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* The EUR/USD managed to cut losses during the New York session. * Short-term technical picture turns slightly negative with 1.2100 as main support.The EUR/USD pair stretched lower on Thursday and ...
* EUR/USD under short-term pressure, the corrective decline may continue.The EUR/USD pair surged to 1.2305 on the broad dollar's weakness at the weekly opening, as equities soared to record highs ...
Swing Index – predicts price action in short-term trading strategies through crossovers above and below a zero line. ... EUR/USD Daily Forecast – Key Support At 1.2175 Stays Strong .
The Consensus forecast for euro-area producer price inflation significantly outperforms the naïve forecast in the short-term. Finally, the Consensus forecast for the USD/EUR exchange rate during the period from 2002 to 2009 is more precise than the naïve forecast and the forecast implied by the forward rate." [12]
For interest rate swaps, the Swap rate is the fixed rate that the swap "receiver" demands in exchange for the uncertainty of having to pay a short-term (floating) rate, e.g. 3 months LIBOR over time. (At any given time, the market's forecast of what LIBOR will be in the future is reflected in the forward LIBOR curve.)
Typically, one of the currencies is the US dollar. The price of a future is then in terms of US dollars per unit of other currency. This can be different from the standard way of quoting in the spot foreign exchange markets. The trade unit of each contract is then a certain amount of other currency, for instance €125,000. Most contracts have ...
The Euro has fallen rather hard during the trading session on Thursday to test the 1.17 level, an area that is important based upon recent price action.
Euribors are used as a reference rate for euro-denominated forward rate agreements, short-term interest rate futures contracts and interest rate swaps, in very much the same way as LIBORs are commonly used for Sterling and US dollar-denominated instruments. They thus provide the basis for some of the world's most liquid and active interest rate ...