#Dollar #rates #yields #C19coronavirus $USD $DXY $EUR $GBP $JPY EUR rose the most in a decade in July, the GBP marked its best July since Y 1990, and for the 1st time this year, every major currency in the world rose against the Buck. It is all thanks to the USD’s 4.6% dive, its biggest […]
$VIX $VXX $DBCVIX $USD $EUR Financial markets’ fear gauges are not flashing Red or yellow at a time of serious global turmoil, stirring investor doubts over whether the indexes are mispricing current and future volatility. Volatility gauges embedded in option markets are used by traders and investors to predict the market’s direction. They are also […]
$.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 […]
$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 […]
$USD $EUR $JPY The USD finished higher Friday after data showed the US labor market dramatically improved in May, but the Buck ended lower on the week for a 3rd wk running. Investors might not have noticed it amid all the excitement, but a quiet decline by USD should get some credit for the stock […]
$EUR $USD The EUR fell to its lowest in a month Thursday after data showed economic activity in the Eurozone virtually halted by government-imposed lockdowns to stop the coronavirus chaos. The EUR was last at $1.07795, with investors awaiting the result of a meeting of EU leaders on the bloc’s response to the economic turmoil […]
$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 […]
$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 […]
$XAU $GLD $EUR $USD Gold prices broke out, and continue to rise as yields. The rally in gold comes despite a surge in the USS to fresh multi-year highs. .DXY nearly hit 100 for the 1st time since March of Y 2017. The 10-yr US yield is trading near the low end of its 5-yr […]
$SPY, $SPX, $SPLRCT, $USD, $EUR, US companies are preparing to report Q-3 earnings following a few months grappling with a US-China trade conflict undermining the business environment and an overall economy that has been showing signs of slowing. Among S&P 500 (SPX) earnings for the July-September frame look set to mark the weakest performance in […]
$XAU, $GLD, $USD, $EUR Russia’s central bank gold reserves are now valued at more than $100-B Emerging markets have been adding gold holdings regardless the prices are near their highest marks in more than 6 years, as countries such as Russia and China diversify their Fx reserves, this is a trend that is likely to […]
$XAU, $USD, $EUR All US financial markets are closed Monday in observance of Labor Day Investors should allocate about 10% of their assets in physical gold, Mark Mobius, who manages about $4-B in assets, told the Reuters Global Markets Forum in an interview Saturday. Mr. Mobius, who is in Mumbai to promote his book “Invest […]
$GBP, $EUR, $USD Tuesday, the European Union rebuffed UK Prime Minister Boris Johnson’s demand that it reopen the BREXIT deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the border with Northern Ireland. After more than 3 years of BREXIT uncertainty, the UK is heading to a showdown […]
$FB, $USO, $XAU, $XAG, $USD, $JPY, $EUR President Trump gives his voice to increasingly public impatience with what we analysts call macro-economics. The Fed targets 2% inflation as a compromise between accomplishing strong growth and stable prices. Since the Y 2008 financial crisis, whether unemployment was 10% or less than 4%, no matter how high or low […]
$USD, $EUR, $JPY, $CNY International Monetary Fund (IMF) said Wednesday the USD is overvalued by 6% to 12%, based on near-term economic fundamentals, while the EUR, the JPY, and China’s RMB Yuan were seen as broadly in line with fundamentals. The IMF has been at odds with President Trump over his use of tariffs to […]
$XAU, $GLD, $USD, $EUR Shayne and I see gold testing to $1384ish and then setting up to drive North, potentially topping $1,500 oz, as interest rates head lower, central banks extend purchases, and uncertainty surrounding geopolitics and cryptocurrencies fans demand. Gold on the COMEX finished -1.4% to $1400.95 oz. “I love gold,” said Mark Mobius, […]
$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Notes: Investors await US employment figures due later today, which is forecast to show 185,000 net new jobs were added in April and the unemployment rate steady at 3.8% Reflecting investor sentiment in gold, holdings of SPDR Gold Trust, the world’s largest […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Note: USD consolidated in Asia Thursday after recovering from a brief spill overnight when markets were whipsawed by mixed messages on policy from the Fed. There was little immediate reaction to a report the United States and China were nearing a trade […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Down, Crude Oil Off, Stocks Flat (May Day Holiday) Note: China and the United States began their latest talks in Beijing on Wednesday aimed at ending a bitter trade dispute, after US Treasury Secretary Steven Mnuchin said he had a “nice” working dinner the night before with China Vice Premier […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Down, Stocks Down Note: The quiet start to the week in global equity markets comes ahead of a 2-day meeting of the policy-setting FOMC. The committee is set to release its latest statement at 2:00p EDT (1800 GMT) Wednesday. We have now turned from sentiment where this […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Note: We have now turned from sentiment where this stock rally was 1 where professionals did not take part in, to a fast paced entry where hedge funds and investors are chasing markets they have been betting against. While the strong US GDP data […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Down Notes: China, the world’s biggest buyer of Iranian oil, this week formally complained to the United States over its unilateral Iran sanctions. Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Up, Crude Oil Mixed, Stocks Down Notes: Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its record high at 12.2-M BPD, while net imports rose 900,000 BPD, EIA data showed. German business morale deteriorated in April, bucking […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Down, Stocks Down Notes: The International Energy Agency (IEA), a watchdog for Crude Oil consuming countries, said in a statement Tuesday that markets are “adequately supplied” and that “global spare production capacity remains at comfortable levels.” US Secretary of State Mike Pompeo announced “that as of May 2, […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Higher Notes: US Secretary of State Mike Pompeo announced “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian Crude or condensate.” US Treasury Secretary Steve Mnuchin told reporters trade negotiations between the […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Down Notes: Following the Good Friday holiday, markets in Britain, Germany and France will remain closed for Easter Monday, while those in the United States will reopen. Brent and US Crude futures surged to 6-month highs on reports that US Secretary of State Mike Pompeo […]
$GLD, $SLV, $USD, $EURUSD After last Thursday’s action in the Gold market, I believe the precious Yellow metal markets are in a Key mark. The Big Q is whether or not the psych support mark at $1300 level will hold. If it does, then things will take care of themselves and will look towards at […]
$GLD, $USD, $EUR, $GBP, $CNY What we have been seeing over the past few years is that confidence in government is fading and the price of Gold is rising. Some current examples The UK House of Commons voted 413-202 last week to delay Britain’s exit from the EU. Despite resounding defeats, Prime Minister Theresa May […]
$EUR FLASH: ECB will maintain current level of rates through the end of Y 2019 and launch new targeted longer-term refinancing operation (TLTRO-III) in September European Central Bank presented a huge set of monetary policy initiatives Thursday that sent economists and analysts on Twitter spinning. Below are some of their quick reactions as the EUR […]
FLASH: The EU’s economy is cooling more than many investors believe, the slowdown poses the biggest risk to the market. The European Central Bank (ECB) has limited tools at its disposal to respond to economic weakness while European governments are not prepared to respond with spending warns Mohamed El-Erian. “People are underestimating how quickly Europe […]
$USD, $EUR FLASH: The Fed has pivoted to a Dovish policy, yet that does not appear to have stopped USD. The US Dollar (.DXY) Index, which measures the value of the Buck Vs a basket of 6 peer currencies, just hit a 2month-high, which also happens to be close to a 2-year high. The strength […]
$GBP, $EUR, $GS Queen Elizabeth, 92 anni, has sent a message to Britain’s factious political class over BREXIT, urging lawmakers to seek common ground and grasp the big picture to resolve the crisis. With the clock ticking down to 29 March, the date set in law for Britain to leave the EU, the United Kingdom […]
Euro: USD/EUR (EUR=X) stuck below $1.14 The EUR/USD pair has continued to rally from the low of last week, but a breakout above $1.14 still eludes it. From there $1.145 and $1.15 would come into play as possible resistance. So far this morning a rally towards $1.14 has run out of steam, so we may see fresh […]
Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance EUR/USD has managed to rally into the 76.4% retracement this morning, following on from a wider downturn from the 61.8% resistance at $1.1394. With a bearish, engulfing pattern looking likely from this resistance level, coupled with a wider bearish trend over recent months, another bearish period looks likely […]
Euro: USD/EUR (EUR=X) Expectations are tempered with volatility low CHOPPY EURO PRICE ACTION BUILDING A TRIANGLE The bad news is that price action of late has been choppy and uninspiring, unless of course you favor mean reversion or range trading, in which case this has been your market. The good news for those looking for […]
Euro: USD/EUR (EUR=X) given a boost by falling US dollar The weakening of the US dollar has prompted a sharp rebound in EUR/USD, and the price is now testing the area above the Monday high of $1.138. Further gains target the $1.147 area that was strong resistance earlier in the month. Some retracement of the sharp […]
Euro: USD/EUR (EUR=X) continues to break lower EUR/USD has been ramping up the selling in the wake of the reversal from trendline resistance. This continues the wider trend of lower highs, with a break below the $1.1216 level required to bring about a new lower low. With a long-term descending trendline down below, a break below […]
Euro: USD/EUR (EUR=X) back down as dollar recovers The sellers have reasserted their control over the last few days, with the EUR/USD’s rally towards $1.15 providing a selling opportunity. Below $1.13 the price heads towards to the $1.1215 lows of earlier in the month. In the short term, the price may bounce, but any move back towards […]
Euro: USD/EUR (EUR=X) rebounding amid recent breakdown EUR/USD has been breaking lower since hitting trendline resistance last week. The fall below trendline support led us to further declines, with the short term creation of lower highs and lower lows providing us with the potential of further downside from here. Given this recent period of weakness, there […]
Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy The Euro avoided major losses against the US Dollar for most of the week, as investors sold the US Dollar from its highs amid profit-taking and speculation of a more dovish Federal Reserve. Multiple comments from Federal Reserve officials predicting that global growth would slow in […]
Euro: USD/EUR (EUR=X) uptrend intact for now The price for EUR/USD has recovered from the steep losses seen on Tuesday, leaving the uptrend from the November lows intact. Further gains above $1.1420 would target $1.1460, and then on to $1.1554. A move back below $1.1360 would invalidate the bullish view and give the sellers the upper hand. […]
Euro: USD/EUR (EUR=X) turns lower from trendline resistance EUR/USD has been selling off from trendline resistance this week, with a particularly deep rally coming close to the bullish breakout threshold of $1.15. However, for now we are caught between two trendlines, with the price rallying back towards the resistance once more. A break through $1.15 would […]
Euro: USD/EUR (EUR=X) pushes higher for now EUR/USD has continued to climb, breaking through trendline resistance and targeting the $1.15 level, the high from early November. From here $1.1554 and then $1.162 come into play. The steep rally over the past few days could begin to moderate, but dips to $1.138 could find buyers. Overall, the […]
Euro: USD/EUR (EUR=X) rallies into deep retracement level EUR/USD has been regaining ground, with the pair moving into the crucial 76.4% retracement at $1.1433. There is a high likeliness that we are seeing a retracement in play here, with a break above $1.15 required to negate the premise that this a short-term pullback before we see […]
Euro: USD/EUR (EUR=X) still stuck in downtrend EUR/USD has rallied off the lows but remains in a broader downtrend from the highs of September. A failure to push on above $1.135 would signal that we have more declines ahead, while a rally above this level would head towards $1.1554. Overall, the bias in prices is: Downwards. […]
Euro: USD/EUR (EUR=X) still stuck in downtrend EUR/USD has rallied off the lows but remains in a broader downtrend from the highs of September. A failure to push on above $1.135 would signal that we have more declines ahead, while a rally above this level would head towards $1.1554. Overall, the bias in prices is: Downwards. […]
Euro: USD/EUR (EUR=X) rebound unlikely to last EUR/USD has been gaining ground following last week’s sell-off, with the selling pressure easing somewhat. However, the wider bearish trend remains intact, and there is a strong chance that this rebound is going to falter before long. With that in mind, watch for a potential bearish reversal in the […]
Euro: USD/EUR (EUR=X) bounce falters EUR/USD has plumbed to a new low, continuing its extended downtrend and heading towards possible support at $1.111. A rally will target $1.13, previous key support, while above this the November high at $1.15 comes into play. Having rallied from oversold intraday conditions, it will be important to watch the $1.126 […]
Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220 There is not much to add to last Friday’s (09 Nov, spot at 1.1365) update. As highlighted, the sharp and rapid drop from last Wednesday (07 Nov) peak of 1.1500 indicates there is scope for EUR to retest the major 1.1300 support. The […]
Euro: USD/EUR (EUR=X) could give way to next target at 1.1205 The EUR/USD pair keeps knocking at the door of the circa 1.1300 hard floor, and the risks are building that it could finally break below it in the week ahead. The pair touched and bounced off the floor in October and after recovering to […]
Euro: USD/EUR (EUR=X) rallies through resistance The EUR/USD pair mounted an impressive bounce above trendline resistance, and while it then retraced to the line, it posted a classic bounce. Dip buyers came in around $1.14, suggesting that we have seen a bullish move develop. Further gains target $1.15 and then $1.1554. Higher lows have been put in […]
Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness EUR/USD has been pushing higher, in a continuation of the strength seen throughout November thus far. With the price rising through the 50% retracement, there is a strong chance we will see the pair continue to gain ground over the near term. A break through the $1.1622 mark […]
Euro: USD/EUR (EUR=X) sees upward momentum falter The price of EUR/USD has rallied from the lows of last week, but has failed to push higher. As a result, we may see bearish momentum develop without a close above $1.1450. Further declines target the $1.13 level of support, which held in August and October. Below this the $1.1118 […]
Ferrari (NYSE:RACE) New Car Sales + 11% in Q-3, Profit Doubles $RACE Ferrari’s (NYSE:RACE) sales mix favored the entry level Portofino convertible in Q-3 rather than its high-margin Limited-Edition models on availability, weighing a bit on the Italian company’s earnings. Investors are looking for reassurance that CEO Louis Camilleri can maintain Ferrari’s strong growth achieved […]
Euro: USD/EUR (EUR=X) pulling back after recent bullish break EUR/USD has been moving lower since Friday morning, coming off the back of a trendline breakout. The fact that we saw a move that barely even reached the 50% level points towards the possibility of further upside. With that in mind, the current pullback looks like a […]
Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit Looking beyond the trials and tribulations of financial markets in the United States, promising signs of major breakthroughs regarding Brexit and the US-China war have emerged. News reports over the weekend have warmed the idea that a Brexit deal could be negotiated, by some time […]
Euro: USD/EUR (EUR=X) downtrend intact Short-term support for EUR/USD has been found around $1.13, coinciding with a decent bounce from intraday oversold conditions. However, for the moment this merely looks like a lower high within the current downtrend. A turn lower from below $1.1146 would mark another potential selling opportunity, and would see the $1.13 area tested […]
Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline EUR/USD failed to break below the $1.1335 support level overnight, with the price rallying into trendline resistance. The declines seen over the past fortnight are likely to be retraced before long, and many will question whether this is the beginning of such a move. However, we would […]
Euro: USD/EUR (EUR=X) still unable to push higher EUR/USD continues to hold above $1.1350, although the downward move from mid-October remains intact. A push above $1.1430 would clear recent intraday resistance and suggest another attempt to break the downtrend line from the September highs. Further support is found at $1.13. Overall, the bias in prices is: […]
Euro: USD/EUR (EUR=X) wedge break points towards potential upside EUR/USD has managed to rally through trendline resistance, completing a bullish breakout from the falling wedge formation in play over the past week. This points towards a potential bullish phase coming into play this week. However, it makes sense to watch out for a rally through $1.1432 […]
Euro: USD/EUR (EUR=X) forming a base above the 12.13 level The Euro extended losses last week as a host of factors pushed it lower but the market now looks to have begun carving out a base close to its one-year lows in the 1.13 area. Italy’s budget row with the EU commission and another surprise […]
Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350 We highlighted yesterday “time appears to be running out for further weakness” and the subsequent swift and sharp plunge in EUR came as a surprise, albeit a pleasant one. We have been anticipating a move to 1.1400 since last Friday (19 Oct, spot at […]
Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum The euro to dollar exchange rate plunged on Wednesday after the latest Eurozone PMI’s pointed to a slowing growth momentum. Analysts at Scotiabank suggest EUR/USD could see lows of 1.1302 in the near-term outlook: “EUR/USD failed to make any impression on resistance in the low 1.15s […]
Euro: USD/EUR (EUR=X) back to support zone EUR/USD has fallen back towards a zone of support, around $1.1440. A close below this is required to open the way to the $1.13 lows from August. We have seen a lower high created in mid-October, so a sustained rebound requires a move above $1.1550 to challenge $1.16. Overall, […]
Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level EUR/USD has steadied on Monday, after posting considerable gains in the Friday session. Currently, the pair is trading at 1.1499, down 0.13% on the day. The sole event is the German Bundesbank monthly report. On Tuesday, Germany releases PPI and eurozone consumer confidence. There […]
Euro: USD/EUR (EUR=X) on the back foot EUR/USD has dropped back rapidly over the week, and last week’s low at $1.1432 is now likely to be tested. A close below this opens the way to $1.13, the August low. A close above $1.16 is needed to suggest that a more bullish view prevails. Overall, the bias […]
Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown EUR/USD managed to break lower from its consolidation yesterday, coming off the back of a rally into the 50% retracement and 200-day simple moving average (SMA). However, given the mixed signals seen in a wider context (higher highs and lower lows), we need to see a break […]
Euro: USD/EUR (EUR=X) consolidates after recent rebound EUR/USD has been pushing higher off the back of a two-week period of losses. We are now seemingly in a period of consolidation, where a break through support ($1.1544) or resistance ($1.1609) would signal where we go from here. A break to the downside would look like a potential […]
Euro: USD/EUR (EUR=X) recovers in early trade Overnight weakness for EUR/USD seems to have given buyers another opportunity, but they will need to push the price above $1.16 to clear the way to further upside. Above here, $1.18 comes into view. A close below $1.15 is needed to suggest a bearish turn. Overall, the bias in prices […]
Euro: USD/EUR (EUR=X) pullback unlikely to last Friday saw EUR/USD attempt to reverse some of its recent gains, with the break through $1.1549 and $1.1594 providing a bullish reversal signal. We do not know the size of this current retracement, yet unless we reverse the whole of last week’s rally and break below $1.1432, then this current […]
Euro: USD/EUR (EUR=X) continues to gain A steady push higher continues for EUR/USD, with some early weakness this morning a possible buying opportunity. Further gains above the 50-day simple moving average (SMA) of $1.1586 would indicate a move towards $1.17 and then key resistance around $1.18. A close below $1.15 reinvigorates the bearish case. Overall, the […]
Euro: USD/EUR (EUR=X) moves higher from base around $1.15 EUR/USD is moving higher after several days of sideways movement around $1.15. Further gains will target $1.18, the highs of late September. Over the past few days, short-term dips intraday have found buyers, and a move back below the $1.15 level would suggest the rally has ended. […]
Euro: USD/EUR (EUR=X) rally looks set to falter again EUR/USD has been regaining ground overnight, with the pair moving into trendline resistance. The ability to break above $1.1550 will be key in reversing this short-term trend. As such, a bearish outlook remains unless that swing high is broken. Overall, the bias in prices is: Sideways. By […]
Euro: USD/EUR (EUR=X) bears back in charge EUR/USD’s brief rebound of last week appears to have run its course, with the price back at the $1.1465 area that has held as support since last Wednesday. Below this the pair will head towards $1.1296, retracing the entirety of the move from the August lows. So long as […]
Euro: USD/EUR (EUR=X) retracement phase to continue EUR/USD has been gaining ground since the Thursday low, with a rising wedge pattern coming into play. This provides greater confidence that the pair is simply retracing the downturn from $1.1593. As such, while it looks probable we’ll see further upside if trendline support is respected, any such gains […]
Euro: USD/EUR (EUR=X) Breakdown Set to Continue EUR/USD Technical Highlights: Breach of support last week keeps focus lower Firm recapture of support needed to negate bearish bias Trend-line from Dec ’16 and August low could be targeted next week For the intermediate-term fundamental and technical outlook, check out the The euro broke big support just […]
Euro: USD/EUR (EUR=X) loses key support zone The drop below $1.15 sends a bearish signal for EUR/USD, indicating that we may well see fresh declines. A rebound towards $1.16 is possible, but any rally that fails to move above yesterday’s swing high is likely another selling opportunity. Further declines target $1.13. Overall, the bias in prices […]
Euro: USD/EUR (EUR=X) holds critical support EUR/USD remains at the crucial area of support around $1.1554, which held back in late August. While it dipped below this yesterday, the rebound saw it finish around the same level. A rally targets $1.18, where gains faltered in July and in September. A close below $1.1554 is needed to […]
Euro: USD/EUR (EUR=X) falls into key support EUR/USD has been continuing its decline, with the pair falling into the crucial $1.1526 support level. The ability to break below here is going to be key in determining our direction for the day. As such, watch for an hourly close below this level for a bearish outlook. […]
Euro: USD/EUR (EUR=X) holds up amid recent downturn EUR/USD has been selling off sharply throughout the latter part of the past week, with the pair moving towards the crucial $1.1526 support level. The wider trend points towards a recent inverse head and shoulders formation in play, but should this fall see the pair drop below $1.1526 […]
Euro: USD/EUR (EUR=X) could move lower The Italian budget aside, since EU inspired political wobbles do tend to have a very short half-life effect on Euro sentiment, higher US interest rate expectation amidst the backdrop of divergence between the Fed and the ECB, even more so after the tepid Eurozone inflation print on Friday, will […]
Euro: USD/EUR (EUR=X) in the red on account of the firmer US dollar EUR/USD is in the red on account of the firmer US dollar. Germany posted an impressive jump in inflation but the currency pair remained unfazed by the news. The inflation rate on an annual basis jumped to 2.2% in September – up from […]
Euro: USD/EUR (EUR=X) looks set for further gains EUR/USD has been consolidating over the past five days, with the price falling back towards trendline support. The uptrend remains intact, with the price continuing to respect the $1.1790 resistance zone. With that in mind, it makes sense to watch out for the pair to push through this […]
Euro: USD/EUR (EUR=X) struggles to clear $1.18 EUR/USD’s price rallied to $1.18 yesterday, but then dropped back. A close above this level continues to elude the pair, but it remains in an uptrend from the August lows. The near-term bullish view persists unless we see a close below rising trendline support, around $1.1660. Overall, the […]
Euro: USD/EUR (EUR=X) rallying from horizontal support EUR/USD has started to gain ground from the $1.1724 support level, which represents the highs from the beginning of last week. With a clear uptrend in play over recent weeks, the weakness we have seen since Friday’s peak of $1.1803 is likely to start fading. As such, while further […]
Euro: USD/EUR (EUR=X) rallies into crucial resistance zone EUR/USD has rallied through the $1.1746 resistance level, with the pair shifting into the next major level at $1.1790. The ability to break through this level is going to be key in determining where we go from here. With the pair relatively overextended, there is a good chance […]
The Trump Market, DJIA Marks Another Record High $DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the Industrials led DJIA to a new closing high Friday ahead of Monday’s major sector reshuffle, capping a week in which investors shrugged off trade dispute concerns. Declines in the FAANGs dragged on equity benchmarks, helping erase the session’s gains on […]
Euro: USD/EUR (EUR=X) launching assault on key resistance zone EUR/USD is turning higher yet again this morning, with the pair looking likely to challenge the $1.1718-$1.1746 resistance zone once more. The ability to break through that resistance zone is key in determining whether we are set for a wider period of gains. As such, watch for […]
Euro: USD/EUR (EUR=X) tries to break $1.17 again EUR/USD is making another attempt to move above the $1.17 area that has blocked progress since the second half of August. Above this, the $1.18 area and then $1.1852 come into view. Rising trendline support appears around $1.1630, and further weakness requires a close below $1.1523. Overall, the […]
Euro: USD/EUR (EUR=X) stuck below $1.17 We have seen EUR/USD gain steadily over the past few days, but a move above $1.17 still eludes it. Above here, the $1.18 area and $1.1852 zones are areas of resistance. A move back below $1.16 hands the initiative to the sellers, although $1.1550 still remains a significant area of support. […]
Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance EUR/USD sold off sharply from the $1.1720 region on Friday, with the pair shifting away from a crucial area of resistance. The ability to break through the $1.1746-$1.1790 resistance zone is key in determining whether we are set for a bullish breakout or not. With the […]
Euro: USD/EUR (EUR=X) Poised For Further Gains The EUR/USD exchange rate has made strong gains over recent weeks aided by a tightening in monetary policy in the region. The European Central Bank (ECB) went ahead and cut monetary stimulus in half last week which aided the uptrend while confirming they are on track to deliver an interest rate rise […]
Euro: USD/EUR (EUR=X) consolidates around trendline resistance EUR/USD has rallied back into the four-hour simple moving average (SMA) resistance overnight, with the pair remaining stuck between the descending trendline resistance and SMA support. That trendline (dating back to June) is back in play now, and we would need to see a break through $1.1659 to signal […]
Euro: USD/EUR (EUR=X) held up at SMA support EUR/USD has been turning lower from trendline support over the past 24 hours, with the pair seeking to continue the pullback following the late-August rebound. This move lower is likely to continue, yet with the 200-day simple moving average (SMA) on the four-hour chart below, we have a […]
Euro: USD/EUR (EUR=X) surges in early trade Renewed euro strength early on this morning suggests we may see another attempt by EUR/USD to break the $1.1660 area that stifled upward progress last week. If this is broken then the August high at $1.1740 comes into view. The cautiously bullish view would be negated by a move back […]
Euro: USD/EUR (EUR=X) testing $1.15 again Friday’s jobs data knocked EUR/USD back to the $1.15 support level, with a further test of this level this morning. Fresh declines would target the $1.13 level. A move above $1.1660 is needed to suggest a broader move higher is underway, and even then it needs to clear $1.18, which has […]
USD Higher on Continuing Trade Tensions $USD, $AUD, $EUR, $JPY, $CNY Friday, US President Donald Trump warned that he is ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267-B of goods in addition to the $200-B already facing the risk of duties. The US Dollar (.DXY) […]
USD/EUR (EUR=X) ECB Not Likely A Big Event The main event for the Euro in the week ahead is the conclusion of the policy meeting of the European Central Bank (ECB) on Thursday at 12.45 B.S.T. In June the ECB signalled it would be tapering its quantitative easing (QE) programme with a view to to […]
Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]