Euro is the relatively new currency first introduced by the European Union in 1999.The currency has been adopted by the 16 countries of Europe.
Posts Tagged ‘Euro Dollar’
Features of EUR/USD-Pair -Factors Affecting The Movement Of The Currency Pair
Euro Versus Dollar
Currency trading market, though the biggest and largest financial market in the world, is extremely volatile and fluid in nature. US dollar, still remains the undisputed currency in the Foreign exchange market, though it would not be wrong to say that unless we see a substantial spurt in the economy of the US, things might change in the near future.
The euro lost ground to the dollar on Friday as the rally in equities came to a halt
The dollar strengthened, consolidating after broad selling on the back of data showing strong US growth, gaining over a cent on the single currency.
- Equities took a sharp downturn at the end of last week, having rallied after the positive US GDP data, most likely as a result of end of month profit taking, which buoyed demand for the greenback.
Euro / dollar remains under pressure
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US dollar continues to push higher against the euro, as consumer confidence stumbles
The dollar rose against the single currency for a third consecutive day in its longest advance since August, as a report showed US consumer confidence fell this month.
Commerzbank: too early to talk about the end of the downtrend of the dollar
Negative economic statistics supported the dollar
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Euro managed to push through $1.50, but has slipped this morning following mildy disappointing Chinese data
The single currency resumed its upward march against the greenback yesterday, finally broaching the 1.50 mark, to close up half a cent at 1.5015.
Dollar “bulls” and “bears” met at the border
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Euro Dollar one-minute Trading System
Indicators:
Step MA v7 – default with step set to 20 & width set to 1
Heiken Ashi – default with color set to red/dodger blue & width set to 1
Stochastic Oscillator – set to 14,3,3 with 20/80 levels & only using the main line
Strategy MT4 Template stepma.tp
Buy Signal
1- the step ma turns from red to blue
2- stoch signal line closes at or above the 80 level
3- heiken ashi candle is blue
Sell Signal
1- step ma turns from blue to red
2- stoch signal line closes at or below the 20 level
3- heiken ashi candle is red
Stop Lose
20 pips including spread
Target profit
20 pips after spread
Time frame
1 minute
Currency pair
EUR/USD
Trade signal
On the close of a candle
any Question about the system i am here to answer
HAve A nICe tRADe
Today Asia behaved more discreetly
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Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning
The single currency pushed higher once again as the greenback suffered from rising appetite in the wake of positive economic signs.
- The dollar initially made after ECB President Trichet said that the US government and the Federal Reserve should pursue policies supporting a strong dollar and that excessive foreign-exchange volatility is an “enemy.”
- However the euro trimmed its losses in the afternoon following positive US data, which bolstered expectations that the economy is recovering.
UBS forecasts for the U.S. dollar
According to the forecast UBS, the euro to the dollar amount to 1.40, the Australian dollar to 80 cents, to New Zealand dollar 65 cents.
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