Member access

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

Sponsored by
SummaryQuotesChart AnalysisNewsAnalysis 
Analysis summary4-Traders Strategies 

Euro / US Dollar (EUR/USD) : US investors are back!

10/31/2012 | 09:51am
Opinion : Bullish above USD 1.2807
Target price : USD 1.313

The Euro continues its trading range around USD 1.30 with a strong resistance to negative information. Already penalized by the return of risk appetite following the publication of a U.S. growth rate of 2% a year, against only 1.3% in the previous quarter, the dollar continues to fall following the damage caused by Sandy.

In Europe, the Euro has both perfectly welcomed the positive news while maintaining a certain firmness in response to bad news. The sharp contraction in private sector activity in the Eurozone, the further decline in the IFO in Germany, the Spanish unemployment and degradation of BNP by Standard and Poor's have been accepted. In addition, lower than expected contraction of GDP Spanish and a well Italian medium/long term bond auction have restored balm to the heart to investors.

Mariano Rajoy, the Spanish Prime Minister, prevents Euro acceleration repeating a request for aid package is \"not indispensable\". Investors are also watching Greece where, without agreement on a new aid before the Eurogroup meeting of November, the country's coffers will be empty on 16 November.

Graphically, Euro bounces perfectly on its short-term trendline, opening the way for a return to 1.3130. If volatility is expected to increase with the come back of U.S. investors on the market on October 31, the limited potential may however encourage some investors to stay away from the parity EUR/USD.

Euro / US Dollar (EUR/USD) : Euro / US Dollar (EUR/USD) : US investors are back!
Mathieu Burbau
Copyright (c) 2014 4-Traders.com



Disclaimer: 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Surperformance and 4-traders.com services will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Information regarding trading and investment as provided by Surperformance professional is not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions and should seek a registered financial agent depending on your own risk tolerance to advise you on your personal trading activities.

Advertisement
Dynamic quotes  
ON
| OFF