Currency Newswire » Euro http://www.currencynewswire.com Breaking news and analyses on world currencies and Forex currency trading. Thu, 01 Jul 2010 17:06:21 +0000 en hourly 1 http://wordpress.org/?v=3.0 EUR/USD Retreating Again http://www.currencynewswire.com/eur-usd-retreating-again http://www.currencynewswire.com/eur-usd-retreating-again#comments Wed, 30 Jun 2010 20:46:08 +0000 admin http://www.currencynewswire.com/?p=9862 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 profit taking of sellers amid strong gains reached yesterday are supporting the case. However, euro is still unable to overcome static resistance against greenback, the above mentioned 1.2300 zone.

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]]> http://www.currencynewswire.com/eur-usd-retreating-again/feed 0 Euro Losses Continue http://www.currencynewswire.com/euro-losses-continue http://www.currencynewswire.com/euro-losses-continue#comments Wed, 30 Jun 2010 04:35:11 +0000 admin http://www.currencynewswire.com/?p=9835 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 facility.

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]]> http://www.currencynewswire.com/euro-losses-continue/feed 0 EUR/USD Technicals Point to Downtrend http://www.currencynewswire.com/eurusd-technicals-point-to-downtrend http://www.currencynewswire.com/eurusd-technicals-point-to-downtrend#comments Tue, 29 Jun 2010 03:48:47 +0000 admin http://www.currencynewswire.com/?p=8213 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 worry that this will cause liquidity in the FX markets to dry up.

As such, the EUR/USD has continued its decline that began in the morning hours of the European session.

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]]> http://www.currencynewswire.com/eurusd-technicals-point-to-downtrend/feed 0 EUR Probability Study – EUR Now Bearish http://www.currencynewswire.com/eur-probability-study-eur-now-bearish http://www.currencynewswire.com/eur-probability-study-eur-now-bearish#comments Wed, 13 May 2009 00:44:21 +0000 admin http://www.currencynewswire.com/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…

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]]> http://www.currencynewswire.com/eur-probability-study-eur-now-bearish/feed 0 Euro Bounces All Eyes on Wall Street and Washington DC http://www.currencynewswire.com/euro-bounces-all-eyes-on-wall-street-and-washington-dc http://www.currencynewswire.com/euro-bounces-all-eyes-on-wall-street-and-washington-dc#comments Fri, 06 Feb 2009 17:50:43 +0000 admin http://www.currencynewswire.com/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. Nevertheless, the downside revision could hardly be considered a surprise to the market given the horrid series of economic data emanating from Germany all week long and the focus is likely to shift to the US NFP report due 13:30 GMT

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]]> http://www.currencynewswire.com/euro-bounces-all-eyes-on-wall-street-and-washington-dc/feed 0 Yen At 2-day High Against Swiss Franc (Nasdaq) http://www.currencynewswire.com/yen-at-2-day-high-against-swiss-franc-nasdaq http://www.currencynewswire.com/yen-at-2-day-high-against-swiss-franc-nasdaq#comments Thu, 05 Feb 2009 00:24:02 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/yen-at-2-day-high-against-swiss-franc-nasdaq/feed 0 Euro slips to 2-day low against Canadian dollar (Nasdaq) http://www.currencynewswire.com/euro-slips-to-2-day-low-against-canadian-dollar-nasdaq http://www.currencynewswire.com/euro-slips-to-2-day-low-against-canadian-dollar-nasdaq#comments Thu, 05 Feb 2009 00:24:00 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/euro-slips-to-2-day-low-against-canadian-dollar-nasdaq/feed 0 Canadian Dollar Weakens Against Most Majors (Nasdaq) http://www.currencynewswire.com/canadian-dollar-weakens-against-most-majors-nasdaq http://www.currencynewswire.com/canadian-dollar-weakens-against-most-majors-nasdaq#comments Thu, 05 Feb 2009 00:24:00 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/canadian-dollar-weakens-against-most-majors-nasdaq/feed 0 Rouble fixes at 36.0135/dlr , 46.8596/euro (Reuters via Yahoo! Singapore News) http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-reuters-via-yahoo-singapore-news http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-reuters-via-yahoo-singapore-news#comments Thu, 05 Feb 2009 00:23:58 +0000 admin http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-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.

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]]> http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-reuters-via-yahoo-singapore-news/feed 0 Euro May Extend Drop on Eastern Europe’s Slump, Economic View (Bloomberg) http://www.currencynewswire.com/euro-may-extend-drop-on-eastern-europe%e2%80%99s-slump-economic-view-bloomberg http://www.currencynewswire.com/euro-may-extend-drop-on-eastern-europe%e2%80%99s-slump-economic-view-bloomberg#comments Thu, 05 Feb 2009 00:23:58 +0000 admin http://www.currencynewswire.com/euro-may-extend-drop-on-eastern-europe%e2%80%99s-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.

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]]> http://www.currencynewswire.com/euro-may-extend-drop-on-eastern-europe%e2%80%99s-slump-economic-view-bloomberg/feed 0 3 Reasons Why the Dollar is Higher http://www.currencynewswire.com/3-reasons-why-the-dollar-is-higher http://www.currencynewswire.com/3-reasons-why-the-dollar-is-higher#comments Thu, 05 Feb 2009 00:23:38 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/3-reasons-why-the-dollar-is-higher/feed 0 Impact of ECB and BoE Rate Decisions on EUR/GBP http://www.currencynewswire.com/impact-of-ecb-and-boe-rate-decisions-on-eurgbp http://www.currencynewswire.com/impact-of-ecb-and-boe-rate-decisions-on-eurgbp#comments Thu, 05 Feb 2009 00:23:38 +0000 admin http://www.currencynewswire.com/impact-of-ecb-and-boe-rate-decisions-on-eurgbp 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 could lead to more volatility for EUR/GBP.

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]]> http://www.currencynewswire.com/impact-of-ecb-and-boe-rate-decisions-on-eurgbp/feed 0 Japan’s Yen Rises Against Euro, Dollar on U.S. Stimulus Concern (Bloomberg) http://www.currencynewswire.com/japan%e2%80%99s-yen-rises-against-euro-dollar-on-us-stimulus-concern-bloomberg http://www.currencynewswire.com/japan%e2%80%99s-yen-rises-against-euro-dollar-on-us-stimulus-concern-bloomberg#comments Wed, 04 Feb 2009 16:48:34 +0000 admin http://www.currencynewswire.com/japan%e2%80%99s-yen-rises-against-euro-dollar-on-us-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.

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]]> http://www.currencynewswire.com/japan%e2%80%99s-yen-rises-against-euro-dollar-on-us-stimulus-concern-bloomberg/feed 0 Canadian Dollar Falls To 1-week Low Against Euro (Nasdaq) http://www.currencynewswire.com/canadian-dollar-falls-to-1-week-low-against-euro-nasdaq http://www.currencynewswire.com/canadian-dollar-falls-to-1-week-low-against-euro-nasdaq#comments Wed, 04 Feb 2009 16:48:32 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/canadian-dollar-falls-to-1-week-low-against-euro-nasdaq/feed 0 Canadian Dollar Slides To 1-week Low Against Euro (Nasdaq) http://www.currencynewswire.com/canadian-dollar-slides-to-1-week-low-against-euro-nasdaq http://www.currencynewswire.com/canadian-dollar-slides-to-1-week-low-against-euro-nasdaq#comments Wed, 04 Feb 2009 16:48:32 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/canadian-dollar-slides-to-1-week-low-against-euro-nasdaq/feed 0 Chinese Yuan Climbs To 16-Day High Versus US Dollar (Nasdaq) http://www.currencynewswire.com/chinese-yuan-climbs-to-16-day-high-versus-us-dollar-nasdaq http://www.currencynewswire.com/chinese-yuan-climbs-to-16-day-high-versus-us-dollar-nasdaq#comments Wed, 04 Feb 2009 16:48:32 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/chinese-yuan-climbs-to-16-day-high-versus-us-dollar-nasdaq/feed 0 Chinese Yuan Recovers From 6-day Low Against Euro (Nasdaq) http://www.currencynewswire.com/chinese-yuan-recovers-from-6-day-low-against-euro-nasdaq http://www.currencynewswire.com/chinese-yuan-recovers-from-6-day-low-against-euro-nasdaq#comments Wed, 04 Feb 2009 16:48:32 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/chinese-yuan-recovers-from-6-day-low-against-euro-nasdaq/feed 0 Australian dollar slides to 2-day low against euro (Nasdaq) http://www.currencynewswire.com/australian-dollar-slides-to-2-day-low-against-euro-nasdaq http://www.currencynewswire.com/australian-dollar-slides-to-2-day-low-against-euro-nasdaq#comments Wed, 04 Feb 2009 16:48:31 +0000 admin http://www.currencynewswire.com/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.

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]]> http://www.currencynewswire.com/australian-dollar-slides-to-2-day-low-against-euro-nasdaq/feed 0 Rouble fixes at 36.0135/dlr , 46.8596/euro (Reuters via Yahoo! Philippines News) http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-reuters-via-yahoo-philippines-news http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-reuters-via-yahoo-philippines-news#comments Wed, 04 Feb 2009 16:48:30 +0000 admin http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-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.

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]]> http://www.currencynewswire.com/rouble-fixes-at-360135dlr-468596euro-reuters-via-yahoo-philippines-news/feed 0 Euro drops against dollar (AFP via Yahoo! News) http://www.currencynewswire.com/euro-drops-against-dollar-afp-via-yahoo-news http://www.currencynewswire.com/euro-drops-against-dollar-afp-via-yahoo-news#comments Wed, 04 Feb 2009 16:48:30 +0000 admin http://www.currencynewswire.com/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.

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