Tag Archives: EUR/USD

A Jolt From JOLTS?

EUR/USD went higher in European trading Tuesday after German factory orders for March far outpaced expectations (consensus -0.5% mom, actual +2.2%). It’s a surprise to me why this should be so market-affecting, given that the April PMIs, which have already … Continue reading

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Major Currency Pairs: Euro Drops To 6-Week Lows Against Dollar

EUR/USDThe euro dropped to six-week lows against the broadly stronger dollar on Friday after better-than-expected U.S. consumer sentiment data fuelled speculation that the Federal Reserve may start to scale back its easing policies this year. The robust data bolstered speculation … Continue reading

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Is The EUR/USD Ready To Breakout?

Currently we are at 1.2995. IF we can break this support, we are looking for a continuation to the support at 1.2892 and then the S5 support at 1.2868. The current average daily trading range (ATR) is 110 pips. EUR/USD” … Continue reading

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EUR/USD Slashed On Strong U.S. Data

EUR/USD Open 1.3035 High 1.3178 Low 1.3008 Close 1.3040On Thursday Euro/Dollar decreased significantly with 170 pips on strong U.S data. The European currency depreciated from 1.3178 to 1.3008 yesterday, matching the negative money flow sentiment at bellow -28%, closing the … Continue reading

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It’s GDP Day

The news you haven’t been waiting for… the sixth consecutive quarter of contraction in the euro zone! And that’s not likely to be the end of it; the market is forecasting that Q2 and Q3 will be negative as well. … Continue reading

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EUR/USD: RSI Giving Two Slightly Mixed Signals

EUR/USD M30″ title=”EUR/USD M30″ width=”1417″ height=”748″ />The EUR/USD pair has broken out of a symmetrical triangle towards the upside on a 30 minute time frame. If this pattern plays out completely, then it could push the price near the minor … Continue reading

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EUR/USD: Vulnerable To ECB Flash Comments

EUR/USD The major pair flirted around unchanged for the majority of the European morning, with little catalyst to drive the pair higher after Monday’s dovish comments from Draghi — warning the ECB could take further action should euro-zone data deteriorate … Continue reading

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EUR/USD Drops Below 1.30 After Weak German Data

The EUR/USD has not ventured far from the 1.30 level, but this line has seen some activity on Tuesday, with the pair crossing above 1.30 in the Asian session, only to retract in European trading. The pair has moved lower … Continue reading

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EUR/USD:Technical Analysis – May 6, 2013

The price action has completed its Head and Shoulder pattern on a 30 minute time frame. The EUR/USD pair is trading within the symmetrical triangle on the same time frame. The RSI suggests that the bias could be towards the … Continue reading

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Will Weak Australian Data Force An RBA Rate Cut?

Market Drivers for May 6, 2013 Australian data disappoints raising specter of rate cut EZ services PMI improve supporting EUR/USD Europe -0.21% Nikkei closed Oil $96/bbl Gold $1473/oz Europe and AsiaAUD: Inflation gauge 0.3% vs. 0.2%AUD: Retail Sales -0.4% vs. … Continue reading

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