Euro news

According to the European Commission, the Greek Gross Domestic Product could decline 2.5% in 2010, due to the fiscal crisis.

EUR/USD closed higher on Thursday while extending the trading range of the past five weeks. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.

The pair continues with the short movement started yesterday, falling 45 pips so far. Right now, the pair is trading at 1.4588 francs per euro. Above, the next resistance is at 1.4590. The bands of Bollinger show a volatility of 40 pips in the hour, while the 14 days RSI is clearly oversold.

Industrial production seasonally adjusted in the euro zone inclined to 1.7% in January from -1.7% in December revised to 0.6%, above estimates of 0.7%. Annually, the reading rose to 1.4% from -5.0 revised to -4.1%, while markets expected a decline to -1.6%.

The dollar is under pressure to end the week after words from a powerful investment house jolted investors expecting further decimation of the single European currency into a spin by warning that the next 10 cents for the euro is more likely on the upside than the downside. An unexpected jump in retail sales has provided a lifeline to an ailing dollar on Friday morning, but in my mind the die has …

A follow -through higher on its Thursday strength has seen EUR pushing through the 1.3735 level, its Mar 03'10 high and challenging the 1.3787 level, its Feb 17'10 high in today's trading today. A decisive break and hold above the 1.3787 level will propel the pair further higher towards its Feb 09'10 low at 1.3838 where we expect a cap of its corrective recovery gains to turn it back lower again i…

The JPY, GBP and the CHF have all seen sharp movements this morning, while EUR/USD has attacked key technical resistance (now support) in the 1.3735/40 area. EUR/JPY has surged to an intraday high of 124.55 , though vs the USD the JPY has failed to hold its softer overnight levels. The weaker yen in Asia followed an intensification of speculation regarding the likelihood of more BoJ policy action …

FXstreet.com (Barcelona) - Euro rally from 1.3535/45 low on Tuesday and Wednesday has extended with... For more information, read our latest forex news.

Update on supports and resistances.

The U.S. economy released its retail sales showing that they surpassed estimates, yet the dollar is declining as a result of anticipations that the Federal Reserve Bank will leave interest rates near zero throughout most of this year, therefore discouraging investors to buy the dollar. The Dollar In...

Factory output in the eurozone rose 1.7% between December and January, the biggest monthly rise since records began.

FXstreet.com (Barcelona) - With risk appetite returning to the markets, the euro and the pound have... For more information, read our latest forex news.

Germany wholesale price index for February fell to 0.1% from 1.3% which is worse than the projected 0.3% while on the year rose to 2.1% from 1.9%, also an inch lower than the predicted 2.3%

The Euro extended the advance from the previous day and rallied to a fresh weekly high of 1.3795 during the overnight trade as the economic docket reinforce an improved outlook for the region. Meanwhile, EU President Jean-Claude Juncker acknowledged that the Euro-Zone needs new instruments to avert future crises, but argued that creating a European Monetary Fund would not solve the debt issues wit…

The parity EUR/USD get out of its triangle. The resistance at 1.37 has just been broken. We maintain to trade only long positions as far as the parity is above the last lowest at 1.3620. A break out of the highest of March 3rd at 1.3750 will offer a new buy signal.

FXstreet.com (Barcelona) - The Euro is soaring against the Dollar on European session once concerns... For more information, read our latest forex news.

The crisis has hit young IT start-ups in Germany hard. The times when investors pumped millions into young companies are over, and the aspirations of German entrepreneurs have become much more modest.

FXstreet.com (Barcelona) - Risk appetite has picked up strongly on Friday's European session... For more information, read our latest forex news.

FXstreet.com (Barcelona) - European markets have opened Friday's session with a slight bid tone,... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Industrial production for the Euro-Zone grew by 1.7% in January, beating... 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 recovery from week-lows at 1.3535/45 area on Mar 9 and 10 has... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Euro has shrugged off weakness seen earlier on the week and recovery... For more information, read our latest forex news.

The single currency maintained a firm undertone and a breach of overhead resistance at 1.3736 would signal another leg of corrective upmove from this month's low of 1.3433 has taken place and bring further gain to 1.3780/90, however, key daily resistance at 1.3840 should remain intact and yield retr...

EUR/USD Buy at 1.3672 SL 1.3640 TP 1.3749 USD/JPY Sell at 90.67 87 90.99 TP 89.95 GBP/USD Buy at 1.5028 SL 1.4996 82 1.5116 USD/CHF Sell at 1.0695 SL 1.0727 TP 1.0611

FXstreet.com (Barcelona) - Dollar strength seems to be losing steam and the Euro and other... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Euro recovery from week lows at 1.3535/45 on Mar 9 and 10, has extended... For more information, read our latest forex news.

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FXstreet.com (Barcelona) - Asian markets have been going through a directionless session, with... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Germany's wholesale price index grew by just 0.1% in February versus... 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.

Technical analysis for major currencies with major support and resistance levels and recommendations for 12-03-2010

EUR/JPY: Yesterday the pair made a modest correction to the upward sloping price trend that began on February 25th. The price failed to breach this trend line, indicating the uptrend is still intact. The 7-day RSI has also maintained its rising trend line and continues to move higher. The pair could rise to its short term resistance level of 0.9150. Forex traders may want to be long on this pair a…

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The dollar will be set under pressure today as break a key resistance line that signal further dollar losses. The mix data from Thursday back the investors to risky assets again. The euro/dollar may rise up to 1.3840 where is the other key resistance. The chances for up trend today are higher therefore our trading strategy is to wait for a bottom of 1.3655/60 and open long positions.

The Japanese Yen fell against all major currencies after comments from government officials threatening to intervene into currency markets if exchange rate moves are “abrupt” as well as amid rumors the Bank of Japan will further ease monetary policy.

Gbp/usd - 1.5068 ... The British pound rebounded after finding support at 1.5038/40 in tandem with euro, however, offers at 1.5100 on concerns over politics, economy n UK Telegraph piece are likely to limit cable\'s gain. On the downside, some bids are located at 1.5040 with stops building up below 1...

Eur/usd - 1.3700 ... The single currency edged higher on active cross buying in euro (eur/jpy rallied fm 123.68 to 124.23). Investors are focusing on the release of German WPI at 07:00GMT n eurozone industrial production data at 10:00GMT. Bids by various accounts are located at 1.3670/75, 1.3660/65 ...

Technical Cross Report - Euro vs. Great British Pound (2010-03-12)

Technical Cross Report - Euro vs. Japanese Yen (2010-03-12)

On Thursday Euro/Dollar continued recovering, forming a secondary rising channel on the 3 hour chart. The currency couple appreciated from 1.3624 up to 1.3687, closing the day at 1.3679. The maintaining of the ascending adjustment is valid for now, and any false break down may trigger further upward impulse, especially is we see convincing pull above the nearest and psychological resistance at 1.3…

FXstreet.com (Sydney) – The EUR/AUD has had a mixed day and is trading at 1.4946. The pair also... For more information, read our latest forex news.

Daily Outlook: Here we are finally at 1.3700 (after 3 days of waiting) and, unfortunately the price has drifted so far that the technical picture is not as short term bearish as it once was. The price broke through the hourly falling trend resistance yesterday (a bullish sign) but left the daily tre...

The euro and the pound consolidated against the dollar in today\'s Asian session, after they gained yesterday, while the yen fell slightly. The USDIX that tracks the dollar\'s strength against a basket of major currencies is trading between a high of 80.32 and a low of 80.20, while the index is curren...

EUR/USD Today's support: - 1.3610, 1.3583, 1.3544 and 1.3516(main), where correction is possible. Break would give 1.3472, where correction also may be. Then follows 1.3457. Break of the latter would result in

This is a tight call but it looks more like a recycling of the pullback that should stall around 1.3711... while this area caps look out for sustained losses... Any break above 1.3711-41 would look very bullish...

EURUSD Forecast: The EURUSD had a narrow movement of only 66 pips yesterday and we do not see significant technical move yet so far. The bias remains neutral both in nearest and medium term while long term outlook remains bearish. The bullish correction scenario testing 1.3750 area remains intact. Price has been moving in ranging condition [...]

EURJPY Forecast The EURJPY attempted to push lower yesterday, bottomed at 123.01 but closed higher at 123.79. On h4 chart below we have a significant technical movement as the trendline resistance has been violated to the upside indicating a serious threat to the bearish scenario after bullish reversal warning showed by the double bottom formation. The [...]

• Dollar Settles as Confidence and Retail Sales Data Offers a Last Chance for Volatility this Week • Canadian Dollar Recovers on Trade and Housing Data, Looks to Jobs Data for a Breakout • Euro Discomforted by Policy Makers Doubts and Reservations • New Zealand Dollar Fails to Generate the Same Volatility on Retail Sales that the RBNZ Mustered

FXstreet.com (Buenos Aires) – EUR/USD Current price: 1.3681. Testing past Thursdays highs, pair... For more information, read our latest forex news.

FXstreet.com (Sydney) – The EUR has risen slightly against the dollar and is currently trading at... For more information, read our latest forex news.

The NY session witnessed some early volatility but overall the price action was extremely muted. Risk was sold early on as US jobless claims failed to improve much from the prior week - now 462K from 468K previously. US equities would ultimately close up about +0.4% in broad terms as the S&P 500 matched the 2010 highs by 1150 at the close. The moves in the currency space were nothing to write home…

The greenback traded little changed versus major currencies on Thursday after mixed data on U.S. trade and jobless claims failed to give investors strong reasons to move the currency. The single currency briefly came under pressure after German Chancellor Angela Merkel said the first priority for Gr...

Thursday, March 11th, 2010 Recap: The dollar weakened slightly against the Euro and others after US data painted a mixed picture of the economic recovery. The trade deficit shrank but exports and i...

Swiss Franc is mildly lower after SNB left three-month Libor target unchanged at 0.25 and reiterated its stance to"prevent excessive appreciation of the Swiss franc against the euro," which would "result in an undesired tightening of monetary conditions."

FXstreet.com (London) - Euro has traded a tight range of 15 pips since the US open, largely unmoved... For more information, read our latest forex news.