Technical
Fed Comment Is Not Important For Euro Anymore
No change in EUR/USD’s outlook. While the rebound from 1.0461 was strong, it’s is held below 1.1096 resistance. Price action from 1.0461 is viewed as consolidations and might extend. But… more
Fed caution remains in place – Forex Technical Analysis
The minutes to the October FOMC meeting in the US reflected a greater concern with the global economy, a theme that has become increasingly prevalent in recent weeks. There was… more
Next stop for dollar-yen: 120 ?
Dollar-yen rocketed to a seven-year high after the Bank of Japan stunned markets by expanding its quantitative easing program on Friday, and strategists say the pair has “a lot further… more
Dollar Lower Against Euro as Durable Goods Disappointed
Dollar weakens in early US session as data disappointed again. Headline durable goods orders dropped for the second month in September, by -1.3% versus expectation of 0.3% growth, with prior… more
EUR/USD Managed To Break 1.2700
The euro rallied even as a draft report indicated 25 euro-area banks are set to fail a European Central Bank stress test The single currency keeps pushing higher at the… more
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. Near term outlook stays mildly bearish and deeper decline is still expected. Below 1.3332 will target 100% projection of 1.3993 to… more
Dollar Strengthens to 9-Month High Against Euro
The dollar rose to the strongest level in almost nine months versus the euro as signs the U.S. economy is strengthening and tensions over Ukraine are increasing boosted the appeal… more
Currencies Daily Technical Analysis
EUR: The single currency met resistance at 1.3445 again and has eased, mixture of offers and stops remains at 1.3445-50, more stops are placed above 1.3460, but sell orders are… more
All Currencies Technical Analysis On European Session
EUR: The single currency continued to trade narrowly and further sideways trading is in store, buy orders are still noted at 1.3415-20, mixture of bids and stops is located at… more
Focus on sterling Currency
The break back below the 1.70 level on cable yesterday reflected the extent of the dollar recovery seen during July, but also the more balanced view being taken towards the… more