Author: Darrell Jobman

EUR/USD The Euro gapped lower in early Asian trading on Wednesday with a 20-week low around 1.4170 against the dollar before a limited corrective recovery to the 1.42 area in early Europe. Underlying confidence in the Euro-zone...

EUR/USD Euro weakness on the crosses was still an important feature in early Europe on Tuesday and this was again an important feature in protecting the dollar against the Euro even with the US currency slightly weaker against...

EUR/USD The Euro remained fragile in early Asian trading on Monday, but found support below the 1.4350 level against the US currency and edged back towards 1.44 in early Europe in cautious trading. There were still important...

EUR/USD The Euro weakened again to near 1.44 in early Europe on Friday, undermined in part by rumours of German Chancellor Merkel’s resignation. Underlying confidence surrounding the Greek debt situation also remained very...

EUR/USD The Euro again hit resistance above the 1.4550 level against the dollar in early Europe on Thursday and drifted back to the 1.45 region ahead of the ECB interest rate decision As expected, the central bank held interest...

EUR/USD Regional Fed President Plosser stated that rates would need to rise well before unemployment fell to acceptable levels, but there were still major doubts whether the Fed would tighten policy given the underlying economic...

EUR/USD The US currency secured limited net gains in Asia on Tuesday before consolidating around 1.45 in early Europe. The Greek government announced that it would launch a fiscal stability plan on Wednesday, designed to cut the...

EUR/USD The dollar weakened further in Asian trading on Monday with lows beyond 1.4520 against the dollar as there were further generally dovish comments on interest rates from Regional Fed President Bullard. Risk appetite was...

There was a continuing shift in trading patterns during the week with moves linked much closely to trends in yields. The dollar maintained a firm tone during the week and moved to a three-month high against the Euro with solid...