Tag Archives: Euro


19 Jan. A big week ahead for the Euro. ECB meeting (QE?), Thursday, Greek election Sunday.

19 Jan. A big week ahead for the Euro. ECB meeting (QE?), Thursday, Greek election Sunday.

Another day, another trend low for the Euro on Friday. This comes ahead of this weeks all-important ECB meeting where Mario Draghi will almost certainly announce that some form of  EZ QE is about to get under way, which will be followed by the Greek election, Sunday, where a left wing victory looks to be on the

9 Jan: Euro recovers from another multi year low. Focus now on China’s CPI and the US Jobs /NFP data.

Soft EZ data saw the Euro head to multi year lows of 1.1753 before a recovery to sit close to 1.1800, while Cable gave 1.5000 a nudge before squeezing back to 1.5100. The Yen was rangebound below 120.00 while the Aud and Kiwi both made solid gains. There will be no report today as I am

6 Jan: Dollar mixed as stocks, oil head sharply lower. Possible Greek EU exit pressuring the Euro.

Greek EU exit/default rumours had the Euro under heavy pressure early in today’s session, although the dollar was unable to to take further advantage of the weak German State inflation data, as it came under some pressure of its own once oil prices again fell heavily, taking the stock markets with it. More choppy action looks

Euro Falls to Nine Year Low

The odds may be long that Greece leaves the euro, considerably less that the ECB will start quantitative easing soon and no better than even that the Fed will  begin to raise rates by June. The speculation on any one of these events would be enough to put the euro on the defensive. All three

Today’s Trading Edge: EUR/USD –Euro collapse continues after runaway gap

EUR/USD continues to sink as fears grow that Greece may leave the euro.  Price action on the 30 minute chart displays a runaway gap that shows a continuation of the downward move with price blowing right by the 1.20 psychological handle and making a new 9-year low at 1.1862.  Last week’s euro post highlighted the

Euro Falls on Building Greece Instability Concerns Before Election

DailyFX.com – Want to trade with proprietary strategies developed by FXCM? Find out how here. Talking Points: Euro Falls on Building Greece Instability Fears Before Jan 25 Election EURUSD Falls Below 1.1900 Figure For the First Time Since 2006 Follow the Latest Market Developments with the Real Time News Feed A poll conducted by the

Today’s Trading Edge: EUR/USD –Draghi QE comments sink euro

EUR/USD hit my downward target of 1.2050 after comments from ECB President Mario Draghi highlighted the increased likelihood of seeing a large-scale quantitative easing program out of Europe.  The exchange rate fell to a new 4 ½ year low to 1.2209.  Another key bearish driver was the IMF COFER that announced that euro global reserves

Today’s Trading Edge: EUR/USD – Euro rebounds after sharp fall to new low

EUR/USD has rebounded slightly back around the 1.2200 handle after having plunged to a new two-year low.  Prior to this new low, euro-dollar was tentatively respecting the 1.2250 level last week.  This level may now become key resistance for the current slide.  The 60-minute EUR/USD chart displays the key reversal that occurred with a bearish

Today’s Trading Edge: To short euro, or to sell crude, that is the question

Traders are becoming heavily one sided with their bearish bets on both the euro and crude oil.  Both instruments have overwhelming fundamental pictures that support further downside for both.  The euro is expected to accelerate its losses once the European Central Bank begins aggressively launching a large-scale government bond buying program.  Crude oil is poised

10 Dec: US$ uptrend on hold as Yen, Euro stage partial recovery. China CPI today’s focus.

General US$ weakness allowed the other majors to make a decent recovery today from their recent trend lows, before the dollar staged a partial recovery of its own late in the session. In the absence of any major EU or US data today, it could end up being choppy but rather without direction, so the