The Euro Too Many Voices

From Online Forex Trading, 3 years ago Similar articles

There are 17 members of the Euro Zone.

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EURUSD ? Strong Rebound Suggests False Breakout

EURUSD ? Strong Rebound Suggests False Breakout

From Market Pulse FX, 6 days ago, Similar articles

Last week I highlighted 1.1375-1.1525 as being a massive resistance level for the euro against the dollar, stating that a break above here would be very bullish. That was before the markets experienced immense levels of volatility on Monday which worked strongly in the euros favour, apparently due to the unwinding of carry trades. Whatever the reason, the euro rallied through this resistance area with relative ease. But that doesn’t mean that this level is no longer key, nor does it...

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Market turmoil as euro strengthens

Market turmoil as euro strengthens

From World First, 1 weeks ago, Similar articles

We've seen some pretty remarkable developments in the currency rates in the last few days, and particularly in the last couple of hours, which have seen some serious strength for the euro and serious weakness for the US dollar, not to mention some pound weakness too. In a nutshell, the fears about a China-led global slowdown have seen major stock markets falling off, with GBPEUR now trading at its lowest level since May. Meanwhile as the US dollar weakens, GBPUSD is at its highest since the...

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EURUSD ? Closing in on Massive Resistance

EURUSD ? Closing in on Massive Resistance

From Market Pulse FX, 1 weeks ago, Similar articles

The euro has continued its impressive move higher for a third day on Friday, having rallied 2.75% off Wednesday’s lows, where it found support from the descending trend line it broke above the week before. The pair has broken through 1.13 with relative ease despite facing initial resistance prompting a small correction. This has opened up a move towards a key resistance area, at which point we should get a much better idea of the strength of this rally. There is a large amount of...

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EURUSD ? Seven Week High Eyed on Dollar Weakness

EURUSD ? Seven Week High Eyed on Dollar Weakness

From Market Pulse FX, 1 weeks ago, Similar articles

The euro is rallying against the dollar again on Thursday following a strong move to the upside on Wednesday on the back of what was perceived to be dovish FOMC minutes. The move came as the pair retested the descending trend line ? 1 July highs ? that it broke above last week. While it did temporarily breach this level and close marginally below on the daily chart, the rebound higher was both immediate and strong resulting in a bullish engulfing pattern. It also came off the 50 fib level ?...

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EURUSD ? Key Support Put to the Test

EURUSD ? Key Support Put to the Test

From Market Pulse FX, 1 weeks ago, Similar articles

The euro has been paring gains against the dollar recently and is currently on course to extend its losing streak to four days. However, there is reason to believe that recent selling pressures could ease, opening up a continuation of the move towards the May and June highs. Firstly, the pair did break above the descending trend line ? 1 July highs ? last Wednesday which indicates a more bullish sentiment in the pair. The recent decline has seen price action retest the trend line and while...

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Eurozone Q2 Growth Expectations Fall Short

Eurozone Q2 Growth Expectations Fall Short

From Market Pulse FX, 2 weeks ago, Similar articles

Euro-area economic growth unexpectedly slowed last quarter as expansion in its three largest economies fell short of estimates, highlighting the fragility of the recovery amid uncertainty surrounding the global outlook. Gross domestic product in the 19-nation region rose 0.3 percent, data on Friday showed. Economists had forecast that the 0.4 percent pace of the first quarter would be maintained. Germany's economy grew 0.4 percent, Italy's 0.2 percent, while France stagnated. With China...

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EURUSD ? Bullish Breakout on Fed Rate Hike Doubts

EURUSD ? Bullish Breakout on Fed Rate Hike Doubts

From Market Pulse FX, 2 weeks ago, Similar articles

The euro is looking quite bullish in the short term against the dollar having broken through 1.11, resistance level over the last month, as well as the descending trend line that dates back to 1 July last year. The move came following the People’s Bank of China’s decision to devalue the yuan, currently down almost 3% against the dollar in two days, which could apply further deflationary pressures to the US. This could encourage the Fed to hold off on raising interest rates this...

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Athens clinches bailout deal

Athens clinches bailout deal

From Market Pulse FX, 2 weeks ago, Similar articles

Greek financial markets surged on Tuesday after Athens agreed a multi-billion-euro bailout deal with international lenders. The deal, reached after marathon talks, is expected to be signed off by Greece’s parliament and euro zone finance ministers this week to ensure Athens has enough cash to meet a chunky repayment to the European Central Bank on Aug. 20. This would bring to a close a painful chapter of aid talks for Greece, which fought against austerity terms demanded by creditors...

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Preparing for a Potential Euro Selloff

Preparing for a Potential Euro Selloff

From Top Forex News, 3 weeks ago, Similar articles

Right now, the euro is higher against the US dollar in Forex trading. However, the gains are relatively modest, and there is the possibility that the euro will sell off later this week if US data comes in strong. Expectations of a rate hike in the United States persist, and the euro is still struggling with the Greek crisis. (...)Read the rest of Preparing for a Potential Euro Selloff (126 words) Posted on Forex News.

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Lower Construction Data Doesn't Do Much to Disrupt Sterling

Lower Construction Data Doesn't Do Much to Disrupt Sterling

From Top Forex News, 3 weeks ago, Similar articles

Sterling is a little lower against the euro today, following lower construction data. However, the pound is quickly overcoming some of its losses and the overall strengthening trend for the currency doesn’t appear to be very diminished. (...)Read the rest of Lower Construction Data Doesn’t Do Much to Disrupt Sterling (131 words) Posted on Forex News.

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1 GBP = 1.221 EUR
12.53 ZAR - South African Rand
2 SGD - Singapore Dollar
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1.581 CAD - Canadian Dollar
2.012 SGD - Singapore Dollar
1.455 CHF - Swiss Franc

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