Featured \Nick Nasad \ 12:12 PM EST \ July 20th, 2010
The Euro slid overnight after failing to move above the 1.30 level as traders digested reports that German lender Hypo Real Estate would need 2 billion euros in case of adverse circumstances. The BOC meanwhile, lifted rates to 0.75% but did so while painting a gloomier outlook for Canadian growth. US housing starts data came in weaker than expected.
DRodriguezFX: Automated trading strats never going to have the same vision as human eye. Stop on that EUR psn is 1.3152, but no major levels there. 12 minutes ago from TweetDeck
DRodriguezFX: I like the risk/reward on a short-term EURUSD position here. Stop below morning low of 1.3242, initial target of range high of 1.3285. 27 minutes ago from TweetDeck
DRodriguezFX: In short: COT data still shows an overhang in USD-long positions vs EUR, and options traders betting on/hedging against EURUSD strength. 58 minutes ago from TweetDeck
Share
Daily Video Recap: Euro Slides on Bank Stress Tests, BOC Raises Rates
Featured \ Nick Nasad \ 12:12 PM EST \ July 20th, 2010The Euro slid overnight after failing to move above the 1.30 level as traders digested reports that German lender Hypo Real Estate would need 2 billion euros in case of adverse circumstances. The BOC meanwhile, lifted rates to 0.75% but did so while painting a gloomier outlook for Canadian growth. US housing starts data came in weaker than expected.
Help us grow and Share/Vote for this Post
Get the latest updates from FXTimes