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eur/usd Technicals

Tuesday, 06 January 2009 16:10:22 GMT

Euro Technical Outlook

By Jamie Saettele, Senior Currency Strategist

eur/usd Fundamentals

Tuesday, 06 January 2009 21:13:35 GMT

Euro Plummets as Euro-zone CPI Falls to More Than 2-Year Low, Suggest ECB Will Cut Rates January 15

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

Euro Dollar (EUR)

 ico-clock Current Time - Frankfurt: 4:28 AM | EST: 10:28 PM | GMT: 3:28 AM


SENTIMENT AND POSITIONING
SSI Positioning

EUR/USD ratio: 1.22
Trading Forecast: Bearish 


Full Article
COT Positioning

EUR: The COT index has dropped from 100, which is bearish.


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%


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Technicals - Support and Resistance for EUR
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.4000 Medium Psychological Resistance Benchmark 2.50
R3 1.3844 High 20-Day SMA
R2 1.3603 High 100-Day SMA 1 Week 2.411
R1 1.3500 Medium Psychological Resistance 1 Month 2.621
S1 1.3188 High 50-Day SMA 3 Month 2.925
S2 1.3000 Medium Psychological Support 6 Month 3.003
S3 1.2799 High 12/09 Low 9 Month 3.054
S4 1.2422 High 11/21 Low 1 Year 3.092
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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)