Afternoon Forex Overview
March 12, 2010 by Dukascopy · Leave a Comment
Previous session overview
The U.S. dollar declined versus the euro on Friday as the shared currency was supported by strong economic data and more confidence that Greece will recover.
The greenback pared losses after better-than expected retail-sales data and a surprise decline in consumer confidence.
The dollar index, which measures the U.S. unit against a trade-weighted basket of [...]
Investors question sustainable euro weakness
March 12, 2010 by Interactive Brokers · Leave a Comment
The dollar is under pressure to end the week after words from a powerful investment house jolted investors expecting further decimation of the single European currency into a spin by warning that the next 10 cents for the euro is more likely on the upside than the downside. An unexpected jump in retail sales has [...]
EUR/USD Key Resistance Level at 1.3884
March 12, 2010 by Juan P. Bejarano · Leave a Comment
The Euro finally broke higher and above the 1.3700 handle as a rise in stocks spurred demand for riskier assets. The S&P500 reached its highest level since October 2008 adding bets a second leg higher may be forthcoming.
Industrial production data out of the euroZone today was also supportive of the pair as it rose by [...]
Forex: The Risk Today
March 12, 2010 by AC-Markets · 3 Comments
The Risk Today:
EurUsd We’re getting tantalizingly close to the big showdown between our current range (1.3425-1.3735 as if we could have possibly forgotten) and the reigning 3 month downtrend channel that has ruled the EURUSD kingdom since December’s break of the 12-month uptrend. With the US retail sales released later today, one can’t help but [...]
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 [...]
