Post Tagged with: "consumer sentiment"
EUR/USD Jan. 27 – Bounces Off Channel Resistance as Euphoria Fades
Euro dollar couldn’t break above uptrend resistance and is now settling in range. The euphoria that followed Bernanke’s moves faded away. The situation around Greece remains tense – a deal on Private Sector Involvement is always close, but it isn’t sealed. Also the ECB’s role is still to be seen. Today we get the initial assessment
EUR/USD Dec. 22 – Rising in Range on Thin Air
Euro dollar is making another attempt to move higher, after a breakout yesterday proved to be temporary. Yesterday’s huge indirect QE operation by the ECB is still digested as volume gets thinner before the holiday season. The highly anticipated French downgrade didn’t happen yet. Is S&P waiting for even thinner volume? Today we have important US
EUR/USD Nov. 23 – Falling to Lower Range on Higher Yields, Dexia and China
Euro dollar fell to the lower end of the range after worries about global growth came from China: manufacturing returned to contraction zone. In addition, there are complications in the breakup of Dexia – the first European bank to fall due to the debt crisis. European bond yields remain at scary levels. A very busy day
EUR/USD Nov. 11 – Capped Under Resistance Before Italian Vote
Euro dollar is trading quietly after the storms of recent days. It is clearly capped under resistance. With holidays in quite a few countries, liquidity is low. Will trading remain quiet? Or will it be a wild Friday with exaggerated moves due to this low liquidity? Italy is not holiday. Here’s a quick update on technicals,
EUR/USD Sep. 30 – End of Week, Month, Quarter and Rally?
Euro dollar is unwinding its gains and returning to the lower range, below yet another support line. Is the correction already over? Strong European inflation didn’t cheer the euro, that received quite a few bad figures. The last hours of the week, month and quarter will likely provide more choppy trading as positions are adjusted. Here’s
EUR/USD Sep. 16 – Loses Important Support After Dollar Liquidity Euphoria Fades
Euro dollar is slowly testing lower ground below critical support and under the former uptrend line. The euphoria from the joint announcement by 5 central banks to provide dollar liquidity to struggling European banks is slowly fading. The week ends with two major US releases and also the finance ministers meeting. How close is the Greek
EUR/USD Aug 26 – Staying in Range Before Bernanke
Euro dollar remains in a tight range before the highly anticipated speech by Ben Bernanke in Jackson Hole. Will Bernanke trigger a breakout? We have quite a few events to end the week with. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Range trading continued, with
EUR/USD Aug 12 – Ignoring French News, Steady in Range
Euro dollar is very steady in range, ignoring a poor GDP read from France, which joins previous weakness from Europe’s second largest economy. Also the drop in EMU industrial output in choppy trading. We have a busy US schedule to wrap up the week. How will this volatile week end? Here’s a quick update on technicals,
EUR/USD July 29 – Pulling Off Lows On US Deadlock
Euro dollar managed to bounce off its lows as the political deadlock in the US continues. The euro fell and is still pressured by the rising Spanish and Italian yields. Today’s US GDP and also European inflation will provide a powerful end to the week in a busy calendar. How will the ugly contest end this
EUR/USD July 15 – Slide Continues Ahead of Stress Tests
Euro dollar continues to slide lower, as tension mounts towards the stress tests for the European banking system. These could prove to be a lose lose situation for the euro. The pair is also pushed lower by the lower chances of QE3. We’ll get to see how real this is with fresh inflation figures from the