Entering February traders have two choices. They can either start the month with selling pressure that may retrace 50 percent of the January rally or even further, or ....
Euro
Fundamental and technical analysis of the Euro/U.S. Dollar (EUR USD).
EUR USD Upside Momentum Slowing; Watch for Short-Term Pull-back
Following a strong rally on Monday, but a failed breakout through the last swing top at 1.3689, the EUR USD ....
Forex Traders Prepare “To Go the Way of the Move”
This week’s Forex markets have been highlighted by low volume and tight ranges, leading to the formation of consolidation patterns in many of the major currencies.
Contagion Fear Sweeping Forex Markets
Fear of contagion is sweeping through the Forex markets this morning as traders worry that Greece’s ongoing sovereign debt problems are going to spread throughout the Euro Zone.
U.S. Dollar Mixed after Bearish Jobs Data Report
The U.S. Dollar is trading mixed this morning showing weakness against the Japanese Yen, Swiss Franc and Euro as Forex traders absorbed employment data showing the U.S. economy added...
Trichet’s Bold Statements Ignite Euro Rebound
The Euro is rebounding this morning after a sharp sell-off on Wednesday. The single currency broke hard the previous session after a test of a key 50% price level...
Easing Investor Tensions Drives Euro Sharply Higher
After trading in a four-handle range over the past six-trading sessions, the EUR USD finally broke out to the upside as investor tensions eased regarding Greece’s willingness to restructure...
Traders Reluctant to Press Euro Lower
The Euro is bouncing back this morning after briefly piercing the recent swing bottom at 1.4048 and a .618 retracement level at 1.4006. This morning’s rebound doesn’t suggest a...
Euro Setting Up Bear Trap
Last week the Euro turned down on the daily chart when the market took out the previous main bottom at 1.4157.
Forex Traders Working to Figure Out IMF News Impact
U.S. Dollar looks strong on the opening. The focus will be on the Euro and how traders react to the arrest of the IMF chief this week-end in New...
Euro Holding 1.4257; Traders Remain Cautious
The U.S. Dollar is trading slightly better this morning versus most major currencies. The focus continues to remain on the Euro which has recovered most of its early session...
Trichet Disappoints; Euro Changes Trend to Down
The Euro is under pressure this morning after European Central Bank President Jean-Claude Trichet was less hawkish on interest rates as analysts expected.
Fed Green Lights Further Dollar Weakness
The U.S. Dollar is trading flat-to-lower overnight after reaching its lowest level in nearly three years. This latest round of pressure on the Greenback began on Wednesday after the...
FOMC Decision Should Not Change U.S. Dollar’s Downtrend
There is not much change in the currency markets overnight ahead of the start of the Federal Open Market Committee’s two-day meeting.
Interest Rate Differential Key Factor Driving Euro Higher
The U.S. Dollar is extending losses across the board as investors continue to take a pro-risk stance, gobbling up higher yielding assets while stepping away from the perceived less...
German Manufacturing Triggers Euro Rebound
The Euro is rebounding on Tuesday after yesterday’s sharp sell-off. Investors turned their focus back toward interest rates, driving the Euro higher after a weak, volatile trading period on...
Euro Pressured by Ireland Debt Rating Cut
The EUR USD is being pressured overnight after Moody’s credit rating service cut Ireland’s rating to just above junk status. The news keeps the focus on sovereign debt issues,...
Buy the Rumor, Sell the Fact Drives Euro Lower after Rate Hike
The Euro is trading lower this morning after the European Central Bank announced a 25 basis point interest rate hike. The expected move by the central bank brought the...
Euro Traders Undecided about Future Rate Hikes
The Euro is trading higher shortly before the New York opening. Speculation that the European Central Bank is going to raise its benchmark interest rate by a quarter-point to...
Will ECB Rate Hike be a One and Done Event?
The Euro is trading higher this morning as traders are once again pricing in a 25 basis point rate hike by the European Central Bank at its next meeting...
