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Daily analysis for the euro dollar

The EUR/USD continued is recent bullish tone on Friday, closing the trading session at 1.2572 ahead of the three day weekend, with the US markets closed Monday for the Labor day holiday. The move higher on Friday was largely as a result of the statement...

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Euro vs Dollar 9 Nov 2010

Yesterday’s wide spread down candle on the euro vs dollar chart pushed the euro to dollar below both the 9 and 14 day moving averages and closing the trading day at USD1.3863.  Much of this downwards momentum was generated by the fundamental landscape where market...

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Euro vs Dollar – Daily Forex Analysis

With yesterday’s unprecedented day of fundamental news now firmly behind us the markets have duly spoken as the FED finally lifted its skirts to reveal what lay beneath – a quantitative easing programme to the tune of $600bn.  As expected this triggered a sell off...

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Euro vs dollar forecast – 1st November 2010

With the markets all waiting for both the results of the US mid term elections which coincides with possibly one of the most important FED meetings of all time, we can expect desultory trading until all hell breaks lose on Wednesday.  Meanwhile, Friday’s price action...

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Euro vs Dollar 29 Oct 2010

The euro vs dollar surged higher yesterday closing as a wide spread up candle which held above all four moving averages once again and confirming that the recent short term re-tracement for the pair is now firmly over.  Throughout this period of consolidation and re-tracement...

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Euro vs Dollar 20 Oct 2010

An interesting couple of days for the euro vs dollar which promptly fell heavily yesterday partly as a result of a surprise announcement from China of a hike in interest rates, which surprised the markets as this was an unscheduled move, with commodities in particular...

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Euro vs Dollar 18 Oct 2010

The daily chart for the euro vs dollar has thrown up some interesting signals in the last few days, not least of which was Friday’s deep shooting star candle which replicated the smaller version that we saw on Thursday, and as such, gives us a...

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