Posts Tagged ‘Euro Dollar’

Drop against euro and dollar: Swiss franc

On the Tuesday trade, they estimated that the Swiss franc has been dropped against the value of both euro and dollar. Muammar Gaddafi, Libyan leader reported that the investors and traders have now got a no belief idea at the values and so they are trying to be away from investing in Swiss.

Brent crude prices have been slipped on the Monday trade from $115 and so European was at the stage facing the loss. However, on Tuesday they regained from their losses, leader added to his report. As the point of economist the factors that decide the forex markets are many and the major role is given for politics.

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Euro claims higher against dollar

In the trade market the common factor that is being discussed is about the issues of dollar value weakened in overseas. Euro claimed higher than the dollar value. The price rise is mainly due to the anti inflation signal provided to the European countries and by the central bankers.

 

The trade on the Monday had notified the increase in the value of euro. The value of euro on Friday trade was at $1.3749 and it reached $1.38 and then climbed little higher to $1.3803 on the trade value today (Monday).

 

Dollar has tried to reach little high against yen when compared with the Friday trade market range.

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Euro rose against the dollar

Values of Euro have risen against the dollar in Asian trade believing that it would help in reconstructing the deal with the German leader. From $1.3488 it has stretched to $1.3526 in the trading market. The currency value of yen has been raised from 112.97 to 113.27 in the nights of Tuesday.

The dollar traded value in the means of yen has been little high in one point range. Their value has reached 83.93 yen from 83.74 yen. Yuzo Sakai, manager of FX business promotion situated at Tokyo Forex said the concern with the westLB has disturbed the euro in past few days.

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Features of EUR/USD-Pair -Factors Affecting The Movement Of The Currency Pair

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. They are collectively known as Euro zone.

The EUR/USD is the most widely traded pair in Forex. Both the currencies are powerful currencies. The dynamism and high trading volumes of the two currencies make them very liquid, creating greater opportunities of profit by trading them. Oil is bought and sold in Dollars. Thus heavy trading of dollars takes place through out the world. The euro and dollar are the only currencies, which largely traded.

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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. Last two quarters have shown a remarkable improvement (positive growth have been reported from various sectors) as far as the US economy is concerned. It was therefore not surprising to note that Euro hit it’s seven month low in comparison to the US dollar.

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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. Data also showed that US consumer spending fell for the first time in five months in September, coinciding with the end of the government’s car scrappage scheme. The US Commerce Department says spending dropped 0.5% in September, compared with a 1.4% rise in August, which encouraged investors to buy back into the haven currency.The US dollar extended gains in the afternoon, pushing the euro down near three-week lows after data showed that a US Midwest manufacturing index was stronger-than-expected failed to heighten risk appetite. The euro has climbed in trading this morning with the price currently hovering around the mid 1.47 mark.

Euro / dollar remains under pressure

A pleasant surprise from the report, Chicago PMI, as well as a slightly higher rate of index of consumer sentiment for October, the University of Michigan failed to inspire the bulls in the euro / dollar for a new assault attempt. Euro is currently continuing pressingovat session lows, and while the bids around $ 1.4780/70 while holding back a couple of further fall, dealers are reminded of feet below, and pay attention to the rebalancing of the positions of market participants at the end of the week and month. They note that investors have left a large amount of long positions in the euro, and see the risks to decline to $ 1.4760/50 and $ 1.4730/20.

RBS recommends buying euro / dollar on the decline

As the currency analysts Royal Bank of Scotland, the rising trend of the euro remains in force, and investors should buy the currency at lower. The bank’s strategy pay attention to the fact that the euro / dollar has declined and is now in the middle part of the recent consolidation range.In the case of a deeper correction of a couple may go down to the area of $ 1.45, but it is unlikely this decline will be long.Bank analysts believe that in the medium term investors should buy the euro / dollar to decline. Currently, the euro / dollar bargains at level of $ 1.4847.

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. The euro struggled in trading yesterday after data showed that public sector lending in the eurozone declined by 0.3% in September compared to this period last year. The figure raises concern that there are still few signs that the ECB’s unlimited provision of liquidity to banks is prompting any pick up in eurozone broad money lending, which could put pressure on the single currency.

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Commerzbank: too early to talk about the end of the downtrend of the dollar

According to currency analysts Commerzbank, yesterday’s strengthening of the dollar can hardly be regarded as a signal to the end of the downtrend of the U.S. currency. The bank believes that declare the weakening U.S. dollar would be premature. Currency U.S. remains under pressure due to continued low interest rates, due to which increases its attractiveness as a funding currency transactions carry trade. Nevertheless, the growth of the euro against the dollar, perhaps a little exhausted strength, and positive data published today a report on consumer confidence in the United States may have additional pressure on the single European currency.

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Negative economic statistics supported the dollar

News from the United States was not the most positive and unexpected drop in the index of consumer confidence from the Conference Board to 53.4 to 47.7 points and the index of business activity FRB Richmond from 14 to 7 points in October, provoked a weakening appetite for risk. As a result, the euro / dollar struck support at $ 1.4840 and fell to fresh session lows around $ 1.4788, where bids placed up to $ 1.4785, while holding back the onslaught of the bears. Meanwhile, the pound / dollar, even before the publication of the report demonstrated the onset of weakness, broke the defense of the bulls at $ 1.6350, and returned to bids near the Asian session lows.

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. In early trading, the euro retreated from near 14-month highs as some investors bet European policy makers would say they are still concerned that the euro’s strength will harm the economic recovery. Analysts also said that the single currency’s sharp fall against the pound weighed on the euro/dollar price, which has recently remained anchored just below the $1.50 level. However, the dollar relinquished its gains in the afternoon as rising U.S.

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Dollar “bulls” and “bears” met at the border

Although published in the previous session, quarterly reports were once again better than forecasts, the markets have decided instead to beat the American statistics, which do not meet the expectations that led to a strengthening dollar and a slight correction on Wall Street. The number began construction in the U.S. over the next period increased slightly (590 thousand against 587 thousand the previous figure and the forecast 610 thousand), while building permits dropped from 580 thousand to 573 thousand (estimated 595 thousand)On the recovery of the dollar against the euro / dollar rolled away from the level of 1,50, and not felt it.

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UniCredit: euro / dollar is preparing to break through 1.50

As the currency analysts UniCredit, the weakening U.S. dollar continues and does not even try to slow down, thus, believe in the bank, no data on the U.S. housing market, which went today at 16:30 Moscow Time, or the next series of earnings reports of companies for the 3rd quarter, most likely not be able to stop this decline. Thus, the bank’s strategy continues to prefer to sell the U.S. currency. Meanwhile, talk that the European authorities are opposed to strengthening European currencies lose their value, which creates favorable conditions for a breakthrough level of 1.50 – stop-loss and option barriers, of course, will increase volatility in the first attempt to break through this level.

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Euro Dollar one-minute Trading System

The System rules :-Indicators:Step MA v7 – default with step set to 20 & width set to 1Heiken Ashi – default with color set to red/dodger blue & width set to 1Stochastic Oscillator – set to 14,3,3 with 20/80 levels & only using the main lineStrategy MT4 Template stepma.tpBuy Signal1- the step ma turns from red to blue2- stoch signal line closes at or above the 80 level3- heiken ashi candle is blueSell Signal1- step ma turns from blue to red2- stoch signal line closes at or below the 20 level3- heiken ashi candle is redStop Lose20 pips including spreadTarget profit20 pips after spreadTime frame1 minuteCurrency pairEUR/USDTrade signal On the close of a candleany Question about the system i am here to answerHAve A nICe tRADe


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