EUR/USD The Euro maintained a generally firm tone ahead of the ECB meeting on Thursday and consolidated above 1.3150 against the dollar with risk conditions generally more stable. As expected, the ECB left interest rates on hold at 1.00% and the main focus was on the Chairman’s press conference. Trichet announced that the special liquidity [...]

EUR/USD The Euro initially consolidated above 1.30 against the dollar on Wednesday and then pushed higher during the European session. The ECB was an important focus of attention and Thursday’s meeting will also be extremely important for Euro sentiment. In comments on Wednesday, ECB Chairman Trichet suggested that the ECB might provide additional support for [...]

EUR/USD The Euro remained firmly on the defensive during Tuesday and tested support levels below 1.30 for the first time since mid September before stabilising just above this level. As has been the case over the past few days, the market was dominated by developments within the Euro-zone and increased market fears over the Euro [...]

European debt contagion fears continue to spread! The Dollar Traded stronger yesterday as investors continued to punish the smaller European countries selling bonds aggressively and sparking further risk aversion in global stock markets. US Data was mixed with November Chicago PMI forecast at 62.5 vs. 60.0 previously and September Case Shiller House Price index +0.6% [...]

EUR/USD The Euro remained under pressure during Monday with negative developments surrounding technical and fundamental factors and the currency retreated to 10-week lows below 1.31 against the dollar. There was a persistent lack of confidence in the Euro-zone economies with a continuing focus on the contagion threat. Following the EUR85bn rescue package for Ireland, there [...]