Today is Sat, November 28, 2015 16:00:30 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Currencies » EUR USD News

Top Trade Idea for 11/27/2015 – Fibonacci says sell EUR/AUD

In a contest between two weakening currencies, who wins? In the current environment, the currency with the largest central bank. I’d back the RBA to box well above its weight, but it’s just not in the same category as the ECB. A continuation of the current downtrend in EUR/AUD seems likely, and even Leonardo Bonacci […]

USD/CAD Loonie Slightly Higher on US Thanksgiving Despite Softer Oil Prices

The USD depreciated 0.0632 percent versus the CAD during the U.S. Thanksgiving holiday. There was little trading volume during the session. The USD/CAD traded in a range between 1.3320 and 1.3280. The Loonie opened weaker versus the U.S. dollar and as the price of oil dropped as the oversupply narrative grew during the day. As […]

FX Market Moves Flat Line For Now

U.S markets are closed today for Thanksgiving and will shut early tomorrow. Despite the shortened trading week, dealers and investors have had a plethora of U.S data to consider that could convince an undecided Fed member to shift allegiance. Yesterday’s U.S durable goods data was better than expected (+0.5% vs. -0.3%), while U.S personal spending […]

PMI Improvements Shouldn’t Stall ECB Easing

Growth in the eurozone may pick up from its current uninspiring levels if this morning’s release of November PMI readings are anything to go by. The numbers were expected to remain broadly in line with those seen in October but it turns out both the manufacturing and services sectors outperformed in the eurozone this month, […]

USD at 7-month high against EUR

Despite the holiday shortened trading week, dealers and investors continue to prep for next months two-day FOMC meeting. Divergence in monetary policy remains the theme in FX ahead of several December important central bank meetings. Not surprisingly, the dollar remains on the offensive across the major pairs as short-term U.S rates continue back up in […]

Week in FX: FOMC Minutes Show December Rate Hike on Track

The Notes from the October FOMC signal the Fed is gearing towards the first rate hike in a decade. The USD finished the week higher against the majors, except the AUD after the Reserve Bank of Australia published the minutes of its November 3 monetary policy meeting and ruled out further rate cuts. The Federal […]

Euro Drops as Draghi Reaffirms Dovish Stance

Draghi vows to “do what we must” ECB President Mario Draghi once again delivered a very dovish message during his speech at Euro Finance Week this morning. His “we will do what we must” comment was almost reminiscent of his “whatever it takes” pledge back in 2012, although of course the latter was far more […]

Slow Lift Off Hurts Dollar

FOMC Minutes: “Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these conditions could well be met by the time of the next meeting” (December 15-16). Minutes gave investors little incentive to add to their long dollar positions: The USD […]

Top trade idea for November 18th, 2015 – Dollar Index

After Monday’s big dollar-bullish move, the foreign exchange market has been relatively mixed over the last 48 hours, not coincidentally mirroring the uncertainty traders are feeling toward future Federal Reserve policy. The widely-watched EUR/USD pairing fell to a fresh 7-month low in the mid-1.0600s before bouncing modestly today, while other European currencies, as well as […]

FX: Fears Subside, Rate Divergence Dominate

Central Banks monetary policy divergence continues to be the catalyst in the FX market. Similar to other recent terror attacks, capital markets response to the weekend events in Paris have been short lived. The brief risk-off trading has finished as investors continue to covet the dollar in anticipation for the first Fed hike in nearly […]

Top trade idea for November 16th, 2015 – EUR/JPY

Trading opportunities for currency pair: after a gap in the morning, a pinbar formed at 131.30. As part of a correction, a growth to 133.21 can be expected. This idea’s lifetime is just one short week and will become invalid if we see a closing of above 130.64. What’s of interest at the moment? At […]

US Consumer Sentiment Climbs In November

Consumer sentiment climbed more than forecast in November as Americans took heart in lower interest rates and store discounts. The University of Michigan’s preliminary consumer sentiment index for this month rose to 93.1, a four-month high, from 90 in October, a report showed Friday. The median projection in a Bloomberg survey called for a reading […]

Are We About to See the Return of the Consumer?

A six week winning streak in U.S. indices is on course to come to an abrupt end on Friday as this weeks’ commodity rout, likely combined with some profit taking in the absence of too much data, takes its toll. This morning’s GDP data from the eurozone has done nothing to lift sentiment in Europe […]

Draghi Stokes Easing Expectations

Despite the EUR being confined to a tight trading range since last Friday’s upbeat non-farm payroll (NFP) report (€1.0681-1.0790), today’s well-timed dovish rhetoric delivered by Draghi is keeping capital markets on its toes. However, he is not the only one, later this morning no fewer than five Fed speakers are due to hit the wires […]

Top trade idea for November 12th, 2015 – EURUSD

Despite the general belief that the eurusd is going to parity and below I would like to take my chances on a small bounce and while the risk-reward ratio is not that attractive here, there is still a temporary bottom that may form. The pair is coming down in a five wave structure on the […]

Will ECB Draghi Provide Today’s FX Clue?

Position adjustments by investors in thin trading conditions have managed to punish the dollar on this Veteran’s Day. The mighty buck has given back some of this week’s gained ground across the board. The EUR printed an intraday six-month low outright yesterday (€1.0682) as the market prepares itself for looser monetary policy from the Eurozone […]

EURUSD – Selling Continues But Divergence Remains

The euro has broken lower against the dollar again today following a short period of consolidation and 1.07 is once again coming under some pressure. Prior to this move we had seen a divergence appearing in the pair, with the stochastic making higher lows even as the pair fell from 1.0865 to 1.0707. This suggested […]

Dollar Direction Is Not One Way Traffic

It seems that the reality of a coming U.S Fed hike next month is starting to really kick in. Not surprisingly, the U.S equity market managed to grab the “bearish baton” from its global counterparts after fully digesting Friday’s stellar non-farm payroll report (NFP) yesterday. U.S indices have now officially fallen back into the red […]

EURUSD – Have We Found a Short-Term Bottom?

EURUSD may be on the decline again having consolidated since Friday’s sell-off on the back of the surprisingly strong US jobs report. A flag formation followed Friday’s selling and it appears the trend line support has now been broken which could now see 1.07 come under pressure again.This pair has experienced a lot of selling […]

Caution Seen Ahead of Crucial Jobs Report

U.S. futures are little changed as we approach the open on Friday, as investors adopt a more cautious approach ahead of the penultimate jobs report before December’s highly anticipated FOMC meeting. The Federal Reserve has consistently stated that it intends to raise interest rates this year as long as the economy continues to recover in […]

Powered by DayLife

Complete Calendar