EUR/GBP Testing Triangle Resistance
Consolidation: EUR/GBP has been in consolidation since April. The daily chart shows a market that has been in a triangle. Today, EUR/GBP broke above a short-term falling channel with a strong bullish candle and is testing the triangle resistance
EUR/USD Dollar firms on US CPI data
Back in the US, the Census Bureau reported today that building permits for privately-owned housing units rose in May to a seasonally adjusted annual rate of 974,000, below the revised April rate of 1,005,000 but 20.8 percent above the estimated 806,000.
Euro Mixed After Draghi's Dovish Remarks; Fed Meeting Eyed
The common currency moved in a bearish track against the Swiss franc ahead of Thursday's SNB rate decision, which is widely expected a status quo for the interest rate and the EUR/CHF 1.20 peg. The European single unit outperformed among other major ...
EUR/USD Rises on Economic Sentiment, Gives Away Gains
EUR/USD rose today on improving economic sentiment in Germany and the whole eurozone. The currency pair gave away its gains later.
EUR/USD Euro Pushes Upwards as German, Euro Data Meets Expectations
Draghi has managed to steer the Eurozone through the worst of the debt crisis, but the zone remains stuck in its longest recession since its creation in 1999. If the ECB does take action and introduces negative rates or other non-standard measures, we ...
Draghi Has an “Open Mind” on Non-Standard Measures
ECB (European Central Bank) President Mario Draghi said Tuesday that the ECB is considering more “non-standard” policy tools to use “if circumstances warrant”.According to the speech, ECB monetary policy has also “regained steering capacity” an
EUR & GBP Bulls In Charge
How sensible markets have become regarding any news related to US and QE tapering. Yesterday, an article in FT with no fresh news, was enough to trigger a decent USD-bear. Higher-than-expected inflation in UK alongside with the optimism in Euro-z
Euro Exchange Rate EUR/GBP strengthens as confidence surveys beats ...
The survey for German economic sentiment beat economist expectations by rising more than expected in June, easing worries over the impact of the Eurozone debt crisis on the region's largest economy. According to the ZEW Centre or economic research its...
EUR/USD: German Economic Growth Likely To Slow Over The Summ
For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3363.The Bundesbank stated after improving in the second quarter, Germany's economic recovery may lose pace this summer, citing weaker industrial orders and ex
EUR/GBP, GBP/USD, EUR/USD Flows: commercial flow giving cross rate a firm ...
Just for info; WSJ: Prosecutors here plan to file criminal fraud charges against a former trader at UBS and Citigroup Inc. who allegedly was at the center of efforts by several banks to manipulate interest rates. Tom Hayes, a 33-year-old British ...
Ichimoku Signal: EUR/USD - Stand aside
Despite yesterday's rebound to 1.3377, as the single currency has retreated again after holding below last week's high of 1.3390, retaining our view that further consolidation within near term established range of 1.3279-1.3390 would be seen and
EUR/USD Braces For Volatile Week
The market uncertainty about the pace of QE3 is caused not only by the wide divergence of views within the FOMC, but also by the mixed signals that the economic data are giving. In fact, several FOMC members have admitted that they will need to see ...


