Saturday, April 16, 2011

EUR/USD 1,4432

The Euro fell on Friday against the Dollar and posted a small weekly decline. The EUR/USD reached fresh 14-month highs on Tuesday around the 1.4520 region that become a strong resistance zone capping the upside on the subsequent days.

The European currency moved in a 170 pips range between the highest and the lowest price of the week, after rising more than 250 pips in the previous one. The pair failed to make a daily or weekly close above 1.4500 and finished the week hovering below 1.4450.

Analysts at the Danske Bank continue to warn that based on differences in monetary policy between the Fed -that remains dovish- and the ECB -that has already raise rates- the EUR/USD “still point to the upside”. They expect the EUR/USD to trade at 1.50 in three months, at 1.50 also in six months and at 1.40 in 12 months “as the market begins to price in the first Fed hike”.

source: fxstreet.com 


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14 comments:

  1. ­­ wangApril 16, 2011 at 4:20 AM

    In a communist society there is no recession.
    FOLLOWED.

    ReplyDelete
  2. miousApril 16, 2011 at 4:31 AM

    thanks for keeping me updated :)

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  3. UnknownApril 16, 2011 at 9:15 AM

    high times :3

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  4. MattApril 16, 2011 at 9:20 AM

    I just wonder what kind of confidence those guys can have about predicting out to a year.

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  5. FugaziApril 16, 2011 at 9:41 AM

    As always nice to see a daily graph of comparison. Keep it up.

    ReplyDelete
  6. MikeApril 16, 2011 at 9:49 AM

    Hopefully the dollar is getting ready to make a comeback.

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  7. DrQmn1April 16, 2011 at 10:36 AM

    good news for me!

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  8. edApril 16, 2011 at 11:03 AM

    250 pips was a big raise

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  9. TibbleApril 16, 2011 at 12:00 PM

    14 month high is intresting

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  10. Jazz bazookaApril 16, 2011 at 12:57 PM

    well... shit happens :D

    ReplyDelete
  11. NateApril 16, 2011 at 1:09 PM

    ill have to confirm this

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  12. Our BlogApril 16, 2011 at 2:09 PM

    Interesting stuff man.

    ReplyDelete
  13. Biff TannerApril 16, 2011 at 2:22 PM

    Was does it have to close on sat.

    ReplyDelete
  14. PaulApril 17, 2011 at 5:54 PM

    Im investing all my money in gold but this is still really useful

    ReplyDelete

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