Euro Dollar rate forecast – Euro Zone falls on deterioration in labor figures

MUMBAI, Sep 01   Euro-zone numbers of unemployed people in the currency area rose for a third consecutive month – put a stop to Euro rally and started to fall.
Eurostat doesn’t give details with its preliminary inflation data, but it reinforced expectations that the annual rate will come under increasing pressure from weaker energy inflation. The jobless figures, [...]

Dollar rate forecast – USD makes intermediate bottom and recoups losses vs euro, Swiss franc

MUMBAI, July 27   Dollar rate forecast- USD  dollar rate climbed from record lows against the Swiss franc and three-week troughs versus the euro on Wednesday as investors trimmed bearish bets on the greenback given no fresh news on negotiations to raise the U.S. debt ceiling.
Analysts though expected the dollar’s rally to be short-lived as its outlook remained [...]

Euro Dollar forecast – Euro in strong resistance at USD 1.45357 Levels and should falter

MUMBAI, July 27   Euro dollar forecast- A bitter stalemate over a deal to raise the U.S. debt ceiling and the specter of a U.S. credit downgrade drove the Euro Dollar to session highs on  Tuesday against the yen and the US Dollar.
The U.S. currency fell as much as 1% against the euro, and reached fresh three-week depths versus [...]

Euro Dollar forecast – Euro steady on dollar before EU bank stress tests

MUMBAI, July 17   Euro dollar forecast- Euro on friday steadied against the dollar, as fears the results of European bank stress
tests due later in the day could further sour sentiment towards the currency were tempered by concerns about U.S. debt after a
rating agency warning.  
With worries about the euro zone and the United States roughly offsetting each other, [...]

Euro Dollar forecast – Euro falls on European Debt Crisis Worsening

MUMBAI, July 09  Euro dollar forecast- Euro fell the most against the dollar as Moody’s Investors Service cut Portugal’s government bond rating to junk and European banks faced more stringent stress tests.
The 17-nation euro fell 1.8 percent to $1.4265, from $1.4526 on July 1, after touching $1.4206 yesterday, the lowest since June 27. The drop in the [...]

Euro Dollar forecast- short covering at USD 1.4183 rally to continue until early next week

MUMBAI, June 24  -  Euro Dollar  Traders booked profit  around on Thrusday at   USD 1.4183 levels.
We feel Euro Dollar  forecast  prices to rally past this weekend untill early next week.( refer  EURO USD Price chart) 
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Euro Dollar rate forecast| Euro Dolar makes a trading top at 1.44322

MUMBAI, June 22 -  Euro dolar makes and trading top and retracing in early Asia trade, reversing some gains it had made earlier, after Greece’s parliament favored Prime Minister George Papandreou’s reconfigured government with a 155-143 vote of confidence.
The euro after making a $.1.44322 is  trading near $1.43539  immediately after the vote.
The confidence vote fuels hopes that Greece’s parliament next week will [...]

Dollar rate forecast| USD makes a trading bottom at 72.68 and rallies.

MUMBAI, May 06 - Dollar rate index makes a trading bottom at 72.68 against a basket of currencies and rallies to  74.04 .DXY, having risen 1.5 percent on Thursday, its biggest gain in over six months. It’s well off a three-year trough of 72.68.
The catalyst for the dollar’s rebound was a massive fall in commodities on Thursday. Brent crude [...]

Euro Dollar forecast-Profit booking at USD 1.3838 previous high levels

MUMBAI, Feb 25 (www.GoldTradingCalls.com) -  Traders booked profit in Euro Dollar rate   hovering around on Friday at   USD 1.3838 levels which was very close to it  previous high achievied on Feb 2 , 2011.
We feel Euro Dollar  forecast  prices to retreat to USD 1.3644 levels being 1:1 prior retracement level and secondly, it  also  a 50% [...]