Euro: USD/EUR (EUR=X) Softens The Euro initially tried to rally during the trading session on Monday, but then ran into a bit of trouble at the 1.11 handle. By pulling back from there, it shows signs of weakness, and it’s very likely that the market will continue to be very choppy in general, as it […]
Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data The Euro ceded ground to the Dollar and underperformed many major rivals last week although the charts suggest a further sell-off cannot be ruled out for the days ahead, which will also see the single currency tested by European Central Bank (ECB) rhetoric and IHS […]
Euro: USD/EUR (EUR=X) Strengthening the Correction For five consecutive trading sessions, the price of the EUR/USD pair is trying hard to strengthen the opportunity for an upward correction and break through the 1.1200 psychological resistance, but the pair gains did not exceed the 1.1163 level, despite the announcement of many important economic data and influential […]
Euro: USD/EUR (EUR=X) Continues To Consolidate The Euro initially tried to rally during the trading session on Tuesday but found the 200 day EMA to be a bit too restrictive to reach to the upside for any significant amount of distance. We also broke down but haven’t necessarily broken any support levels either. The 1.11 […]
Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence EUR/USD extended higher on Monday but the rally appears to have stalled at a moving average confluence. The latest inflation data from the United States will be released later in the session which should trigger volatility and ultimately indicate if the pair is to reverse lower from […]
Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week? The US dollar dominated the major currencies last week and the trade-weighted index (DXY) made a notable technical development. DXY had been trading in a range from the last week of December until the middle of last week but broke higher from the […]
Euro: USD/EUR (EUR=X) showing an attraction to the 1.12 handle The Euro rallied a bit during the beginning of the week, showing an attraction to the 1.12 handle. That’s an area that has offered resistance in the past, and we did in fact break down from there rather significantly. The 1.11 handle is what the […]
Euro: USD/EUR (EUR=X) Hangs Out At Fair Value The Euro has done nothing on Thursday as we await the jobs figures on the United States. This makes quite a bit of sense, because quite frankly at such a market moving event. Ultimately, this market is sitting just above the 50 day EMA bit more importantly […]
Euro: USD/EUR (EUR=X) forecast to stabilise following sharp fall Volatility in the Euro-to-Dollar exchange rate has spiked over the past 24 hours after the Dollar rose sharply in response to some better-than-forecast U.S. data, and in the process drove the EUR/USD down half a percent. Meanwhile, news of an Iranian retaliation against the U.S. in […]
Euro: USD/EUR (EUR=X) German Retail Sales Tops Expectations in December Retail sales in Germany rose 2.1% last month, beating out the analyst estimate for a rise of 1.1%. It was the first time the data beat expectations since the summer. Services data was also better than expected with German, Italian, and Spanish PMI data all […]
Euro: USD/EUR (EUR=X) Sinks on Rising German Joblessness The Euro US Dollar (EUR/USD) exchange rate fell by -0.3% today, with the pairing currently trading around $1.11 after December’s German Unemployment Change figure rose above forecasts to 8 thousand. Claus Vistesen, Chief Eurozone Economist at Pantheon Macroeconomics, was downbeat in his assessment, commenting: ‘A poor finish […]
Euro: USD/EUR (EUR=X) Manufacturing PMI data Softens in December The final reading of the Eurozone manufacturing PMI for December softened to 46.3 from 46.9 in the prior month. The figure was ahead of analysts’ expectations with the median forecast at 45.9. Chris Williamson of Markit, the company that produces the data, commented that despite the […]
Euro: USD/EUR (EUR=X) Needs to Hold 1.1209 to Sustain Short-Covering Rally The Euro finished higher against the U.S. Dollar on Tuesday as investors continued to express optimism in the growth prospects of the global economy amid the easing of tensions between the United States and China. Although the Euro is rising, it’s actually the weaker […]
Euro: USD/EUR (EUR=X) Struggles At Major Round Figure The Euro broke higher during the trading session on Monday, breaking above the 1.12 level momentarily. At this point, the market is likely to go back and forth in this area, and perhaps do very little due to the fact that New Year’s Day is Wednesday. However, […]
Euro: USD/EUR (EUR=X) Looking To Bounce The Euro has rallied a bit during the trading session on Thursday, bouncing from the 50 day EMA. The market has formed a couple of hammers ahead of this, but it is difficult to read too much into that as it would have been holiday trading. At this point, […]
Euro: USD/EUR (EUR=X) The ECB will release its monthly economic bulletin on Friday On the Macro It’s a particularly quiet week ahead on the economic calendar, with just 13 stats to monitor. In the previous week, 94 stats had been in focus. With many of the markets shut through the middle part of the week, […]
Euro: USD/EUR (EUR=X) Rallies Towards 200 day EMA The Euro has rallied a bit during the trading session on Monday but continues to struggle near the 200 day EMA. We have seen a massive selloff when we did try to break above the top of the 200 day EMA, and therefore it’s very likely we […]
Euro: USD/EUR (EUR=X) Volatility Likely to Slow Last week was an eventful one. The Conservative party secured a majority in the UK election and a major step forward was made in the US-China trade war. It resulted in a rise of volatility in EUR/USD which had been trading in unusually small ranges for the three […]
Euro: USD/EUR (EUR=X) reaching towards the 1.12 level to turn things around and show signs of exhaustion The EUR/USD pair continues to chop around, reaching towards the 1.12 level to turn things around and show signs of exhaustion. By doing so, it looks as if we may try to stay within this range but if […]
Euro: USD/EUR (EUR=X) A Week Filled with Risk Events After a period of unusually low volatility, EUR/USD is starting to come alive with several risk events to provide the markets a catalyst. Yesterday, the Federal Reserve monetary policy meeting drove EUR/USD above the 1.1100 handle for the first time since the early month. Policymakers kept […]
Euro: USD/EUR (EUR=X) might see a notable pickup in volatility After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. From a political standpoint, there are two major drivers for the markets this week. […]
Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China A Busy Week Ahead After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. […]
Euro: USD/EUR (EUR=X) continues to grind sideways The Euro has rallied a bit during the week but has also given back quite a bit of the gains to form a less than impressive candlestick. As we continue to grind sideways it suggests that the market is going to continue to show signs of exhaustion after […]
Euro: USD/EUR (EUR=X) Market Participants Await Friday’s NFP Report After a few market-moving data releases yesterday, the economic calendar is relatively light for EUR/USD until tomorrow. Friday’s US jobs report should trigger some volatility in the FX markets. EUR/USD prices attempted to push higher on Thursday after the ADP reported weaker than expected job growth. […]
Euro: USD/EUR (EUR=X) Data Refreshes Economic Growth Concerns PMI data out of Europe this week served as a reminder of slowing economic growth and set low expectations for the quarter. Manufacturing data that was released yesterday continued to show a contraction in most European countries. Services data, which were released today, provided little encouragement. Services […]
Euro: USD/EUR (EUR=X) Stalls During The Session The Euro went back and forth during the trading session on Tuesday, as we continue to dance around the 1.11 level. This is an area that has been both support and resistance as of late, so don’t be surprised at all to see this market go back and […]
Euro: USD/EUR (EUR=X) stuck in consolidation The Euro initially gapped higher to kick off the trading session on Monday, but then pulled back to test the crucial 1.10 level. By doing so, it has shown significant strength but quite frankly at this point I think we are essentially stuck in consolidation. This is the normal […]
Euro: USD/EUR (EUR=X) constrained by German politics, U.S. decision on ‘DST’ tax The Euro was little changed for the week on Friday after a last minute rally averted the prospect of a close below the key 1.10 level, but the exchange rate is at risk of fresh declines in the days ahead, according to the […]
Euro: USD/EUR (EUR=X) Volatility to Slow for Remainder of Week With the Thanksgiving holiday, it is like the markets will see a further slowing of volatility in the second half of the week. I suspect intraday traders will continue to fade extreme moves and that the pair will look to close the week out not […]
Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain “EUR/USD short-term technicals: Neutral – Yesterday’s euro downswing ran into important support just above the 1.1000 psychological barrier with the common currency bouncing back in a rather unspectacular fashion from its seven-session low of 1.1004. A move below 1.1000 […]
Euro: USD/EUR (EUR=X) catching a bit of a bounce with 1.1000 support in close vicinity US Consumer Confidence Figures Can Trigger Some Volatility The week ahead is expected to be a slow one volatility wise. This is mostly because of the Thanksgiving holiday in the second half of the week that will have many traders […]
Euro: USD/EUR (EUR=X) Further Decline in Volatility Appears Likely EUR/USD ranges in the past two weeks have been much more narrow than usual, and with the Thanksgiving holiday in the week ahead, this trend may continue. Last week, EUR/USD prices fluctuated about 83 pips from high to low. The week before, it was a mere […]
Euro: USD/EUR (EUR=X) price consolidation The Euro has been somewhat lackluster during the trading session on Friday, going back and forth in very undecided mannerisms. With this, it looks as if we are simply killing time trying to figure out where to go next. I believe that the 1.11 level is going to continue to […]
Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results Despite the Federal Reserve continuing to indicate that it will keep US monetary policy paused for the time being, the Euro to US Dollar (EUR/USD) exchange rate is still steadily climbing today. The Euro (EUR) is benefitting from US Dollar (USD) weakness. Since opening this week […]
Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar The greenback is gaining some upward momentum in early day trading on Wednesday. Whether it will sustain this move is likely to be determined by the minutes from the last Fed meeting which will be released later in the day. I’m noticing something a bit peculiar […]
Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal The Euro US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.106 after investors have become increasingly cautious due to a lack of progress on the US-China trade front. Robert Carnell Chief Economist and Head of Research at […]
Euro: USD/EUR (EUR=X) Approaches a Major Barrier Following a momentum-driven decline in the early part of the month, EUR/USD has gained some ground and is recovering on the back of some broad-based dollar weakness. However, I think the pair will struggle to cross a major barrier that falls at 1.1072. If it fails to do […]
Euro: USD/EUR (EUR=X) main trend is down according to the daily swing chart The Euro closed higher against the U.S. Dollar on Friday as renewed optimism over a near-term trade deal between the United States and China bolstered the trade-linked single-currency. Those hopes were generated by upbeat comments from White House economic advisor Larry Kudlow, […]
Euro: USD/EUR (EUR=X) Economic Data has been Improving The forex economic calendar has been light for the Euro in recent days, not atypical once we make it past the first few days of the month. Overall, Eurozone economic data has been steadily improving over the past few weeks, at least when trying to measure releases […]
Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open Euro has plummeted against the US Dollar since the start of the month with price falling to multi-week range-lows today in New York trade. While the broader focus is still weighted to the topside, the near-term outlook remains vulnerable after reversing off […]
Euro: USD/EUR (EUR=X) showing signs of short-term weakness The Euro pulled back a bit during the session on Monday to show signs of short-term weakness. The question now is whether or not it can continue to take the move higher. The Euro has pulled back slightly during the trading session on Monday, to show signs of […]
Euro: USD/EUR (EUR=X) to be moved by opinion polls and BOE meeting The Euro to Dollar exchange rate is trading at around 1.1165 at the start of the new week after rising 0.77% in the week before. Studies of the charts show the pair probably resuming its short-term uptrend after a brief pull-back. The daily […]
Euro: USD/EUR (EUR=X) showing signs of exhaustion The Euro initially tried to rally during the trading session on Thursday but struggled at the recent highs again, turning around to show signs of exhaustion. By doing so, it looks as if the market isn’t ready to go higher anytime soon, as the 200 day EMA looms large […]
Euro: USD/EUR (EUR=X) Sellers Take a Swing, Find Fibonacci Support With the late-showing of USD strength during the accompanying press conference EUR/USD sellers began to push-lower on the chart. Support soon showed at a familiar level around 1.1082, which is the 38.2% Fibonacci retracement of the June-October bearish move. The lower-highs that have shown over the past […]
Euro: USD/EUR (EUR=X) support near the 1.1075 level as we continue to go back and forth The Euro has initially fallen during the trading session on Tuesday, showing signs of weakness yet again, but we have a move higher that has shown that the market is ready to continue to go back and forth. The market […]
Euro: USD/EUR (EUR=X) potentially running into resistance The Euro rallied a bit during the early part of Monday but continues to see a lot of resistance just above. In fact, the 1.11 level is now going to offer a bit of resistance potentially, and if that’s going to be the case it’s likely that the […]
Euro: USD/EUR (EUR=X) to extend higher following a pull-back The Euro-to-Dollar rate is trading at around 1.1079 at the start of the new week after falling 0.81% in the week before. Studies of the charts continue to show the pair in a short-term uptrend, however, which is favoured to extend albeit through tough resistance which […]
Euro: USD/EUR (EUR=X) dipped initially but has failed to hang onto the losses The Euro has broken down during the trading session on Wednesday, reaching below to the 1.11 handle. This is an area that cost a bit of support though, and the candlestick is starting to look rather bullish. However, I don’t necessarily think that it […]
Euro: USD/EUR (EUR=X) seeing some mild selling pressure EUR/USD settled slightly lower on Monday to end a four consecutive day rally. The pair is seeing some mild selling pressure and is nearing an important support confluence. EUR/USD has had an impressive gain in October thus far, aided by demand for Sterling as the odds of […]
Euro: USD/EUR (EUR=X) currently a bit overstretched The Euro did very little during the day on Monday, as we continue to grind back and forth. The market is currently a bit overstretched, so I would not be surprised at all to see a bit of a pullback coming. The Euro has been relatively quiet during the day […]
Euro: USD/EUR (EUR=X) o be moved by PMI data The Euro-to-Dollar rate is trading at around 1.1182 at the start of the new week after rising 2.61% in the week before. Studies of the charts are showing the short-term uptrend is likely to extend although the approach of a key trendline raises the risk of […]
Euro: USD/EUR (EUR=X) continues to build on the back of progress on the Brexit and US-China trade war fronts There’s no denying that the news wire has been a source of optimism for the Euro thus far in October. Last week, the news that Eurogroup finance ministersstarted a “rainy day fund” began to turn the tides. […]
Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X) Price action in the FX markets on Tuesday provided a glimpse of which currencies are likely to see a reaction based on how things progress with reaching a Brexit deal. Since last week, the British pound has been firmly bid and was last seen trading […]
Euro: USD/EUR (EUR=X) Rally Stalls Last week EUR/USD rallied above an important technical resistance confluence that I’ve talked about in my last few daily forecasts. At this point, it will be important to asses whether the breakout is real, or just a trap for buyers. One important aspect is assessing technical developments is the longer-term trend. For […]
Euro: USD/EUR (EUR=X) still in a downtrend The Euro has done very little during the trading session on Monday, as the market is sitting at the 50 day EMA. This is obviously an area that is going to cause some issues, as market participants are looking at both the technical analysis and wondering exactly what just […]
Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production The Euro-to-Dollar exchange rate is trading at around 1.1035 at the start of the new week after rising 0.27% in the week before. Studies of the charts are showing the potential for more upside in the short-term dependent on a break to new highs. […]
Euro: USD/EUR (EUR=X) rebound hits resistance and stalls The Euro-to-Dollar rate’s recovery has hit a roadblock and is stalling. There is now a risk the pair could start to move lower again. EUR/USD had been rising during the first week of October after posting new trough lows of 1.0879 on October 1. Yet that recovery […]
Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower The Euro continues to find the 1.10 level very resistive on an almost daily basis, as we had seen a lot of selling pressure just above there, and now are forming the fourth candlestick in a row that has a long […]
Euro: USD/EUR (EUR=X) Attempting to End Four Day Winning Streak EUR/USD rose in a recovery last week but was met with a hurdle of resistance late in the week near the 1.1000 handle. The pair is under a bit of pressure in early trading on Monday and is on pace to end a four consecutive […]
Euro: USD/EUR (EUR=X) to be moved by German data The Euro-to-Dollar exchange rate is trading at around 1.0976 at the start of the new week after rising 0.33% in the week before. Studies of the charts are showing the potential for marginal upside in the short-term followed by a mixed outlook thereafter. The new short-term […]
Euro: USD/EUR (EUR=X) holds firm after losses The Euro bounced a bit during the trading session after initially falling on Wednesday, as we continue to see the 1.09 level attracted a lot of attention. That being said though, part of this could have been exacerbated by the ADP report coming in slightly soft in the […]
Euro: USD/EUR (EUR=X) fell to fresh two-year lows Euro fell to fresh two-year lows against the US Dollar today before rebounding with the broader decline in question heading into the start of October trade. Technical Outlook In my previous Euro Price Outlook we noted that, “Euro turned from downtrend resistance last week and the focus is on a test of key […]
Euro: USD/EUR (EUR=X) continues steady decline The Euro-to-Dollar exchange rate is trading at around 1.0940 at the start of the new week, after falling 0.70% in the week before. Studies of the charts are showing the short-term trend is vulnerable to continuing lower. The daily chart shows the longer-term downtrend and how recent weakness could […]
Euro: USD/EUR (EUR=X) weak growth outlook weighs on the single currency The Euro fell to a more than two-year low against the U.S. Dollar on Friday as a weak growth outlook weighed on the single currency. However, a drop in Treasury yields late in the session drove the greenback lower, triggering a short-covering rally into […]
Euro: USD/EUR (EUR=X) trying to bounce from Lows The Euro has initially pulled back during the trading session on Thursday but has bounced a bit as the Americans came on board. At this point, it’s not necessarily something that you can jump into, but it is something that you should be looking at as an opportunity […]
Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September The Conference Board reported a drop in the Consumer Confidence Index to 125.1 in September, down from 134.2 in the prior month. The figure fell short of the analyst estimate of 134.1 although the release did not have much of an impact on the dollar. EUR/USD […]
Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off The Euro-to-Dollar rate keeps grinding lower and rallies in the Euro provide a good opportunity for traders to buy the U.S. currency at a relatively cheap price before it appreciates further, shows research by Richard Perry, a market analyst at Hantec Markets. Analysing the EUR/USD pair, Perry […]
Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation The Euro initially rallied during the trading session on Monday and then ended up breaking below the 1.10 EUR level. By doing so, it shows a continuation of the overall choppy and difficult situation. The Euro initially tried to rally during the trading session on […]
Euro: USD/EUR (EUR=X) consolidating The Euro market rallied during the trading session on Thursday, reaching towards the top of the short term range. The 50 day EMA above is painted in red, and it should continue to offer a lot of resistance. The shooting star from several days ago continues offer a major barrier, so that being […]
Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision Today’s Euro US Dollar (EUR/USD) exchange rate has slumped, with the pairing currently trading at around $1.1045. The US Dollar (USD) edged up this morning ahead of the US Federal Reserve meeting in which the central bank is expected to cut interest rates by 25 […]
Euro: USD/EUR (EUR=X) on the rise The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). It has been reported that Saudi Arabia’s oil output should return to normal faster than anticipated. This improved improved the market sentiment and sent USD down and EUR/USD up. […]
Euro: USD/EUR (EUR=X) rebounds of down-trend resistance Euro reversed off downtrend resistance against the US Dollar last week with decline now testing monthly open support. The immediate focus is on a breakout of last week’s range – these are the updated targets and invalidation levels that matter on the EUR/USD price chart. Technical Outlook In this month’s Euro Weekly Price Outlook we noted […]
Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures Both the Euro and US Dollar were fairly volatile last week, driven by shifts in global trade sentiment as well as the latest central bank news and speculation, but the Euro to US Dollar (EUR/USD) exchange rate ultimately closed the week fairly closely to its opening […]
Euro: USD/EUR (EUR=X) Potential For a Range Break Ahead of ECB Meeting EUR/USD is declining with momentum in early trading on Wednesday as the dollar is attempting to break to a one week high. The US Dollar index (DXY), similar to EUR/USD, has been consolidating within a range for the past week. However, the index was […]
Euro: USD/EUR (EUR=X) downtrend to probably continue The Euro-to-Dollar rate is trading at around 1.1024 at the start of what promises to be a busy week for the pair owing to a crucial decision at the European Central Bank. While the ECB should provide volatility on Thursday, our technical studies of the charts are showing the […]
Euro: USD/EUR (EUR=X) central bankers from around the world are discussing monetary policy, will have a massive effect on where things go next The Euro went back and forth during trading on Thursday as we continue to see a lot of noise just below the 1.11 handle. That being the case it looks as if the […]
Euro: USD/EUR (EUR=X) continue to see the 1.11 EUR level attract a lot of attention The Euro has gone back and forth during the trading session on Wednesday, as we continue to see the 1.11 EUR level attract a lot of attention. Ultimately, this is a market that remains negative longer term, so I look at […]
Euro: USD/EUR (EUR=X) Rate Flat as Italian PM Conte’s Possible Resignation in Spotlight The Euro US Dollar (EUR/USD) exchange rate held steady at $1.107 today, as Italian Prime Minister Giuseppe Conte may face removal as Deputy Prime Minister, and leader of the League, Matteo Salvini could push for a no-confidence vote in the Government. As […]
Euro: USD/EUR (EUR=X) potential for return back down to 2019 lows The Euro-to-Dollar rate is trading at around 1.1088 at the start of the new week, after falling 0.97% in the week before. Studies of the charts are showing the short-term trend has flipped again and probably begun to decline, and this suggests more downside […]
Euro: USD/EUR (EUR=X) Plagued by US-China Trade Tensions and Recession Fears The US Dollar (USD) also began the week down against many of its peers as US-China trade tensions weighed on sentiment in the ‘Greenback’. Economists at Goldman Sachs also commented that the US economy could face a recession if the superpowers fail to concede […]
Euro: USD/EUR (EUR=X) trading near weekly lows as the ECB might be getting ready for more stimulus On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier in the New York session, the US Retail Sales Control Group came in better-than-expected at 1% […]
Euro: USD/EUR (EUR=X) Choppy As Recession Indicators Flash Red The Euro to US Dollar (EUR/USD) exchange rate has had a turbulent few sessions to say the least with price action – albeit confined to a $1.116 to $1.124 range – choppy over the last week amid mixed economic signals from both the US and Eurozone […]
Euro: USD/EUR (EUR=X) possible headwinds ahead German services PMI slowed to 54.5 in July, down from 55.8 a month earlier. The eurozone indicator also lost ground, falling from 53.6 to 53.2. Germany’s industrial numbers were mixed. Factory orders jumped 2.5% in June, rebounding from a decline of 2.2% in May. However, industrial production posted a […]
German investor confidence hit its lowest ebb in almost eight years in August, a survey by the ZEW institute showed Tuesday, sapped by trade and currency wars and the threat of a no-deal Brexit. The Mannheim-based researchers’ monthly barometer measuring investors’ economic expectations for Europe’s powerhouse economy plunged 19.6 points, to -44.1. That was far […]
Euro: USD/EUR (EUR=X) ‘Stuck’ in key price zone The early month dramatics in EUR/USD have calmed over the past week. As that burst of USD-weakness showed up on the back of additional tariffs on China (less than 24 hours after FOMC), EUR/USD burst up from fresh two-year-lows to run all the way up to a key zone on the […]
Euro: USD/EUR (EUR=X) appears that the pair is attempting yet another bottoming effort Several bottoming efforts in recent months have failed to produce a meaningful turn in EURUSD: the bullish falling wedge entering 2019; the bullish falling wedge between January and May; and the rising channel between May and July. Despite EURUSD hitting a fresh […]
Euro: USD/EUR (EUR=X) Mixed Signals Just when it seemed like a bit of clarity had finally emerged in Euro technical positioning, a sharp recovery from support above the 1.10 figure has muddied the waters anew. The move pointedly undid an earlier break below a long-standing support shelf in the 1.1107-16 area, which seemed to signal bearish trend […]
Euro: USD/EUR (EUR=X) trade war and risk of currency conflict threaten global economy The Euro reversed its earlier course and drifted lower on Tuesday as the Dollar rebounded from its previous slump but the exchange rate is still being tipped as a sell by strategists at TD Securities, who say the single currency is likely to […]
Euro: USD/EUR (EUR=X) bounce finds resistance Similar to the backdrop on USD, differing approaches could be attractive on EUR/USD based on timeframes employed. From a swing perspective, prices found resistance at a key zone that runs from 1.1248-1.1262. This zone had come into play as resistance in the month of May and helped to catch today’s swing-high. […]
Euro: USD/EUR (EUR=X) Extends Recovery The Euro to US Dollar exchange rate extended its recovery as Monday’s European session progressed with the single currency last seen trading up 0.61% at $1.11742, after posting a session high just above $1.118. Monday’s data releases out of the bloc left much to be desired – with the services […]
Euro: USD/EUR (EUR=X) continues to drive towards the 1.10 level The Euro broke down a bit during the trading session on Thursday again, as we continue to see US dollar strength pick up. The Federal Reserve has suggested that it is more or less in a “wait-and-see mode” when it comes to interest rate cuts, and […]
Euro: USD/EUR (EUR=X) Eurozone Q2 GDP reported slightly higher than the consensus estimate of around 1.0% Healthy 1.1158 resistance handle continued to restrict the pair’s upside even today. The EUR/USD pair had remained almost muted since July 23. However, the bulls attempted to test the 1.1158 resistance in the European trading session. Anyhow, the aforementioned resistance, in […]
Euro: USD/EUR (EUR=X) continues to look for buyers on short-term dips The Euro looks likely to be choppy and a bit listless heading into the trading session on Wednesday, as we await the Federal Reserve and its interest rate decision. If we do in fact get an interest rate cut, that should help the Euro […]
Euro: USD/EUR (EUR=X) remained under pressure against a strengthening USD There was plenty of volatility to start the week as FX markets showed an unusual amount of movement. Japanese retail sales beat expectations, but the Nikkei 225 was not impressed, falling 0.6%, while the JPY gained in a noticeably risk-off period of trade. Cryptocurrency markets […]
Euro: USD/EUR (EUR=X) to take cue from GDP data The main release in the week ahead for the Euro will be GDP data for the second quarter which is expected to have grown by 0.2% in Q2 and 1.0% compared to a year ago. GDP above inflation, that is. Such a result would be in […]
Euro: USD/EUR (EUR=X) selling to possibly extend into the bottoms at 1.1116 and 1.1107 The Euro is trading nearly flat against the U.S. Dollar early Thursday, well ahead of the European Central Bank’s (ECB) interest rate and monetary policy decisions at 11:45 GMT and ECB President Mario Draghi’s Press Conference at 12:30 GMT. The single-currency […]
Euro: USD/EUR (EUR=X) Tumble on Highly Concerning German Data The shared currency has been unable to benefit from weakness in rivals as the US Dollar (USD) recovers from fears of an aggressively dovish Federal Reserve, and the currency has not found much support in recent Eurozone data either. Rather than show any fresh signs of resilience […]
Euro: USD/EUR (EUR=X) Dips Below 1.1200 Handle After consolidating within a range for just over a week, EUR/USD is under pressure in early trading on Tuesday, and has fallen below the 1.1200 handle. The pair appears to be targeting stops set below the mid-June low. In the middle of June, the pair was supported by a horizontal […]
Euro: USD/EUR (EUR=X) Focus Shifts Away from US Monetary Policy this Week Last week, EUR/USD saw some rather volatile swings as several Fed members shared views on their latest stance. So far, a majority of FOMC members do appear to favor easing policy next week. The notable exception was Fed member Rosengren who stated he would rather […]
Euro: USD/EUR (EUR=X) eyes ECB decision as the USD faces GDP data The Euro-to-Dollar rate is set to begin trading around 1.1220 at the start of the new week after gaining half a percent by last Friday’s close, although the charts argue for more range-bound trading from the single currency in the days ahead. The […]
