The European sovereign debt crisis has come back to haunt the euro. In the beginning of the year, European debt problems drove the EUR/USD from 1.45 down to 1.1877. When the fears receded, the euro climbed back above 1.33. However now that the fears that have gripped the currency for most of the year [...]

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, euro 4 Comments »

The European stress tests are now behind us and unfortunately they failed to be the buzz kill or euphoric event that was needed to break the EUR/USD out of its recent trading range. The goal of the stress tests was to restore confidence in the European banking sector, but based upon the price action in [...]

Posted in 2010 eurusd forecasts, euro, forex blog 5 Comments »