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Archive for euro vs dollar February – Page 2

Euro vs Dollar – Euro Dollar Daily Chart 1st July 2009

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Wednesday, July 1st, 2009
Euro To Dollar - Euro vs USD Daily Currency Chart 1st June 2009

Euro To Dollar - Euro vs USD Daily Currency Chart 1st June 2009

The euro vs dollar continued its indecisive and meandering price action yesterday against a backdrop of month and quarter end liquidations and position squaring coupled with the prospect of a train crash on Thursday with the ECB going head to head with the Non Farm Payroll numbers and I suspect that we will see further sideways price action today as a result.  Yesterday’s low of the day once again found some support from the 9 day moving average and with the 14 day now crossing below this indicator, suggests that any move today may be to the upside.  What will happen tomorrow is anyone’s guess and my trading suggestion is to stand well clear until early next week when the markets will have absorbed the news and made a decision on the short to medium term direction for the US Dollar, associated pairs and commodities.   Details of the fundamental news on the economic calendar for the euro vs dollar pair can be found on the main Eurodollar site.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.

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Categories : Euro vs Dollar Daily Chart
Tags : currency broker, currency chart, currency charts, currency futures, currency market, currency markets, currency options, currency trade, currency trader, currency traders, currency trading euro, daily forex, dollar forex, eur/usd, euro currency, euro dollar chart, euro dollar pair, euro to dollars, euro trading, Euro vs Dollar Daily Chart, euro vs dollar February, euro vs dollar January, foreign currency trading, foreign exchange trading, forex account, forex broker, forex brokers, forex charts, forex course, forex currencies, forex currency, forex education, forex euro, forex exchange, forex forecasts, forex futures, forex hedging, forex margin, forex market, forex mini, forex news, forex pip, forex pips, forex rates, forex real time, forex signal, forex signals, forex spot, forex strategies, forex strategy, forex tips, forex trader, forex trading, forex trading strategies, forex training, fx charts, fx currency, fx forex, fx trading, global currency, global forex, learn currency trading, learn forex, managed forex, online currency trading, real time currency, spot euro, trade forex, trading currencies, trading currency, trading platform, us currency, usd currency, usd forex, usd trading

Euro vs Dollar – EUR vs USD Daily Chart 30th June 2009

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Tuesday, June 30th, 2009
Euro vs Dollar - Daily Technical Chart For EUR/USD 30th June 2009

Euro vs Dollar - Daily Technical Chart For EUR/USD 30th June 2009

Today’s deflationary fundamental news on the economic calendar for the Eurozone will pose a significant problem for the ECB and their interest rate decision on Thursday and given that we will also have the Non Farm Payroll data at the same time owing to Friday’s national holiday, there is one thing we can safely say “hang on to your lock-nuts, we’re in for a bumpy ride”.  The problem for the ECB is that this morning’s data paints a deflationary picture which of itself is bad enough with the spectre of growing choking off economic growth leading to even more insolvencies, but any hint of tighter monetary policy (ie raising interest rates) can only lead to a stronger Euro and all the problems that that would bring.   This delicate balance is reflected in the daily chart for the Eurodollar which continues to edge upwards within in the pennant pattern envelope, with yesterday’s candle confirming this indecision, ending the day with a lower wick and narrow body.  The low of the day found support from the 9 day moving average which helped to ease the euro vs dollar higher, but given that the 9 and 14 day are now enmeshed this signal has less validity than otherwise would be the case.  The technical picture is still building towards a breakout from the pennant formation and at some point we will see an explosive move on a wide spread bar and Thursday at 13.30 GMT may well prove to be this trigger when the ECB press conference and NFP data collide.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.

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Categories : Euro vs Dollar Daily Chart
Tags : currency broker, currency chart, currency charts, currency futures, currency market, currency markets, currency options, currency trade, currency trader, currency traders, daily forex, dollar forex, euro currency, euro dollar chart, euro dollar pair, euro trading, Euro vs Dollar Daily Chart, euro vs dollar February, euro vs dollar January, foreign currency trading, foreign exchange trading, forex account, forex broker, forex brokers, forex charts, forex course, forex currencies, forex currency, forex education, forex euro, forex exchange, forex forecasts, forex futures, forex hedging, forex margin, forex market, forex mini, forex news, forex pip, forex pips, forex rates, forex real time, forex signal, forex signals, forex spot, forex strategies, forex strategy, forex tips, forex trader, forex trading, forex trading strategies, forex training, fx charts, fx currency, fx forex, fx trading, global currency, global forex, learn currency trading, learn forex, managed forex, online currency trading, real time currency, spot euro, trade forex, trading currencies, trading currency, trading platform, us currency, usd currency, usd forex, usd trading

Euro To Dollar – EUR/USD Daily Currency Chart 25th June 2009

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Thursday, June 25th, 2009
Euro vs Dollar - EUR/USD Currency Rates 25th June 2009

Euro vs Dollar - EUR/USD Currency Rates 25th June 2009

Yesterday’s candle on the euro vs dollar chart which closed the session as a wide spread down bar reversed much of the gain of the previous day suggesting that we may now be entering a period of sideways consolidation with a mildly bearish tone.   The fall yesterday was largely triggered by the FOMC statement which resulted in a degree of Dollar strength following the news, which in general was relatively anodyne in any comments relating to changes in policy or interest rate expectations.  The only item which could be considered as interesting were the comments relating to the bond market and suggestions that the FED would not be increasing its bond buying programme at present.  In addition the word deflation was avoided and in general a bit of damp squib and certainly not the catalyst that many had been expecting.  Technically the low of yesterday closed marginally below the 14 day moving average but seemed to find a modicum of support at the 9 day moving average, but with all three now bunching, and the head and shoulders having been extinguished we may now be looking at the early stages of a pennant pattern at this price level. With very little fundamental news on the economic calendar for today, other than the unemployment numbers in the US later today, I do not expect to see much price action in this pair and the pair will remain firmly range bound until, perhaps, the Non Farm Payroll figures next week.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.

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Categories : Euro vs Dollar Daily Chart
Tags : currency broker, currency chart, currency charts, currency futures, currency market, currency markets, currency options, currency trade, currency trader, currency traders, currency trading euro, daily forex, dollar vs euro, dollar forex, eur/usd, euro currency, euro dollar chart, euro to dollars, euro trading, Euro vs Dollar Daily Chart, euro vs dollar February, euro vs dollar January, euro vs dollar March, euros to dollar, foreign currency trading, foreign exchange trading, forex account, forex broker, forex brokers, forex charts, forex course, forex currencies, forex currency, forex education, forex euro, forex exchange, forex forecasts, forex futures, forex hedging, forex margin, forex market, forex mini, forex news, forex pip, forex pips, forex rates, forex real time, forex signal, forex signals, forex spot, forex strategies, forex strategy, forex tips, forex trader, forex trading, forex trading strategies, forex training, fx charts, fx currency, fx forex, fx trading, global currency, global forex, learn currency trading, learn forex, managed forex, online currency trading, real time currency, spot euro, trade forex, trading currencies, trading currency, trading platform, us currency, usd currency, usd forex, usd trading

Euro vs Dollar – Daily Currency Rates 23rd June 2009 (EUR/USD)

By admin · Comments (0)
Tuesday, June 23rd, 2009
Euro Vs Dollar - Daily Currency Chart 23rd June 2009

Euro Vs Dollar - Daily Currency Chart 23rd June 2009

The euro vs dollar continued to consolidate in a narrow trading range yesterday ending the day on a down bar which closed below both the 9 and 14 day moving averages and which once again tested the neckline of the recent head and shoulders.  The neckline of this pattern is now becoming a key battleground as prices continue to flirt in the 1.39 region and above and indeed this pattern has been replicated once again during the European trading session with a bounce back largely attributed to ECB President Jean Claude Trichet.   With increasing uncertainty as to the future monetary policy from the FOMC all the markets are now waiting for some clear signals from this meeting which should provide the catalyst to break the log jam of consolidation we have been seeing since last week.   However, do not underestimate the market’s capacity to cause a degree of mischief and mayhem where the market direction has not rationale or logic and indeed in many markets this is the case right now.   This has been seen in the past few months in equities which have risen dramatically fuelled only by sentiment and optimism and with no factual basis whatsoever.  The currency and commodity markets are behaving in a similar vein and indeed yesterday’s fall in crude oil price was a classic example where the wide spread down bar was not replicated with a consequent and opposite effect in the Dollar index.

From a technical perspective the question for the euro vs dollar is whether the neckline will hold.  If it does then we should expect to see a dramatic fall in the Eurodollar in due course but equally the head and shoulders pattern may simply morph into another consolidation area and a platform for a move higher.   At the moment it is impossible to predict and all I would suggest is that we use other correlated pairs, such as the dollar to cad, proxy indicators and markets such as the Dollar Index and crude oil to try and gauge where this pair is likely to go.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.

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Categories : Euro vs Dollar Daily Chart
Tags : currency broker, currency chart, currency charts, currency futures, currency market, currency markets, currency options, currency trade, currency trader, currency traders, currency trading euro, daily forex, dollar vs euro, dollar forex, eur/usd, euro currency, euro dollar chart, euro dollar pair, euro to dollars, euro trading, Euro vs Dollar Daily Chart, euro vs dollar February, euro vs dollar January, euro vs dollar March, foreign currency trading, foreign exchange trading, forex account, forex broker, forex brokers, forex charts, forex course, forex currencies, forex currency, forex education, forex euro, forex exchange, forex forecasts, forex futures, forex hedging, forex margin, forex market, forex mini, forex news, forex pip, forex pips, forex rates, forex real time, forex signal, forex signals, forex spot, forex strategies, forex strategy, forex tips, forex trader, forex trading, forex trading strategies, forex training, fx charts, fx currency, fx forex, fx trading, global currency, global forex, learn currency trading, learn forex, managed forex, online currency trading, real time currency, spot euro, trade forex, trading currencies, trading currency, trading platform, us currency, usd currency, usd forex, usd trading

Euro vs Dollar – Daily Forex Chart 19th June 2009

By admin · Comments (0)
Friday, June 19th, 2009
Euro vs Dollar - Daily Candle Chart EUR vs USD 19th June 2009

Euro vs Dollar - Daily Candle Chart EUR vs USD 19th June 2009

The euro vs dollar continued its sideways consolidation yesterday, ending the day with a narrow spread down bar with small wicks to both top and bottom, starting the day above the 9 day moving average and closing below it.  Once again prices flirted with the neckline of the head and shoulders of the last three weeks indicating once again that we are now at a critical juncture for this pair as we await a catalyst to fire the markets into life once again.  The 9 and 14 day moving averages are currently weighing down on the currency pair and provided the neckline holds then we should see a fall in due course, particularly as the consensus view among currency traders and speculators is that the Euro is currently overbought.  Should we see this fall then the first level of support is seen in the 1.36 region and if this is coupled with a break below the 40 day moving average then this could add some momentum to the move.   Given that we have no fundamental news on the economic calendar to speak of either in the US or Europe today, and coupled with the fact that we have “triple witching” in the option markets, my trading suggestion is to stay out as traders will be squaring positions ahead of the weekend anyway.  Today’s price action will almost certainly be constrained in a narrow trading range and indeed this pattern has already been set in train in this morning’s London session.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.

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Categories : Euro vs Dollar Daily Chart
Tags : currency broker, currency chart, currency charts, currency futures, currency market, currency markets, currency options, currency trade, currency trader, currency traders, currency trading euro, daily forex, dollar vs euro, dollar forex, euro currency, euro dollar chart, euro trading, euro US dollar, Euro vs Dollar Daily Chart, euro vs dollar February, euro vs dollar January, euro vs dollar March, euro vs usd, foreign currency trading, foreign exchange trading, forex account, forex broker, forex brokers, forex charts, forex course, forex currencies, forex currency, forex education, forex euro, forex exchange, forex forecasts, forex futures, forex hedging, forex margin, forex market, forex mini, forex news, forex pip, forex pips, forex rates, forex real time, forex signal, forex signals, forex spot, forex strategies, forex strategy, forex tips, forex trader, forex trading, forex trading strategies, forex training, fx charts, fx currency, fx forex, fx trading, global currency, global forex, learn currency trading, learn forex, managed forex, online currency trading, real time currency, spot euro, trade forex, trading currencies, trading platform, us currency, usd currency, usd forex, usd trading

Euro vs Dollar – EUR/USD Daily Chart 18th June 2009

By admin · Comments (0)
Thursday, June 18th, 2009
Euro vs Dollar - Spot Chart Currency Rates EUR/USD 18th June 2009

Euro vs Dollar - Spot Chart Currency Rates EUR/USD 18th June 2009

The euro vs dollar continues to flirt with the neckline of the head and shoulders outlined in yesterday’s market commentary, ending the day on wide spread up bar which closed marginally above the 9 day moving average which has crossed below the 14 day.  In itself this could suggest that the moving average may provide a barrier to any further move higher as the price is contained both by this and also the resistance in place at the neckline.   With little in the way of fundamental news in Europe today but some significant items in the US, the overall direction today will almost certainly be dictated by the market’s attitude to the US Dollar, based on these news items.  General anti dollar sentiment has been on the increase lately and its strongest expression can be found in the communique from the recent BRIC meeting in Russia where a new political bloc was formed in an attempt to end US dominance as well break the dominance of the US Dollar in the financial markets as the world’s leading reserve currency.  Russia, in particular, is keen to have regional reserve currencies based on the Chinese Yuan and Russian Rouble.  With regarding this pair at the moment my advice is to stay out until the neckline is either confirmed or the head and shoulders proves to be a false signal, which seems unlikely but as always we have to be patient.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.

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Categories : Euro vs Dollar Daily Chart
Tags : currency broker, currency chart, currency charts, currency futures, currency market, currency markets, currency options, currency trade, currency trader, currency traders, currency trading euro, daily forex, dollar vs euro, dollar forex, eur/usd, euro currency, euro dollar chart, euro dollar pair, euro to dollars, euro trading, Euro vs Dollar Daily Chart, euro vs dollar February, euro vs dollar January, euro vs usd, foreign currency trading, foreign exchange trading, forex account, forex broker, forex brokers, forex charts, forex course, forex currencies, forex currency, forex education, forex euro, forex exchange, forex forecasts, forex futures, forex hedging, forex margin, forex market, forex mini, forex news, forex pip, forex pips, forex rates, forex real time, forex signal, forex signals, forex spot, forex strategies, forex strategy, forex tips, forex trader, forex trading, forex trading strategies, forex training, fx charts, fx currency, fx forex, fx trading, global currency, global forex, learn currency trading, learn forex, managed forex, online currency trading, real time currency, spot euro, trade forex, trading currencies, trading currency, trading platform, us currency, usd currency, usd forex, usd trading
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