Chinese Español Tue, 06 Jan 2009
 head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

Live Euro Trading Webinar

Research

eur/usd Technicals

Monday, 05 January 2009 14:08:55 GMT

Euro Technical Outlook

By Jamie Saettele, Senior Currency Strategist

eur/usd Fundamentals

Monday, 05 January 2009 21:40:13 GMT

Euro Tumbles on Dovish ECB Comments, Euro-zone CPI Could Exacerbate Sentiment on Tuesday

By Terri Belkas, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

Euro Dollar (EUR)

 ico-clock Current Time - Frankfurt: 6:20 AM | EST: 12:20 AM | GMT: 5:20 AM


SENTIMENT AND POSITIONING
SSI Positioning

EUR/USD ratio: 1.22
Trading Forecast: Bearish 


Full Article
COT Positioning

EUR: Composite COT remains near historically low levels, which is suggestive of a bottom. 


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
USD Fed's Yellen Speaks on Fiscal Policy in San Francisco
EUR ECB's Papademos Speaks on Euro in San Francisco
USD Fed's Dudley Leads Panel Discussion on Lending Programs
USD Fed's Yellen Speaks on Monetary Policy in San Francisco
EUR Euro-Zone Sentix Investor Confidence (JAN) -42.3
EUR Italian Consumer Price Index (NIC incl. tobacco) (MoM) (DEC P) -0.2% -0.4%
EUR Italian Consumer Price Index (NIC incl. tobacco) (YoY) (DEC P) 2.3% 2.7%
EUR Italian Consumer Price Index - EU Harmonized (MoM) (DEC P) -0.1% -0.5%


rounded-corner-top-left
rounded-corner-top-right
Technicals - Support and Resistance for EUR
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.4609 High 200-Day SMA Benchmark 2.50
R3 1.4365 Medium 12/29 High
R2 1.4000 Medium Psychological Resistance 1 Week 2.411
R1 1.3820 High 20-Day SMA 1 Month 2.621
S1 1.3617 Medium 100-Day SMA 3 Month 2.925
S2 1.3500 Weak Psychological Support 6 Month 3.003
S3 1.3173 High 50-Day SMA 9 Month 3.054
S4 1.3073 Medium Bollinger Band Support 1 Year 3.092
rounded-corner-bottom-left rounded-corner-bottom-right

FROM THE CENTRAL BANK - ECB
 

Central Bank: European Central Bank
  Current Bias: Dovish
  Current Interest Rate: 2.50%
  Last Change: 12/04/2008 cut 75bp
  Next Meeting: 01/15/2009   More Dates
Latest ECB Interest Rate Outlook

Central Bank Governor: Jean Claude Trichet

Current Voting Members: Lucas D. Papademos
Guy Quaden, Axel A. Weber, Nicholas Garganas, Miguel Frenandez Ordonez, Christian Noyer, John Hurley, Mario Draghi, Yves Mersch, Nout Wellink, Klaus Liebscher, Vitor Manuel Ribeiro Constancio, Marko Kranjec, Erkki Liikanen.
FROM THE CENTRAL BANK - FEDERAL RESERVE

Central Bank: Federal Reserve Bank
  Current Bias: Dovish
  Current Interest Rate: 0.00% - 0.25%
  Last Change: 12/16/2008 cut 75bp
  Next Meeting: 01/27/2009  More Dates
Latest Federal Reserve Interest Rate Outlook

 **The Dove / Hawk Scale for the Federal Reserve is particularly useful because it lets you know whether recent comments by Fed officials are in line with their general bias or represents a shift in tone

Central Bank Governor: Ben S. Bernanke (Moderate)

Current Voting Members: Christine M. Cumming** (Moderate), Richard W. Fisher (Hawk), Donald L. Kohn (Moderate), Randall S. Kroszner (Moderate), Frederic S. Mishkin (Dove), Sandra Pianalto (Moderate), Charles I. Plosser (Hawk), Gary H. Stern (Moderate), Kevin M. Warsh (Dove), Elizabeth A. Duke

**New member of the Board of Governors, 10/01/08

Alternate Voting Members: Charles L. Evans (Moderate), Jeffrey M. Lacker (Hawk), Dennis P. Lockhart (Moderate), Janet L. Yellen (Dove)