Daily Outlook

Euro/USD Daily Outlook –April 16

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The Euro/USD mainly zigzagged during last week but the general direction this month so far was down. The concerns over Spain are still here and there are calls for another ECB intervention (perhaps another LTRO).  On today’s agenda: U.S. Retail…

Euro/USD Daily Outlook –March 29

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The Euro/USD didn’t do much yesterday and remained virtually flat. There weren’t big headlines that came out yesterday. The U.S durable goods report came out and may have affect market sentiment and thus also commodities prices. The ministers of finance…

Euro/USD Daily Outlook –March 5 2012

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The Euro/USD continued its decline as it fell during the past three consecutive days. There are several items on today’s agenda including U.S non-manufacturing PMI and U.S. factory orders.         Here is a short outlook for the Euro /USD for…

Euro/USD Daily Outlook –March 1

Money

The Euro/USD changed direction and sharply declined yesterday by nearly one percent; this came after Bernanke’s testimony that disappointed traders for not mentioning any QE3 on the one hand and his optimism of the recovery of the US economy.  The…

Euro/USD Daily Outlook –February 23

Money

The Euro/USD didn’t do much yesterday as it has slightly rose, while many other currencies such as Canadian dollar and Yen depreciated against the US dollar. Today, U.S. unemployment claims weekly update will come out.         Here is a short…

Euro/USD Daily Outlook –February 21

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The Euro started off the week rising after the Greek bailout (€130 billion) was approved earlier today.  The EU ministers of finance approved after 14 hours of discussions the second bailout plan for Greece and thus prevented Greece from reaching…

Euro/USD Daily Outlook –February 17

Money

The Euro changed direction and after it had declined against the USD for four consecutive days, it finished Thursday’s trading slightly rising; currently the Euro/USD is traded slightly up. Today, U.S. CPI will come out along with the Canadian CPI.…

Euro/USD Daily Outlook –February 16

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The Euro continued to decline for the fourth consecutive day; currently the Euro/USD is traded slightly down. Greece didn’t receive yet the bailout package from the EU and IMF. Moody’s is looking into downgrading the credit rating of 17 global…