Euro Break Out!
Europe is Moving in Different Directions The euro made new high this week, the highest since late November. Ten year yields have fallen 10-25 basis points in Greece, Portugal and Spain. The rally in the periphery is generating some positive momentum for the Euro. It seems that Germany is balking at boosting the size of [...]
EURUSD could break resistance and head towards 1.3780
EURUSD is currently looking to test some important level at the moment. A good resistance can be seen at 1.3670 and EURUSD touched it once yesterday and might look to test it once again. If EURUSD managed to continue the current upward momentum and managed to break that level, then we will be looking EURUSD [...]
EURUSD getting ready for a dip
EURUSD was traded sideways with low volume for couple of days and its RRI was also on lower side and with sideways movement, RSI has opened up a bit and have created some space for downward move towards 1.3550 level. A good selling level is present just around 1.3680 and EURUSD already touched it one [...]
EuroZone upbeat on positive economic data
The Euro today declined from the high of 1.4440 which was made on December 31, 2009, to take a rebound beyond 1.4335, last seen around 1.4350, as fresh Manufacturing data lent confidence that the Euro Zone economy was upbeat. The Euro Zone manufacturing PMI rose slightly to 51.6 in December compared to the previous month, [...]
Euro to attract policymaker action: falls on 2nd straight day on better US results.
Wednesday, 21 October, 2009, 8:00:18 a.m. GMT Policy makers expressed concerns on the impact of a stronger Euro on the 16 nation Eurozone, on the EUR downfall as it continued for a 2nd straight day. Excessive strength in the currency could derail economic recovery in the Eurozone, which could further lead to a drastic downward [...]
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