Eur/usd - page 5
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EurUsd on the oversold supports: is Draghi going to spoil July 4[SUP]th[/SUP] to the Dollar?
Whether what is happening would be a false breakout or a sustained bullish outbreak will be indicated with the time. Until then, one might need to sit on the fence.
I prefer eurusd too. Most of my trades are the pairs.
I like the fluctuations, which is almost influenced by the market itself.
I hope to share ideas with you.
Whether what is happening would be a false breakout or a sustained bullish outbreak will be indicated with the time. Until then, one might need to sit on the fence.
After all today was a fence sitting day
In this algo trading there will be no big movements. If it continues like this we are going to have what we had for quite some time with EURCHF (not that flat, but almost)
EUR/USD pushes higher ahead of Bernanke
The euro pushed higher against the dollar on Tuesday as investors positioned ahead of testimony to Congress by Federal Reserve Chairman Ben Bernanke on Wednesday.
EUR/USD hit 1.3096 during late Asian trade, the session high; the pair subsequently consolidated at 1.3082, rising 0.16%.
The pair was likely to find support at 1.2998, Friday’s low and resistance at 1.3150, the high of June 25.
Market participants were looking to Bernanke's testimony on monetary policy amid speculation over the timing of a possible reduction to the bank’s USD85 billion-a-month bond buying program.
The dollar fell sharply last week after Bernanke said the U.S. economy still needed monetary stimulus.
Data on Monday showing that U.S. retail sales rose less-than-expected June fuelled fears over a slowdown in the economic recovery.
rread more ...
Now we are going to have worse than expected German data and then US CPI will "correct" it all
I love this summer trading
Euro zone CPI holds steady at 1.6% in June
Consumer price inflation in the euro zone held steady in June, unchanged from a preliminary estimate, official data showed on Tuesday.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.6% in June, unchanged from an initial estimate and in line with expectations.
The rate remains below the European Central Bank's target of near but just below 2%.
Month-over-month, consumer price inflation rose 0.1% last month, in line with expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs held steady at a seasonally adjusted 1.2% in June, in line with expectations and unchanged from a preliminary estimate.
Following the release of that data, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.03% to trade at 1.3058.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.5%, France’s CAC 40 dipped 0.5%, Germany's DAX declined 0.4%, while London’s FTSE 100 eased up 0.1%.
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EUR/USD steady after weak German ZEW
The euro was little changed against the dollar on Thursday after data showed that the ZEW index of economic sentiment in Germany deteriorated unexpectedly in July.
EUR/USD hit 1.3098 during European morning trade, the session high; the pair subsequently consolidated at 1.3077, rising 0.13%.
The pair was likely to find support at 1.2998, Friday’s low and resistance at 1.3150, the high of June 25.
The ZEW Centre for Economic Research said that its index of German economic sentiment fell to 36.3 in the current month from 38.5 in June. Analysts had expected a reading of 39.6.
On the index, a level above 0.0 indicates optimism; a level below 0.0 indicates pessimism.
Meanwhile, the ZEW index of euro zone economic sentiment improved to 32.8 in July from 30.6 in June, above expectations for a reading of 31.8.
A separate report showed that consumer price inflation in the euro zone held steady at a seasonally adjusted 1.6% in June, unchanged from an initial estimate and in line with expectations.
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Euro rises to session highs vs. dollar
The euro roses to session highs against the broadly weaker dollar on Tuesday, as investors awaited congressional testimony by Federal Reserve Chairman Ben Bernanke on Wednesday.
EUR/USD hit 1.3131 during European afternoon trade, the highest since July 11; the pair subsequently consolidated at 1.3121, gaining 0.46%.
The pair was likely to find support at 1.2992, Monday’s low and resistance at 1.3205, the high of July 11.
Investors were anticipating Bernanke’s testimony on Wednesday, amid speculation over the timing of a possible reduction to the bank’s USD85 billion-a-month bond buying program.
The dollar fell sharply last week after Bernanke said the U.S. economy still needed monetary stimulus.
Data on Monday showing that U.S. retail sales rose less-than-expected June fuelled fears over a slowdown in the economic recovery.
The Commerce Department said U.S. retail sales rose 0.4%, slowing from a 0.5% increase in May and undershooting expectations for a 0.8% increase.
read more ...