EUR/USD Retreating Again

Having reached an intraday high around 1.2297 in the past hour, EUR/USD is again retreating from the 1.2300 area, despite market is on risk aversion mood. Strength of the common currency comes from crosses such as EUR/CHF and EUR/GBP short covering, after past journeys’ slump, pulled them to multi years or even historical lows. Some [...]

Euro Losses Continue

Classic risk off trading saw EUR/USD falling to 1.2150 before stabilizing. We see euro losses continuing, and next key level is 1.2110, break of which would target the year’s low at 1.1877. Weak China data was followed by very weak U.S. consumer confidence report, and markets are nervous about the expiry of ECB’s one-year lending [...]

EUR/USD Technicals Point to Downtrend

The euro declined further during the New York trading session while the Swiss franc continues to strengthen against both the dollar and the euro. Declines in the euro are coming from concerns over liquidity shortages. European banks will be required to pay back 442B euros to the European Central Bank on Thursday and many traders [...]

EUR Probability Study – EUR Now Bearish

In the above 4 hour chart you can see that the previous bearish Major trend has been violated and therefore expect support at 1.3500. The Current trend remains bullish and might possible evolve to become the new Major trend IF the violation is confirmed. I also identified a bullish 60minute… Read more….

Euro Bounces All Eyes on Wall Street and Washington DC

EUR/USD managed to stage a mild rebound in Asian and early European session today, bouncing above the 1.2800 handle after selling off yesterday on disappointment at ECB’s inflexibility on interest rates. The euro rally, however was capped by news that German GDP would print worse than expected at -2.0% versus forecast of a -1.8% contraction. [...]

Yen At 2-day High Against Swiss Franc (Nasdaq)

(RTTNews) – During early European deals on Wednesday, the yen reversed the losses it incurred in Asian trading against the Swiss franc. Read more….

Euro slips to 2-day low against Canadian dollar (Nasdaq)

(RTTNews) – In early trading on Wednesday, the European common currency pared gains it posted in the early European session against the Canadian dollar. The euro slipped to a 2-day low of 1.5920 against the loonie by 6:50 am ET, down from a weekly high of 1.6125 hit around 3:00 am. Read more….

Canadian Dollar Weakens Against Most Majors (Nasdaq)

(RTTNews) – After a downtrend in early European session, the Canadian currency edged up against most of its major counterparts during New York morning deals on Wednesday. The loonie climbed to 5-day high versus the US dollar and 2-day high against the yen during the same time. Read more….

Rouble fixes at 36.0135/dlr , 46.8596/euro (Reuters via Yahoo! Singapore News)

MOSCOW, Feb 4 (Reuters) – The Russian rouble firmed in early official trade on Wednesday to a weighted average for tomorrow settlement of 36.0135 per dollar compared with 36.1290 the previous session. Read more….

Euro May Extend Drop on Eastern Europe’s Slump, Economic View (Bloomberg)

Feb. 5 (Bloomberg) — The euro may extend its decline against the yen and dollar on speculation the slump in Eastern Europe will cause the regional economic slowdown to deepen. Read more….

3 Reasons Why the Dollar is Higher

The US dollar traded higher against the Euro and commodity currencies but remained unchanged against the British pound and Japanese Yen. The strength of the dollar can be attributed to three primary factors. Read more….

Impact of ECB and BoE Rate Decisions on EUR/GBP

Over the next 24 hours, the Bank of England and the European Central Bank will be making interest rate announcements. The Bank of England is the only central bank expected to cut interest rates, but that does not mean that the Euro stay stationary. In fact, we expect some big action in both currencies, which [...]

Japan’s Yen Rises Against Euro, Dollar on U.S. Stimulus Concern (Bloomberg)

Feb. 4 (Bloomberg) — The Japanese yen rose against the euro and the dollar as traders sought refuge in the currency amid concern the U.S. fiscal stimulus plan will meet Senate resistance and widening credit losses will erode earnings. Read more….

Canadian Dollar Falls To 1-week Low Against Euro (Nasdaq)

(RTTNews) – After a brief uptrend, the Canadian dollar slipped against the euro during early deals on Wednesday. The pair moved from 1.5995 to 1.6125 by about 2:55 am ET. This set a 1-week low for the loonie. On the downside, 1.629 is seen as the next target level for the loonie. Read more….

Canadian Dollar Slides To 1-week Low Against Euro (Nasdaq)

(RTTNews) – During early deals on Wednesday, the Canadian dollar weakened to a 1-week low against the euro. Against the currencies of US and Japan, the Canadian dollar pared the gains it posted in early Asian trading. The loonie thus fell from a 2-day high against the greenback and the yen. Read more….

Chinese Yuan Climbs To 16-Day High Versus US Dollar (Nasdaq)

(RTTNews) – The Chinese yuan climbed to a 16-day high against its US counterpart during Wednesday’s early session. The yuan moved higher against the euro too. Read more….

Chinese Yuan Recovers From 6-day Low Against Euro (Nasdaq)

(RTTNews) – Against the euro, the Chinese yuan reversed direction after falling to a 6-day low of 8.9307 by about 1:40 am ET Wednesday. Currently, the euro-yuan pair is worth 8.8603, compared to 8.9219 hit late New York Tuesday. Read more….

Australian dollar slides to 2-day low against euro (Nasdaq)

(RTTNews) – During early deals on Wednesday, the Australian dollar edged down against its major counterparts as services sector activity in Australia fell for the tenth consecutive month in January. The Aussie slipped to a 2-day low against the European currency. Read more….

Rouble fixes at 36.0135/dlr , 46.8596/euro (Reuters via Yahoo! Philippines News)

MOSCOW, Feb 4 (Reuters) – The Russian rouble firmed in early official trade on Wednesday to a weighted average for tomorrow settlement of 36.0135 per dollar compared with 36.1290 the previous session. Read more….

Euro drops against dollar (AFP via Yahoo! News)

The euro fell against the dollar in European trading on Wednesday, the eve of a keenly-awaited decision on interest rates from the European Central Bank. Read more….

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