Gold (XAU) moved higher against the background of a hit on depositors in a member of the Eurozone, as uncertainty over the euro looms and banks in the Eurozone open. Weekly option volatilities for the EURUSD jumped from 9.00 to 11.50 as markets edge towards… Read more
EUR Trading Outlook Archive
Euro (EUR) Trading Outlook (19-03-2013)
March 19, 2013Euro (EUR) Trading Outlook (12-03-2013)
March 12, 2013? Weekly option volatilities for the EURUSD dropped from 8.75 to 7.90 as markets calm down afterlast week’s Non-Farm Payroll and European Central Bank press conference.Stay in tune throughout the day with foreign exchange bullets!
Euro (EUR) Trading Outlook (05-03-2013)
March 5, 2013WTI Crude (OIL) dropped to 90.36, a two month low, as it consolidates earlier gains and moves into completing a two year pennant formation. The US 500 (SPI), which tracks the top 500 US corporations, dropped to 1507, after touching 1518, in an indication that… Read more
Euro (EUR) Trading Outlook (04-03-2013)
March 4, 2013The Euro (EUR) the EUR/USD broke the key 1.3000 level going into the US session but support was found at 1.2966 and we bounced back above the figure after EUR/JPY soared into the close. The market has been consolidating so far in Asia but the… Read more
Euro (EUR) Trading Outlook (01-03-2013)
March 1, 2013The Euro (EUR) the EUR/USD reversal yesterday has put the focus back on the downside with the 1.3000 big support level just below the 1.3050 closing levels. The market is suffering under the broad USD rally and the recent downtrend in the major. The EUR/JPY… Read more
Euro (EUR) Trading Outlook (28-02-2013)
February 28, 2013The Euro (EUR) the market seized on the Bernanke testimony to surge above a 1.3100 and 1.3120 and we are moving higher in Asia as the short squeezed continued. The EUR/JPY is driving the market higher with the extremely volatile cross tracking the USD/JPY surge…. Read more
Euro (EUR) Trading Outlook (27-02-2013)
February 27, 2013The Euro (EUR) tried to rally but was stopped at 1.3120 on two occasions with the lingering uncertainty from the gridlock in the Italian elections encouraging sellers. The EUR/JPY downtrend added to the EUR/USD pressure with traders targeting Y118 and 1.2988 respectively. The Bernanke testimony… Read more
Euro (EUR) Trading Outlook (26-02-2013)
February 26, 2013The Euro (EUR) the EUR/USD rallied to 1.3270 before crashing on the hung Italian parliament polls and we are targeting a 1.3000 break if the selling continues into Europe. EUR/JPY fell over 600 pips from the Monday open and was the catalyst for the USD/JPY… Read more
Euro (EUR) Trading Outlook (25-02-2013)
February 25, 2013The Euro (EUR) the EUR/USD managed a small rally in the US session but this failed and we are back under 1.3200 Monday with the sellers still in control. Some concern about a possible hung Italian parliament and the effect it could have on reigniting… Read more
Euro (EUR) Trading Outlook (22-02-2013)
February 22, 2013The Euro (EUR) the EUR/USD broke through a very important level at 1.3260 going into the European session yesterday and fell to fresh multi week lows near 1.3160. The market has recovered so far with some stabilizing comments from Eurozone politicians including the German FinMin… Read more