EUR/USD – Bullish Hints Inside the Range?
EUR/USD is trading in a range for over a month. While the long term trend is bearish, some bullish hints can be found within this range. Since February 4th, EUR/USD plunged into a range between 1.3423 to 1.3850. At the beginning the trend in the hourly charts was negative. On February 19th, the bottom line [...]
EUR/USD – New Week, New Lower Range
EUR/USD dipped below another important support line and is getting used to a new range. Will it settle in a lower range next week? Not so fast. Here’s an updated technical look at EUR/USD. The reasons for the fall start in Greece and end at Washington or Beijing – the EUR/USD bears are everywhere. But [...]
EUR/USD Badly Positioned for the NFP
Close to the release of the all-important Non-Farm Payrolls, the Euro got some bad news and is now closer to the bottom of the range. Here’s an update. The European Unemployment Rate disappointed with a rise to 10%. This rise was worse than early expectations for a rise to 9.9%. We also found out that [...]
EUR/USD enjoys good figures. Where next?
Contrary to last week’s behavior, the Euro rides higher on good figures, and says goodbye to the range once again. Is this another temporary swing? Or is the next target, of 1.5283 already marked? Also the rising Pending Home Sales in the US help the Euro, as the feeling of world recovery makes the “safe [...]
Euro gets good figures but fails to break – Is a fall coming?
Good figures sent the Euro higher today, but failed to take it out of the range. How long will this last? Are the dollar bulls ready to rage? Preliminary GDP proved correct in Germany. The 0.7% growth that was reported for Q3 was confirmed today with the final GDP release. German Ifo Business Climate exceeded [...]
Forex Daily Outlook – November 24th 2009
After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook: Japan’s BOJ Monthly Report starts the day, with an insight into the economy. [...]
Dollar fights back – weekly roundup
The dollar isn’t giving up so easily. This sent some currencies down, while others are stuck in a range. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others. [...]
Forex Daily Outlook – November 20th 2009
The last day of this week is rather quiet, but with a rate decision in Japan. Will the markets continue to be trade in the same ranges? The BOJ gets together once again to make a rate decision. Japan’s Overnight Call Rate isn’t expected to budge from 0.1% – rock bottom. Yen traders will focus [...]
Aussie and Kiwi out of range
While most currencies are stuck in the same range in the past two weeks, the AUD/USD and NZD/USD are out of these ranges – to the downside. The sun currently doesn’t shine on the high yielding currencies of the south pacific. AUD/USD out of range – click to enlarge. Yesterday I described how the EUR/USD [...]
Range Trading
This week’s forex trading is quite boring – most currency pairs trade in specific range. While this trade pattern isn’t exciting, it offers opportunities to run up and down the range. Could this range signal that the long-term fall of the dollar is about to change? EUR/USD, the world’s favorite pair, is trading between 1.48 [...]
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