Euro Future Futurescast Articles

(EU) Euro Technicals Heavy Below Minimum 1.3066 Risk Parameter By: RJO MRTMay 10th, 2012 8:17AM CDT Technicals, May 10, 2012; 7:15am The past couple days' break below the 1.3065-to-1.3033-range that has supported the Euro for the past three months clearly exposes the long-term trend as down. This former 1.3065-area is considered new resistance ahead of continued and possibly steep losses, with 27-Apr's 1.3255 corrective high close THE k.... Read More

Bearish Fundamentals, Euro Provides Upside Opportunity in Canada By: Phillip StreibleMay 8th, 2012 9:47AM CDT Everyone knows the Euro currency story already, Greece is bankrupt, Spain’s unemployment rate is at 24%, and they can’t pay their bills but how to create opportunity from this is another story. Trader’s initial reaction is to try and play the downside of the Euro which could yield substantial rewards in the event of a full scale d.... Read More

European Post-Election Economy By: Conor DouglassMay 7th, 2012 9:37AM CDT Francois Hollande defeated Sarkozy in the run-off election for the French presidency to become the first socialist elected since 1981. Though he captured 52% of the vote, markets this morning are not embracing him with the June Euro dipping below $1.30 overnight. His platform of growth through government spending was popular with younger voters t.... Read More

Greece's Election and the Euro By: Peter MoosesMay 4th, 2012 11:52AM CDT Investors are worried about the impact that Greece’s election on Sunday will have on the markets next week. Voting is mandatory in Greece for anyone 18 and over – and with unemployment so high for 18-25 year olds there, let’s hope they show up to voice their opinion. The polls are showing that the two biggest parties, New Democrac.... Read More

Reuters - FOREX-Dollar rises from 2-1/2 mo low vs yen as US data eases fears By: Matthew SchillingMay 2nd, 2012 12:23PM CDT "Once the euro rally lost momentum, that led to massive interest in June euro $1.32 and $1.30 puts," said Matthew Schilling, a commodities brokers at RJO futures in Chicago. "Those puts are showing the highest volume that I have seen in a while." To read the full article with Matthew's comments, please go to Reuters.com.

Global Currencies - Risk on/Risk off By: John CarusoApril 24th, 2012 12:18PM CDT For the past several sessions we’ve seen very little price discovery in the US Dollar Index and Euro Currency. Typically, the two currencies share an inverse relationship to one another, and both as of late have been trapped in tight trading ranges. As we enter day 1 of a 2 day FOMC policy meeting, it will be all eyes on Federal Reserve Cha.... Read More

(EU) Sub-1.3000 Break Exposes Broader EURUSD Weakness, Vulnerability By: RJO MRTApril 16th, 2012 8:29AM CDT Technicals, April 16, 2012; 7:50am Especially stemming from the exact 38.2% retrace of Apr'11 - Jan'12's 1.4807 - 1.2679 decline at 1.3453 shown in the weekly log close-only chart below, the long-term down-channel remains arguably intact. Dropping to its lowest reading (31%) since Jun'10 that accompanied a major base and reversal .... Read More

(EU) Beware Another Intra-Range Euro Pop While Key 1.30-Handle Holds By: RJO MRTApril 11th, 2012 8:35AM CDT Technicals, April 11, 2012; 7:45am As minor as this morning's poke above yesterday's 1.3146 high is, it could be the start of another recovery within the 1.30-to-1.3450-range that has contained this market for the past 2-1/2 months. By virtue of today's gains- and again, we must emphasize the minor degree of this strength- the 240-mi.... Read More

Rueters- FOREX-Euro falls to 3-week low vs dollar as ECB and Fed diverge By: Matthew SchillingApril 5th, 2012 9:46AM CDT While euro options look biased towards the downside longer term, there was some buying of the calls for June on Wednesday, according to Matthew Schilling, a broker at RJO FUTURES in Chicago. "Traders are buying puts for the September options," he said. "I believe that currencies that are paired with the U.S. dollar are going to stay wit.... Read More

(EU) Euro Resumes Rally, Defines 1.3027 Low as New Key Risk By: RJO MRTFebruary 8th, 2012 9:31AM CST Technicals, February 8, 2012; 6:55am With yesterday's break above 27-Jan's 1.3235 high detailed in the 240-min chart below, the market has chalked up the recent sell-off attempt as merely corrective and reinstate the developing bull trend from 16-Jan's 1.2667 low daily close. As a direct result of this latest spate of strength, the ma.... Read More

(EU) Euro Looks to Resume 2011 Bear By: RJO MRTDecember 12th, 2011 8:40AM CST Technicals, December 12, 2011; 8:10am With this morning's break below 30-Nov's 1.3258 low detailed in the 240-min chart below, the market has confirmed our suspicions that the late-Nov/early-Dec recovery attempt from 1.3212 to 1.3549 was a 3-wave and thus corrective affair consistent with the ongoing major bear trend from early-May's .... Read More

"Eurostress" Implicit in Market Rates By: CME GroupSeptember 21st, 2011 12:17PM CDT The European sovereign debt crisis resulted in peak distress levels in May 2010 and again in June 2011. But the crisis remains far from resolved as concerns mount with respect to the prospects of a sovereign debt default on the part of Greece or other peripheral European countries including Spain, Ireland, Portugal and Italy. The stability of the E.... Read More

Video - Overnight Euro Pop Suggests Textbook Corrective Dip, Re-Exposes Broader Bull By: RJO MRTAugust 3rd, 2011 10:16AM CDT Recovering smartly from a 1.4143 low that came within four pips of the 1.000 Fibonacci progression relationship that equates this week's suspected c-Wave decline from 1.4454 to last week's 1.4537 - 1.4230 (suspected a-Wave) break, the recent 1.4537 - 1.4143 looks to be a textbook 3-wave and thus corrective affair that may re-expose a resump.... View video

Euro Takes another Hit By: Jeff RatajczakJune 10th, 2011 8:31AM CDT The April US trade deficit narrowed unexpectedly, and credit default swaps insuring Ireland, Portugal, and Greece's bonds exploded to record highs. A revision lower in the Euro zone GDP is also contributing to the downward momentum.

Euro Reacts to IMF By: Jeff RatajczakJune 9th, 2011 10:30AM CDT The daily chart on the right is the same chart as last posting. A little bigger right shoulder than I expected. Same over riding fundamentals apply, concern over European debt. I still believe that we will see a slide to 1.4100 or below. The IMF said the 26 billion Euro loan to Portugal "entails important risk" Bloomberg says:Greece.... Read More

Is the Writing on the Wall? By: Jeff RatajczakJune 1st, 2011 5:41PM CDT Even though the Euro has staged a slight comeback I still feel that there is plenty of room to the downside. The chart seems to be forming the right shoulder of a head and shoulders pattern. If resistance holds near 1.4500, you could see a sell off to the 1.4000 level or beyond. After all European sovereign debt issues are still far from disappeari.... Read More

June Euro Currency Trending Lower By: Jeff RatajczakMay 17th, 2011 9:54AM CDT The June Euro seems to be in a short term down trend coming off of a recent high of 1.4925. Concern over sovereign debt problems in Europe and discussions about additional aid for Greece, might cause an increase in demand for US Dollars as a flight to quality or safe haven, putting downward pressure on the Euro.