Coinciding with the past week’s strong dollar performance, non-commercial investors have once again turned net long the dollar. Long dollar positions against the euro were built further to reach 21 percent of open interest not far from the level of short EUR positions in place at the height of…
The December labour market report was disappointing, because, instead of remaining stable, nonfarm payrolls dropped by 85k. Construction jobs in particular took a heavy hit, possibly due to the unfavourable weather conditions. But according to the graph, the upturn in temporary jobs could foreshadow a rise in nonfarm payrolls in…
Technical analysis show us the euro may continue its downtrend as MACD gives us a selling signal by crossing MACD line to the signal line and RSI breaks 30% line downwards. Bollinger gives us a bearish signal by closing the candle below the lower band.
As a continuation to the improvement seen in European economies in the last quarter last year of 2009, the manufacturing sector continued its expansion at the beginning of the New Year as shown by the data released today.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169
Pound/Dollar continued decreasing on Friday, form the 1.6173 point, down to 1.5976, closing the week at 1.5981. The Cable continued to weaken today, forming new support level at 1.5900. In the medium term Sterling is trading within the 1.5860 – 1.6437 range, as seen on the 3 hour chart. Convincing…
EUR/USD continued its slide on Friday. A strong Q4 US GDP figure (and subsequent stock market gains) supported the dollar positive sentiment. Later in the session, the correction on the equity markets showed that bad news was still negative for the euro as well. While the EUR/USD downtrend remains firmly…
The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked priority of bullish party, gives grounds for choosing bullish direction in planning trading operations for today. Therefore, at this point, considering descending direction of indicator chart, we can assume…
Weak regional share markets pushed the risk-sensitive euro down further against the yen in Asia Monday, and dealers said the common currency could continue to fall this week if newly proposed U.S. banking regulations meet with a positive Congressional response.
FX markets were relatively range bound at the start of this trading week. The EURUSD jumped around between 1.3855 and 1.3890, while the USDJPY traded up to 90.38 before falling back slightly. The USD and the JPY trades gained initially in Asia, as the UK Times reported that FSA chief…
