Euro Gains on U.S. Dollar on Euro-zone Rescue Package Hopes
In U.K. trading this morning, the common currency Euro gained against the U.S. Dollar for the second trading session.
Archive for April, 2010
EUR/USD, Forecast Foretells of Dollar’s Demise
Technicals will not disagree with the rise that might come today, from the ill forecast on such a major piece of news, for the Dollar's side of this pair. Bollinger Bands, Full Stochastics, StochRSI and RSI are each following the trend as lagging indicators would. Large news items like today's are what change things like this though.
Spain’s Downgrade Exacerbates Euro-zone Concerns, Pressures Euro
Standard & Poor’s, the international rating agency, yesterday downgraded Spain’s sovereign debt adding to investor concerns that a debt crisis within the Euro-zone is rapidly widening.
EUR/USD, Trend Trumps Uncertain Unemployment Numbers
The trend and today's forecast for unemployment claims bodes well for the Dollar. Bollinger Bands, Full Stochastics, StochRSI and RSI have been idling below their centerlines waiting for a excuse to rise, yet none has come along.
Euro-zone Debt Downgrades put Downward Pressure on the Euro
Investors’ worries about the Greek debt problem continue to put significant pressure on the common currency Euro, which today struck a new 1-year trough versus the U.S. Dollar.
Fed Rate Decision
Today the Fed’s two day session will be concluded with an announcement on the future monetary policy.
EUR/USD, Technicals Take it up with Fed Funds Rate
The Federal Funds rate is forecast to be the same, so me must turn to the technicals to find where the EUR/USD might take us today.
EUR/USD, Cascading Down on Consumer Confidence?
Commendable news for consumer confidence on the shores of the United States, will likely see the Dollar gain in value over the Euro at the end of the April 27th trading day.
EURUSD Bulls Showing Confidence
It looks like bulls are showing enough confidence to climb above support barrier at 1.3371 price level.
EURUSD Bulls Showing Confidence
It looks like bulls are showing enough confidence to climb above support barrier at 1.3371 price level.