Archive for the Category ‘Euro’

Euro Bounce Presents Attractive Selling Opportunity

Euro Bounce Presents Attractive Selling Opportunity

Retail forex traders have recently been selling into Euro strength against the otherwise-resurgent US Dollar—normally enough to make us bullish.

Euro Continues to Carve Lower Top- ECB Increasingly Cautious

Euro Continues to Carve Lower Top- ECB Increasingly Cautious

The rebound in the EURUSD is likely to be short-lived as the European Central Bank (ECB) maintains a cautious outlook for the region.

Yen Continues to Rise as Nikkei Closes With a 4-Year Record Decline

Yen Continues to Rise as Nikkei Closes With a 4-Year Record Decline

EUROPEAN SESSION UPDATE: Still unclear why the US Dollar is missing out on the risk-aversion action; Japanese officials scramble to return confidence to market…

Bernanke Gives the Buck His Blessing

Bernanke Gives the Buck His Blessing

Fed Chairman Bernanke’s comments about a potential unwinding of QE measures have given the US dollar rally new life, and the greenback is again soaring against the euro, yen, and commodity dollars.

Euro Trades Higher on Better than Expected PMIs

Euro Trades Higher on Better than Expected PMIs

Euro-zone composite output index beats expectations for May at 47.8; Markit says recession likely to continue in Q2…

A EUR/CHF Move That May Never Happen Again

A EUR/CHF Move That May Never Happen Again

Changing economic conditions in Europe and globally are likely to cause the EUR/CHF to top close to 1.30, at which point the Swiss franc may be reborn as a risk currency and grow continually stronger, never to see 1.30 again.

Euro Euphoria to Fizzle on ECB- EU Looks to Buy More Time

Euro Euphoria to Fizzle on ECB- EU Looks to Buy More Time

The EURUSD extended the advance from earlier this week as European policy makers pledged to address the risks surrounding the euro-area.

US dollar gains on yen

US dollar gains on yen

$US has firmed against most other major currencies except the euro on the eve of the testimony to Congress.        

US dollar gains on yen, falls against euro

US dollar gains on yen, falls against euro

The US dollar firmed against most other major currencies except the euro Tuesday on the eve of Federal Reserve chief Ben Bernanke's much-anticipated testimony to Congress.

Dollar gains on yen, falls against euro

Dollar gains on yen, falls against euro

THE euro rose on Tuesday but the US dollar strengthened against the Japanese currency.

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