Charlotte's Feed
Jun 29, 2010

Euro on defensive, yen advances while Swissie firm

TOKYO, June 29 (Reuters) – The euro was under pressure on
Tuesday, slipping against the yen and holding near its latest
record low against the safe-haven Swiss franc as funding concerns
in the euro zone made investors nervous.

The euro slid to a three-week low on the yen EURJPY=R,
which gained broadly, and inched lower on the dollar after losing
0.8 percent on Monday, with small stop-loss sell orders expected
just below current price action, in the $1.2260/30 area EUR=.

Jun 16, 2010

Euro takes a break, Aussie firm but pauses

TOKYO, June 16 (Reuters) – The euro steadied near a two-week
high against the dollar on Wednesday, as investors in Asia
hesitated to chase its short-covering rally further, while higher
yielding currencies stalled after rallying alongside stocks.

The euro paused ahead of resistance at $1.2350-55 EUR=
although traders and chartists said it still had scope to extend
its gains after a rise in the S&P 500 .SPX improved risk
tolerance, with some looking for a move above $1.24 and beyond.

Jun 16, 2010

Euro takes a break, high-yielders firm but pausing

TOKYO (Reuters) – The euro steadied near a two-week high against the dollar on Wednesday, as investors in Asia hesitated to chase its short-covering rally further, while higher yielding currencies stalled after rallying alongside stocks.

The euro paused ahead of resistance at $1.2350-55 although traders and chartists said it still had scope to extend its gains after a rise in the S&P 500 .SPX improved risk tolerance, with some looking for a move above $1.24 and beyond.

Jun 14, 2010

Short-covering lifts euro, Aussie breaches barrier

TOKYO, June 14 (Reuters) – The euro rose on Monday after a
burst of short-covering lifted the single currency above $1.22
and further away from a four-year low, but traders were wary
about chasing gains and expected its downtrend to continue.

The Australian dollar climbed to its highest in a month above
$0.8560, extending a rally from late last week on improved risk
tolerance and tackling the first layer in a band of resistance at
$0.8550-80 AUD=D4 which is blocking its path to higher ground.

Jun 14, 2010

Euro short-covering rally extends

TOKYO (Reuters) – The euro’s short-covering rally took it briefly above $1.22 to its strongest in a week on Monday, although traders were wary about driving it too far, while the Australian dollar climbed to its highest point in four weeks.

With early Asian trade thinned by a holiday in Australia, traders said the euro popped stop-loss buy orders at $1.2160, laying the groundwork for a push above $1.22 as holders of short euro positions bought it back, fuelling the jump.

Jun 14, 2010

Euro short-covering rally extends, Aussie climbs

TOKYO, June 14 (Reuters) – The euro’s short-covering rally
took it briefly above $1.22 to its strongest in a week on Monday,
although traders were wary about driving it too far, while the
Australian dollar climbed to its highest point in four weeks.

With early Asian trade thinned by a holiday in Australia,
traders said the euro popped stop-loss buy orders at $1.2160
EUR=, laying the groundwork for a push above $1.22 as holders
of short euro positions bought it back, fuelling the jump.

Jun 11, 2010

Profit-taking, charts dampen euro and Aussie push

TOKYO, June 11 (Reuters) – The euro ran into headwinds above
$1.21 on Friday, as profit-booking set in when it failed to push
through hefty resistance, and investors took a lack of surprises
in Chinese data to book gains in the Aussie dollar.

The euro, which rose on Thursday for a third straight day,
stalled at important resistance in the $1.2135-55 area, with a
mixture of sellers and stop-loss buy orders expected above there.

Jun 11, 2010

Euro pauses above $1.21, faces stiff chart tests

TOKYO (Reuters) – The euro’s short-covering rally paused above $1.2100 on Friday, with the single currency squaring up to test significant bands of resistance, and the Australian dollar held strong gains as firmer share markets improved risk tolerance.

The euro, which rose on Thursday for a third straight day, faced important resistance bands in the $1.2135-55 area with a mixture of stop-loss buy orders and sellers then expected in the $1.2150-70 region before it could extend its rebound.

Jun 9, 2010

Euro gains fade but market hesitates before downside

TOKYO, June 9 (Reuters) – The euro lost steam on Wednesday,
keeping near a four-year low on the dollar, although talk of
sturdy support at $1.1900 stopped it sliding too far, while
higher-risk currencies slid as Asian share markets fell.

The euro also remained near an all-time trough against the
Swiss franc, set on Tuesday below 1.38 francs EURCHF=R when the
Swiss National Bank declined comment on whether it intervened to
weaken the franc. [ID:nWEA5363]

Jun 9, 2010

Euro’s rebound gains fade as sentiment deteriorates

TOKYO (Reuters) – The euro remained fragile on Wednesday, although it held above a recent four-year low on the dollar, and higher-risk currencies such as the Australian dollar gave back gains as Asian share markets fell.

The euro also remained near an all-time trough against the Swiss franc, set on Tuesday below 1.38 francs, with the Swiss National Bank declining comment on whether it intervened to weaken the franc.