Euro Dollar: The euro has suffered from a lack of confidence Thursday, August 12, 2010 at 11:51

Always misdirected this morning against the dollar, the euro suffers from fears of a global economic recovery soft. An atmosphere that has cooled significantly in the trading floor since the Fed's statement following its decision Tuesday not to change its main interest rate. For now, as confirmed by the technical analysis of major indices on both sides of the Atlantic, the gauge of short-term confidence is very unfavorable for the euro currency 'at risk' par excellence.

Around 11:40 am, the spot EURUSD is approximately 1.2850.

From a graphical perspective, the currency pair still has a pronounced downward bias, as seen on the daily schedules. However, to guard against a potential technical rebound could take place on equity markets - which would not fail to startle our currency - currency traders prefer to play the card of caution.
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Euro Dollar: Decline of the euro after the Fed Wednesday, August 11, 2010 at 11:51

The euro fell back against the dollar up today and returns to a level close to 1.3050. If initially, the dollar was punished yesterday in the wake of news the Fed fears of sluggish economic recovery has weakened somewhat after the asset at risk is the single currency. Furthermore, in a tense situation in the short term the main stock markets on both sides of the Atlantic, and given the strong growth of the Euro in the last weeks, we could see a corrective phase significantly on the Euro / Dollar.

Around 11:40 am, the spot EURUSD is approximately 1.3050, and found its levels of earlier this month.

From a graphical perspective, the move below the moving average 100 hours (trend line on this very significant spot in the final hours) has signed the start of a downward wave. After a big pull back last night that moving average, parity has taken a bearish bias. We'll bet for the time on a continuing downturn in the direction of 1.2950.
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Euro Dollar: Jumpy before the Fed Tuesday, August 10, 2010 at 11:59

The Euro continued its downtrend against the dollar this morning in an exchange market extremely cautious approach to the Fed meeting. The single currency was also difficult to attract traders in the short term, while equity markets approach a phase of top trend. Pending the decision of the Fed (20:15), and more specifically the content of the comments accompanying the decision, traders will look to industrial productivity and wholesale inventories.

Around 11:50, the spot euro / dollar is approximately 1.3160.

From a graphical point of view, the palpable excitement of the approaching end of the Fed meeting results in short-term oscillations erratic, difficult to decipher for the technical analyst. We prefer these conditions deemed risky not to take a position on the Euro Dollar immediately.
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Euro Dollar: The euro consolidated, to $ 1.33 Monday, August 9, 2010 at 11:22

Despite very disappointing macroeconomic statistics on U.S. employment, published late last week, the euro has shown great strength and reinforces its advance against the dollar, close to 1.33. The operators did not discard the single currency, asset by 'at risk', unlike the dollar, due to the excellent resistance of equity markets in the U.S. Friday. The major stock indexes have in effect accused and very thin folds, benefiting from a rebound in confidence during the session. The Dow Jones industrial average and the Nasdaq Composite, which paved candles daily rather attractive, does that have depreciated 0.20% each.
It will be recalled that, according to the U.S. Department of Labor, 131,000 non-farm jobs were lost and the unemployment rate remains unchanged, 9.5%.
Around 11:10, the Euro, which continues to consolidate, is approximately 1.3280.
From a graphical perspective, the currency pair euro / dollar continues to draw on a set schedule in terms of consolidation. A continuation of this phase of pause on the current levels is at present the preferred option of our team of technical analysts, and traders prefer not to take a position in the immediate future, in terms of graphics deemed unsuitable.

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Euro Dollar: A depreciation of the euro is possible in the short term Tuesday, July 27, 2010 at 11:52

After having stagnated following the announcement of good results from European banks to stress tests, currency traders have finally decided to take long positions on the cross. The euro has appreciated against the dollar but also against the yen.
At 11:50, the spot is approximately 1.2980 Euro Dollar $ Euro Yen cross and traded around the 113.40 yen.
In daily data, the cross is located in an ascending channel (shown in black). This provides a level of support around the $ 1.2860. $ 1.3125 The act of resistance. This level corresponds to a 38.20% retracement of the decline between December 2009 and the low points in June 2010.
In the medium term, we remain bearish as long as $ 1.3125 are not exceeded in the direction of $ 1.2733 (+ graphic level moving average 20 days).
Despite the bullish momentum given day, the Euro Dollar remains under pressure. Indeed, the resistance of $ 1.3021 slows the progression of the cross. Exceeding this last bullish momentum could be achieved towards the $ 1.3125 (level of resistance to medium term).
In the short term, a return to parity in the direction of $ 1.288/60 (channel support daily) is our preferred scenario.

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Euro Dollar: The German IFO scrambled Euro Friday, July 23, 2010, 12:48

Yesterday investors welcomed a volley of good macro-economic statistics in the eurozone. In France, the INSEE survey showed that manufacturers are more optimistic (98 against 96 in June), while in Germany, the manufacturing PMI came out at spring up to 61.2 (against 58.4 in June).
This morning, the pleasant surprise comes from Germany. According to the Institute of Economic Research and Forecasting German (Institut für Wirtschaftsforschung), index Ifo business climate emerged at 106.2 points as of July, against 101.8 points in June, and 101 5 anticipated by economists. The reaction on the foreign exchange market did not wait, the euro has appreciated sharply against the dollar.
Nevertheless, the nervousness is still palpable on Friday on financial markets, who are eagerly awaiting the results of the infamous "stress tests", scheduled for late afternoon (around 18 hours a priori). An exercise that should not reveal major surprises and may even reassure analysts said Paris pretty confident before the verdict.

Around 12:30 the spot is approximately $ 1.2940.

From a graphical perspective, the momentum remains bearish in the medium term. However, exceeding the $ 1.31 invalidate our scenario and then propel cross towards $ 1.3511.
Yesterday the currency pair euro / dollar moved in a downward channel (visible in black on the chart given daily). But it was invalidated. The potential output channel which is around the $ 1.2967 was reached.

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Euro Dollar: Pending the results of stress tests Wednesday, July 21, 2010 13:12

The approach of the results of the famous "stress tests" of European banks on Friday and set the hearing of Ben Bernanke on Wednesday, have heightened fears of investors. The chairman of the Federal Reserve (FED) will today and tomorrow before the Senate's verdict on the U.S. economy.
This morning, the euro depreciated against both the dollar and the yen.
The European currency is still penalized by the traders' fears about the results of stress test, despite the reassuring words of Dominique Strauss-Kahn. The director of the International Monetary Fund (IMF), displays some confidence before the appointment, saying that banks "are strong enough to withstand any earthquake either. It does not, however, that the tests might reveal "by here and there, small financial institutions in difficulty."

Towards the spot is approximately 13h $ 1.2810.

From a graphical perspective, the momentum remains bearish in the medium term. However, exceeding the $ 1.31 invalidate our scenario and then propel cross towards $ 1.3511.
The currency pair euro / dollar was changing yesterday in a trading range ($ 1289 - $ 1.30). The latter has been broken down. A short-term downward momentum should occur towards $ 1.2778, $ 1.2672 even.

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