Daily Forex Signal: EUR/CHF to Test Swiss Bank Resolve
July 12, 2010 at 15:55 UTC || By Forex Playmaker
The euro faces mounting pressure against the Swiss franc ahead of an expected Swiss National Bank intervention at the 1.30 level. Global traders and dealers are betting on an SNB intervention once the EUR/CHF trades down to the 1.30 mark, which may make the move self-fulfilling. Once the 1.30 mark is reached, the central bank… Continue Reading
Daily Forex Signal: EUR/USD Weakness is Coming
June 23, 2010 at 15:19 UTC || By Forex Playmaker
On the heels of the FOMC rate statement, which market participants confused as being good news, the euro is climbing against the US dollar. However, those gains will be lost soon. Last priced at 1.2315, the EUR/USD has exhibited some stability over the past couple weeks, which “analysts” have confused as suggesting stability going forward…. Continue Reading
Daily Forex Signal: EUR/CHF at SNB Resistance
June 15, 2010 at 23:41 UTC || By Forex Playmaker
As reporter earlier today, the EUR/CHF is up against a key resistance level put in place by the Swiss Bank: Appreciation for the euro against the Swiss franc has stalled at the 1.40 handle, the level at which the Swiss National Bank last intervened to limit the franc’s appreciation against the shared currency… The SNB’s… Continue Reading
Daily Forex Signal: EUR/GBP Topping Out
June 14, 2010 at 21:50 UTC || By Forex Playmaker
The euro is falling further against the British pound in Asia trading and appears to have significant downside going forward. Last priced at 0.8280, the pair failed to breach resistance above the 0.8375 mark and has since fallen to its present levels. The longer term trend, meanwhile, continues to favor the pound against the euro… Continue Reading
Daily Forex Signal: EUR/GBP Testing Support
June 10, 2010 at 22:59 UTC || By Forex Playmaker
The EUR/GBP is hovering near its recent lows and appears to have additional downside from present levels. Last priced at 0.8225, the pair has been in free fall mode since March and has yet to find any real support through which a reversal may be mounted. On June 7, the EUR/GBP traded as low as… Continue Reading
Daily Forex Signal: EUR/AUD Set for Next Big Move
June 7, 2010 at 19:53 UTC || By Forex Playmaker
Three weeks ago, the euro began an unprecedented move against the Australian dollar. Over a 4-day period, the EUR/AUD surged from a low of 1.3982 on May 17 to a high of 1.5457 on May 20. Since then, the pair has retreated dramatically, though it may be setting up for another big move in the… Continue Reading
Daily Forex Signal: EUR/AUD Making a Move Lower
June 2, 2010 at 19:18 UTC || By Forex Playmaker
The euro is trading lower against the Australian dollar in early Asia trading, breaching the lows made during the US session just minutes ago. The pair continues to retrace ground from the mid-May surge, when the pair traded nearly 1500 pips higher over a 3-day period. Last priced at 1.4540, the EUR/AUD is positioned to… Continue Reading
Daily Forex Signal: Short EUR/GBP
May 28, 2010 at 01:07 UTC || By Forex Playmaker
As always, trades into a Friday are a bit difficult — and today’s price action in broader markets makes it that much harder. The EUR/GBP appears to be on the verge of a move lower and is last trading at 0.8455. I would expect the pair to break below its past few hours worth of… Continue Reading
Daily Forex Signal: Short EUR/USD
May 26, 2010 at 23:22 UTC || By Forex Playmaker
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Daily Forex Signal: Buy EUR/AUD
May 24, 2010 at 21:39 UTC || By Forex Playmaker
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