Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Currencies  >  Euro / US Dollar (EUR/USD)    EURUSD   

Delayed Quote. Delayed  - 11/21 09:50:50 pm
1.17349 USD   -0.02%
11/03DJEUROPEAN MORNIN : Investors Await U.S. Jobs Data
10/24DJEUROPEAN MORNIN : Markets Subdued Ahead of Latest PMIs
10/18DJEUROPEAN MORNIN : Stocks Likely to Struggle Again
SummaryQuotesChartsNewsAnalysis 
Analysis summary4-Traders Strategies

Exchange is died quiet

share with twitter share with LinkedIn share with facebook
share via e-mail
04/26/2013 | 04:23pm

The Euro remains above USD 1.30 despite a gloomy macroeconomics while the political situation in Italy seems to unlock progressively.

Continued contraction in private sector activity in Euroland and the first decline in Germany since November 2012, unexpected drop in IFO business climate in Germany, record unemployment in Spain (27.2%) : European statistics have nothing attractive. Thus, many investors expect a rate cut from the ECB because of these disappointing indicators.

In addition, the U.S. figures also mark time in April, the gap between the monetary policy of the Federal Reserve, based on the creation of money, and that of the ECB does not seem ready to reduce, even in case of a further easing from Frankfurt.

In Italy, Enrico Letta, number 2 of the Democratic Party, the transalpine left, was asked to form a coalition government by the President Giorgio Napolitano, newly re-elected, while long-term rates of peripheral eurozone countries decrease.

Finally, the recent endorsement of the G20 countries to Japanese monetary policy paves the way for a crossing of 100 JPY for one US dollar, which should encourage the flow of capital from the archipelago and will benefit at the single currency.

Graphically, the Euro found a dynamic near to the USD 1.2977 support. We logically maintain our long positions, more in line with the current differential monetary policy, while prices are supported by their 50-day moving average, and we still target a first modest objective at USD 1.3177.


Mathieu Burbau
© Zonebourse.com 2013
share with twitter share with LinkedIn share with facebook
share via e-mail

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Chart EURO / US DOLLAR (EUR/USD)
Duration : Period : Day
Euro / US Dollar (EUR/USD) Technical Analysis Chart | EURUSD | 4-Traders
Duration : Period : Week
Euro / US Dollar (EUR/USD) Technical Analysis Chart | EURUSD | 4-Traders