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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Daily data chart:

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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Daily data chart:

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.

Hourly data chart:


Daily data chart: