EUR 06 (Sep 12 - Dec 23)

Re: EUR 06 (Sep 12 - Dec 17)

Postby winston » Tue Dec 26, 2017 9:34 pm

Why 2018 could be the year of the euro

Source: SCMP

http://www.scmp.com/business/banking-fi ... -year-euro
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Thu Dec 28, 2017 9:53 pm

The euro’s feisty rally has further to run

The currency, and the euro zone’s economy more broadly, have been the success story in global markets in 2017, leaving the dollar bulls with egg on their faces

Since mid-April, the euro has surged more than 12 per cent against the dollar and has been the best-performing currency in the G10 group of advanced economies this year.


Portugal, which is still rated “junk” by two of the three main credit rating agencies, has seen its 10-year yields plummet nearly 200 basis points this year to a mere 1.7 per cent.


The European Central Bank’s plans to scale back, or taper, its bond-buying programme once the scheme runs its course in September.


Source: SCMP

http://www.scmp.com/business/companies/ ... urther-run
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Jan 01, 2018 12:52 pm

EUR/USD: 1.12001 versus 1.1936.

Huge breakout over the November high and now challenging the September high.

Source: Investment House
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Jan 22, 2018 7:42 am

Chart of the day: Euro on a roll

by Nicole Elliott

Since President Donald Trump started work, the US dollar has done nothing but roll downhill, losing its value against all other major currencies.

Leading the pack is the euro, despite the weaker economic growth and higher unemployment in the euro zone than in the US, closely followed by the Mexican peso, which has gained 14 per cent during the period despite concerns over the North American Free Trade Agreement (Nafta).

On Friday, the euro managed a weekly close above the 50 per cent retracement level, a point where many are forced to review long-term plans.

The well-established rally accelerated after Christmas, helped by the 50-day moving average, and momentum has become bullish again.

Therefore, we favour a quick jump to US$1.26, followed by a slower move to the psychologically important US$1.30 area.

Source: SCMP

http://www.scmp.com/business/markets/ar ... -euro-roll
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Jan 29, 2018 6:21 pm

EUR/USD: 1.24308 versus 1.24159.

Euro surged on the week but then threw a couple of tombstone doji to end it. A pause.

Source: Investment House
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Feb 19, 2018 11:19 am

EUR/USD: 1.2411 versus 1.25083.

After breaking to a higher rally high Thursday, the euro dropped hard to the 10 day EMA Friday.

Will have to see if that lasts as a reversal from the high.

Source: Investment House
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Feb 26, 2018 8:37 am

EUR/USD: 1.22960 versus 1.2324.

Fell to the 50 day EMA midweek and held there, still in the uptrend and in opposition to bounce back up against the dollar.

Source: Investment House
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Mar 26, 2018 8:28 am

EUR/USD: 1.2351 versus 1.23301.

Back and forth but still in the lateral move over the 50 day EMA.
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Apr 09, 2018 9:54 am

EUR/USD: 1.22812 versus 1.2247.

Euro continues in its 3 month lateral range around the 50 day MA.

Source: Investment House
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Re: EUR 06 (Sep 12 - Dec 18)

Postby winston » Mon Apr 23, 2018 8:21 am

EUR/USD: 1.22876 versus 1.23464.

The euro broke lower below the 50 day MA's.

Not out of the lateral range, but heading toward the lows in the four month range.

Source: Investment House
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