Tag Archives: Euro

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Euro in New York: The Creep Lower

Euro in New York: The Creep Lower

The euro opened in New York at 1.3385 (8:30 am), after Tokyo traded in a 10 point range, 1.3415-1.3425 and London managed 44, 1.3380 to 1.3424. Euro zone July services PMI were slightly weaker than expected (54.2 vs. 54.4) as were June retail sales (0.4% vs. 0.5%) but neither elicited a response from currency traders. 
eudollfalling-resized-6001

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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