Fx Charts

Nevertheless, the greenback remained strong with the euro/dollar trading above 1.3100 forming a flag formation with bullish implications on the hourly chart. The cable (GBP/USD) corrected half of yesterday’s move that was propelled by rising core …

(eToro Blog) Eurostat reported earlier today that the Producer Price Index for January rose, both on a month-over-month basis as well as on a year-over-year basis, beyond analysts’ expectations, suggesting that inflationary pressures are still preval…

(eToro Blog) Yesterday’s releases of Euro-area PMI manufacturing data was unexpectedly poor, suggesting that the Eurozone could sooner than later slip into recession, yet the news had only a minimal effect on the Euro-Dollar which quickly recovered. …

(eToro Blog) Putting a little pressure on the Euro yesterday was news that Portuguese bond yields touched on record highs, suggesting to investors that Portugal is quickly becoming the new Greece. However, that pressure was brief as the Euro-Dollar is …

(eToro Blog) Wall Street had earlier rallied higher on investor hopes that Greece would reach an agreement with private bond holders that would prevent the country from defaulting on the debt which comes due in March. Despite some initial pull back for…

(eToro Blog) With economic data points lacking today from the Eurozone, some traders have switched their focus to the Australian Dollar, which is rallying higher, trading recently at 1.0563, a session high. Even trader pyruss, who allocates nearly 95% …

(eToro Blog) Media reports over the weekend, one bad and one not-so-bad, sent investors of the Euro-Dollar into defensive mode. Since the currency markets opened for the trading week, bearish posturing has been the norm and it’s no different among tr…

(eToro Blog) For the brunt of the trading week, markets and traders of the Euro and other higher-risk currencies were clearly optimistic that surprisingly positive economic data from the Eurozone might be pointing to a recovery of sorts. After a retrea…

I’m no Forex (FX) trader, but I think it’s funny that so many macro guys … I’ll leave you with a side-by-side comparison of the EUR/USD & DXY monthly charts, something to keep in mind over the coming years: (Click to enlarge) EURUSD v DXY monthly- th…

On the charts, immediate support for euro/dollar lies at $1.3104 … Steven Englander, global head of FX strategy at Citi, calls this a “significant change” in the bank’s positioning.