Euro Dollar: Currency traders and febrile await U.S. jobs Wednesday, June 30, 2010 at 11:59

The sense of caution prevails on the currency pair euro / dollar this morning, in a very unfavorable for taking risks on the foreign exchange market. Equity markets, true representatives of the family assets at risk, continue to shake the hand and operators of the Atlantic, in a tense situation on the issue of public debts of a number of member countries Euro Zone. Furthermore, traders are taking a cautious approach to the publication at 14.15's investigation firm ADP on the health of the U.S. labor market before the official figures on the weekend.

Around 11:50, the spot EURUSD is approximately 1.2260.

On the macroeconomic side, traders will learn about the survey on employment within the meaning of American private practice in human resources ADP at 14.15, the Chicago PMI index to 1545 and reports weekly U.S. oil inventories at 16:30. (Paris time)
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Euro Dollar : L'Euro flanche avec les marchés actions Mardi 29 juin 2010 à 11:34

Euro frankly off again down this morning, traders clearly playing the card of confidence in a context of depressed market on both sides of the Atlantic. The prospect of a technical rebound in European equity markets is also rejected this morning on the French market, which leaves around 11:00 am near 2.50%. Operators are now waiting eagerly awaited febrile U.S. employment figures provided for the weekend. They have a preview on Wednesday with the survey on employment by the private firm in human resources ADP.

Around 11:10, the spot EURUSD is approximately 1.2200.

From a graphical perspective, the lively downward acceleration of the observable cross this morning, should be followed by a legitimate phase of consolidation to around 1.2200. An episode similar to that observed last night, and that is not conducive to short-term stance on the currency pair ...

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Euro Dollar: Euro steady after G20 Monday, June 28, 2010 at 11:20

The Euro continues to draw its continuous oscillations in narrow ranges against the dollar at close of 1.2400, a low volatility despite the end of the meeting of the G20 summit held in Toronto this weekend . Note that the statement is extremely consensual, does not contain any concrete cutting and austerity policies carried out in a number of developed countries to resolve the thorny problem of debt.

Around 11:00, the spot EURUSD is approximately 1.2370.

From a graphic point of view, cross, who has joined moving average at 20 days (depicted in dark blue for schedule) continues its consolidation phase flat in a horizontal range between 1.2345 and 1.2400. Our analysts anticipate a continuation for the time of "pause" between these two levels during the next hours.

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Euro Dollar: depressed equity markets, the Euro toasts Friday, June 25, 2010 at 10:43

Euro lags easing bias this morning in the wake of the negative direction of the main European and U.S. equity markets. Technical analysis also gives important clues about the potential still important for clearance to come to this asset class risk, and this morning the CAC 40 and the Dax are still unable to register the beginning of a rebound technique. This situation penalizes the Euro on the foreign exchange market, currency traders prefer to opt for safe-haven assets, in primis the greenback.

Around 10:30, the spot EURUSD is approximately 1.2310.

From a graphical perspective, the timid rebound which began on June 23 showed its limits. The movement of exhaustion observed around the moving average 100 hours (drawn to orange zone) will allow traders to contemplate the return of pressure vendors. A goal will be close to 1.2210 in the viewfinder of operators.

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Euro Dollar: New Releases for the Euro Thursday, June 24, 2010 at 11:01

The euro weakened this morning in a very unfavorable equity markets on both sides of the Atlantic. The single currency had yet demonstrated yesterday in the wake of resistance from the status quo of the Central American Bank. A decision with comments extremely cautious about growth prospects across the Atlantic, in rejecting the possibility of further engagement of a new bull cycle on rates.

Around 10:55, the spot EURUSD is approximately 1.2275.

From a graphical perspective, the moving average 100 hours (in orange for schedule) was clearly deflected downward and the spotlight finds himself unable to draw new 'highest'. Figure drawn from 15 June to encourage dealers to schedule vendor board on the single currency in the short term. They will target an area close to 1.2168
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Euro Dollar: The appetite for risk declines Wednesday, June 23, 2010 at 11:14

The euro stabilized against the dollar this morning after suffering reflux attributable to rollover short-term observable market shares, leading the family of so-called risk assets. Yesterday clearances intensified on Wall Street, in the wake of the publication of a decline in existing home resales. According to the National Association of Realtors (NAR), slightly more than 5.66 million houses and apartments have changed hands last month against 5.79 million (revised up) in April. The gauge of risk appetite is for now on the decline, and traders will draw conclusions as to their trading plan on the Euro / Dollar.

Around 11:00, the spot EURUSD is approximately 1.2280.

From a graphical perspective, the view schedule gives us only very few readable information, both in terms of reading combinations of candles on the recognition of figures of chartists. We prefer these conditions are not conducive to the position short term, stay out of the market on this currency pair.
On the macroeconomic side, traders will learn about the nine U.S. home sales at 16:00, the weekly report on petroleum inventories at 16:30. Finally, we will know the outcome of the meeting of the Monetary Policy Committee of the Fed / FOMC at 20:15. (Paris time)


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Euro Dollar: The decline of the euro still relevant Tuesday, June 22, 2010 at 11:42

The announcement by the Chinese regime to a relaxation of its currency regime will not allow the European currency to stabilize the $ 1.24. The medium term trend remains bearish and the corrective movement started yesterday should continue. The fiscal position of a number of European countries still worried operators and the prospect of economic recovery on the Old Continent is not currently the preferred option for investors.

Around 11:20, the spot is approximately 1.2300.

From a graphical point of view, our opinion on the EUR USD has not changed. We are still bearish medium-term direction of 1.2145 or even 1.1877 until 1.2672 are not exceeded. In given time, the upward sloping black was visible down as we had expected yesterday morning.
In the short term, as long as 1.2353 are not exceeded on a return 1.2242 is expected, should it not stand the cross should move to 1.2145, consistent with our primary objective medium term.
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions in the Euro / Dollar 1.2242 targeting, while placing stop loss at- above 1.2354.

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Euro Dollar: The depreciation of the euro still at the heart of concerns Monday, June 21, 2010 at 11:12

The configuration remains heavily bearish medium term the Euro against the Dollar. The technical rebound of the cross, observed these days, seems to have culminated in the vicinity of $ 1.2470. The rebound current Euro / Dollar exchange due to the announcement on Saturday by the Chinese government of a future easing of its currency regime. The Yuan, or renminbi will now be allowed to fluctuate against the dollar. The other important information at the beginning of the week comes from the Russian news channel Russia Today. The latter aired an interview with the President of the European Central Bank, where Jean-Claude Trichet said: "I always said that the euro is a very credible currency, whose value lies on price stability throughout a period of 11 years and a half.
Indecision now palpable in the halls of markets, including equity markets where the major indices are close to important resistance levels. The technical analysis of U.S. indexes invites us to the utmost caution. If one were to attend a new recession of shares, the single currency, also classifiable assets at risk, would surely suffer a rush of investors to the dollar shelter. Despite the reassuring words quoted above by the President of the European Central Bank.

Around 11:30 am, spot EURUSD is approximately 1.24.

From a graphical perspective, given in daily, as long as 1.2672 are not exceeded the momentum remains bearish in the medium term. This level corresponds to both: to 23.6% retracement of the decline since December 2009 on top of the cross but also to a significant level of resistance chart. In given time, the upward sloping visible in black on the graph supports the appreciation of the Euro against the Dollar. However, there is a slowdown of this dynamic. A break of this oblique and breach of 1.2353 $ 1.2328 $ and should validate the establishment of a reversal on the spread.
In addition, Japanese candles, the emergence and validation on the hourly chart of a figure turning confirm our recommendation.
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions in the Euro / Dollar 1.2242 targeting, while placing stop loss at- above 1.2470.

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Euro Dollar: Towards $ 1.2400, the Euro clings Friday, June 18, 2010 at 11:10

The euro this morning clinging to a threshold to $ 1.2400, in a context still favorable on all risky assets, drawn up by the renewed confidence in equity markets, share and across the Atlantic. A good performance of the single currency which is also explained by the success of a bond issue in Spain. The borrowing capacity of the state assured the Iberian market, while speculation was growing about a possible use of a financial aid plan in the form of loans to the EU and the IMF

Around 10:45, the spot EURUSD is approximately 1.2400.

From a graphical perspective, cross Euro / Dollar clings for many hours at a threshold at $ 1.2400. We will build for now, in the absence of sharp technical indices, a further break in the immediate vicinity of 1.24. Traders, however, monitor closely the behavior of the spot at the approach of the moving average 100 hours (in orange for schedule).
In this context, the team issued a notice Tradingsat.com neutral for the next few hours and offers traders stay out of the market on the currency pair euro / dollar in the short term. However, we take care to note that a crossing of the voltage to 1.2425 revive the purchase of 1.2340 while a failure rekindle selling pressure.

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Euro Dollar: Close to $ 1.2400, the Euro breathing Thursday, June 17, 2010 at 11:44

The Euro continues to resistance in a channel centered at consolidation horizntal $ 1.2300, traders are the sentiment shared among the one hand the temptation to shirk Dollars, in a rather favorable equity markets, and fears still vivid on the front of the public debt in Europe. On this point, rumors are now rife about the possibility of the preparation by the International Monetary Fund and the European Union, a plan of assistance in the form of loans to Spain.

Around 11:15, the spot euro / dollar is approximately 1.2355.

From a graphical perspective, the entry point for playing an extension of catching up began on June 8 is now less and less relevant. We prefer to remain outside the market, and avoid taking positions on the currency pair euro / dollar in the short term.
In this context, the team makes a neutral Tradingsat.com for the next few hours and offers traders stay out of the market in anticipation of next clear signs. However, we take care to note that a crossing of the voltage to 1.2450 revive the purchase of 1.2300 while a failure would boost the selling pressure.
On the macroeconomic front, the agenda will be rich this afternoon with U.S. publications include: the price index and weekly unemployment registration at 14:30, then the index of the Philadelphia Fed index and the indicators Developed under the Conference Board at 16:00.

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Euro dollar: Close to a .23 $ Euro resists Wednesday, June 16, 2010 at 11:35

The Euro is the resistance against the dollar this morning and giving up a very limited field, after the sharp rise recorded yesterday. The climate remains very positive on risky assets in a context of significant remedial actions in the markets. The trading floors will have to be especially great as yesterday welcomed the contraction in import prices in the U.S. and the excellent publication of the index "Empire State".
If fears about the budgetary situation of the European countries most vulnerable, far from being dissipated, forbid us to talk about turning bullish on the euro, it is clear that the movement is catching the thickness in a favorable context short term to all classes of risky assets.

Around 11:10, the spot EURUSD is approximately 1.2290.

From a graphical perspective, the cross continues a consolidation phase over a threshold to $ 1.2300. Under these conditions hardly conducive to a position in the short term, we prefer to simply stay neutral in the short term.
In this context, the team Tradingsat.com deliver an independent commentary on the currency pair euro / dollar and recommend traders to remain off the market waiting for clear signs coming. However, we take care to note that a crossing of the voltage to 1.2350 revive the purchase of 1.2275 while a failure rekindle selling pressure.
On the macroeconomic front, the agenda will be very dense with the Atlantic, at 14:30, the publications of housing starts and building permits, at 15:15 the level of industrial production and capacity utilization, and finally will be unveiled at 16:30 traditional stocks weekly petroleum. (Paris time)
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Euro Dollar: Renewed confidence in the markets, the euro took advantage Monday, June 14, 2010 at 11:38

The Euro continues to catch up against the dollar this morning, in a context of renewed confidence in the temporary rooms. This atmosphere, conducive to all classes of risky assets including the Euro part, is catalyzed by very good figures, released late last week, the index of U.S. consumer confidence, as defined University of Michigan. Stock indexes on both of the Atlantic took the opportunity to amplify their bounce.

Around 11:20, the spot EURUSD is approximately 1.2235.

From a graphical perspective, the currency pair euro / dollar boosts its decision height. However, no entry point trading can not be reached for effective time for a short term trade. Under these conditions, we prefer simply to stay out of the spotlight during the next few hours, and does not take a position.
In this context, the team makes a neutral Tradingsat.com for the next few hours and offers traders stay out of the market in anticipation of next clear signs. However, we take care to note that a crossing of the voltage to 1.2300 revive the purchase, while a break of 1.2200 would boost the selling pressure.
On the macroeconomic front, no major publication is expected for the rest of day.

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Euro Dollar: The euro took a breather Friday, June 11, 2010 at 11:44

The Euro remains above a threshold at $ 1.2100, after the meeting of the Monetary Committee of the European Central Bank. If as expected by the vast majority of currency traders, the main refinancing rate, the 'Resi', was not changed (1%, its lowest level since its creation), it is to the press conference M . Trichet that the attentions were laid. The Chairman of the Monetary Institution said the "credibility" of the single currency and has sought reassurances about the situtation in Greece. Moreover, the favorable equity markets on both sides of the Atlantic gives a boost to the asset risk is the euro.

Around 11:30 am, the spot EURUSD is approximately 1.2120.

From a graphical perspective, the pan-European currency has begun, following the surge began June 6, a phase of consolidation that takes place in a horizontal range between 1.2090 and 1.2150. For now, a further break in the corridor is the preferred option by our team of analysts.
In this context, the team makes a neutral Tradingsat.com for the next few hours and offers traders stay out of the market in anticipation of next clear signs. However, we take care to note that a crossing of the voltage to 1.2150 revive the purchase while a break of 1.2090 would boost the selling pressure.
On the macroeconomic front, the agenda will be full this afternoon with U.S. publications include: retail sales at 14:30, the confidence index from the University of Michigan at 15:55 and 16:00 in business inventories. (Paris time)

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Euro Dollar: Pending Trichet's remarks Thursday, June 10, 2010 at 11:39

The euro displayed a slight increase against the dollar this morning, the temptations vendors are making a lot less keen to approach the decision of the European Central Bank on interest rates. If the main one, the lowest since the inception of the Euro zone, should not be amended by a majority of traders, the focus is on the content of the comments of Jean-Claude Trichet at a press conference . The President of the ECB is expected on the key issues of the role of our monetary institutions in the severe fiscal crisis experienced by the Euro Zone.

Around 11:25, the spot EURUSD is approximately 1.2080.

From a graphical perspective, the magnitude of the current protest movement buyer remains difficult to assess, and in the context of waiting for an appointment today essential for the community of traders (decision on European rates 13h45), we prefer simply to issue a neutral opinion and recommend to our readers to stay away from the currency pair euro / dollar in the short term.
In this context, the team makes a neutral Tradingsat.com for the next few hours and offers traders stay out of the market in anticipation of next clear signs. However, we take care to note that a crossing of the voltage to 1.2100 revive the purchase of 1.2000 while a failure rekindle selling pressure.
On the macroeconomic front, the news for currency traders will be dominated by decisions of central banks English (1300) and European (13h45). Then at 14:30 will be known simultaneously showing the U.S. trade balance and U.S. unemployment weekly listings. (Paris time)

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Euro Dollar: Follow the trend! Wednesday, June 9, 2010 at 11:32

If this morning, the euro does not give up significant ground against the dollar, it is nevertheless subject to intense pressure. The psychology of the players does not change, currency traders remain extremely concerned about the fiscal situation of a number of European states. The fear of contagion to other Greek states fragile, severely penalize the Euro for several weeks. The prospect of putting pressure on growth on the continent, following the increasing austerity plan also encourages operators to cover the safe haven that is the Dollar.

Around 11h10, the spot is approximately 1.1945.

From a graphical perspective, the cross, which is significantly closer to its 100 days moving average (orange for hours, severely bearish), completes the outline of a broad consolidation is triggered on June 6 The preferred option is now a renewed tensions initial vendors, with an acceleration of the key releases in the direction of a zone close to $ 1.1800.
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions by targeting 1.1801, while placing the stop loss above 1.2000.
On the macroeconomic side, traders will learn about the U.S. wholesale inventories report at 16:00 and weekly U.S. oil inventories at 16:30. (Paris time)

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Euro Dollar: Opinions still bearish on the Euro Tuesday, June 8, 2010 at 11:38

The oscillations on the spot Euro / Dollar will be stable in the short term, but the configuration remains highly bearish. The single currency is time for a break through the finalization by the European Ministers of Finance of the European support fund, a mechanism designed to prevent the crisis from spreading Greek to other members of the Eurozone. International Monetary Fund Loans included, the overall budget of the plan amounted to 750 billion euros. Nevertheless, doubts persist about the ability of European countries most vulnerable to control their level of public deficits, and in a disturbance on the entire family active so-called "risky" situation remains very tense in our currency facing a dollar that finds its safe haven qualities.

Around 11:30 am, the spot EURUSD is approximately 1.1910.

From a graphical perspective, the cross is currently completing the route a small phase of consolidation in the plan schedule. Its failure to pass a level to $ 1.20 for enhances the time probalilités a comeback in the short term the current original vendor. It will take a position on the sale immediately on the currency pair euro / dollar, targeting an area near the $ 1.1800.
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions by targeting 1.1801, while placing the stop loss above 1.1950.
On the macroeconomic side, traders will learn the level of German industrial production at 12.00. (Paris time)

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Euro Dollar: The gauge of confidence in the red, the euro under the $ 1.2 Monday, June 7, 2010 at 11:46

The Euro is offered against the dollar this morning a slight technical rebound following its collapse last weekend, in the wake of statements by members of the Hungarian majority in the country's economic situation. Heavily penalized, the Euro touched even a 'low point' in the middle of the night under the threshold of $ 1.19 per at 1.1877 dollar, a level that had not been visited by the spot since March 10, 2006 ... At present, clearances on a continuation of the currency pair euro / dollar is expected, in a super tight on all risky assets. In this regard, the U.S. equity markets, Asian and European approach an acceleration phase of the purge. What regild a little image of the Dollar refuge during the coming days. A barrel of U.S. light crude traded for him at $ 70.95 on the Nymex, down nearly 0.80%.

Around 11:30 am, the spot EURUSD is approximately 1.1970.

From a graphical perspective, cross the line currently ends, to schedule, a quick response episode upward purely technical, to contact its 20 days moving average (dark blue). In a degraded environment, both graphic and deeply, our analysts advocate the immediate taking a short position on the Euro / Dollar.
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions in the currency pair euro / dollar by targeting 1.1801, while placing stop loss above 1.2000.
On the macroeconomic side, traders will learn about the German industrial orders at 12:00. (Paris time)

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Euro Dollar: Dollar Bet on the refuge Friday, June 4, 2010 at 11:53

If the configuration remains heavily bearish medium term the euro against the dollar, the currently undecided palapa in trading rooms, including equity markets, is still not clear meaning: the technical analysis of U.S. indexes, especially that of the index of technology stocks, the Nasdaq Composite, however, calls for greater caution in the top buyer of movement contestaire. If one were to attend a new recession of shares, the single currency, also classifiable assets at risk, would surely suffer a rush of investors to the dollar shelter. Especially since the issue of budgetary difficulties of a number of member countries of the Eurozone, continues to stifle our currency, preventing any attempt to technical rebound.

Around 11:30 am, the spot EURUSD is approximately 1.2200.

From a graphical perspective, it is clear that the structure known as 'bearish triangle' started May 10, over a support area located close to 1.2150 suggests the possibility of new releases heavy. On a smaller time scale, to schedule, the entry point is sensible short in the end contestaire upward acceleration in the moving average 100 hours (in orange).
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions in the Euro / Dollar 1.2112 targeting, while placing stop loss at- above 1.2216.
On the macroeconomic front, the major event of the day is eagerly awaited the publication of official figures of U.S. unemployment rate. Statistics is scheduled for 14:30. (Paris time)

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Euro Dollar: Lack of visibility on the Euro short-term Thursday, June 3, 2010 at 11:52

The euro regained some ground against the dollar this morning, in a context of renewed confidence in the short term traders in the stock markets on both sides of the Atlantic. Yesterday the U.S. markets have rebounded strongly (+2.64% for the Nasdaq Composite and +2.25% for the Dow Jones) in a soil favorable macro promises of U.S. housing sales have soared from 6% in April from the previous month at their highest level since October, triggering a wave of euphoria in the markets, the approach of the publication, this weekend, the official figures on U.S. employment. Note that the traders will get a taste of the health sector work across the Atlantic as early as this afternoon with the release of the ADP report.

Around 11:35, the spot EURUSD is approximately 1.2290.

From a graphical perspective, the cross is currently in a consolidation phase, in terms of time, over and above its moving average 100 hours (orange) and stabilizes the oscillations near the threshold of 1.2300. A few technical situation conducive to short-term position. They prefer simply, in these conditions, take no chances and not take a position on this currency pair.
In this context, the team makes a neutral Tradingsat.com for the next few hours and offers traders stay out of the market in anticipation of next clear signs. However, we take care to note that a crossing of the voltage to 1.2350 revive the purchase, while a break of 1.2265 would boost the selling pressure.
On the macroeconomic side, traders have to deal with a battery of macroeconomic figures from the U.S.: the employment report as the private firm ADP HR 14.15, the weekly unemployment registration at 14:30, the index ISM Services and the industrial orders at 16.00, then the weekly reports of oil stocks at 17:00. (Paris time)

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Euro Dollar: Trend is your friend! Wednesday, June 2, 2010 at 11:24

The camp seller continues to monitor the discussions on the currency pair euro / dollar. The single currency still under pressure because of budget problems on a number of Member States of the Eurozone, even touch yesterday meeting a new "low" to 1.2111, a level of weakness against the dollar which had not been an issue for over four years (April 14, 2006 precisely). If the Euro was slightly taken in the wake of the publication of good U.S. indicators yesterday afternoon, the dollar continues to suffer from a lack of confidence among investors who fear damage as standard on the sovereign ratings Old Continent.

Around 11:10, the spot EURUSD is approximately 1.2235.

From a graphical perspective, the cross marks on the daily plan, over an area of support identified near 1.2150, a figure chartist sharply downward. No technical index is campaigning for an hour for a movement contestaire buyer type technical rebound, and we benefit from an attractive entry point in terms of time, to put the sale on the Euro and s' insert in the current downward momentum, supported by a powerful seller consensus and determined.
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions by targeting 1.2112, while placing the stop loss above 1.2275.
On the macroeconomic side, traders will learn about the promises of U.S. home sales at 16:00. (Paris time)

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Euro Dollar: Violent stall the single currency Tuesday, June 1, 2010 at 11:30

After a quiet Monday in the foreign exchange market in the absence of many operators because of holidays in the United States and Great Britain, volatility is back, including the Euro / Dollar exchange, which revives an acceleration clearances. The Euro still under pressure in a context of budgetary difficulties of a number of States members of the Monetary Union of the Old Continent, just push the threshold to bluntly $ 1.22. She also suffers from a taste for risky assets far less important as evidenced by the stall in the morning of the main European stock exchanges.

Around 11:20, the spot EURUSD is approximately 1.2125.

From a graphical perspective, the cross comes in the morning to undergo a very violent drop of 175 "pips". If we remain bearish on the euro, it must nevertheless, in the short, be wary of installing a phase of consolidation, see a movement buyer contestaire technical type. In a risky situation finally the sense of money management, we prefer simply to remain neutral in the short term.
In this context the team Tradingsat.com emits a neutral for the next few hours and offers traders stay out of the market in anticipation of coming clear signs. Nevertheless, we take care to note that a crossing 1.2200 rekindle tensions with the purchase of 1.2100 while a break would boost pressure selling.
On the macroeconomic side, traders will acquaint the ISM manufacturing index and U.S. construction spending at 16:00. (Paris time)

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