Bands On The Daily Chart

The euro started off yesterday's trading session on a positive note following a better than expected German Prelim GDP figure which caused the EUR/USD to advance to 1.2868. That being said, the common currency came under pressure later in the day following another failed attempt by Greek politicians to form a new government, virtually guaranteeing new elections will take place next month. As a result, the euro fell as low as $1.2769 during the afternoon sessoin. Turning to today, traders will want to pay attention to the US FOMC Meeting Minutes, set to be released at 18:00 GMT. Any signs that the Federal Reserve is preparing for another round of quantitative easing could result in the greenback turning bearish. Economic News USD - US Manufacturing Data Sends USD/JPY Over 80.00 The ...

The euro continued to tumble throughout yesterday's trading session as investors grew more concerned regarding the impact of a possible new Greek election next month. The EUR/USD fell close to 70 pips during European trading, reaching as low as 1.2829. Today, traders will want to pay attention to several potentially significant market events. At 9:00 GMT, the German ZEW Economic Sentiment figure may be able to help the euro recover some of its recent losses if it comes in above analyst forecasts. In addition, the US Core CPI, Core Retail Sales and Retail Sales figures, all scheduled for 12:30 GMT, could lead to market volatility for USD pairs. Should any of the news come in above expectations, the greenback could move up against the JPY. Economic News USD - US Retail Sales Data Set to ...

Following multiple failures by Greek politicians to form a new government, investors are now concerned about what impact a possible new election will have on Greece's status in the euro-zone. The news weighed down on riskier currencies, particularly the euro, throughout Friday's trading session. The EUR/USD dropped to a fresh 3 ½ month low at 1.2903 before staging a slight correction to close out the week at 1.2917. Turning to this week, euro-zone news is once again forecasted to dictate the direction the market takes. Any additional negative announcements out of Greece could drive the euro even lower against its main currency rivals. Economic News USD - US Consumer Sentiment Gives Dollar a Boost vs. JPY News that consumer sentiment in the US reached a more than four-year high gave the ...

The euro spent most of the day slightly above recent three-month lows hit against the US dollar and Japanese yen. Greece's inability to form a new government has raised the prospects that a new election will be held in the coming weeks, which has resulted in additional risk aversion in the marketplace. Turning to today, traders will want to pay attention to a batch of US data, including the PPI figure and the Prelim UoM Consumer Sentiment. Both indicators are considered valid indicators of overall economic health and have the potential to create market volatility before markets close for the week. Should any of the data come in above expectations, the USD may be able to see some upward movement against the yen today. Economic News USD - Dollar Turns Bearish vs. GBP The dollar turned ...

The euro continued to tumble vs. its main currency rivals yesterday, as traders remained cautious about investing in riskier assets due to political uncertainty in the euro-zone. The EUR/USD fell to a fresh three-month low during the afternoon session at 1.2929. Turning to today, traders should be prepared for market volatility, as significant indicators from the UK and US are scheduled to be released. Attention should be given to the UK MPC Rate Statement, followed by the US Trade Balance figure and a speech from Fed Chairman Bernanke. Should any of the news lead to additional pessimism in the global economic recovery, riskier currencies like the euro may fall further. Economic News USD - Safe Haven Dollar Extends Gains amid Euro-Zone Worries A lack of news events yesterday helped the ...

The US dollar tumbled vs. its major currency rivals throughout yesterday's trading session, following the most recent economic predictions from the Fed which stated that a new round of quantitative easing could be initiated if US unemployment does not drop further. The EUR/USD shot up to a three-week high as a result of the news, reaching as high as 1.3262. Today, traders will want to pay attention to the US Advance GDP figure, set to be released at 12:30 GMT. A better than expected figure could help the USD rebound vs. riskier currencies, like the euro and AUD. Economic News USD - US GDP Figure May Help Dollar Recover Losses The US dollar fell vs. several of its main currency rivals yesterday, including the euro and British pound. Investors began shifting their funds away from the ...

The euro took moderate losses against its main currency rivals during yesterday's trading session, following a Spanish long-term debt auction. While the auction was successful, it came at a higher than expected cost to the Spanish government, and did little to ease investor fears regarding the overall euro-zone debt crisis. Turning to today, traders will want to pay attention to the German Ifo Business Climate. A positive figure may help boost confidence in the euro-zone economic recovery ahead of markets closing for the week. Economic News USD - Dollar Turns Bullish vs. EUR The US dollar turned bullish against several of its main currency rivals during yesterday's trading session, following a Spanish long-term debt auction which failed to convince investors that the euro-zone debt ...

The euro turned bearish against virtually all of its main currency rivals yesterday, as risk aversion returned to the marketplace ahead of today's Spanish debt auction. Additionally, a positive UK Claimant Count Change figure led to a steep drop for the EUR/GBP. Today, in addition to the Spanish news, traders will want to monitor a batch of US news, including the Unemployment Claims and Existing Home Sales figures. Should any of the American news come in above expectations, the US dollar could see gains as a result. Economic News USD - US Existing Home Sales May Lead to Dollar Gains The combination of worries regarding euro-zone debt and the Japanese trade deficit caused investors to shift their funds to the greenback during yesterday's trading session. The EUR/USD dropped close to 70 ...

The euro staged a broad recovery during yesterday's trading session, as the combination of a positive German ZEW Economic Sentiment and smooth Spanish debt auction generated risk taking in the marketplace. Turning to today, traders will want to pay attention to the British Claimant Count Change, scheduled for 08:30 GMT. The report is the official unemployment statistic for the UK and has been known to generate market volatility. Should the figure come in higher than forecasted, risk aversion may return to the market place. Economic News USD - Dollar Turns Bearish vs. Riskier Currencies A batch of positive international news releases yesterday led to US dollar losses as investors shifted their funds to riskier assets. A better than expected German ZEW Economic Sentiment and Spanish debt ...