EU Morning Report Better than expected Durable Goods Orders lift the dollar The US dollar rebounded against its major counterparts yesterday after significantly better than expected Durable Goods Orders. Following the positive data from the US, speculators argue that the Fed Chairman Ben Bernanke may not go as far as announcing a third round of [...]

EUR/USD The Euro found support in the 1.4350 region against the dollar on Tuesday and rallied strongly following relief that the European PMI data did not signal a further sharp deterioration in conditions. The Euro-zone manufacturing PMI index weakened to 49.7 from 50.4, as the German sector held steady while the service-sector data overall was [...]

EUR/USD The Euro again found support close to 1.4350 against the dollar on Monday and rallied to highs around 1.4430, but it was unable to sustain the advance and dipped back to the 1.4350 region late in New York as caution prevailed. There were further stresses in the money markets as the dollar Libor rate [...]

EUR/USD The Euro found support close to the 1.4250 area against the dollar on Friday and initially consolidated close to the 1.43 area before moving sharply higher early in the US session with a test of resistance near 1.4450. The Spanish government reported that it would take further fiscal measures to strengthen the budget  which [...]

U.S. Dollar Trading (US) stocks extended gains on Monday with some positivity coming back into most markets. EUR/CHF continue to rally on short covering with the SNB now set to meet on Wednesday in what could be a watershed moment for the safe haven currency. Traders ignored some weak manufacturing data with the August NY [...]