EUR/USD The Euro was unable to regain any significant ground on Monday and was subjected to renewed selling pressure as underlying confidence deteriorated. The focus was inevitably on Europe given that there was a US market holiday. A loss of support near 1.41 pushed the currency to lows below 1.4050. There were further important stresses [...]

EUR/USD The Euro was unable to regain the 1.44 level in European trading on Thursday and was again subjected to heavy selling pressure as it dipped to the lowest level since the middle of August. The latest PMI data was weaker than expected with the revised manufacturing index dipping to the lowest level since June [...]

EUR/USD The Euro was blocked in the 1.4520 area against the dollar in Europe on Tuesday and subjected to heavy selling pressure with a test of support below 1.44 as risk appetite deteriorated. European equities surrendered initial gains which damaged confidence and there was a weaker than expected Italian bond auction result which increased fears [...]

EUR/USD After advancing strongly late in the US session on Friday, the Euro maintained a firm tone in European trading on Monday and challenged resistance levels near 1.4550 before drifting weaker. There was a general improvement in risk appetite with further speculation following Bernanke’s comments that the Federal Reserve would provide some form of additional [...]

EUR/USD The Euro again stalled in the 1.4475 area against the dollar on Thursday and was subjected to heavy selling pressure during the US session with lows near 1.4330 as a weaker Euro was compounded by a generally firmer dollar tone. Euro confidence was unsettled initially by a further rise in Greek yields to fresh [...]