Currency Newswire » Euro

EUR/USD Falls to 1.3600

admin — Fri, 12 Nov 2010 04:44:00 +0000

The Euro continued losing ground against the US Dollar on Friday, favoring further speculative flows into the pair, as the price just landed on a new 5-week low at 1.3601. The current price rebounded to 1.3625.

Jitters on the Irish debt problems are taking their toll on the Euro.

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EUR/USD Slips Back Towards Daily Lows

admin — Wed, 10 Nov 2010 05:13:31 +0000

The Euro is faced with further difficulties to sustain buying interest against the US Dollar. After an early acceleration to test support at 1.3735, an upside correction followed, yet faltered at 1.3790. The brief peak at daily highs triggered the bearish trend resumption. At present, the price just set a new low at 1.3734.

According to Sean Lee at Forex Live: “Neither the EUR nor the USD is in great shape at the moment so its a matter of market positioning and flows to determine the short-term trends and ranges.”

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EUR/USD Tests Session’s Lows

admin — Wed, 03 Nov 2010 02:52:22 +0000

After the Euro managed to close a daily bar above the 1.4000 level against the Greenback for the first time since October 14, EUR/USD is backing away from highs this Wednesday in Asia as investors remain cautious, squaring positions ahead of the FED monetary decision.

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Euro Rallies Due to Federal Reserve Report

admin — Wed, 20 Oct 2010 21:27:54 +0000

After being shelled in forex markets for the past three days, the euro managed to stage a rally against the dollar in trading today – albeit due to the dollar falling across the board with the news of a report confirming quantitative easing is forthcoming.

Today, a source from Medley Global Advisors released news about a report concerning the Federal Reserve and planned monetary policy for the November meeting. The report stated that the Fed plans to purchase $500 billion worth of U.S. Treasury securities over a six-month period, beginning in November.

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EUR/USD Retreating Again

admin — Wed, 30 Jun 2010 20:46:08 +0000

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.

Euro Losses Continue

admin — Wed, 30 Jun 2010 04:35:11 +0000

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.

EUR/USD Technicals Point to Downtrend

admin — Tue, 29 Jun 2010 03:48:47 +0000

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.

EUR Probability Study – EUR Now Bearish

admin — Wed, 13 May 2009 00:44:21 +0000

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…

Euro Bounces All Eyes on Wall Street and Washington DC

admin — Fri, 06 Feb 2009 17:50:43 +0000

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

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

admin — Thu, 05 Feb 2009 00:24:02 +0000

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

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

admin — Thu, 05 Feb 2009 00:24:00 +0000

(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.

Canadian Dollar Weakens Against Most Majors (Nasdaq)

admin — Thu, 05 Feb 2009 00:24:00 +0000

(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.

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

admin — Thu, 05 Feb 2009 00:23:58 +0000

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.

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

admin — Thu, 05 Feb 2009 00:23:58 +0000

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.

3 Reasons Why the Dollar is Higher

admin — Thu, 05 Feb 2009 00:23:38 +0000

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.

Impact of ECB and BoE Rate Decisions on EUR/GBP

admin — Thu, 05 Feb 2009 00:23:38 +0000

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.

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

admin — Wed, 04 Feb 2009 16:48:34 +0000

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.

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

admin — Wed, 04 Feb 2009 16:48:32 +0000

(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.

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

admin — Wed, 04 Feb 2009 16:48:32 +0000

(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.

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

admin — Wed, 04 Feb 2009 16:48:32 +0000

(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.