Results for 'EURUSD'
102 articles with this tag name
Updated May 8, 2013 9:00:00 AM
The EUR has staged an impressive recovery in the last few days boosted by record highs in US stock markets and some impressive German data. German factory orders and industrial production both smashed expectations, which suggest that the largest country in the currency bloc had a strong end to Q1. EURUSD sliced through resistance at 1.3130 earlier, and is testing 1.3165-70 recent highs. If we get above here then 1.3210-40 resistance is back on
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Updated May 10, 2013 6:00:00 AM
If the FX market is a one horse town, then the yen is the horse today. Conspiracy theories abound as to why USDJPY slammed through 100.00 on what was a fairly quiet NYC afternoon. My personal favourite so far is from a story in the Wall Street Journal that a single trader took advantage of quiet markets, and started bidding up UISDJPY in 10 pip increments, happily thwarting the sellers. Could this individual trader perhaps
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Updated May 3, 2013 9:50:00 AM
• Details: 165k payrolls for April, upward revision to March number from 88k to 138k, total revisions for the last two months top 114k. The unemployment rate drops to 7.5%, the lowest level since the end of 2008. • Sectors that created jobs: professional and business services, leisure and hospitality, retail and healthcare. There was little change in jobs in the construction sector, mining and finance. The government shed 11k jobs last month.
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Updated May 14, 2013 8:00:00 AM
After a slow start in financial markets this week a couple of themes are emerging: the yen is rebounding and the euro is getting hit from comments coming out of the Eurozone finance ministers meeting in Brussels. Could the Japanese authorities’ enormous stimulus plan be about to bite the government? 5-year government bond yields have surged to their highest level in 2 years this morning. While the nominal level of the 5-year yield is
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Updated May 14, 2013 5:30:00 AM
After a stunning end to last week and a major breakout in USDJPY, the dollar’s performance in the last 24 hours has been lacklustre at best. The dollar index has run into key resistance at 83.50 – the high from late March, opening the way for a decline back to 82.70 – the top of the daily cloud and an important support zone. So is this the end of the dollar rally, or just
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Updated Mar 22, 2013 5:00:00 PM
All the talk this week was dominated by a small island country in the EU which a little over a week ago most people would struggle to even locate on a map – Cyprus. While the sheer size of the potential bailout is rather minimal, the Troika appears set in principle that they will not continue to lend to insolvent institutions. This was reinforced earlier today when the Troika decided to hike Cyprus’s bailout contribution
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Updated Apr 23, 2013 7:40:00 PM
Several weeks ago we highlighted that if November low around $3.40 gives way, “it would confirm the resumption of the downtrend, as it would see lower highs and lower lows. If this is the case, the next key levels of support are $3.20/25 (2012 low), $3.00 (2011 low) and $2.50/55 – Triangle measure move projection. That being said, this triangular consolidation pattern took years to develop, thus it could take several weeks/months/quarters to fully play
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Updated Apr 17, 2013 4:00:00 PM
Since the Euro reached 1.3075 and 1.3120 over the past week or two, it satisfied two important things that technicians will look for during a correction – Closing a gap (from 3/15-18 weekend) & achieving the 38.2% retracement (of the 2013 decline). Price action shortly thereafter began to stagnate between the 100-day sma (1.3145/55) and the daily 144 & 169 EMA’s around 1.3030/40 for a few days. Finally, yesterday EURUSD saw a break above the
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Updated Jan 14, 2013 5:35:00 PM
Since the beginning of December we expressed the prospective of further potential EUR/USD upside after it took out the highlighted 1.30 level – which saw the convergence of long-term trendline resistance (drawn from 2011 high), the top of the daily Ichimoku Cloud as well as option related barrier protection and this was coincided by a daily RSI break above the key 65 level. Once breached, this technical setup suggested a test of the 1.3150/80 level
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Updated Feb 6, 2013 7:45:00 PM
All week long I have been hearing and fielding questions about EUR/USD and the potential impact that the ECB interest rate announcement could have on the single currency. Furthermore, we’ve read countless research papers as to how this ‘key’ event could send the Euro measurably higher or lower over the ensuing sessions. That being said, rather than establishing a renewed up/down-trend, we believe the EUR/USD is more likely to experience choppiness in the aftermath of
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