EUR / USD - Continues to Loiter at 1.33

Over the last couple of days, the GBP/USD has rallied well after finding some support around 1.5650 and 1.57 which has been able to temporarily halt the strong fall. Over the last month, the Cable has steadily slid lower below 1.57 from near 1.64...

They say that how much a man is loved can be seen by the number of people who mourn at his death. If that is the benchmark, BOJ's current Governor Masaaki Shirakawa will be feeling lonely even though Valentine's day is just round the corner...

Its fall over the last couple of weeks from 1.5850 has seen it trade down below 1.57 to levels not seen since August last year. It rallied solidly during the last week only to finish the week in a slump and strong fall resulting in a close below 1.57 again...

New Zealand published its largest Dec Month trade surplus since 1991. This appears to be good news prima facie, but when we read the fine prints, it turned out that exports has fallen, while imports has fallen even harder resulting in this record...

Weakness in the rally of GBP/JPY seen? Streak of Higher Highs and Higher Lows have been broken, with prices in the process of forming the right shoulder of the Head and Shoulders pattern (marked by black labels)...

In the last 24 hours, we have seen the Euro push higher again however it has yet again been pushed away by excess supply anywhere near the key 1.34 level. It has continued to trade within a narrow range and up until the last day, it had sat right on top of the key support level at 1.33...

Over the last few days, the Euro has been placing pressure on the key 1.33 level which has been able to hold up reasonably well so far. Just prior to this, the Euro ran into a brick wall of supply at 1.34 which was a previous resistance level earlier last year...

As expected, last week the Euro has run into a brick wall of supply at 1.34 which was a previous resistance level earlier last year. A couple of weeks ago, the Euro finished the week very strongly surging up through the resistance level at 1.33 that had established itself over the last month or so...

As expected, within the last week the Euro has run into a brick wall at 1.34 which was a previous resistance level earlier last year. In doing so however, this pushed the Euro up into territory not seen in nine months...