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 […]

Euro: USD/EUR (EUR=X) Falls After Weak German Factory Orders

Euro: USD/EUR (EUR=X) Falls After Weak German Factory Orders

Euro: USD/EUR (EUR=X) Falls After Weak German Factory Orders Eurozone outlook dims as German factory orders slump in June. Data comes as fears over Italian politics appear on radar again. EUR/USD to break 1.15 this week and fall to new lows this summer. The Euro was steady Monday but a stalling continental economy means the […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 95.245 looks Bullish to resistance at 95.6-95.8 in here. A clear break there open the path to 96, which corresponds with EUR testing support at 1.145. EUR (Euro) at 1.1561 broke below 1.16 last week, now seeing 1.1508 in here. A clear break below 1.1508 opens up support at […]

Euro: USD/EUR (EUR=X) key stats through the week limited to Germany’s June factory

Euro: USD/EUR (EUR=X) key stats through the week limited to Germany’s June factory

Euro: USD/EUR (EUR=X) key stats through the week limited to Germany’s June factory  It’s a quiet week ahead, with key stats through the week limited to Germany’s June factory orders on Monday and industrial production and trade figures out of Germany on Tuesday. In the 2nd half of the week, there may be some focus on […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 95.17 moved up and now looks like 96 next in here, aa close above 95 Friday will be Very Bullish for .DXY next week EUR (Euro) at 1.1587 broke below support at 1.1600-1.1625, it is headed South to 1.1508. There is support 1.145 on 3-day line, a clear […]

Euro: USD/EUR (EUR=X) Stifled by Sub-Par Factory Activity Growth

Euro: USD/EUR (EUR=X) Stifled by Sub-Par Factory Activity Growth

Euro: USD/EUR (EUR=X) Stifled by Sub-Par Factory Activity Growth The Euro (EUR) was unable to gain momentum yesterday with the release of the bloc’s manufacturing PMI for July. EUR/USD is trading lower and lost more than 80 pips from yesterday’s high of 1.16996 after more hawkish fed policy. Fed has kept its interest rates unchanged […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.64, the FOMC stressed that the US economy is growing strongly and so, a rate hike in September is almost certain. The Fed’s policy did not strengthen .DXY, it looks like it could strengthen towards 95.0-95.5 in her, as long as it holds above 94. […]

Euro: USD/EUR (EUR=X) sold sharply after false breakout above symmetrical triangle pattern

Euro: USD/EUR (EUR=X) sold sharply after false breakout above symmetrical triangle pattern

Euro: USD/EUR (EUR=X) sold sharply after false breakout above symmetrical triangle pattern – EUR/USD almost broke out higher on Tuesday but closed back down in range – Bearish EUR/USD forecasts still dominate the technical community – Positive assessment from the Fed could give green light to Dollar buying “The Euro-to-Dollar exchange rate momentarily looked poised […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.59 the 1st support held for .DXY Tuesday, it is now trading at the major resistance. The focus is on the FOMC meet Wednesday, which could strengthen .DXY to 95.0-95.5. We will see if it gets capped there or breaks out. EUR (Euro) 1.1684 moved […]

Euro: USD/EUR (EUR=X) regaining ground after recent decline

Euro: USD/EUR (EUR=X) regaining ground after recent decline

Euro: USD/EUR (EUR=X) regaining ground after recent decline The Euro (EUR) has firmed against the US Dollar (USD) today, hitting an exchange rate of $1.1738. This is resilient trading in the face of the latest Eurozone data, which has revealed a faster pace of inflation but slowing GDP growth. On the plus side, July’s annual Eurozone inflation […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.38 fell Monday and is testing support at 94.30-35. Expecting this support to hold and for the FOMC meet to strengthen .DXY. If that happens a ride to 95.0-95.5 is likely, and 95.5-96.0 is important resistance, and a clear break above that […]

Euro: USD/EUR (EUR=X) strengthening following periods of downside

Euro: USD/EUR (EUR=X) strengthening following periods of downside

Euro: USD/EUR (EUR=X) strengthening following periods of downside For European currencies, NET LENGTH for EUR futures gained +8 233 contracts to 29 640 for the week. Bulls increase their bets, by + 2125 contracts, to 179 515, while bears decreased bets, by -6 108 contracts, to 149 875, for the week. GBP futures deepened into NET SHORT position, adding […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.74, the FOMC meet this week could strengthen .DXY as the overtones in the policy statement could be Hawkish. If that happens, a rise to 95.5 is seen. The resistance at 95.5-96.0 is important, a clear break […]

Euro: USD/EUR (EUR=X) Triangle Close to Breaking Out

Euro: USD/EUR (EUR=X) Triangle Close to Breaking Out

Euro: USD/EUR (EUR=X) Triangle Close to Breaking Out From a number of perspectives, therefore, we think euro weakness has run much of its course for now and advise buying into weakness. Reduced trade uncertainty, a stabilization in the data, discounted policy rate differentials, a large current account surplus and the geopolitical sensitivities of exchange rate […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.694 tested support Thursday near 94.08 and then bounced as the ECB continued its Dovish stance. The US GDP release Friday is expected to show sharp acceleration in GDP in Q-2. If that happens, […]

Euro: USD/EUR (EUR=X) Impending Directional Breakout

Euro: USD/EUR (EUR=X) Impending Directional Breakout

Euro: USD/EUR (EUR=X) Impending Directional Breakout All eyes are on the ECB, which will set interest rates later on Thursday. The markets are not expecting anything dramatic from policymakers, with rates expected to remain at 0.00%. In June, the ECB decided to end its massive bond-purchase scheme by the end of the year, which has […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.165 is trading slightly below support a 94.2 on daily and 3 day candles. A clear break below 94 negates the near term rise to 95-96. The ECB meet’s outcome today could decide the direction. EUR (Euro) at 1.1736 is testing resistance at 1.174, A clear […]

Euro: USD/EUR (EUR=X) drifting lower from triangle top

Euro: USD/EUR (EUR=X) drifting lower from triangle top

Euro: USD/EUR (EUR=X) drifting lower from triangle top The euro currency remains largely unchanged after solid IFO data for the month of July from the German economy. All three components of the German IFO survey beat market expectations, with only the current assessment survey beating the previous months reading. Stronger recovery cannot be ruled out […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.62 is respecting support here, and could rise to 95.0-95.5-96.0. But a clear break below 94.1 is required to negate a rise to 95-96. EUR (Euro) at 1.1678 is trading quietly in anticipation of the ECB meet Thursday ranged within 1.174 – 1.165. A […]

Euro: USD/EUR (EUR=X) high-impact German survey data comes out

Euro: USD/EUR (EUR=X) high-impact German survey data comes out

Euro: USD/EUR (EUR=X) high-impact German survey data comes out EUR/USD traded mostly unchanged at the end of European trading on Tuesday as an early day decline was firmly bid by buyers. Volatility has been quite muted in the early week as traders brace for the European Central Bank (ECB) meeting scheduled later this week as […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.63, the support near 94 held well for .DXY Monday. It is now trading near the 21-Days MA near 94.6. A rise to 95.00-95.25 in here, 95.5 is an important resistance mark. A clear break above that mark will correspond with a break […]

Euro: USD/EUR (EUR=X) volatile but mostly directionless

Euro: USD/EUR (EUR=X) volatile but mostly directionless

Euro: USD/EUR (EUR=X) volatile but mostly directionless The Euro finished in the middle of the pack last week, gaining ground against four currencies while losing ground against three. EUR/CHF was the worst performer, dropping by -0.61%, while EUR/GBP was the best, adding +0.98%; EUR/USD was volatile but mostly directionless, adding a mere +0.33%. While the economic calendar last week […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.29 has broken support near 94.5, next support is at 94 which it could test in early this week. A test of 94 by .DXY could correspond with a test of 1.18 by EUR. EUR (Euro) at 1.1739 moved past resistance at 1.1715 […]

Euro: USD/EUR (EUR=X) knocked down after the ECB’s mid-June policy review

Euro: USD/EUR (EUR=X) knocked down after the ECB’s mid-June policy review

Euro: USD/EUR (EUR=X) knocked down after the ECB’s mid-June policy review The euro has been treading water. It is unlikely to find a rescuing hand from the European Central Bank, whose policymakers meet this week. While analysts expect the shared currency to strengthen as the year progresses, conviction in that view is shaky, with strategists […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE Note: US President Donald Trump’s comments that he is not thrilled by the Fed’s rate hikes. The US Dollar (.DXY) Index at 95.17 tested a 1 year high at 95.65 Thursday and dipped.  A rise to 96 could correspond with EUR’s falling to 1.15. .DXY may face resistance at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.08 tested at 95.41 Wednesday and has then dipped. And can now move to the 21-Days MA at 94.67 which correspond with a rise in EUR to 1.1715. EUR (Euro) at 1.1644 saw a low of 1.1602 Wednesday. The support has held and the single […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.01 bounced Tuesday and is now looking Bullish to 95.5, and its prior high at 95.53 is a Key mark. A a clear break there is Bullish USD. EUR (Euro) at 1.1653 moved up to 1.1745 Tuesday, but dipped before testing resistance at 1.176-1.177. A […]

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor

Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor The ECB’s negative interest rate policy has made yields unattractive and vulnerable to the improving growth outlook. We expect core eurozone yields to rise. We are cautious on peripherals given tight valuations, political risks in Italy and the upcoming end to the ECB’s net asset purchases. […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.545, as he 34-Day MA on the daily line is support at 94.40. Want to see a rise in the EUR to 1.175 that implies that .DXY could break above or below that support, We wait. EUR (Euro) at 1.1707 moved up Monday, marking a […]

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675

Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675 The EUR/USD pair traded in a relatively tight 50-pip range on Monday as today’s macroeconomic data releases failed to receive a significant enough reaction from the market to shift the pair’s near-term neutral outlook. As we are approaching the end of the day, the EUR/USD pair […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.73 dipped from resistance near 95, and now a dip to support 94.0-94.2 is possible in here. EUR (Euro) at 1.1682 broke below the 21-Day MA at 1.16 Friday, but is trading above it now. Another week of range trade within 1.175-1.16 could follow. USD/JPY […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.83 could turn Bullish to 95 if trade war rhetoric continues to rise. Being cautious .DXY in here and would wait for a break below 1.165 and then below 1.16 on the EUR before inferring a Bullish DXY for the next few weeks. Currently, […]

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today

Euro: USD/EUR (EUR=X) Exchange Rate Losses Today The Euro (EUR) has made a small decline against the US Dollar (USD) today, in the wake of data confirming that German inflation rates slowed during June. The finalised figures have shown that base annual inflation slowed from 2.2% to 2.1%, while the monthly inflation rate fell further […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.76 seeing some resistance 94.85, which could produce a dip. If it crosses 94.85, then it could again test 95 yet this week Note: The US CPI data release today would be important stronger than expected CPI inflation would strengthen .DXY. EUR (Euro) at […]

Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum

Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum

Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum The euro found strong support in the 11500s and has since seen a bit of a rebound, but momentum and the broader trend aren’t bringing to the table with it much conviction. On the top-side there are the 11800s to contend with (11790 touched on […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.19 could move to support at 94 Wednesday. A clear break below 94 for .DXY correspond with a break above 1.176 for EUR. If that happens ,DXY could become Bearish to 93.44. EUR (Euro) at 1.1731 saw 1.169 and bounced to 1.174. If it moves […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.7 and bounced. The 34 days MA near 94.3 is next resistance. But, my preference is a move South to 93.44 in here. EUR (Euro) at 1.1752 at rose to 1.179 Monday but faded to 1.175. There is support at 1.173-1.174, after test there the […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.92 weakened Friday due on the beginning of the US-China trade dust-up, .DXY has some support 93.8 on daily lines, seeing 93.2 come soon. EUR (Euro) at 1.1761 strengthened past resistance near 1.172 and could now move up to 1.185. The early part of this week […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.43 will see support at 94.3, then .DXY could weaken towards 93.3-93.0. If the trade negotiation chatter heaths up then .DXY could strengthen towards 95.5 as a safe haven. Right now seeing .DXY falling to 93. EUR (Euro) at 1.1687 looks to want to […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.524 strength could react to the release of FOMC minutes later Thursday. Given that the policy statement was Hawkish, any deviation from that stance in the minutes could weaken .DXY to 94.3. The 3 day line chart reflects room for an up-move to […]

USD/EUR (EUR=X) Upside likely, Focus on Yuan

USD/EUR (EUR=X) Upside likely, Focus on Yuan

USD/EUR (EUR=X) Upside likely, Focus on Yuan Euro/dollar stays in tight range U.S. public holiday keeps some traders on sidelines Yuan bounces off 11-month low The euro fell on Wednesday as a weaker purchasing managers’ confidence in the bloc overshadowed better-than-expected data on business activity, while concerns about Washington’s end-of-week deadline to impose tariffs on […]

USD/EUR (EUR=X) Rises as Trade War Fears Worsen

USD/EUR (EUR=X) Rises as Trade War Fears Worsen

USD/EUR (EUR=X) Rises as Trade War Fears Worsen Low Confidence in US Trade Policies Lead to EUR/USD Exchange Rate Gains The Euro (EUR) is trading higher against the US Dollar (USD) today, mainly due to low confidence among USD investors. This appreciation has pushed the EUR/USD exchange rate up and interbank rate of $1.16, above […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY weakened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.90: Support for .DXY at 94.5-94.2 held well Monday as it is rising back to 95, and may see 95.2 Tuesday. EUR (Euro) at 1.1632 the single currency has been ranged within 1.1508-1.1721 the 2 of weeks. The bias has been to the Southside […]

USD/EUR (EUR=X) What’s next for euro-dollar?

USD/EUR (EUR=X) What’s next for euro-dollar?

USD/EUR (EUR=X) What’s next for euro-dollar? EUR/USD has confounded consensus expectations this year, hit by both intermittent episodes of USD strength and EUR weakness. Of the many factors that will drive EUR/USD over the next 12-18 months, four stand out: Trade wars European politics The relative ECB/Fed policy outlook The relative EZ-US growth (and equity) […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY wedkened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.71, seen testing support at 94.5 on daily lines and candles. 94.2 is also an important support mark which could slow the current fall in .DXY. A break below 94.2 would be Bearish near term. EUR (Euro) at 1.1656): A migration deal […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index 95.29 could see a dip to 95.00-94.75 Friday, and next week, it could rise from support at 94.75 back to 95.5 and … EUR (Euro) at 1.1570 has seen a high at 1.1601-1.1617 over Thursday and Friday. There is resistance at 1.162 and […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.24 saw a high at 95.4 Wednesday and could test resistance at 95.6 on the 3 -Day line this week. Next week could see a breach of this resistance then see 96, as EUR moves below 1.15. EUR (Euro) at 1.1567 […]

USD/EUR (EUR=X) breaking down to new weekly lows near 1.1600 level

USD/EUR (EUR=X) breaking down to new weekly lows near 1.1600 level

USD/EUR (EUR=X) breaking down to new weekly lows near 1.1600 level EUR/USD is drifting lower as the single currency broke below the 1.1634 level (pink line). The next scaling points to the downside are seen at the 1.1600 figure and 1.1560 June 14 low. EUR/USD momentum is bearish as the 50-period simple moving average (SMA) […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 94.62, support for .DXY 94.1-94.2 held Tuesday and it is now bouncing to 95.0-95.5. EUR (Euro) 1.1655 came down from resistance at 1.1720-50 Tuesday. It may break below support at 1.1650-30 yet this week, which would make it Very Bearish. But, if the […]

USD/EUR (EUR=X) Dollar up vs riskier currencies amid trade tensions

USD/EUR (EUR=X) Dollar up vs riskier currencies amid trade tensions

USD/EUR (EUR=X) Dollar up vs riskier currencies amid trade tensions The dollar rose slightly against a basket of currencies on Tuesday, snapping a four-day losing streak as traders worried about mounting global trade tensions unwound bets on high-yielding currencies like the Australian and Canadian dollars, whose economies are heavily trade dependent. The dollar index, which […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger. PE The US Dollar (.DXY) Index at 94.195 has moved lower to support 94.1-94.0. Prefer this support to hold, if it does not, the next target is 93. EUR (Euro) at 1.1717 moved past the 21-Day MA at 1.167 Monday and will likely test trendline resistance at 1.1725, if […]

USD/EUR (EUR=X) Escalating trade fight weighs on global stocks, boosts Treasuries

USD/EUR (EUR=X) Escalating trade fight weighs on global stocks, boosts Treasuries

USD/EUR (EUR=X) Escalating trade fight weighs on global stocks, boosts Treasuries Long-dated notes gain on trade war, Europe concerns Wall Street indexes see steepest losses since April Wall St lower on U.S. trade disputes with China, Europe Oil drops as traders factor in OPEC output rise Global stock markets sank on Monday as the trade fight between the United […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger? PE The US Dollar (.DXY) Index at 94.52 has support near 94.25-94.00, and may move to this mark this week, as EUR may rises to 1.17. EUR (Euro) at 1.1656 moved up Friday, testing at 1.1675, next resistance 1.167, and on a clear break see 1.170-1.175 and then […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR weakened. PE The US Dollar (.DXY) Index at 94.86, 1st support 94.5, likely will test next week. But, while it trades above 94.5 it may see 95.5 again in here EUR (Euro) at 1.1603 dipped to 10 months lows Thursday at 1.1508, and bounced to 1.16. If it breaks 1.162, […]

USD/EUR (EUR=X) holds to gains, consolidates above 1.1600

USD/EUR (EUR=X) holds to gains, consolidates above 1.1600

USD/EUR (EUR=X) holds to gains, consolidates above 1.1600 EUR/USD rebounds after hitting fresh 1-year low. DXY retreats signaling a potential short-term top. The EUR/USD pair consolidate daily gains during the US session, benefit by a weaker US dollar. The euro rebounded after falling to test May lows. The pair started to recover after the Bank […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.15 is moving to resistance at 95.5-95.6 on the 3-Day line, next week? EUR (Euro) 1.1574 tested to 1.155-1.153 Wednesday and has dipped to 1.156. While the single currency trades above 1.153, it might rise to 1.16 today. A clear break below […]

USD/EUR (EUR=X) bulls advances currently capped at 1.1600

USD/EUR (EUR=X) bulls advances currently capped at 1.1600

USD/EUR (EUR=X) bulls advances currently capped at 1.1600 The single currency is mostly trading sideways on Wednesday as EUR/USD is oscillating between the 1.1536 and the 1.6010 levels. On data-light Wednesday EUR/USD is mainly taking its cues from technical trading and the development from the US-China trade war. Earlier in the day, ECB (European Central Bank)’s President Mario Draghi and […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened . PE The US Dollar (.DXY) Index at 95.02 strengthened against most peers Tuesday marking a high 95.30. It could now move to 95.5-95.6 on the 3-Day lines, a break there targets 96 in here EUR (Euro) at 1.1584 fell Tuesday dipping below major support at 1.156 to see a low […]

USD/EUR (EUR=X) recovers further, still under 1.1600

USD/EUR (EUR=X) recovers further, still under 1.1600

USD/EUR (EUR=X) recovers further, still under 1.1600 Euro extended its recovery from weekly lows against the US Dollar but remains in negative. Price showing signals of consolidation but the overall tone still points to the downside. The EUR/SUD pair moved to the upside during the American session on the back of a retreat of the […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.596 see a dip to 94.5-94.4, followed by a rise to 94.6-94.7. This week see a move to 94.3-94.2, while it stays below resistance at 95.5. EUR (Euro) at 1.1634 moving to 1.165 and could test at 1.167 Tuesday before dipping to 1.162. Note: Last week […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.89 see a down-move in .DXY to 94.3-94.2, while it stays below resistance at 95. EUR (Euro) at 1.1585, support at 1.155 is holding in here. The single currency could test at 1.165 this week, while it trades above 1.155. USD/JPY at 110.44 tested at 110.9 […]

USD/EUR (EUR=X) Upside Terminated

USD/EUR (EUR=X) Upside Terminated

USD/EUR (EUR=X) Upside Terminated – 1.1510 in focus according to technical analysis – ECB’s Draghi in focus at Sintra central banking event – US Dollar will be eyeing US Fed’s Powell at same event The Euro slumped notably lower against the US Dollar last week after the European Central Bank quashed market hopes of an initial Eurozone interest […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: ECB’s policy stance turned out to be a mix of Hawkishness  and Dovishness. PE Related Story: Euro: Europe is a Failed State EUR (Euro) at 1.1564, the single currency saw its biggest intra-day fall since Dec ’16, as it fell from 1.185 to 1.156. Note: On the charts, it is testing important support on […]

Euro: Europe is a Failed State

Euro: Europe is a Failed State

Euro: Europe is a Failed State $EURUSD Euro selling extended into Asia on Friday after the European Central Bank said it would hold off hiking interest rates at least for another year, while equity traders were uneasy ahead of Donald Trump’s decision on whether to hit China with fresh tariffs. The single currency was hammered […]

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance After today’s ECB meeting, analysts from Danske Bank explained that it is the new time dependent rate guidance that is key for the euro. Key Quotes: “A short-lived knee-jerk move higher in EUR/USD on the QE end-date announcement but this quickly more than reversed as the rate guidance […]

USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018

USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018

USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018 EUR/USD will be restrained this summer by political risks in Italy. But can rise in second half of 2018 as ECB ends QE programme. Although forecasts suggest upside is more limited than before. The Euro-to-Dollar rate will be […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index 93.87 trades around the 93.4-93.8 during the last 3 sessions. Note: Tuesday, the US CPI met expectations did not have a Bearish impact on USD. The FOMC meet Wednesday will be important, as any sign of Dovishness could push .DXY down to 92.8-93.0. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.73 rose Monday and has seen 93.89 Tuesday, and now could move lower, targeting  93.0-92.8 this week. EUR (Euro) at 1.1766 has seen lows near 1.174 Tuesday, now looks like it could rise to 1.1875-1.1900 in this week, 1.19 is major resistance. USD/JPY at 110.24 turned Bullish, […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.43 could move South to 93. Support at 92.8-92.6 could be important, a clear break below that is the 1st sign of a Bearish .DXY ahead. EUR (Euro) at 1.1797 is likely to see a to 1.1875 in here, 1.19 could be important resistance, a clear […]

USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16

USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16

USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16 President Donald Trump’s opponents must be very upset – to their great disappointment, his economic policy brings positive results: the number of jobs in the US in 2018 grew by more than a million, the inflation reached the Federal Reserve’s target of 2%, the trade […]