Loss of Confidence Surrounding the US Fundamentals by Darrell Jobman

EUR/USD Risk appetite faltered in Asian trading on Wednesday and the Euro retreated back towards the 1.31 area against the dollar as confidence in the global economy deteriorated. The US trade deficit for June was sharply worse than expected with a 21-month high of US$49.9bn from a revised US$42…. Day Trader:..>>>   More »

Annual increase in Euro-zone money supply for the first time since January by Darrell Jobman

EUR/USD The Euro maintained a robust tone in early Europe on Tuesday and pushed to challenge resistance levels above 1.30 against the dollar. The European economic data again provided support with German consumer confidence rising to 3.9 in the latest month from a revised 3.6 for June, maintainin…

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Evidence of persistent stresses within the financial markets by Darrell Jobman

EUR/USD The Euro edged marginally weaker in European trading on Monday in quiet conditions and narrow ranges ahead of the US Independence Day market holiday. Market positioning will be important and a sustained reduction in short Euro positions will tend to lessen the potential for a further cove… Day Trader: Read More »

U.S. Economic Data Weaker Than Expected by Darrell Jobman

EUR/USD The Euro found support close to 1.22 against the dollar on Thursday and then strengthened gradually during the European session. There was further relief surrounding the European tender results which eased fears surrounding the Euro-zone financial sector and also helped underpin the Euro…. More »

Global equity markets were subjected to sharp selling pressure by Darrell Jobman

EUR/USD The Euro was unable to push back above 1.23 against the dollar in early Europe on Wednesday and was then subjected to renewed selling pressure during the day. The Euro-zone capital markets and banking sector remained an important focus during the day. There were fears that banks would fin… More »