Category: Forex News

EUR/USD falls to new lows as the greenback surges

EUR/USD is trading at 1.1170. Fundamentally, the move originates from the US side, but also end-of-month factors are in play. The low so far is 1.1175 and the pair is bouncing, but below the 1.12 support line.

The euro is not alone in sliding against the greenback.

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Talking markets with Dale Pinkert: GDP and lots more [Video]

Talking markets with Dale Pinkert: GDP and lots more [Video]

I had the pleasure to speak with Dale Pinkert of FXStreet’s Live Analysis Room. We covered the GDP release but certainly went beyond this single figure and our conversation spanned a lot of currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD and crosses. We discussed fundamentals and technicals using charts. Here is the video: Broadcast live streaming video

US GDP revised to 2.2% – better than expected

US GDP revised to 2.2% – better than expected

The annualized rate of US GDP growth was revised down to 2.2%, somewhat better than 2% expected but of course lower than 2.6% initially reported. The dollar ticked up by just a bit. You can watch the live coverage on this here. Within the various components, inventories took the hardest hit. This is actually a positive

German inflation better than expected

German inflation better than expected

German consumer prices rise 0.1% y/y, contrary to a fall of 0.2% in the  predicted in the national numbers. Month over month, prices rise 0.9%. The EU standard figures still show a drop of 0.1% but m/m rise of 1%. All numbers beat predictions. EUR/USD is ticking up to 1.1240. This positive surprise was not entirely unexpected

USD/CAD: Bullish Engulfing; EUR/USD: Breakout – BofA Merrill

USD/CAD: Bullish Engulfing; EUR/USD: Breakout – BofA Merrill

Has the US dollar ended its correction and consolidation, beginning a new rally? The team at BofA Merrill suspects so and focuses on two currency pairs: For the loonie, a bull trend beyond 1.30 on USD/CAD is possible and targets are also ambitious for a lower EUR/USD: Here is their view, courtesy of eFXnews: Evidence says

USD Index Moves Towards New Highs, USDJPY Finding Support – Elliott Wave Analysis

USD Index Moves Towards New Highs, USDJPY Finding Support – Elliott Wave Analysis

The USD index turned higher yesterday and took out two important levels; 95.03 which is a high of a wave D and also the upper triangle line. The next thing to watch is the leg from 94.04 that is sharp and impulsive so we definitely expect more upside in the sessions ahead as we want

Investors Excited Over Markets’ Easy Reputation

Investors Excited Over Markets’ Easy Reputation

Global equities reached new all-time highs as European bond yields sank to new lows as investors position themselves ahead of next week’s European Central Bank meeting. Markets are preparing for the next leg of the “Global QE Era” as participants expect more plans concerning Europe’s bond-buying scheme now that the latest Greek crisis has been

EUR/USD finally falls out of range – more to come?

EUR/USD finally falls out of range – more to come?

EUR/USD was stuck in a narrow range throughout February. However, in the penultimate day of the month, the pair finally moves lower and trades at the lowest since January 27th. The trigger was a one-two punch from the US: bullish words from Bullard and solid inflation data, that emerged as a winner from a big bulk of

US data is good enough – USD stronger

US data is good enough – USD stronger

Lots of numbers: jobless claims disappointed with a rise to 313K, worse than expected. CPI fell 0.7% m/m, more than expected, but due to oil. Core CPI actually rose +0.2%, better than expected. Y/y -0.1% in the headline number and 1.6% in core CPI. Durable goods orders rose 2.8%. However, durable goods orders rose by

Bullish Bullard Boosts the Buck

Bullish Bullard Boosts the Buck

FOMC member James Bullard, who has moved markets more than once, did it again: he dismissed the US dollar’s effect on the economy. His description of a stronger dollar on the economy as “marginal. His comments contributed to a stronger greenback. EUR/USD is trading in the lower end of the range, around 1.1313. Bullard also referred to the