Thursday, September 2, 2010
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EUR/USD
The Euro found further support near 1.2650 against the dollar during Wednesday and strengthened to above the 1.2750 level ahead of the US economic data releases with reports of Far East central bank Euro buying providing some underlying support.
The US ADP employment report was weaker than expected with a [...]

Wednesday, September 1, 2010
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EUR/USD
The Euro found support below 1.2650 against the dollar during Tuesday and rallied to highs just below 1.2750 during the US session. The Euro was unable to sustain the advance and re-tested support levels near 1.2650 during Wednesday.
The Euro-zone data was broadly in line with expectations and did not [...]

Tuesday, August 31, 2010
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EUR/USD
The Euro was unable to break resistance levels above 1.2750 against the dollar during Monday and drifted weaker, notably in the US session with lows below 1.2680 as buying support faded.
Despite an initially favourable reaction to Fed Chairman Bernanke’s comments on Friday, underlying confidence in the US economy remained [...]

Monday, August 30, 2010
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EUR/USD
The Euro found support below 1.27 against the dollar in European on Friday as markets consolidated ahead of key event risks later in the US session.
US second-quarter GDP growth fell to 1.6% from a provisional 2.4%. As expected, a deterioration in the trade account was the prime reason for [...]

Friday, August 27, 2010
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EUR/USD

The Euro hit resistance close to 1.2750 against the dollar on Thursday, but found support below 1.27 as consolidation was the dominant feature after heavy volatility earlier in the week. Stronger than expected demand in the latest Irish bond auction also provided some degree of relief for the currency [...]

Thursday, August 26, 2010
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EUR/USD
The Euro attempted a technical recovery in European trading on Wednesday with a challenge on resistance levels above 1.27 against the dollar. The currency looked to correct higher after recent sharp losses and also drew support from a stronger than expected reading for the German IFO index.  The recent [...]

Wednesday, August 25, 2010
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EUR/USD
The Euro remained under downward pressure during the European session on Tuesday as a wider lack of risk appetite remained an important negative factor for the currency. Stronger than expected Euro-zone industrial orders data did not have a significant impact with markets much more concerned over the economic outlook [...]

Tuesday, August 24, 2010
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EUR/USD
The Euro held broadly stable in European trading on Monday, but was unable to make any headway above 1.2730 against the dollar as underlying confidence remained fragile and it retreated again in US trading.
Confidence in the global economy remains fragile amid fears over a double-dip recession and risk appetite [...]

Monday, August, 23, 2010
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EUR/USD
The Euro was unable to secure any significant buying support in European trading on Friday and, after hitting selling pressure close to the 1.2830, there was renewed selling pressure during the session
The currency was undermined initially by persistent weakness in risk appetite as concerns over the global economy increased [...]

Friday, August 20, 2010
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EUR/USD
The Euro has continued to probe technical support and resistance levels over the past 24 hours, but markets have been unable to break down these levels. The Euro strengthened in European trading on Thursday, supported in part by an upgrading of near-term German growth forecasts by the Bundesbank. There [...]

Thursday, August 19, 2010
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EUR/USD
After retreating during the Asian session, the Euro held a firm tone in European trading on Wednesday and continued to probe resistance levels above the 1.29 level against the dollar. Risk conditions remained calmer following the overnight Wall Street gains, but markets still had important reservations over the global [...]