Posted by FXstreet.com Independent Analyst Team on Jun 14, 2013
Operation Twist failed to trigger some follow trough in the EUR/USD recent upward rally, as the pair tested early weekly high at 1.2745, yet retreated to trade around the 1.2670 mark, past week high, entering in a consolidative stage. The 4 hours chart holds the positive tone seen lately, although indicators are losing momentum and price stalls below 200 EMA since early Asian opening. Yesterday’s low at 1.2635 comes as immediate support: once below expect the pair to extend its slide towards
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Posted by FXstreet.com Independent Analyst Team on Jun 6, 2013
As investors wait for the FOMC the GBP/USD trades between the 38.2% and 50% retracements of the 1.6300/1.5267 daily fall, at 1.5660 and 1.5780 respectively. While the UK situation has been worsening over the past few months, and recent news point for more BOE easing as soon as next month, the next move in the pair will depend solely on the FED: more facilities will support the upside, with gains above 1.5780 pointing to a test of the 1.5820/40 area. A hawkish FED on contrary will send investors
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Posted by FXstreet.com Independent Analyst Team on Jun 2, 2013
The EUR/USD held to recent gains over past Asian session, finding support in the key 1.2670 Fibonacci level. The whole market awaits now for the FED economic policy outcome later today at 16:30 GMT as speculation on an extension of facilities has sound quite loud over the past couple of weeks. The 1.2670/1.2730 range will likely prevail ahead of the news, with the upside still favored: Greece seems to be ready to announce a coalition government today, while G20 talks on a banking union
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Posted by FXstreet.com Independent Analyst Team on May 20, 2013
The EUR/USD is heading north this Tuesday, despite disappointing news continue heating the euro area; from the fundamental side, ZEW surveys in Germany on business climate and economic sentiment come out much worse than expected, the strongest decline since October 1998. In the meantime, German Bund futures hit session lows after a sale of Spanish bills: borrowing costs are still soaring with 10-year government bond yields at 7.10%, slightly lower on de day, still at unsustainable levels. The
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Posted by FXstreet.com Independent Analyst Team on May 11, 2013
The EUR/USD was boosted to 1.2750 early week trading, on news Greece elections had resulted on a pro bailout win. The positive outcome has failed to provide support to the common currency that falls against most rivals as attention shifted to Spain and the 10Y bond yields rising up to 7.03% in the European morning. The pair trades right below the 1.2670 mark, 38.2% retracement of the latest daily fall, with the 4 hours chart showing indicators turning lower still in positive territory, and 20
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