Euro news

The US dollar softened against the euro and yen Thursday on concerns over the US economic outlook. Analysts are now saying that the US economy appears to be losing momentum, and this slow-down has been weighing on the American currency against its counterparts; especially the euro and British pound.

USD DROPS ACROSS THE BOARD on a combination of cautious remarks from Moodys about the US credit rating and persistent improvement in the Eurozone consumer sentiment. Although Asian equities finished around neutral territory, markets are decidedly USD-negative.

Most indicators are suggesting that risk appetite rose further this morning. European equities indices have performed well, EUR/USD is pushing higher as is AUD/USD and cable.

Germany’s unemployment rate fell to 7.6 percent for the month of July from 7.7 percent the previous month to mark the lowest since November 2008. At the same time, the number of people out of work tumbled 20K, following a revised 20K decline in June.

The euro hit an 11-week high against a broadly weak dollar on Thursday as month-end demand for the single currency helped push it above a key barrier. The euro remained supported by firm euro zone data, with figures on Thursday showing euro zone economic sentiment jumping to a 28-month high, while German unemployment declined for the 13th consecutive month.

FXstreet.com (Barcelona) - The Euro has stretched higher against the Dollar on European session,... For more information, read our latest forex news.

The U.S. dollar index reached its lowest point in three months as differences in the pace of recovery between the U.S. and the Eurozone rise to the surface. The latest evidence shows growing confidence within the region. Meanwhile the anecdotal U.S. regional evidence from the Fed's 12 districts continued to prove that the domestic economy maintains a moderate pace of growth.

Buy @: 1.3044 TP Buy @: 1.3073 SL Buy @: 1.2994

Latest trading recommendations. Free delayed updates: posted at 12.00 GMT, 08.00 EST) July 29th 2010

Most indicators are suggesting that risk appetite rose further this morning. European equities indices have performed well, EUR/USD is pushing higher as is AUD/USD and cable. However, the trends exhibited by the JPY and gold have been less certain. US data is patchy at best and this will likely ensure that optimism is kept in check. The recent slow crawl upwards in EUR/JPY reflects improved risk a…

The Euro pared the decline from the previous day and rallied to a fresh monthly high of 1.3091 during the overnight trade, and the single-currency may continue to retrace the decline from earlier this year as the economic docket reinforced an improved outlook for the region.

The 16-nation currency strengthened against majors after economic confidence rose to the highest level in two years and German unemployment slid for the 13th month which added to signs of recovery in region, thereby supporting the single currency.Also, the better-than-estimated results by large Euro...

Forexpros.com Daily Analysis - 29/07/2010

Greek police fire tear gas to disperse hundreds of lorry drivers protesting in Athens against a government order to end their strike.

GBP/USD Buy @ 1.5645 ( Stop/Limit/Market Order) Set Stop Loss @ -40pip Set Profit Target @ 50 pips

FXstreet.com (Barcelona) - The Euro is showing strength on Thursday's European session, and the... For more information, read our latest forex news.

The Euro traded on a narrow range versus the Dollar for the second consecutive day as traders continued to digest the recent stress tests results. The main resistance of the EUR/USD on the daily chart is 1.3050, if the pair trades above this level the momentum continue to be bullish, the main support on the daily chart is located at 1.2700.

EUR's rally against its major counterparts stumbled yesterday as new economic data raised fears about the strength of global economic recovery, with the common currency ending lower against its major counterparts.

U.S. macro data came far less than expected. Investors responded by moving away from riskier assets back to buying the Yen and U.S. Dollar. The EUR/USD was slightly down after U.S Durable Goods was published, The USD/JPY traded lower, currently trading at $87.22 as investors feel safer holding the Yen over the USD.

European confidence report for the month of July showed upbeat results as economic confidence rallies to 101.3 from the revised 99.0 while the initial was 98.7 and median estimates were 99.1. Services confidence inched up to 6 compared with the prior 4 and estimates of 5. Industrial confidence incli...

FXstreet.com (Barcelona) - EU economic confidence rose to 101.3 in July, compared to a previous... For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Euro has caught up upside momentum on early European session to... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The European market is headed towards a promising journey on Thursday,... For more information, read our latest forex news.

Germany released its unemployment report, showing that the economy lost 20 thousand jobs during the month of July, compared with the previous 21 thousand lost jobs a month earlier while in line with market expectations. Therefore, unemployment rate dipped to meet market expectations of 7.6%, compare...

FXstreet.com (Barcelona) - The Unemployment Rate in Germany fell to 7.6% in July, improving by 0.1%... For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) - Euro rally from 110.00 on July22 regained 114.00 on Thursday, after the... For more information, read our latest forex news.

Another day of rather tight range trading met the EUR on Wednesday. Cautious trading has been a highlight of the past two days. The German Prelim CPI numbers met expectations head on yesterday with a result of 0.2%. Today the German Unemployment Change numbers will be brought forth and tomorrow Germany will publish it Retail [...]

Although euro has risen above good resistance at 1.3047 due partly to cross-buying vs yen in Europe, suggesting recent upmove from 1.1876 has once again resumed and further headway to 1.3095 would be seen but near term oversold condition should cap price well below 1.3142.On the downside, only below...

Majors moved in tight ranges against the dollar with some upside bias during the Asian session, where the dollar index traded between the lowest of 81.96 and the highest of 82.14. The index now trades around 81.97. The US will release today the weekly jobless claims. Germany will release the unemplo...

FXstreet.com (Barcelona) - The Euro remains trading in range around 1.3000, at 2-months high, for... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Euro stretched above 1.3000 on Thursday, rallying the UD Dollar to... For more information, read our latest forex news.

EUR/USD Buy at 1.2988 SL 1.2956 TP 1.3065 USD/JPY Sell at 87.30 87 87.62 TP 86.58 GBP/USD Buy at 1.5591 SL 1.5559 TP 1.5679 USD/CHF Sell at 1.0578 SL 1.0610 TP 1.0494

EURUSD: Trading strategy: small long at 1.3050 on hourly close above 1.3045, stop at 1.2980 (0.5% risk), 1st objective at 1.3100, 2nd objective at 1.3200

EUR/USD Buy @1.3035 SL1.2957 TP1.3085 Sell @1.2957 SL1.3035 TP1.2907

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EUR/USD closed lower due to profit taking on Wednesday but remains above the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Thursday.

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Every report that I've read today has mentioned that price action over the past few trading sessions has been nothing short of typical summer day. With the euro still at the 1.30 figure, things aren't looking any clearer. We're still going to target 1.3120 if the current top of 1.3050 is broken, and if rejected, we will then look for a move down to 1.2750 in the short term. With the week nearly co…

Trading Scenario: There is no change on EURUSD trading scenario since our analysis from yesterday. Bulls & Bears are having tough time at 1.3000 Key Level. Please refer to yesterday post Click Here .

On Wednesday the Euro/Dollar continued with the tentative and within a range movements. The European currency depreciated from 1.3038 to 1.2971 yesterday, not exactly matching the neutral Interbank sentiment projection, at around +5%, closing the day at 1.2995. This morning the pair is still moving without clear direction. On the 1 hour chart the upwards channel is still trying to renew, while on …

The Euro may advance as Germany’s Unemployment rate drops to 7.6 percent, matching a nearly two-decade low and boosting hopes that the Euro Zone’s largest economy can keep the region-wide recovery on pace.

EUR/USD - 1.3013.. Euro edges higher on short-covering in eur/yen (cross fell marginally below y\'day\'s 113.22 to 113.18) after initial minor selling to 1.2977 in Asian morning, still well abv Tue\'s reaction low of 1.2952. 2-way flows have been seen but main focus remains on the much-touted option de...

Technical Cross Report - Euro vs. Great British Pound (2010-07-29)

Technical Cross Report - Euro vs. Japanese Yen (2010-07-29)

EUR/USD Today's support: - 1.2950 and 1.2916(main), where correction is possible. Break would give 1.2883, where correction also may be. Then follows 1.2843. Break of the latter would result in

EURUSD Forecast: The EURUSD made another indecisive movement yesterday, formed another Doji on daily chart. Price still unable to consistently move above 1.3000 and we know that it is a very strong resistance, which could produce bullish exhaustion and downside consolidation unless price able to break above 1.3045 area, targeting 1.3120 before testing 1.3270 – [...]

EURJPY Forecast The EURJPY failed to continue its bullish momentum yesterday and slipped below 113.50 indicating potential bullish failure and a false breakout scenario. I will stand aside from this phase for now. Immediate support at 112.70/60 region. Break below that area could trigger further downside pressure testing 111.60/50 area. On the upside, 115.50 and [...]

EURUSD remains in uptrend from 1.1876 (Jun 7 low) and the price action from 1.3028 is treated as consolidation of uptrend.

FXstreet.com (Córdoba) - EUR/AUD closed Wednesday around 1.4545, 1.02% above its opening price,... For more information, read our latest forex news.

The Greek government issues a rare emergency order to force lorry drivers back to work after a three-day strike.

FXstreet.com (Buenos Aires) – EUR/USD Current price: 1.2987. Day went away and Euro did not... For more information, read our latest forex news.

FXstreet.com (Córdoba) - After extending its 11-week high to 114.72 during Wednesday's European... For more information, read our latest forex news.