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EUR/USD back at session highs

posted by Avatar Lacy 317 days ago in EUR, JPY made popular 317 days ago

EUR/JPY is back at 112.25 and EUR/USD is back above 1.4185. Sell orders are being reported near 1.4220 in EUR/USD. Next technical resistance in EUR/JPY is an hourly high at 112.70. The content of this field will not be shown publicly. ... read more
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Overnight Highlights

posted by Avatar Lacy 319 days ago in Economic Indicators made popular 319 days ago

Watch for second batch of data releases today - Q2 GDP, FAI, IP and retail sales. USD/KRW: Contagion fears should continue to send the pair higher, supported above 1057, eyeing the next resistance at 1069.00. Direction thereafter will hinge on Kospi ... read more
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USD/CHF slides to 8-day low as euro debt crisis deepens

posted by Avatar Lacy 319 days ago in EUR, CHF

USD/CHF pulled away from 0.8397, the pair's highest since Friday, to hit 0.8336 during European early afternoon trade, shedding 0.25%. The pair was likely to find support at 0.8274, the low of June 28 and the pair's all-time low and resistance at ... read more
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EU Morning Report: Focus turns to the ECB and BoE Interest Rate Decisions

posted by Avatar Lacy 324 days ago in EUR made popular 324 days ago

Versus the greenback, the euro shed 1.3% falling to 1.4285 from 1.4466. Investors' focus turns to today's Interest Rate Decision by the European Central Bank due at 11:45 GMT. Rates are expected to rise by 25 bps as hawkish ECB policymakers said that ... read more
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Dollar Rises on Fears of Eurozone Contagion

posted by Avatar Lacy 325 days ago in USD, EUR made popular 325 days ago

As a result, EUR/CHF dipped below 1.207, which marked losses of just over 2% since yesterday's Asia open. Sterling advanced 0.4% against the euro. The yen drifted back toward 81 against the dollar after it benefited from dollar short covering amid a ... read more
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EUR/USD Continues to Struggle

posted by Avatar Lacy 326 days ago in EUR made popular 325 days ago

On Tuesday the Euro/Dollar struggling, decreasing with 160 pips. The European currency depreciated from 1.4554 to 1.4395 yesterday, not matching the positive Interbank sentiment projection at nearly +7%, closing the day at 1.4419. ... read more
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EUR/USD Daily Fundamental Analysis For July 05, 2011

posted by Avatar Lacy 327 days ago in EUR, Economic Indicators made popular 327 days ago

For the euro area, the Service PMI final revision for June is due at 08:00 GMT and also expected steady at 54.2, while the composite PMI might also be unchanged at 53.6. Retail Sales for May from the euro area are due at 09:00 GMT and expected with ... read more
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EUR/CHF Technical Analysis for July 5, 2011

posted by Avatar Lacy 327 days ago in CHF made popular 327 days ago

By ForexMansion.com One of the easiest trades over the last three years has been to sell the EUR/CHF. However, there are some signs coming out of Switzerland that the strength of the Franc is starting to be counterproductive to the economy. ... read more
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Sterling weaker ahead of BOE meeting

posted by Avatar Lacy 327 days ago in EUR, GBP

The details of the expected Euro movements are covered below but they could well be heavily influenced by the growing expectation of an interest rate hike from the European Central Bank on Thursday. A 25 basis point hike is starting to be factored into ... read more
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European Highlights Friday 01 July

posted by Avatar Lacy 330 days ago in EUR, CHF made popular 330 days ago

EZ final mfg PMI unrevised from the flash (52.0) The better risk appetite continues to weigh on the CHF, EUR/CHF even managing a trade at 1.2300. USD/JPY still in a tight range, commodity currencies steady enough after initial tumble, though Gold is ... read more
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Gold slumped for a second day on Friday

posted by Avatar Lacy 334 days ago in Commodities, Economic Indicators made popular 334 days ago

GBP- UK GDP- Gross Domestic Product, the main measure of economic activity and growth, Tues., Jun. 28, 8:30 am. The final reading of the Q1 GDP is forecast to confirm that the UK economy grew by 0.5% q/q in the first quarter of 2011, after contracting ... read more
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USD/JPY flows

posted by Avatar Lacy 335 days ago in USD, CHF

Francesco: Gold also broke the TL at 1515 20 and even the support at 1505, I sold again today around that level with stop at entry. Maybe it will be hit, but I... nutjob: New low at 1.0415. Looks like it will slide under 1.04 today. ... read more