Trading Made Easy

EUR Stages Recovery Following EU News

January 31, 2012 4:08 pm by Dan Eduard

News that euro-zone leaders came to an agreement to set up a permanent bailout fund lifted the euro throughout today’s trading session. While Greece still has yet to come to an agreement with its creditors regarding a debt-swap deal, investors responded to the EU news by shifting their funds away from safe-havens to riskier assets. The EUR/USD briefly crosses the 1.3200 line as a result, while the EUR/JPY shot up over 50 pips before staging a downward correction.

Read the rest of this entry »

Dollar Stages Upward Correction Following Poor Euro-Zone News

January 30, 2012 4:44 pm by Dan Eduard

The USD came off a six-week high against the euro in trading today, after news that Greece had once again failed to come to reach a debt swap deal with its creditors. Earlier in the day, the EUR/USD reached as high as 1.3231 before investors began selling off the pair. The AUD/USD also saw a substantial drop, falling well over 100 pips during the European trading session. The greenback failed to move up against the yen, as investors chose to keep their funds with the safe-haven Japanese currency.

Read the rest of this entry »

Fed Decision Turns USD Bearish

January 26, 2012 5:34 pm by Dan Eduard

The US dollar turned overwhelmingly bearish throughout yesterday’s trading session, following the Fed announcement that US interest rates would remain at their current levels for at least the next two years. The greenback took further losses after the weekly US Unemployment Claims came in higher than forecasted. The news brought the EUR/USD to a five-week high, while the USD/JPY reversed gains made earlier in the week and tumbled close to 80 pips.

Read the rest of this entry »

USD Turns Bullish Following EU News

January 25, 2012 4:43 pm by Dan Eduard

The US dollar had a particularly strong day today following negative news out of both Japan and the euro-zone. News that Japan has logged in a trade deficit for the first time since 1980 caused the USD/JPY pair to jump more than 100 pips throughout the day. Meanwhile, fresh concerns regarding Greece’s sovereign debt drove EUR/USD down, virtually erasing gains made at the beginning of the week.

Read the rest of this entry »

Positive Euro-Zone Indicators Fails to Boost EUR

January 24, 2012 4:11 pm by Dan Eduard

Ongoing concerns regarding the prospect of Greece defaulting on its debt, as well as fresh worries regarding Portugal’s debt caused the euro to tumble vs. the US dollar in today’s trading. Investors once again reverted back to the safe-haven dollar as it became clear that the euro-zone crisis is far from over. Despite better than expected euro-zone manufacturing indicators, the EUR/USD once again dropped below the 1.3000 level. Although the pair is still well above its recent 17-month low, analysts are quick to warn that further negative European news could bring it down further.

Read the rest of this entry »

Greenback Bearish Ahead of Fed Meeting

January 23, 2012 4:30 pm by Dan Eduard

Following the losses the US dollar took during the European trading session today, investors will be eagerly watching for news out of the two-day Federal Reserve Policy Meeting scheduled to start tomorrow. The USD started off the week on a bearish note following an increase in risk taking due to apparent signs of a euro-zone economic recovery. The trend brought the EUR/USD above the 1.3000 for the first time in nearly three-weeks, while the AUD/USD shot up over 100 pips over the course of the day.

Read the rest of this entry »

EUR/USD Above 1.29 Ahead of Possible Greek News

January 20, 2012 12:26 pm by Dan Eduard

As investors cautiously await any news regarding a Greek debt swap deal, the EUR/USD has slipped following last night’s bullish run. That being said, the pair has managed to stay above the 1.2900 level, well above the 17-month low hit last week. The EUR/USD saw significant upward momentum yesterday following successful debt auctions from both Spain and France. While the pair was not able to break the psychologically significant 1.3000 level, the positive news boosted investor hopes that the euro-zone may be slowly heading toward some kind of recovery.

Read the rest of this entry »

USD Gains vs. JPY Following Unemployment Report

January 19, 2012 4:17 pm by Dan Eduard

The US dollar saw substantial gains against several of its main currency rivals today, following a better than expected US Unemployment Claims figure. The weekly unemployment figure came in at an almost 4-year low and well below analysts earlier predictions. The news helped boost faith in the US economic recovery and turned the USD bullish against both the Japanese yen and Australian dollar.

Read the rest of this entry »

Possible Deal on Greek Debt Helps Euro

January 18, 2012 4:20 pm by Dan Eduard

The euro received a positive boost during today’s session, as news that Greece may be close to a deal on its debt led to risk taking among traders. Additionally, the IMF proposal to increase its lending capacity helped riskier currencies like the euro throughout the day. That being said, the euro’s gains were not so significant to signal a change in its long term bearish trend. The euro-zone’s problems still far outweigh any positive news, and analysts maintain that a real reversal for the common currency is still nowhere in sight.

Read the rest of this entry »

German Data Gives EUR a Boost

January 17, 2012 4:20 pm by Dan Eduard

A positive Chinese GDP report, combined with a better than expected German ZEW Economic Sentiment figure led to some investor risk taking throughout today’s trading. The euro received a significant boost against its safe-haven currency rivals as a result of the news. Against the US dollar, the euro rose as high as 1.2807 before retreating during the evening session. Still, the EUR/USD remains well above the 17-month low reached last week at 1.2624. The EUR/JPY, which recently hit an 11-year low, shot up well over 100 pips before hitting resistance during the afternoon session.

Read the rest of this entry »

« Previous Entries
Next Entries »