EUR/USD After initially finding support around 1.2650, the Euro was unable to regain the 1.27 level and was subjected to sustained selling pressure during the day. The latest German PMI manufacturing sector data recorded a...
Read MoreEUR/USD The Euro nudged higher in Europe ahead of the Federal Reserve meeting on Wednesday with hopes that there would be further supportive measures. Following overnight reports in some media outlets that direct purchases of...
Read MoreEUR/USD The Euro initially retreated during the European session on Tuesday on a set of negative news events, but the currency proved to be resilient and advanced sharply later in the session. There were reports that the full...
Read MoreEUR/USD The Euro dipped to test support below the 1.26 level against the dollar on Friday before rallying into the New York close. There was further evidence of short covering ahead of the weekend, especially with major...
Read MoreEUR/USD The Euro was able to find support below 1.2550 against the dollar in Europe on Thursday and nudged higher for the third successive day, although ranges were generally narrow with conflicting fundamentals adding to an...
Read MoreEUR/USD The Euro found support on dips towards 1.25 against the dollar on Wednesday and maintained a generally firmer tone with a covering of short positions offsetting underlying fears. Spanish and Italian yields edged higher...
Read MoreEUR/USD The Euro probed technical levels during the European session on Tuesday without being able to make any major directional trend. There was significant resistance around the 1.2520 region as underlying sentiment...
Read MoreEUR/USD After peaking above 1.2650, the Euro was subjected to sustained selling pressure on Monday as confidence steadily drained away. The Spanish banking-sector bailout inevitably remained a very important focus following the...
Read MoreEUR/USDThe Euro remained under modest selling pressure during the European session on Friday with lows in the 1.2440 region against the US dollar. The Italian industrial output data was sharply weaker than expected with a 1.9%...
Read MoreEUR/USD The Euro found support in the 1.2550 region against the dollar on Thursday and rallied during the European session as risk appetite remained generally firmer. There were hopes that the German government would move...
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