EUR/USD blew through the 1.4050 level, triggering another swath of stop-loss buy orders. Offers revert toward the 1.4100 level, said to be options-related. Some of the demand this afternoon is coming from a well-compensated NY investment bank, dealers report. On … Continue reading
EUR/USD rebounded back above the 1.40 level at the 15:00 GMT London fixing and prices have been underpinned ever since. EUR/USD trades firmly, in the high 1.40-teens despite a soft tone in the S&P and modestly lower oil prices. Should … Continue reading
The reflation trade has not been particularly strong today but share prices in the US and oil were higher on the day as EUR/USD rose. Now those markets have turned lower and they seem to be undermining EUR/USD just a … Continue reading
Or are usually reliable chart patterns working less reliably than in the past? To be sure, charts are far from fool-proof but they tend to get it right more often than not. Lately though, major patterns in EUR/USD (a well-advertised … Continue reading
Now that the economic data is out of the way, dealers have returned to selling dollars. There was nothing particularly bearish in the data; it is just that the event risk is passed and traders can do what traders do.Stops … Continue reading
The worst is behind the financial markets and economic contraction should come to an end next year, Austrian central banker Nowotny says. EUR/USD is consolidating gains at 1.4005 having traded as high as 1.4025.
EUR/USD triggered a few weak stops above the 1.4011 level, extending the range to 1.4017. Larger stops lie in the 1.4025 region, dealers report.
EUR/USD reached the 1.4008 level, stalling near recent 1.4011 highs from Friday. Stop loss buy orders are building in the 1.4025/50 area, traders say. Options players remain active, with reports of more range-trading plays being put on this morning. These … Continue reading
The 1.3825 level has proven more durable than expected and has sent traders first on a short-covering exercise, then on a momentum-driven buying spree. Prices are approaching the top of recent ranges in the 1.4000/10 area, catching most off guard. … Continue reading
ECB’s Noyer feels central banks don’t need to start withdrawing liquidity from the system now, but should stand ready to do so as soon as it becomes necessary. The official says the ECB remains pragmatic regarding policy and is following … Continue reading