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EUR/USD: dollar keeps plummeting

EURUSD chart

The EUR/USD rallied up to 1.1337 this Tuesday, as the dollar keeps plummeting on risk-averse sentiment trading. Worldwide stocks extended their decline as oil prices fell over 4% mid American afternoon, and major pairs traded accordingly, with macroeconomic data being mostly ignored all...

Currencies

Matt Weller, CMT

EUR/GBP at a 1−year high – bulls may eye .8000 next

Earlier today, we talked about the recent strength of the euro in the context of EUR/USD, but the moves in EUR/GBP since the start of December have been even more impressive....

Macroeconomics

Kathy Lien

Is Yen in Intervention Territory?

Markets are falling and the Yen is rising. Since the beginning of the month the Japanese Yen is up more than 5% against the U.S. dollar. The Yen is a funding currency and it is falling hard as investors...

Current Trading Positions

EURUSD Order Entry SL TP
ProAct Traders BUY LMT @1.1245 - 1.1300
USDJPY Order Entry SL TP
Growth Aces SELL LMT @117.30 - 113.93
USDCHF Order Entry SL TP
Pattern Trapper SELL LI <0.9931 - -
NZDUSD Order Entry SL TP
Admiral Markets BUY LMT @0.6550 - 0.6622
GBPJPY Order Entry SL TP
RoboForex SHORT LMT @166.44 168.75 162.50

EUR/USD negative sentiment towards the common currency prevails: despite the latest recovery, as the background imbalance between Central Bank weighs. 1.0700 seen by the end of the quarter.

GBP/USD ready to resume its decline: market players believe the due correction has been complete, and that the pair is ready to fall back, down to the 1.4300 region.

USD/JPY back towards 120.00: despite the weekly slump, the pair is seen slowly grinding higher, back towards the critical level in a 3-month view.

AUD/USD Break below 0.7000 likely in the mid-term: little can sustain latest Aussie gains, and traders know it. Bears outpace bulls in a monthly view and further.

EUR/JPY no progress, stuck around 130.00: bullish for next week, bearish for the month, the pair is seen mostly hovering around 130.00 all of the quarter, trapped within a limited range.

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Most Traded Pairs Now


Pair Price Hour Day Week Month
AUDUSD 0.7067 0.24 0.04 -1.56 1.30
USDJPY 114.64 0.09 -0.48 -2.62 -2.45
GBPUSD 1.4483 0.08 0.15 -0.80 -0.30
EURUSD 1.1293 -0.04 0.04 1.66 3.42
USDCAD 1.3911 -0.03 0.19 1.02 -1.68

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