EUR/USD False Breakout from Wedge Chart Pattern
November 29, 2011 12:35 pm by Russell GlaserThis morning’s EUR/USD price action looks like a false breakout from the falling wedge pattern on the daily chart.
German Economic Data Temporary Lifts EUR
November 24, 2011 10:27 am by Russell GlaserGermany received some good news today with the release of a better than expected German Ifo survey and a strong GDP reading. The positive data comes on the heels of a tough 24 hours for both the EUR and risky ...
Potential EUR Short Squeeze Before the Weekend?
November 24, 2011 8:33 am by Russell GlaserThe EUR and equity markets have come off of their lows though sentiment remains fragile and any potential rally in riskier assets may only prove to be temporary. With US markets closed for the Thanksgiving holiday flows will be on ...
EUR Sinks Following German Bund Auction
November 23, 2011 2:32 pm by Russell GlaserThe EUR was sent to a 6-week low versus the USD after multiple bearish events came one after another. The final straw was a weak bond auction by Germany.
Economic Calendar Packed with Data
November 23, 2011 8:23 am by Russell GlaserToday will have a significant amount of data on the economic calendar. European PMI data will likely show the euro zone slipping towards a recession. The BoE meeting minutes could hint at additional easing of UK monetary policy. EU industrial ...
Watching Spanish and French Bond Auctions
November 17, 2011 8:16 am by Russell GlaserIn a sign of market stress European bond yields continue to rise with the spread between German and French 10-year bonds climbing to an EMU high of 195 bp. This has kept pressure on the EUR with the EUR/USD making ...
EUR Rebound Short-lived
November 16, 2011 12:40 pm by Russell GlaserAn early morning rebound in both the EUR and Italian bonds were short lived while the BoE preps for additional quantitative easing with its latest inflation report.
Look Out for Greek Confidence Vote
November 16, 2011 9:05 am by Russell GlaserThis morning the EUR/USD slipped below the key 1.35 level versus the USD before finding some buying interest at technical levels. Today has a large amount of data releases on the economic calendar but the political issues should not ...
Surprise Q3 GDP from Germany and France but EUR Sinks
November 15, 2011 11:10 am by Russell GlaserEuro zone economic data out this morning shows the French and German economies performed in-line or better than consensus forecasts. However, traders need to remember that the data is not forward looking and is most likely already included in the ...
Busy Economic Calendar for Forex Trading
November 15, 2011 8:00 am by Russell GlaserToday forex traders should be focusing on the economic calendar. We have already seen better French Q3 GDP results but the forward looking German ZEW Economic Sentiment will likely attract much of the attention in today’s European trading session. ...
