EUR/USD: U.S. Retail Sales to Guide the Pair (1.3660)
March 11, 2010 by Juan P. Bejarano · Leave a Comment
The pair continues to trade within a consolidation range as developments in the EuroZone continue to linger.
Concerns over Greece have eased, helping the Euro hold ground. Focus will now be on the proposed IMF-style institution, economic data from the US and the EuroZone, and performance in stocks.
The ECB is still expected to leave rates unchanged [...]
Forex: The Risk Today
March 11, 2010 by AC-Markets · Leave a Comment
The Risk Today:
EurUsd There has been a tangible drop in the volatility within the 1.3425-1.735 trading range in the last week; with each of the last three rallies falling slightly short of the previous one, and 1.3530 repeatedly taking on the role of intra-range support. However there could be a change coming, and soon. The [...]
Daily Forecast for Majors
March 10, 2010 by FX Instructor · Leave a Comment
EURUSD Forecast:
The EURUSD didn’t make significant movement yesterday. Overall price is still in consolidation range of 1.3450/35 – 1.3735/50. The bias remains neutral both in nearest and medium term but the long term outlook remains bearish. For me, there are two technical events that must take place in this situation to give us clearer direction, [...]
EUR/USD Holds Above the 1.3540
March 10, 2010 by Juan P. Bejarano · Leave a Comment
The pair continues to trade within a consolidation range as developments in the EuroZone remain rather unchanged.
Concerns over Greece have eased slightly helping the Euro hold some ground. Focus will now be on the proposed IMF-style institution or the implementation of euro bonds, as well as upcoming economic data from the US and the EuroZone.
The [...]
Intraday Market Update
March 9, 2010 by Forex District · Leave a Comment
Despite risk aversion heading into the U.S. market open, Wall Street celebrates the anniversary of the 2009 bear market low by driving the major indexes higher. Stocks seem to follow the lead from Apple (AAPL), as it surged to new market highs at around $224.48 per share. The Dow is currently up by 45points, while [...]
Afternoon Forex Overview
March 9, 2010 by Dukascopy · Leave a Comment
Previous session overview
The U.S. dollar gained versus the euro and British pound on Tuesday, finding support amid ongoing worries about debt problems in the euro zone after Fitch Ratings warned that Portugal remained vulnerable to a downgrade.
The euro changed hands at USD1.3581, down from USD1.3636 in North American activity late Monday.
The dollar index, which measures [...]
Forex: The Risk Today
March 9, 2010 by AC-Markets · 5 Comments
The Risk Today:
EurUsd It’s now been nearly three weeks that we have been locked in this well-trodden range for EURUSD, and yesterday morning’s re-test of the old 1.3700 resistance failed once more as bulls capitulated under comments from Greece’s Papandreou. However before we simply regurgitate the same old anticipated levels of supply and demand yet [...]
EUR/USD Falls Under 1.3600
March 9, 2010 by Juan P. Bejarano · 2 Comments
The Euro has reversed most of Friday’s and Sunday’s gains as concerns continue to linger on deficits. Fitch today warned that Spain and France need to take stronger measures and that a sovereign default is possible in EMU, although it predicts that it would not cause a split.
Investors are also wary of the next few [...]
