Euro J

Currency Trading Charts News

Factory Orders Contract Sharply in JulyTuesday, September 7, 2010 @ 5:10AMGerman factory orders in July fell by 2.2% missing expectations of a 0.5% expansion according to the Economy Ministry in Berlin. The drop was most unexpected and comes amid weakening demand from the euro-region for German produced goods, suggesting that the recovery in Germany may slow in the third quarter, after its blistering pace in Q2. Axel Weber, Germanys central bank president said ...

Singapore Dollar to End Drop Versus Ringgit: Technical AnalysisTuesday, September 7, 2010 @ 4:02AMThe Singapore dollar is unlikely to add to this year’s 5 percent slide against Malaysia’s ringgit, underpinned by a moving average that hasn’t been breached for more than 20 years, according to Forecast Pte.

Singapore dollar to end drop versus ringgit: technical analysisTuesday, September 7, 2010 @ 3:07AMThe Singapore dollar is unlikely to add to this year’s 5% slide against Malaysia’s ringgit, underpinned by a moving average that hasn’t been breached for more than 20 years, according to Forecast. The 100-month moving average on the exchange rate has been a “very reliable support” since 1989, according to Winston Tang, a technical analyst at Forecast. The Singapore dollar has during the period ...

EURUSD: Remain Short as Risk Aversion ReturnsTuesday, September 7, 2010 @ 3:01AMI sold EURUSD at 1.2660 . A shallow recovery has taken rates higher for re-test of 1.29 but I am expecting the re-emergence of risk aversion in the autumn months to boost safety-linked demand for USD and will remain short. My initial target remains at 1.2130, with a stop-loss to be activated on a daily close above 1.2925. DailyFX provides forex news on the economic reports and political events ...

British Pound May Rise With Stocks but Seasonal Factors, BOE ThreatenFriday, September 3, 2010 @ 10:11PMFundamental Forecast for British Pound: Neutral UK Manufacturing Slows , Service Sector Disappoints British Pound Consolidation Continues at Fib Support Speculative Sentiment Hints Pound Losses vs US Dollar A forceful recovery in risk-taking promises gains for the British Pound as sentiment remains the dominant catalyst of price action, with GBPUSD showing a correlation reading of 0.64 with the ...

Canadian Dollar May Appreciate Against USDThursday, September 2, 2010 @ 11:13AMUSDCAD The ratio of long to short positions in the USDCAD stands at 1.17 as nearly 54% of traders are long. Yesterday, the ratio was at 1.28 as 56% of open positions were long. In detail, long positions are 5.4% lower than yesterday and 9.2% stronger since last week. Short positions are 4.0% higher than yesterday and 14.8% weaker since last week. Open interest is 1.3% weaker than yesterday and ...

British Pound Forecast to decline Against Japanese YenThursday, September 2, 2010 @ 11:13AMGBPJPY The ratio of long to short positions in the GBPJPY stands at 2.04 as nearly 67% of traders are long. Yesterday, the ratio was at 1.46 as 59% of open positions were long. In detail, long positions are 8.3% higher than yesterday and 28.6% stronger since last week. Short positions are 22.3% lower than yesterday and 25.5% weaker since last week. Open interest is 4.1% weaker than yesterday and ...

US Dollar Forecast Turns Bearish vs Euro, Japanese YenThursday, September 2, 2010 @ 11:13AMEURUSD – Euro Forecast Turns Bullish Against US Dollar GBPUSD – British Pound Bias Calls for Weakness USDJPY – Japanese Yen Forecast to Gain Further USDCHF – Swiss Franc Likely to Strengthen against Dollar USDCAD – Canadian Dollar May Appreciate Against USD GBPJPY – British Pound Forecast to decline Against Japanese Yen View individual currency SSI charts in our FX Sentiment section Interested ...

Growth Data Impresses but SNB Likely to Remain on HoldThursday, September 2, 2010 @ 1:09AMAnother big jump in this data series after well exceeding market expectations and also showing an upward revision to the previous print. A closer look at the components showed investment as the most impressive area, while household consumption was the only minor disappointment after coming in flat. While the data is extremely encouraging and in line with leading indicators, there are still some ...