{"id":9716,"date":"2010-05-26T08:15:25","date_gmt":"2010-05-26T12:15:25","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9716"},"modified":"2010-05-26T08:15:25","modified_gmt":"2010-05-26T12:15:25","slug":"eur-rises-with-european-equity-indexes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/26\/eur-rises-with-european-equity-indexes\/","title":{"rendered":"EUR Rises with European Equity Indexes"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; Rising equities in Europe have helped to support the EUR during the  European trading session. While the gains for the EUR have been limited,  the positive momentum from yesterday\u2019s U.S. trading session has carried  over into today\u2019s trading.<\/p>\n<p>The EUR\/USD is trading higher at 1.2325  after opening the day at 1.4386. The EUR\/USD upward movement appears to  have been limited by the resistance level at 1.2340. The GBP\/USD is  trading up at 1.4414 from an opening day price of 1.4386. The USD\/JPY is  unchanged at 90.30.<\/p>\n<p>Equities have continued to rise since yesterday\u2019s volatile New York  Trading session. The Dow Jones Industrials was significantly lower by  almost 300 points at the beginning of trading, but the Dow came back  with a 200 point rally following the release of better than expected  U.S. consumer confidence number. The positive momentum has continued  into today\u2019s European trading session as the DAX is up 1.9% while the  FTSE 100 is up more than 2%.<\/p>\n<p>Traders will be looking for an excuse to trade the EUR\/USD lower, and  that may come from today\u2019s release of the U.S. Core Durable Goods  Orders. Positive numbers from the U.S. economy, along with staunch  negative sentiment against the EUR could send the EUR\/USD below the  support line of 1.2140, towards the psychological support level of  1.2000.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><em>Forex Market        Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                           Yard.<\/a><\/strong><\/span><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                           may not be suitable for all         investors.       There    is  a              possibility      that             you   could       sustain a  loss   of  all   of    your                 investment and            therefore  you        should   not       invest        money  that   you            cannot afford to            lose. You         should    be      aware of     all       the     risks         associated     with     Foreign       Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell Glaser &#8211; Rising equities in Europe have helped to support the EUR during the European trading session. While the gains for the EUR have been limited, the positive momentum from yesterday\u2019s U.S. trading session has carried over into today\u2019s trading. The EUR\/USD is trading higher at 1.2325 after opening the day at 1.4386. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/26\/eur-rises-with-european-equity-indexes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR Rises with European Equity Indexes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9716","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9716"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9716\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}