Euro: USD/EUR (EUR=X) still stuck in downtrend

Euro: USD/EUR (EUR=X) still stuck in downtrend

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

Euro: USD/EUR (EUR=X) rebound unlikely to last

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

Euro: USD/EUR (EUR=X) bounce falters

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

Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220

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) rallies through resistance

Euro: USD/EUR (EUR=X) rallies through resistance

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

Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness

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

Euro: USD/EUR (EUR=X) sees upward momentum falter

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

Ferrari (NYSE:RACE) New Car Sales + 11% in Q-3, Profit Doubles

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

Euro: USD/EUR (EUR=X) pulling back after recent bullish break

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

Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit

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

Euro: USD/EUR (EUR=X) downtrend intact

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

Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline

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

Euro: USD/EUR (EUR=X) still unable to push higher

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

Euro: USD/EUR (EUR=X) wedge break points towards potential upside

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) room for EUR to weaken further to 1.1350

Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350

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

Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum

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) trade sideways to stay near the 1.1500 level

Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level

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) weakness points towards potential further breakdown

Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown

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

Euro: USD/EUR (EUR=X) consolidates after recent rebound

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

Euro: USD/EUR (EUR=X) recovers in early trade

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

Euro: USD/EUR (EUR=X) pullback unlikely to last

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

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

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

Euro: USD/EUR (EUR=X) moves higher from base around $1.15

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

Euro: USD/EUR (EUR=X) rally looks set to falter again

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) retracement phase to continue

Euro: USD/EUR (EUR=X) retracement phase to continue

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

Euro: USD/EUR (EUR=X) Breakdown Set to Continue

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

Euro: USD/EUR (EUR=X) loses key support zone

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

Euro: USD/EUR (EUR=X) holds critical support

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) holds up amid recent downturn

Euro: USD/EUR (EUR=X) holds up amid recent downturn

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

Euro: USD/EUR (EUR=X) could move lower

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

Euro: USD/EUR (EUR=X) in the red on account of the firmer US dollar

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

Euro: USD/EUR (EUR=X) looks set for further gains

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

Euro: USD/EUR (EUR=X) struggles to clear $1.18

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

Euro: USD/EUR (EUR=X) rallying from horizontal support

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

Euro: USD/EUR (EUR=X) rallies into crucial resistance zone

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

The Trump Market, DJIA Marks Another Record High

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

Euro: USD/EUR (EUR=X) launching assault on key resistance zone

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

Euro: USD/EUR (EUR=X) tries to break $1.17 again

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

Euro: USD/EUR (EUR=X) stuck below $1.17

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

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

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

Euro: USD/EUR (EUR=X) Poised For Further Gains

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

Euro: USD/EUR (EUR=X) consolidates around trendline resistance

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

Euro: USD/EUR (EUR=X) held up at SMA support

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

Euro: USD/EUR (EUR=X) surges in early trade

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

Euro: USD/EUR (EUR=X) testing $1.15 again

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 […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

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 […]

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again

Euro: USD/EUR (EUR=X) holds $1.15 again A choppy day yesterday nevertheless saw EUR/USD finish above the $1.1554 level, in a similar fashion to that seen on Tuesday. A fresh push higher above $1.1660 would target the $1.1730 highs from late August. A break below $1.15 is needed to revive the bearish view. Further gains above $1.1730 would […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

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 […]

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement

Euro: USD/EUR (EUR=X) tumbles following deep retracement EUR/USD is selling off after an overnight rally which took us into the 76.4% retracement. This deep retracement allows for better risk-to-reward trade entries. We are now seeing the pair push back towards yesterday’s lows, with the trend looking set to resume once more. Therefore look for a break […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

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. Supports are holding.PE Notes: After a quiet Monday due to holidays in USA, the USD strengthened a bit Vs the Euro and Sterling from Tuesday’s session.It […]

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend

Euro: USD/EUR (EUR=X) appears to reaffirm downtrend It may well be that EUR/USD’s downtrend from the April highs has reasserted itself. The pair faltered last week at $1.17, so further declines below $1.15 will support the bearish thesis. This would open the way to support at $1.13. A close above $1.16 would signal that the buyers […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

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. Supports are holding.PE Note: After a quiet Monday due to holidays in USA, the USD could begin strengthening Vs the Euro and Sterling from […]

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend EUR/USD fell below trendline support, with the pair moving into a crucial area of support that will determine the outlook for the week ahead. The pair needed to either break through $1.1746 for a more bullish outlook, or below trendline support to prove that we could be set […]

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today

Euro: USD/EUR (EUR=X) August private sector PMI numbers due out today For the EUR, stats through the week include August private sector PMI numbers due out on Monday and Wednesday, July retail sales figures out of the Eurozone on Wednesday, Germany factory orders on Thursday, with finalized 2nd quarter GDP numbers out of the Eurozone and […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

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 next month (it is happening early). This Supports not holding.PE Notes: The Argentinian Peso at 37.96 has crashed almost 33% from marks near 31.30 to 41.46 […]

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance

Euro: USD/EUR (EUR=X) ascent slows as we head into key resistance EUR/USD has been trying to rally through the Tuesday peak of $1.1733, with the pair pushing towards the crucial bullish breakout level of $1.1746. So far, however, we have failed to break either of those levels, which points towards a potential period of weakness. […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

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 next month. This become bigger if certain Support and Resistances hold. PE Notes: Some positive sentiment is swirling around the BREXIT talks helped GBP rally Wednesday. EUR […]

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level

Euro: USD/EUR (EUR=X) rallies into key resistance level EUR/USD has managed to rally through a number of resistance points, with the price almost hitting the $1.1746 high from late August. The ability to rally through this $1.1746-$1.1790 resistance zone is going to be key in determining whether we are set for further upside or not. As […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: Important resistances on EUR and on GBP/USD are holding, suggesting that the US Dollar strength cane […]

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745

Euro: USD/EUR (EUR=X) ready to tackle the next resistance at 1.1745 While we have been expecting a ‘robust recovery’ in EUR since last Tuesday (see update on 21 Aug, spot at 1.1485), the pace and extent of the rally over the past 2 days exceeded our anticipation (note that EUR rose by +1.21% over Friday […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Note: Watch out for crucial resistances on EUR at 1.1675-1.1700 and on Sterling at 1.2872, if breached, […]

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level

Euro: USD/EUR (EUR=X) looking towards the 1.1750 level The Euro rallied significantly during the trading session on Friday, breaking above the shooting star that formed on Wednesday which of course is a very bullish sign. At this point, the market may continue to go higher, but there’s obviously a lot of resistance just above. If […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: USD strength might see a return this week, EUR looks like it might dip from 1.17, RMB […]

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data

Euro: USD/EUR (EUR=X) Weakness Despite Lack of Support from Eurozone Data The Eurozone’s economic outlook didn’t actually change much last week, but the Euro saw significant gains against the US Dollar regardless. Concerns about the possibility of a Turkish currency crisis persisted, the Eurozone’s August PMI projections were mixed, and Germany’s final Q2 Gross Domestic […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/ reversal next month. This become bigger if certain Support and Resistances hold. PE Note: The US Dollar .DXY Index is up 0.5% at 95.62 5 consecutive losing sessions. […]

Euro: USD/EUR (EUR=X) hits 50-day moving average

Euro: USD/EUR (EUR=X) hits 50-day moving average

Euro: USD/EUR (EUR=X) hits 50-day moving average Silver markets have grounds sideways for some time, over the last several days. The $14.80 level has been a bit of an anchor for price, but above there I see the $15.00 level as being massive resistance. Short-term rallies will of course offer selling opportunities as that is […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The US Dollar (.DXY) Index is lower by 0.2% at 95.01. .DXY slipped beneath the 50-Day MA in early Wednesday, came off its lows in the US.  .DXY track it 5th straight decliner. USD saw afternoon selling after the FOMC Minutes from the August meeting acknowledged the presence […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US Dollar (.DXY) Index off 0.8% at 95.12, back at August lows. USD retreated in overnight action, but climbed off its low in early-morning trade, the rebound was short-lived, as .DXY saw resistance near its Monday’s closing mark. Intra-day action saw a move to the overnight low, […]

Euro: USD/EUR (EUR=X) economic surprises are in balance

Euro: USD/EUR (EUR=X) economic surprises are in balance

Euro: USD/EUR (EUR=X) economic surprises are in balance The EUR/USD rate rose Tuesday as the Dollar wilted broadly in response to President Donald Trump’s attack on the Federal Reserve, but analysts say it could go further during coming months now that Transatlantic economic momentum is coming back into balance after months of US outperformance. Economic […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY surrendered an overnight gainer. With today’s decline, USD is down 0.8% since last Wednesday, tracking its 3rd loss running. .DXY climbed at the start of the overnight session, but saw resistance near marks from Friday morning. The .DXY marked a high during the European session, having spent the […]

President Trump, “not trilled” with Fed’s Raising Interest Rates

President Trump, “not trilled” with Fed’s Raising Interest Rates

President Trump, “not trilled” with Fed’s Raising Interest Rates $USD, $EUR Monday, US President Donald Trump said he is “not thrilled” with Fed Chairman Jerome Powell for raising interest rates, plus he accused China and Europe of manipulating their respective currencies. President Trump rattled investors in July when he criticized the Fed’s monetary policy tightening, […]

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level

Euro: USD/EUR (EUR=X) Watching the 1.15008/10 band Level EUR/USD’s bounce off the November 2016 high at 1.1300 has further to run and targets the May and June lows at 1.1508/10. Should a drop and daily chart close below the 1.1300/1.1296 November 2016 and mid-June 2017 highs be seen, however, the 61.8% Fibonacci retracement of the […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 14-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite […]

Euro: USD/EUR (EUR=X) showing early signs of a change in trend

Euro: USD/EUR (EUR=X) showing early signs of a change in trend

Euro: USD/EUR (EUR=X) showing early signs of a change in trend While still in its early stages and vulnerable to a breakdown, the fledgling uptrend will probably endure over coming days now the exchange rate has formed two higher-highs and two higher lows on the 4-hour chart – a major indicator of early stage changes […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 13-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish […]

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session EUR/USD has posted small losses in the Thursday session. Currently, the pair is trading at 1.1372, up 0.24% on the day. On the release front, the German Wholesale Price Index dropped to 0.0%, short of the estimate of 0.5%. The eurozone trade surplus narrowed to EUR […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.75 as it saw some selling pressure after marking a 13-month high in morning trade. Overnight USD strength pressured other major currencies like EUR and GBP to new lows for the year, but USD has struggled to hold that high amid mounting bets on an […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Tuesday’s rebound on Wall Street coincided with a rebound in the Turkish Lira, which had plunged nearly 25% Vs in the prior 2 sessions. The Lira added about 8% Vs USD  Tuesday, helping to ease concerns over the financial health of lenders with heavy exposure to Turkey. PE […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. And now after a week of  hammering is is beginning to […]

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse Last week, the Euro to US Dollar (EUR/USD) exchange rate opened in the range of $1.1562 on Monday and closed down lower at $1.1420 on Friday. This overall deterioration for the single currency was down to growing concerns that a Turkish economic collapse could negatively […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. PE US Dollar (.DXY) Index at 96.41: .DXY saw […]

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300 60% of analysts believe that the dollar will continue to strengthen, and the pair will go down. Graphical analysis on H4 and D1, most indicators agree with this development. The target is the zone 1.1120-1.1300. There is little sign that the euro is about to turn around […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading higher and EUR is moving lower, both towards there respective support and resistance in here. PE US Dollar (.DXY) Index at 95.586: .DXY is moving closer to its prior highs 95.6-95.7. On weekly line a clear break of 95 has .DXY looking Bullish near term. Note: If US […]

Euro: USD/EUR (EUR=X) wiping out some of yesterday’s gains

Euro: USD/EUR (EUR=X) wiping out some of yesterday’s gains

Euro: USD/EUR (EUR=X) wiping out some of yesterday’s gains The sellers are attempting to take charge again, pushing EUR/USD back from yesterday’s highs. They still have to break the $1.15 support zone, which would mark a particularly bearish development. A possible first area of support in case of any sustained downturn comes in at $1.1285. […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading lower and EUR is moving higher, both towards there respective support and resistance in here. PE The Dollar (.DXY) Index at 95.15: ,DXY could move lower to 94.8, its 21-Day MA over the rest of this week. If .DXY breaks below 94.8, the trendline support is at 94.5, […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR are moving against our expectatona in here. PE The Dollar (.DXY) Index at 95.15: .DXY dipped Monday after marking a high 95.52 on the day. .DXY has support at 94.8, 21-Day MA, and 94.5 the trendline support. A test of 94.8 would align the EUR’s testing 1.165-1.167, and […]

Euro: USD/EUR (EUR=X) Exchange Rate Rises 0.3% despite German Industrial Slowdown

Euro: USD/EUR (EUR=X) Exchange Rate Rises 0.3% despite German Industrial Slowdown

Euro: USD/EUR (EUR=X) Exchange Rate Rises 0.3% despite German Industrial Slowdown The euro currency is correcting higher against the U.S. Dollar on Tuesday, as the U.S. Dollar Index starts to pullback from a two-week trading-high. The EUR / USD pair performed a bearish daily price-close below the November 2017 trading-low, at 1.1553 on Monday, marking the euro’s lowest daily […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR moving as expected in here. PE The Dollar (.DXY) Index at 95.314: The Dollar Index saw a high at 95.52 Monday day and could move higher to resistance on daily line chart at 96.0-96.2 some time next week. Recall that it broke the 95 mark last week, and […]

1 2 3 6