EUR/USD The Euro pushed above 1.40 against the dollar during Wednesday, but was unable to sustain the advance. Initial support from approval of the Greek budget deficit reduction plan was countered by a generally...
Read MoreEUR/USD The Euro was able to resist a further test of support below the 1.39 level on Tuesday and consolidated with a slightly firmer bias following the sharp losses seen over the previous few sessions. There was pressure for a...
Read MoreEUR/USD The Euro continued to find buying support on dips towards the 1.3850 level during Monday and managed to secure a firmer tone later in the day even though gains were still limited. There was no further negative news...
Read MoreEUR/USD The Euro was again sold in the Asian session on Friday and dipped to lows near 1.3910 as sentiment towards the currency remained weak. The Euro-zone money supply data was slightly stronger than expected for December, but...
Read MoreEUR/USD There was sharp Euro selling pressure in Asia on Thursday with stop-loss selling pushing the currency to lows below 1.3950 before a rally back to 1.40. Underlying confidence in the Euro-zone economy remained weak amid...
Read MoreEUR/USD The Euro was unable to push back above the 1.41 level against the US dollar on Wednesday and remained generally on the defensive during the day. Underlying confidence in the Euro-zone economy remained weak with further...
Read MoreEUR/USD The Euro was subjected to renewed selling pressure in Asia on Tuesday as risk appetite deteriorated again and underlying sentiment remained weak. The German IFO index was firmer than expected with a rise to 95.8 for...
Read MoreEUR/USD The dollar remained slightly weaker in early Europe on Monday with greater confidence that Bernanke would be confirmed helping to improve risk appetite and this gave some support to the Euro. There was still a mixed...
Read MoreEUR/USD The Euro was above 1.41 in early Europe on Friday as the currency looked to rebound from over-sold conditions following sharp selling during the week. Underlying confidence towards the Euro-zone remained weak, butt here...
Read MoreEUR/USD The Euro initially found some support below 1.41 on Thursday and consolidated close to this level in early Europe as technical support in the 1.4070 region held. The Euro then came under fresh attack during the session...
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