Currencies EUR/USD has traded in the range of 1.3454-1.3485 this morning and it holds itself above the 100-day moving average at 1.3316; it has kept above this key level since last Friday ahead of today’s much anticipated 3-year Long Term Refinancing Operation (LTRO). To the upside next immediate levels are 1.3535/1.3619 (the 61.80% retracement of the October 27th – January 13th move lower) while to the downside support should be found at 1.3408/1.3357. US Dollar fell to 3 month low against ...
Currencies EUR/USD The EUR/USD rose 0.3 percent to $1.3431. ECB is preparing to issue a second round of unlimited three-year loans to help shore up the region’s banks. U.S. economic data may show orders for durable goods fell in January, while consumer confidence improved this month USD/CAD After climbing to 1.0049 the USD/CAD dropped down to 0.9991, as the dollar rose on most major rivals as the euro fell prey to apparent profit-taking in quiet trading Monday, after the Group of 20 nations ...
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Currencies EUR/USD The 17-nation euro advanced to the strongest level in more than a week versus the U.S. currency as Luxembourg’s Jean-Claude Juncker told reporters the deal includes a 53.5 percent writedown for investors in Greek bonds. Europe’s common currency rose 0.1 percent to $1.3254 and earlier reached $1.3293, the strongest level since Feb. 9. EUR/JPY The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may ...