higher stalled in the 1.2530 area against the dollar on Tuesday and the currency weakened again later in the European session. There was a sharp rise in interest rates at the latest Spanish bill auction while...

EUR/USD After testing support in the 1.2520 region against the dollar in early Europe on Monday, a slide below this level triggered stop-loss selling with lows below the 1.2480 area. There was an underlying lack of confidence in...

EUR/USD The Euro consolidated in relatively narrow ranges during Friday as support levels towards 1.25 held while the currency was unable to gain any significant momentum. The latest IFO index recorded a decline to 105.3 for...