Rare Tax Cut Helps Socialist Germany

Rare Tax Cut Helps Socialist Germany

Car registrations in Germany showed this year’s smallest monthly drop in July as buyers took advantage of a temporary cut in value added tax, figures released Wednesday showed. Registrations fell by only 5.4 percent in July, improving significantly from the precipitous drops of 32 percent in June, 50 percent in May and 61 percent in […]

Euro Headed Below Parity to USD

Euro Headed Below Parity to USD

EU leaders emerged from a marathon four-day and four-night summit Tuesday to celebrate what they boasted was a historic rescue plan for economies left shattered by the coronavirus epidemic. The 750-billion-euro ($858-billion) deal was sealed after intense negotiation that saw a threats of a French walkout and a Hungarian veto — and fierce opposition from […]

The Euro is Grinding on Towards Disaster

The Euro is Grinding on Towards Disaster

#Europe $EURUSD #coronavirus Divided EU leaders will meet again on Monday to try to agree the terms of a huge coronavirus economic rescue package after a night of tense haggling failed to yield a breakthrough. After three days and three nights of talks, the 27 states still cannot settle on the exact size and rules […]

Euro: EUR/USD (EUR=X) Expected To Rise

Euro: EUR/USD (EUR=X) Expected To Rise

$EUR #Euro #FX #Currencies #Trade #Markets The euro has broken above the 200 week EMA during the last couple of trading sessions, and remains very resilient, despite the actual fact that we continue to form plenty of wicks. That being said, for me the real breakout is going to be higher than the 1.15 handle, […]

No Hope for a Euro Deal

No Hope for a Euro Deal

Germany’s Chancellor Angela Merkel warned that EU leaders may fail to reach an agreement on Sunday on a huge post-virus recovery plan for the shattered European economy. Arriving for the third and what she said was probably the “decisive” day of an extraordinary European summit, Merkel said the 27 leaders had “many positions” on the […]

Euro: EUR/USD (EUR=X) Shayne Heffernan Says A Lot of Positives Are Showing Now

Euro: EUR/USD (EUR=X) Shayne Heffernan Says A Lot of Positives Are Showing Now

Euro: EUR/USD (EUR=X) $EUR #FX Shayne Heffernan Says A Lot of Positives Are Showing Now The EUR/USD rate has recovered back to 1.1285 at the time of writing on Tuesday, however it will need to break back above 1.1295 if bulls want a signal to buy again says well-known Economist and trader Shayne Heffernan, CEO […]

Let’s Measure the USD in Here

Let’s Measure the USD in Here

$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]

.DXY (DX) Futures Technical Analysis, Investors Bet on Dovish Fed

.DXY (DX) Futures Technical Analysis, Investors Bet on Dovish Fed

$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]

Time to Sell The Euro

Time to Sell The Euro

The European Central Bank could announce Thursday hundreds of billions of euros in new bond-buying to keep fighting the pandemic crisis, analysts predict, as EU governments prepare to wrangle for months over a joint response. While some policymakers have urged abandoning the ECB’s self-imposed limits on buying government debt to stoke growth and inflation, the […]

Europe to Kill the Value of the Euro for an Economic Quick Fix

Europe to Kill the Value of the Euro for an Economic Quick Fix

A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus pandemic was set to be unveiled Wednesday, as badly hit Spain started 10 days of national mourning for its thousands of dead. The massive European proposal follows other unprecedented emergency measures introduced around the world to rescue […]

Euro: USD/EUR (EUR=X) Some dollar volatility

Euro: USD/EUR (EUR=X) Some dollar volatility

Euro: USD/EUR (EUR=X) Some dollar volatility The greenback has been the main mover on currency markets within the past seven days. In the early part of last week, it had been on the back foot as signs of progress in the race for a Covid-19 treatment supported risk appetite. The currency managed to recovery some […]

Lagarde Looks to Undermine Germany’s Constitutional Court

Lagarde Looks to Undermine Germany’s Constitutional Court

The Euro was not saved today, European Central Bank chief Christine Lagarde will resort to dirty tricks and political blackmail to destroy the value of the Euro and leave Germany the bill. European Central Bank chief Christine Lagarde will prefer a “diplomatic path” to a high-stakes showdown with Germany’s Constitutional Court after a critical ruling, […]

Greece Nears Collapse

Greece Nears Collapse

Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus lockdown. Though the country has so far been spared the death toll of other European nations at fewer than 150 fatalities from COVID-19, it will not […]

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell The Euro reversed to the upside late Friday as investors, cautiously optimistic about the results of a drug trial and President Donald Trump’s plan to reopen the economy, regained some appetite for risk and in the process took profits in the U.S. Dollar ahead of […]

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday The euro moved off session lows against the dollar on Wednesday, amid reports Germany, the economic powerhouse of Europe, plans to reopen parts of its economy as soon as Monday. “We have achieved a fragile intermediate success, but we don’t have […]

Euro: USD/EUR (EUR=X) investors move away from the greenback

Euro: USD/EUR (EUR=X) investors move away from the greenback

Euro: USD/EUR (EUR=X) investors move away from the greenback The American currency remained the weakest this Tuesday, leading EUR/USD to advance to 1.0984, its highest in almost two weeks. The market mood began improving during the Asian session, as China published its March Trade Balance, which posted a surplus of $19.9B, better than anticipated, with […]

Euro: USD/EUR (EUR=X) Little Changed in Holiday Thinned Trading

Euro: USD/EUR (EUR=X) Little Changed in Holiday Thinned Trading

Euro: USD/EUR (EUR=X) Little Changed in Holiday Thinned Trading EUR/USD shows subdued price action in the early day on Monday which is attributed to the Easter Monday holiday. However, volatility has generally slowed and there is a reason to believe this trend may continue. There was a sharp rise in volatility in late February as the […]

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week The Euro received a last minute leg-up ahead of the holiday weekend after Eurogroup finance ministers agreed on a fiscal support package for the bloc’s economies, although it’s facing immediate resistance on the charts and technical analysts say it could now range-trade for a while. […]

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

$USD Last time I looked, USD was on pace for a weekly loss Friday as the Fed’s massive new Big Bang lending program for small companies and sa slowdown in coronavirus infections reduced safe-haven demand. The GBP pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British PM […]

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety Financial markets were in a better mood this Monday, amid some encouraging news related to the coronavirus pandemic. According to the latest data available the contagion curve and the death toll seem to be flattening in Italy, Spain and New York, the three […]

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week The Euro unwound almost all of its late March rebound against the Dollar last week and the charts are warning of more losses ahead, although weekend confirmation of a broad slowdown in the continental spread of coronavirus could lift risk appetite over the […]

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days EUR/USD trades to a fresh weekly low (1.0821) ahead of the US Non-Farm Payrolls (NFP) report, and the exchange rate may continue to exhibit a bearish behavior over the coming days as it extends the series of lower highs and lows from […]

Euro: USD/EUR (EUR=X) Plunges

Euro: USD/EUR (EUR=X) Plunges

Euro: USD/EUR (EUR=X) Plunges The Euro has broken down significantly during the trading session on Wednesday, breaking through the 1.10 level and then breaking through the bottom of the candlestick from the previous session. That of course is a very negative sign, but I think we are probably going to see a lot of back and forth […]

Euro: USD/EUR (EUR=X) sharply lower

Euro: USD/EUR (EUR=X) sharply lower

Euro: USD/EUR (EUR=X) sharply lower EUR/USD turned sharply lower yesterday which could be the first step in a trend reversal after a nearly 5% gain from last week’s low. The pair was weighed by a strong dollar as the greenback is seen broadly recovering against the major currencies after a notable fall last week. Home sales […]

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious The euro was a relative underperformer yesterday in the FX market, taking EUR/USD’s price back below its 200-day moving average and broke below its weekly support level before partially, testing conformist breakout strategies at the very start of the week. The news thus far hasn’t been […]

Sentiment is a Volatile Motivator

Sentiment is a Volatile Motivator

$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]

USD Falls 3.9%, Biggest Weekly Decliner Since 2009

USD Falls 3.9%, Biggest Weekly Decliner Since 2009

$USD $.DXY The Buck posted its biggest weekly decliner in more than 10 yrs Friday, as trillions of dollars worth of aid/stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic. The USD surged in March as tumbling stock and debt markets caused a scramble for […]

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness The EUR/USD pair has retaken the 1.1000 threshold this Thursday, extending its intraday advance to 1.1044. The rally was the result of persistent dollar’s weakness, as the American currency edged lower against all of its major rivals, despite sentiment fluctuated throughout the day. Asian […]

Euro: USD/EUR (EUR=X) Continues To Test Same Area

Euro: USD/EUR (EUR=X) Continues To Test Same Area

Euro: USD/EUR (EUR=X) Continues To Test Same Area The Euro has rallied again during trading in early hours on Wednesday but has given back some of the gains. We continue to see a lot of resistance near the 1.0850 level, so that is obviously the next hurdle for the bullish traders out there to try to overcome. […]

Euro: USD/EUR (EUR=X) Limited Bullish Potential

Euro: USD/EUR (EUR=X) Limited Bullish Potential

Euro: USD/EUR (EUR=X) Limited Bullish Potential EUR/USD consolidates as the Federal Reserve ramps up its effort to support the US economy, but the exchange rate may continue to give back the advance from the 2017 low (1.0340) as the US Dollar benefits from the flight to safety. EUR/USD REBOUNDS AS FED PLANS TO PURCHASE CMBS BUT WILL IT […]

Euro: USD/EUR (EUR=X) Lingers Near Critical Support

Euro: USD/EUR (EUR=X) Lingers Near Critical Support

Euro: USD/EUR (EUR=X) Lingers Near Critical Support EUR/USD eased lower at the European open but remains within a range after a sharp push lower over the last two week. The pair is down nearly 7% from a high posted early in the month and has recently broken to lows not seen since 2017. The exchange rate […]

Euro: USD/EUR (EUR=X) Economic Data, Economic Uncertainty

Euro: USD/EUR (EUR=X) Economic Data, Economic Uncertainty

Euro: USD/EUR (EUR=X) Economic Data, Economic Uncertainty On the Macro It’s a quieter week ahead on the economic calendar, with 51 stats to monitor in the week ending 28th March. In the week prior, 58 stats had been in focus. For the Dollar: It’s a busy week ahead for the greenback, with U.S data making up the […]

Euro: USD/EUR (EUR=X) at fresh 2020 low, no signs of an interim bottom

Euro: USD/EUR (EUR=X) at fresh 2020 low, no signs of an interim bottom

Euro: USD/EUR (EUR=X) at fresh 2020 low, no signs of an interim bottom The U.S. dollar rose against a basket of currencies for a third day on Thursday, as worries about the economic fallout from the coronavirus boosted dollar demand despite recent steps by world central banks aimed at alleviating market stress. The dollar index […]

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It Fretting investors blindly bought the greenback this Wednesday, with major currencies plummeting to multi-year and even multi-decade lows against their American rival. The EUR/USD pair attempted to regain the 1.1000 figure but finally collapsed to 1.0807, approaching this year low at 1.0777. Despite governments […]

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut The Euro initially tried to rally during the trading session on Thursday, but then fell below the 1.1250 level, only to bounce again during the announcement and then sell off again. The Euro continues to look a bit overvalued, but with Christine Largarde failing […]

Euro: USD/EUR (EUR=X) Prepares for Uptrend after ABC Flat Correction

Euro: USD/EUR (EUR=X) Prepares for Uptrend after ABC Flat Correction

Euro: USD/EUR (EUR=X) Prepares for Uptrend after ABC Flat Correction The Euro rapidly rose to levels not seen in more than a year at the open this week but has eased lower to pare gains and to close the weekly gap. The session ahead might see EUR/USD holding within a range, ahead of tomorrow’s ECB […]

Euro: USD/EUR (EUR=X) – Dollar Bulls Encouraged By Fiscal Stimulus Prospects

Euro: USD/EUR (EUR=X) – Dollar Bulls Encouraged By Fiscal Stimulus Prospects

Euro: USD/EUR (EUR=X) – Dollar Bulls Encouraged By Fiscal Stimulus Prospects It was a volatile start to the week but the markets have settled as President Trump shifted to a proactive stance towards the Coronavirus. Trump, who had previously been criticized by media outlets for taking a relaxed view towards the virus, said in a […]

Euro: USD/EUR (EUR=X) Pullback in Uptrend After Hitting 1.12

Euro: USD/EUR (EUR=X) Pullback in Uptrend After Hitting 1.12

Euro: USD/EUR (EUR=X) Pullback in Uptrend After Hitting 1.12 The markets don’t seem to think a 50-basis point rate cut is sufficient and are considering the possibility of another rate cut from the Federal Reserve at the scheduled meeting in just under two weeks. The Fed delivered an emergency rate cut earlier this week in […]

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty The Euro has been overbought for some time, although there are fundamental shifts in perception when it comes to central bank actions. In other words, the Federal Reserve is expected to cut rates, and they certainly have more room to move than the European Central Bank does. The […]

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty The Euro has been overbought for some time, although there are fundamental shifts in perception when it comes to central bank actions. In other words, the Federal Reserve is expected to cut rates, and they certainly have more room to move than the European Central Bank does. The […]

Euro: USD/EUR (EUR=X) Downside Risks Emerge as Risk Appetite Creeps In

Euro: USD/EUR (EUR=X) Downside Risks Emerge as Risk Appetite Creeps In

Euro: USD/EUR (EUR=X) Downside Risks Emerge as Risk Appetite Creeps In The euro benefited from a shift to risk aversion and a weaker dollar last week as the markets continued to aggressively price in a rate cut in the United States. Fed Chair Powell, in a statement on Friday, confirmed that the policymakers will act […]

Euro: USD/EUR (EUR=X) Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883

Euro: USD/EUR (EUR=X) Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883

Euro: USD/EUR (EUR=X) Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883 The Euro rose against the U.S. Dollar on Friday as investors continued to increase bets on a sooner-than-expected rate cut by the U.S. Federal Reserve. The European Central Bank (ECB) is also expected to make a rate cut later in the year, but […]

Gold Price +2% Set to Test $1,700 oz

Gold Price +2% Set to Test $1,700 oz

$GLD $XAU $USD Gold futures spiked Monday to their highest finish since February 2013, as the spread of COVID-19 to Italy and other parts of the world brought about more nervousness into the markets, lifting demand for safe-havens assets including gold. The precious Yellow metal has become a more widely desired currency again, it is […]

Euro: USD/EUR (EUR=X) Little Changed As Equities Plunge

Euro: USD/EUR (EUR=X) Little Changed As Equities Plunge

Euro: USD/EUR (EUR=X) Little Changed As Equities Plunge An escalation in Coronavirus fears has led to a plunge in the global equity markets while safe-haven assets such as gold and bonds are firmly bid. The currency market is not reacting all that much to the sudden shift to risk aversion and volatility in FX is […]

Gold is in the Midst of a Perfect Storm

Gold is in the Midst of a Perfect Storm

$GLD $XAU $SLV $XAG $USD $EUR Concerns about the human and economic cost of the coronavirus continues to drive the need for strategic diversification and safe haven demand. Pro-cyclical commodities such as crude oil and copper meanwhile saw their recent recovery falter in face of renewed concern over the virus spreading outside of China. Commodity […]

Euro: USD/EUR (EUR=X) Clings to 1.08 Level

Euro: USD/EUR (EUR=X) Clings to 1.08 Level

Euro: USD/EUR (EUR=X) Clings to 1.08 Level The downside momentum in EUR/USD has subsided somewhat and the pair posted a small gain yesterday after declining for the five consecutive sessions before it. Over the last thirteen sessions, the exchange has declined in 11. While Euro weakness has subsided, the greenback has continued to march higher. […]

Euro: USD/EUR (EUR=X) continues to fall rather hard

Euro: USD/EUR (EUR=X) continues to fall rather hard

Euro: USD/EUR (EUR=X) continues to fall rather hard The Euro has broken down significantly during the trading session on Tuesday, breaking below the 1.08 handle, and a scene that is very interesting due to the fact that there seems to be no bottom in this market right now. The 1.0750 level underneath should offer a […]

Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low

Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low

Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low EUR/USD posted a second consecutive weekly loss and fell to levels not seen since April 2017 last week. The euro was the weakest among the majors and a divergence is seen in the dollar index (DXY). The trade-weighted dollar index and EUR/USD typically carry a strong inverse relationship. […]

Euro: USD/EUR (EUR=X) continues to fall

Euro: USD/EUR (EUR=X) continues to fall

Euro: USD/EUR (EUR=X) continues to fall The Euro has broken down significantly during the week, slicing through the 1.09 level, an area that should have held significantly. That being said though, with the ECB looking to do more buybacks when it comes to bonds, it makes sense that the Euro continues to fall against what […]

Euro: USD/EUR (EUR=X) Continues To Fall Drastically

Euro: USD/EUR (EUR=X) Continues To Fall Drastically

Euro: USD/EUR (EUR=X) Continues To Fall Drastically The Euro has initially tried to rally during the trading session on Thursday but fallen apart again as we are pressing the 1.0850 level as I look at this chart. This is a horrific looking chart, and at this point it’s likely that the market is going to […]

Euro: USD/EUR (EUR=X) Downside Pressure

Euro: USD/EUR (EUR=X) Downside Pressure

Euro: USD/EUR (EUR=X) Downside Pressure The EUR/USD exchange rate may have found a near-term floor as a notable support level triggered a bounce yesterday to end a prior six-day bearish streak. Tuesday’s gain was a small one and further price action will reveal if the pair is setting up for a recovery after a sharp […]

Euro: USD/EUR (EUR=X) Weakness Continues

Euro: USD/EUR (EUR=X) Weakness Continues

Euro: USD/EUR (EUR=X) Weakness Continues The euro has started the week out on a negative note, declining against all of the major currencies. A boost in risk sentiment is weighing on the exchange rate as Coronavirus fears have subsided and popular US equity indices rallied to record highs. The price action over the last week […]

Euro: USD/EUR (EUR=X) demand for risky assets remains quite cautious

Euro: USD/EUR (EUR=X) demand for risky assets remains quite cautious

Euro: USD/EUR (EUR=X) demand for risky assets remains quite cautious Because of the Chinese coronavirus story, the demand for risky assets remains quite cautious. The January statistics on the employment market published last Friday by the USA were in favor of the USD. For example, the Non-Farm Employment Change showed 225K after being 147K and […]

Euro: USD/EUR (EUR=X) nice selling opportunity above near the 1.10 level

Euro: USD/EUR (EUR=X) nice selling opportunity above near the 1.10 level

Euro: USD/EUR (EUR=X) nice selling opportunity above near the 1.10 level The Euro has initially fallen during the trading session on Friday, but there has been a significant amount of recovery late in the day as traders go home for the weekend. That being said, this could set up a nice selling opportunity above near […]

Euro: USD/EUR (EUR=X) kicking off the week on a bearish tone

Euro: USD/EUR (EUR=X) kicking off the week on a bearish tone

Euro: USD/EUR (EUR=X) kicking off the week on a bearish tone The Euro has broken down significantly during the trading session on Monday, kicking off a week on a bearish tone. At this point, the market is likely to continue to go looking towards 1.10 level, as the 1.10 level is the bottom of the overall […]

Euro: USD/EUR (EUR=X) continues to trade in a fairly tight range

Euro: USD/EUR (EUR=X) continues to trade in a fairly tight range

Euro: USD/EUR (EUR=X) continues to trade in a fairly tight range With concerns over the Coronavirus mounting this week, risk assets have seen volatile price swings while the euro has been little changed against the greenback. The currency pair found a floor yesterday after a brief dip below the psychological 1.1000 handle but continues to […]

Euro: USD/EUR (EUR=X) remains under pressure

Euro: USD/EUR (EUR=X) remains under pressure

Euro: USD/EUR (EUR=X) remains under pressure The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve. And more gains are possible given the apparent strength of the U.S. economy. A closely-watched measure of U.S. […]

Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish

Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish

Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish The Euro has initially tried to rally during the trading session on Thursday but gave back the gains in order to break down below the 1.1075 handle and reach even further. That being said, this is a market that looks like it’s trying […]

Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release

Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release

Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release A recovery attempt in EUR/USD on Tuesday was quickly met with sellers on an approach to 1.1120 and the pair has since given back gains and posted a fresh three-week low. Volatility stands […]

Euro: USD/EUR (EUR=X) Treading Water Through January

Euro: USD/EUR (EUR=X) Treading Water Through January

Euro: USD/EUR (EUR=X) Treading Water Through January The Euro has had a modestly positive start to January. Attention remains away from the Eurozone thanks to shifts in key macro themes, namely the US-China trade war Phase 1 deal, US-Iranian geopolitical tensions, the Brexit deadline, and now the Chinese coronavirus. The Euro has gained ground against […]

Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data

Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data

Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data The Euro ceded ground to the Dollar and underperformed many major rivals last week although the charts suggest a further sell-off cannot be ruled out for the days ahead, which will also see the single currency tested by European Central Bank (ECB) rhetoric and IHS […]

Euro: USD/EUR (EUR=X) Strengthening the Correction

Euro: USD/EUR (EUR=X) Strengthening the Correction

Euro: USD/EUR (EUR=X) Strengthening the Correction For five consecutive trading sessions, the price of the EUR/USD pair is trying hard to strengthen the opportunity for an upward correction and break through the 1.1200 psychological resistance, but the pair gains did not exceed the 1.1163 level, despite the announcement of many important economic data and influential […]

Euro: USD/EUR (EUR=X) Continues To Consolidate

Euro: USD/EUR (EUR=X) Continues To Consolidate

Euro: USD/EUR (EUR=X) Continues To Consolidate The Euro initially tried to rally during the trading session on Tuesday but found the 200 day EMA to be a bit too restrictive to reach to the upside for any significant amount of distance. We also broke down but haven’t necessarily broken any support levels either. The 1.11 […]

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence EUR/USD extended higher on Monday but the rally appears to have stalled at a moving average confluence. The latest inflation data from the United States will be released later in the session which should trigger volatility and ultimately indicate if the pair is to reverse lower from […]

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week?

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week?

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week? The US dollar dominated the major currencies last week and the trade-weighted index (DXY) made a notable technical development. DXY had been trading in a range from the last week of December until the middle of last week but broke higher from the […]

Euro: USD/EUR (EUR=X) showing an attraction to the 1.12 handle

Euro: USD/EUR (EUR=X) showing an attraction to the 1.12 handle

Euro: USD/EUR (EUR=X) showing an attraction to the 1.12 handle The Euro rallied a bit during the beginning of the week, showing an attraction to the 1.12 handle. That’s an area that has offered resistance in the past, and we did in fact break down from there rather significantly. The 1.11 handle is what the […]

Euro: USD/EUR (EUR=X) forecast to stabilise following sharp fall

Euro: USD/EUR (EUR=X) forecast to stabilise following sharp fall

Euro: USD/EUR (EUR=X) forecast to stabilise following sharp fall Volatility in the Euro-to-Dollar exchange rate has spiked over the past 24 hours after the Dollar rose sharply in response to some better-than-forecast U.S. data, and in the process drove the EUR/USD down half a percent. Meanwhile, news of an Iranian retaliation against the U.S. in […]

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