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Dollar falls vs euro but losses capped by U.S. data

posted by AussieTrader 1185 days ago in USD, EUR made popular 1185 days ago

The dollar slid against the euro on Thursday with investors prepared to take on more risk, though poor U.S. data capped losses with some investors preferring the safety of the U.S. currency.

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Has the EUR/JPY Finally Topped Out?

posted by fx360 1185 days ago in EUR, Technical, Daily made popular 1185 days ago

Earlier this week, we highlighted the EUR/JPY as having "trade of the week" potential (" EUR/JPY Facing Critical Resistance ") based off a highly symmetrical bearish butterfly pattern completion along with additional Fibonacci convergence. We w

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Which Currencies are Overvalued and Undervalued?

posted by fx360 1185 days ago in Fundamental, Weekly

There have been a lot of big swings in the currency market over the past year. Eight months ago, the EUR/USD was trading at a record high of 1.60 and now it is only few cents away from its 3 year low. In the past 6 months alone, the Bri

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Euro Holds Support at 1.2700 As Data Proves Positive

posted by fx360 1185 days ago in EUR, Technical, Daily

The euro consolidated near the 1.2700 figure in early European trade boosted by better than expected German Consumer confidence numbers while pound tried to shrug off RBS news which reported the largest corporate loss in UK history and announced

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Surprise! German Consumer Confidence Rises-Boris Schlossberg

posted by fx360 1185 days ago in EUR, Fundamental, Daily

Despite the continuing drumbeat of dour economic data German consumer sentiment improved significantly in March jumping to 2.6 from 2.0 forecast rising substantially higher than the 2.2 figure the month prior.

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Multiple Patterns Forming on the USD/CAD

posted by fx360 1186 days ago in CAD, Technical, Daily

We have been tracking a bearish Gartley that has been forming over the past week. However, there is also a bullish Gartley forming. If the pair rises, we will continue to watch the bearish Gartley. If the pair falls, we will focus on the bullis

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US Dollar: Treasury Releases Details, Bernanke Downplays...

posted by fx360 1186 days ago in Fundamental, Daily made popular 1186 days ago

All eyes have been on Washington today with Fed Chairman Ben Bernanke testifying before Congress and Treasury Secretary Geithner releasing details on the US’ capital assistance program .

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AUD/USD: 3 Reasons Why the Australian Dollar Could Head High

posted by fx360 1186 days ago in AUD, Fundamental, Daily made popular 1186 days ago

The Australian Dollar has been trading in a very tight range over the past few weeks and is prime for a breakout. We have been very bullish Australia

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Forex: Decoding the Rally and 3 Reasons Why it is Suspicious

posted by fx360 1186 days ago in Daily

Currencies and equities have strengthened across the board suggesting that risk appetite may be improving. The dollar, which has been a refuge for safe haven flows, fell against all of the major currencies except for the Japanese Yen. In fact,

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Better UK GDP Provides No Lift to the Pound

posted by fx360 1186 days ago in Daily

The Q4 revision of UK GDP proved to be better than the dour consensus estimates of -1.6% printing at -1.5% but offered little help to pound bulls today as the pair sold off towards the 1.4500 handle in the aftermath of the release.

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UK GDP In Line, But Skepticism Abounds

posted by fx360 1186 days ago in Fundamental made popular 1186 days ago

UK GDP In Line, But Skepticism Abounds Last updated 2/25/2009 4:58 AM EST (GMT -5) Tags: uk, gdp Boris Schlossberg Director of Currency Research, GFTlastchangevolumeLast Updated: 10 min ago The revision of Q4 UK GDP left the number u

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