Inflation Expectations Muted by ECB
Global markets continued to move in favor of riskier assets as better than expected global growth was the catalyst this week. Manufacturing Purchasing managers surveys were solid in the US, and UK, and in line with expectations in China. Central bankers played a role this week in shaping the direction of the currency markets, an [...]
Euro on the Ropes
The Irish debt issues continue to lead the headlines when it comes to the health of Europe and the future direction of the Euro. European sovereign bonds are a bit muted today after speculation continues about a potential bailout for Ireland. Namely, Ireland’s 10-year yield is down 10 basis points on the back of the [...]
EMU PMI Disappoints the Market
The most important economic report on Thursday was the euro zone’s flash September PMI. It was weaker than expected and suggests that market participants may not have adjusted their expectations adequately after the robust growth posted by the region in Q2. Manufacturing reading came in at 53.6, down from 55.0 in August. The consensus had [...]
EURUSD all set for a dip below 1.3500
EURUSD is in full momentum to break below 1.3500 and then target 1.3410 level during this week. Looking at the current move, there will not be many traders, especially intra-day traders that will look t buy EURUSD at the moment. Mostly traders will look to sell, especially if EURUSD takes a bit of retracement and [...]
EURUSD looking to target 1.3800
EURUSD broke above an important level at 1.3620 and it seems that it is currently looking to target 1.3800 level. The zone between 1.3800 and 1.3850 levels is important because once EURUSD manages to break above that zone, then we will be looking at EURUSD heading towards 1.4000 level. The current momentum seems to be [...]
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 takes a dip, but for how long?
EURUSD took a good extended dip during this week and the momentum seems to run into next week as well. Although the RSI is on getting very low but EURUSD seems to managing quite nicely by taking retracements which also is providing traders with opportunities. Keeping the current moment into mind, we might see 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 [...]
Euro dips on economic concerns
The Euro has taken a hit today, falling on concerns of economic recovery slowing down, right before the release of German unemployment and Euro-zone consumer confidence data. The Euro fell today to a 5 month low against the Pound Sterling to .8627, a level seen only in August 2009. It was down by around 90 [...]
Euro dips despite positive economic data
The Euro has been weak today, despite a strong upward movement during the Asian session. During the Asian session, the Euro moved upward, limiting its’ gains to 1.4555 versus the US Dollar. Yesterday, the pair pushed higher yet again, hitting the 3 week high of 1.4580. Later, during the European session opening, the Euro fell [...]
Loading ...
