Euro Dollar: The indecision is placing on the Cross Tuesday, July 20, 2010 at 13:23

The financial markets are in sharp decline before a new set of quarterly publications expected Tuesday across the Atlantic, starting with the banking giant Goldman Sachs before Apple and Yahoo in the evening.

At about 1:20 p.m., the spot is worth approximately $ 1.29.

From a graphic point of view, currency pair euro / dollar is now moving into a trading range visible on the graph given hour ($ 1289 - $ 1.30). Speculators can take advantage of it to play on the terminal reactions of low and high marker.
In the medium term, the momentum remains bearish. Exceeding the $ 1.31 invalidate this scenario and then propel cross towards $ 1.3511.

However, no effective trading port of entry can not be reached for hours for a medium 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.

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Euro Dollar: The fears are still present, the euro could benefit Monday, July 19, 2010 at 12:58

Fears about the economic recovery are still present and especially overseas. Macroeconomic statistics released last week have disappointed operators and thereby stimulated the European currency. Indeed, the CPI for consumer prices fell unexpectedly in June in the United States. On the other hand, the confidence index from the University of Michigan contracted to 66.5 in July, against 76 the previous month and 74.2 expected by economists.

After a weekend very difficult, markets are still under pressure on Monday morning. Indeed, traders await the release this Friday, July 23, the results of "stress tests" imposed a hundred banks in the eurozone. Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), however, shows 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 difficulties."

On Monday, the euro continues to rise against the dollar. Around 13:00, the spot is approximately $ 1.2960.

Graphically, the trend remains bullish in the short term as evidenced by the short-term moving averages, which are always well oriented. Crossing the resistance of $ 1289 should enable the euro to rally the $ 1.3094 / $ 1.31. This level corresponds to both a 38.20% retracement of the decline between December 2009 and June 7, 2010 (or cross had hit a yearly low was $ 1.1877) and a major graphical upgrade.

However, in the medium term, the momentum remains bearish. Exceeding $ 1.31 invalidate this scenario and then propel cross towards $ 1.3511.

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Euro Dollar : L'Euro se replie face au dollar Lundi 12 juillet 2010 à 12:09

The dollar continues to catch up against the euro this morning, in a context of renewed confidence in U.S. economic recovery. This atmosphere is catalyzed by good macroeconomic figures published last week. The coming week promises to be rich in publications with U.S. Alcoa course but also, from Tuesday, the accounts of Intel, AMD, JPMorgan Chase, Citigroup and Bank of America.
Around 12:00, the spot EURUSD is approximately 1.2560.

From a graphical perspective, we are still bearish medium-term Dollar Euro towards $ 1.2145, $ 1.1877 even as the $ 1.2672 / 1.2722 are not exceeded.

From a graphical perspective, the currency pair euro / dollar seems to be stabilizing. However, no entry point trading can not be reached for effective time for a short term trade down. Under these conditions, we prefer simply to stay out of the spotlight during the next few hours, and does not take a position.

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Euro Dollar: A good entry point to play down the Euro Dollar Thursday, July 8, 2010 at 12:08

The Euro is changing this morning up slightly against the dollar. However, the single currency is still below its resistance of $ 1.2672. Yesterday, the cross has exceeded its intermediate resistance of $ 1.2611 to return to the contact resistance of 1.2672 $ major.

Around 12:00, the spot euro / dollar is approximately 1.2665.

From a graphical perspective, we are still bearish medium-term Dollar Euro towards $ 1.2145, $ 1.1877 or even 1.2672 as the $ is not exceeded. The level of 1.2672 corresponds to both: to 23.6% retracement of the decline since December 2009 on top of the cross but also an important resistance level graphics.

In the short term, changing the cross above its moving average 20 hours (shown in dark blue on the chart schedule). Moreover, the slope of the latter is positively oriented. However, we remain bearish as long as $ 1.2672 are not exceeded.
A subsequent motion correction should take place towards $ 1.2611, $ 1.2560 even. Exceeding $ 1.2672 invalidate our scenario in the short and medium term, in this case, a rise towards $ 1.3094 in the medium term, could occur.

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Euro Dollar: Fears about the U.S. recovery is good for the Euro Tuesday, July 6, 2010 at 12:59

The weak dollar pushed the euro to around 1.2610 this morning. Currency traders have tended to abandon the dollar temporarily shelter. Indeed, the economic environment in the United States does not seem to be favorable than expected by operators. The sustainability of economic recovery began to be questioned, especially with the latest macroeconomic statistics released last week.

Around 12:30, the spot EURUSD is approximately 1.2590.

From a graphical perspective, we are still bearish in the medium term the Euro dollar towards 1.2145 or even 1.1877 until 1.2672 are not exceeded. The level of 1.2672 corresponds to both: to 23.6% retracement of the decline since December 2009 on top of the cross but also an important resistance level graphics.
Lures a long weekend of three days tied to the U.S. national holiday, U.S. markets will reopen today at 16:00 and operators will learn about the ISM services index

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Euro Dollar: Spain reassures, but what about the U.S. employment? Friday, July 2, 2010 at 11:34

The euro has stabilized this morning around a threshold of 1.25, after surging yesterday in the wake of a successful bond issue by Spain, a country under strict surveillance on the issue of public debt.
If such waiver constitutes a positive response to the recent warning from Moody's, trading rooms, however, remain extremely cautious approach to the official statistics on the health of U.S. employment.
On Wednesday, private practice in human resources ADP offered us an estimate of the number of jobs created in June in the United States to 13,000, a level well below the consensus.

Around 11:20, the spot EURUSD is approximately 1.2500. The single currency has not seen this level against the greenback since May 24
From a graphical perspective, the surge in cross registered yesterday was followed this morning by a legitimate phase of consolidation around a point at 1.2500. This episode is not finished, we prefer not to attempt to trade immediately on the currency pair euro / do

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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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