Tag Archives: Euro

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The Euro in New York: Up on the Day, Flat on the Week

The Euro in New York: Up on the Day, Flat on the Week

The euro opened New York trading at 1.3396 (8:30 am) 1.3394, after a slack Tokyo session (1.3383-91)  and a 22 point London range (1.3379-1.3401). The U.S. July employment report was generally positive with 209,000 jobs created, the sixth month in a row with more that 200,000 jobs and 15,000 added in revisions to the prior
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Euro falls, Dollar heads higher

The US dollar picked up some tailwinds last night as expectations of an increase in today’s CPI figures may lead to a hike in US interest rates.  Data from Citigroup suggests US price growth readings have increasingly outperformed relative to forecasts since the beginning of the year, opening the door for an upside surprise.  A
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Euro Fundamental Levels

1.3700  July 1st high1.3664  July 3rd high1.3651  July 10th high 1.3640  Good resistance, moderate offers July 14th high 1.3637  55-day moving average 1.3628  July 15 high 1.3572  Resistance, moderate offers July 16th high, Stops  1.3550  Resistance, moderate offers, intra-day high 1.3524  Market Rate 1.3513  Intra-day low 1.3503  June 5th low 1.3491  July 18th low1.3490  Moderate approach
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US Economic Activity Slips in June, Dollar Stationary against Euro, Yen

A gauge of the nation’s economy edged down last month as production and income measures faltered. The National Activity Index from the Chicago Federal Reserve declined to 0.12 in June from May’s 0.16. This index assesses economic activity and compares it to historical trend. A reading above zero indicates above trend growth and below zero
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Dollar Recovers against Yen, Slips Versus Euro, Awaiting Fed Minutes

The dollar reversed its three day losing run against the Japanese Yen and  remained offered versus the euro as the market waits for teh release of minutes from the Federal Reserve’s June 17th and 18th meeting. Several Fed officials have hinted recently that the central bank could begin to raise interest for the first time
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