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Euro Looks to Break Out Against Pound in Forex Trading
April 27, 2011Euro in currency trading The euro has been seeing success today in forex trading, gaining against the U.S. dollar, even though gold prices have pulled back some. Right now, the euro is attempting a break out against the U.K. pound in forex trading. Euro is seeing some interest today, as euro zone equities rally, and [...]
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Euro Pulls Back Some in Forex Trading
April 23, 2011U.S. dollar shorts cover So far, it’s been relatively quiet on the markets. This isn’t terribly surprising, since it’s a holiday in Europe and in the U.S. Financial markets in Europe and the U.S. are closed for Good Friday, and the currency market is reflecting this low volume. However, that doesn’t mean that nothing has [...]
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Euro Drops in Forex Trading
April 19, 2011High beta currencies down on U.S. downgrade High beta currencies like the euro are lower in forex trading today as forex traders become spooked over debt worries. It’s true that the U.S. debt outlook was downgraded, but that hasn’t stopped traders from favoring the U.S. dollar over the euro. Indeed, the news is a reminder [...]
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Euro Lower in Forex Trading
April 17, 2011Ireland downgrade affects euro Moody’s downgraded Ireland earlier today, and that is affecting confidence in the euro zone. The euro is down against the U.S. dollar in forex trading as concerns about the financial system in Europe persist. However, the euro is expected to make up some ground as risk appetite starts to return to [...]
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EURO UNDER PRESSURE AS SPANISH BANK REFORM LOOMS
April 15, 2011The dollar remains generally weak, hitting a fresh 16-month low against a basket of currencies in early morning trade as markets remain convinced that the Federal Reserve will keep its loose monetary policy, widening interest rate differentials in favour of higher-yielding currencies. According to Beige Book released last night (which will form Read more … [...]
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Euro Continues to Surge in Forex Trading
April 13, 2011Currency trading on the FX market The euro continues to maintain the upper hand against the U.S. dollar in forex trading on the currency market. Euro is heading higher, in spite of the general risk aversion in the financial markets today. Instead of focusing on Japan and a possible nuclear crisis, like so many of [...]
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Euro Continues to Gain in Forex Trading
April 9, 2011U.S. dollar down across the board Surging metals prices are sending the euro higher in forex trading, as the dollar drops across the board. Euro continues to gain in forex trading, targeting 1.51. Right now, risk appetite for higher yields is high as the U.S. dollar is forced lower by sky rocketing gold prices and [...]
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EURO WEIGHED DOWN BY PORTUGAL DEBT DOWNGRADE
April 7, 2011After a spike higher going into the weekend and hitting a 2011 high of $ 1.4268, the euro was largely range bound versus the USD yesterday before coming under some modest selling pressure in early morning trade on the back of news that Moody’s have downgraded Portugal’s sovereign debt. The dollar, however was held back [...]
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Euro Forex Trading Forecast: ECB Rate Decision Tomorrow
April 7, 2011Euro consolidates in preparation for tomorrow’s decision While other high beta currencies surge to new highs against the U.S. dollar, the euro is mostly in consolidation mode ahead of tomorrow’s ECB rate decision. Currencies like the Canadian dollar and the Australian dollar are much higher against the greenback in currency trading on the FX market. [...]
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Forex: Euro ticks down after Moody’s downgrades Portugal
April 5, 2011FXstreet.com (Barcelona) – The Euro has dipped moderately against its main currency rivals, after… For more information, read our latest forex news. FXstreet.com: Latest News
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Euro Looks Strong in Forex Trading
April 5, 2011European currency in currency trading The euro looks strong once again in forex trading on the currency market. The 17-nation currency pulled back a little in earlier trading, heading lower against the U.S. dollar. However, more positive data out of the euro zone, and expectations that the ECB will raise rates later this week, has [...]
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EURO UNDER PRESSURE FOLLOWING SPANISH DEFAULT FEARS
April 3, 2011The euro has slipped back below the $ 1.41 level versus the dollar, while also coming under some modest selling pressure versus the GBP, though not before hitting a five month high yesterday versus the UK currency. In terms of forex moves overnight, markets are reacting to comments from Fed officials suggesting that at least [...]
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Euro Higher, But Can’t Maintain Above 1.42
April 1, 2011Euro gaining in forex trading The euro is higher in forex trading against the U.S. dollar, but it can’t maintain above the 1.42 level. The euro touched above 1.42, but has pulled back below that. Forex traders are concerned about the Irish bank stress test results, showing that more capital is needed. However, euro hasn’t [...]
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Euro Drops in Forex Trading
March 28, 2011U.S. hawkishness sends euro down against dollar in currency trading The euro is falling in forex trading today as the U.S. dollar gets a boost from some surprising bullishness. Indeed the Fed’s Plosser made some rather hawkish comments. This could mean that the U.S. is preparing to change its monetary policy. And that means the [...]
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Euro Weakens on the FX Market with Portgual in Focus
March 24, 2011Currency trading with the euro The euro is weakening on the FX market today as Portugal comes sharply into focus. Concerns about sovereign debt in Portugal have been intensified by worries that the parliament will reject the latest austerity proposals. Indeed, the euro is down in forex trading against the U.S. dollar, largely because of [...]
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EURO AT FIVE WEEK HIGH AGAINST STERLING
March 22, 2011Despite an initial blip early in the day, the news of Moody’s rating downgrade for Greece had little overall impact on the euro, as the single currency continues to be supported by talk of higher interest rates from the ECB at its April meeting. The EUR hit a four month high against the dollar yesterday, [...]
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Euro Rally Continues Above 1.41
March 20, 2011Euro gains in forex trading The euro is continuing its rally in forex trading on the currency market. The 17-nation currency has moved above the 1.41 mark, and is looking for some solid support moving forward. Some of the support for the euro in forex trading is coming from the expectation that interest rates will [...]
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Euro Rebounds as ECB Gears Up to Help with Sovereign Debt
March 9, 2011Euro in forex trading The euro is gaining in forex trading on the currency market as the situation changes somewhat in the euro zone. Concerns about Portugal are still there, but the European Central Bank is easing some of the sovereign debt fears by getting ready to buy debt. As a result, the euro is [...]
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Euro Gets a Boost as Risk Appetite Improves
February 28, 2011Euro in forex trading The euro is getting a boost in forex trading on the currency market, thanks to improved risk appetite. Indeed, equities around the world are heading higher, and that is helping high beta currencies like the euro. Euro is getting help from economic data showing that personal income and personal spending is [...]
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Where is the Euro Headed Next in Forex Trading?
February 25, 2011Euro forex trading forecast Concerns of where the euro is headed next in forex trading are surfacing again. Euro is losing ground to the U.S. dollar in currency trading as concerns about the euro zone economy are balanced against improved data out of the U.S. Right now, the U.S. economy is showing improvement, with consumer [...]