Eur/usd - page 118
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EUR/USD June 26 – Stable as Unemployment Claims Eyed
EUR/USD has edged lower on Thursday, as the pair trades in the low-1.36 range in the European session. It’s been an uneventful week for the euro, which has spent most of the week close to the 1.36 line. On the release front, there are no economic releases out of the Eurozone, but the markets will be keeping an eye on Brussels, which is hosting a two-day meeting of EU heads of state. In the US, Thursday’s key event is Unemployment Claims, with little change expected from this key indicator.
Here is a quick update on what’s moving the pair.
EUR/USD was stable in the Asian session and has edged lower in European trading.
Current range: 1.3585 to 1.3650.
read more
ECB may not have reached lower bound on rates – ECB sources from MNI
The euro is slumping on the headlines from MNI, citing two senior eurozone sources.
The story says the ECB will need 6-9 months to assess the impact of current moves so no move would come until year-end or early 2015. But looking quickly through the story, they’re talking about using another rate cut instead of QE and that might sap the move down in EUR/USD before long.
French Joblessness Soars To Record High; Rises For 36th Month In A Row
More Hollande 'broken promises' as French joblessness reaches a new record high. Aside from the idiotic month when officials forgot to send text messages, this is the 36th month in a row of worsening employment in France. That must explain why, along with a collapsing PMI, French bond risk remains near record lows...
source
price keep bouncing back to 1.36 levels everytime it try to break under i think 1.36 levels are strong now and we will see more rising on the price
French producer prices fall again in May
French producer prices fell in May for the third consecutive month as energy prices dropped sharply, statistics agency Insee said Friday.
France's producer price index fell 0.5% in May from April and was 0.2% lower than May 2013. Electricity, gas and heating prices fell 3.2% in May on the month, while prices of other products remained overall at the same level as in April, Insee said.
The EURUSD fell during yesterday session, but found enough support at 1.3575 to bounce suggesting a bit of buying pressure, and it should go towards the 1.37 handle. However, that level should be fairly resistive, but the market is going to be very choppy.
Daily Forex Trading Outlook
Correction: Should say 1.3650 is top of the range and notice the power of the '50" levels: 1.3650, 101.50, 1.7050, 2.50% in US 10-yeaqr bond
EURUSD 1.36 yet to trade today
https://www.youtube.com/watch?v=nAD9qVruoa4
German CPI 0.3% vs. 0.2% forecast
German consumer price inflation rose more-than-expected last month, preliminary official data showed on Friday.
In a report, Federal Statistical Office Germany said that German CPI rose to a seasonally adjusted 0.3%, from -0.1% in the preceding month.
Analysts had expected German CPI to rise 0.2% last month.
Just a heads up...
Forex rollover charges in Euro pairs have surged since yesterday.
A look at interbank forward markets shows that holding Euro short positions versus the US dollar and Japanese yen has become exceedingly expensive since yesterday.
Those forward rates showed that traders could earn interest rate credits in holding EUR/USD-short positions just yesterday. Yet a sharp shift now means that being short EURUSD is now at its most expensive since a similar spike in borrowing costs at the end of last month.
Source: Bloomberg Generic Price - “Consensus” Pricing
thank you for the news even though the EUR/USD broke above EMA 200 but still we have strong resistance at 1.3650