EUR/USD The Euro was confined to narrower ranges during Thursday as markets lacked the energy to break major technical levels, especially with no major fresh incentives, while underlying Euro sentiment was still weak. After failing to form a government, the SYRIZA coalition handed the baton over to Pasok who came third in the election. There [...]

  The euro (EUR) was offered some relief in the absence of any headlines from Europe but today the single currency plummeted after the release of poor Chinese economic data. Figures showed today that Chinese inflation moderated in April while Chinese retail sales came out lower than expected increasing concerns about an economic slowdown in [...]

EUR/USD The Euro was unable to regain the 1.30 level in early Europe on Wednesday and remained generally fragile during the session. The Greek political situation remained a key focus during the day with further attempts to form a coalition. The SYRIZA alliance continued to negotiate with other parties, but there was little sign of [...]

  The euro (EUR) plummeted yesterday against the dollar falling as low as 1.2911 from 1.3003 on growing fears about Europe’s debt crisis. Investors are worried about Greece’s ability to avoid bankruptcy and that it may have to leave Europe’s single currency. Greek leaders failed to form a new government on Wednesday and fears of [...]

EUR/USD The Euro found some initial support close to 1.30 against the dollar on Tuesday, but rallies faded very quickly and there was a renewed test of support below this level during the US session. There was further uncertainty surrounding the Greek situation as tortuous political negotiations continued. Following New Democracy’s failure to form a [...]