Euro: USD/EUR (EUR=X) Unlikely to Rise Above $1.15 The buoyed up sentiment on international financial markets is spilling over into forex rates, with some huge currency moves in recent weeks. The three traditional safe-haven currencies, Swiss franc, United States dollar and particularly the yen have come under significant selling pressure. The euro has been a […]
Euro: USD/EUR (EUR=X) Expect Some Profit Taking There were limited moves on FX markets yesterday despite a positive risk scene. Sterling softened slightly but there was no standout reason for this and its main pairs remained well within their recent trading ranges. In level terms, this is often mirrored in EUR/GBP opening this morning close […]
Euro: USD/EUR (EUR=X) Extends Bull Run Ahead of the ECB Rate Decision Safe haven currencies were on the back foot yesterday, with both the dollar and also the yen coming under some downward pressure, as risk appetite continued to improve. Ongoing optimism amongst market traders surrounding the re-opening of economies was the main driver of […]
Euro: USD/EUR (EUR=X) Continues to March Higher at $1.11 The greenback remained somewhat on the back foot yesterday, possibly reflecting the impact of month end flows. while risk appetite has eased modestly within the past 24 hours, the improvement in sentiment evident on markets since Monday has also been a factor behind the softer greenback […]
• USD steady in quiet trading with US and UK markets closed.• CAD leads G10 but remains firmly range-bound.• EUR trades around 1.09 ahead of EU relief fund proposal.• GBP unchanged despite Brexit and political tensions.• JPY modestly lower as stocks gain.• AUD little change in low 0.65s on limited price action.• MXN leads majors […]
Euro: USD/EUR Shifts Focus to Chair Powell’s recent appearances After Monday’s robust improvement in market sentiment, there was an additional cautious tone to proceedings yesterday. This was evident in most of the major equity indices finishing the day with some modest losses. On the currency front, major pairs are confined to fairly tight ranges over the past twenty four hours. One reason for the muted market action […]
Euro: USD/EUR (EUR=X) Positive Mood on Markets After last week’s generally risk averse mood, risk appetite started this week on a stronger footing. Sentiment was aided by encouraging early results from a Covid-19 vaccine trial, as well as by a further easing of restrictions in some countries. Expectations of additional stimulus from central banks also […]
The decline of 11.3% on the month is massive, but April will be even worse. Large differences between countries are showing, with some even posting increases After all the eurozone manufacturing sector had been through in the past two years, things were starting to look up at the start of 2020. The coronavirus lockdown therefore comes as a […]
Euro: USD/EUR (EUR=X) has made some modest gains Despite a relatively quiet macro data and event schedule yesterday, we did some action on currency markets. This was mostly in the form of the euro spending much of the day on a gradual upward trajectory. The gains for the euro over the past 24 hours are […]
Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell The Euro reversed to the upside late Friday as investors, cautiously optimistic about the results of a drug trial and President Donald Trump’s plan to reopen the economy, regained some appetite for risk and in the process took profits in the U.S. Dollar ahead of […]
Euro: USD/EUR (EUR=X) at fresh weekly lows and bearish, break below 1.0800 likely A decisive positive candle got the EUR/USD rally back on track yesterday. The thin volume of the Easter trading period questioned the strength of the near term recovery. However, the bulls fought back really well yesterday in a move which is now […]
Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday The euro moved off session lows against the dollar on Wednesday, amid reports Germany, the economic powerhouse of Europe, plans to reopen parts of its economy as soon as Monday. “We have achieved a fragile intermediate success, but we don’t have […]
Euro: USD/EUR (EUR=X) investors move away from the greenback The American currency remained the weakest this Tuesday, leading EUR/USD to advance to 1.0984, its highest in almost two weeks. The market mood began improving during the Asian session, as China published its March Trade Balance, which posted a surplus of $19.9B, better than anticipated, with […]
Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week The Euro received a last minute leg-up ahead of the holiday weekend after Eurogroup finance ministers agreed on a fiscal support package for the bloc’s economies, although it’s facing immediate resistance on the charts and technical analysts say it could now range-trade for a while. […]
Euro: USD/EUR (EUR=X) Looking for Footing The Euro has pulled back a bit during the trading session on Wednesday, but then found enough support at the 1.08 level to turn things back around to form a bit of a more bullish candle than initially thought. However, it should be kept in the back of your mind that […]
Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand The dollar has had a relatively strong relationship with the equity markets as of late. The sharp decline in the stock market in March led investors to move to cash positions which led to a rally in the dollar index (DXY) to highs not seen […]
Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety Financial markets were in a better mood this Monday, amid some encouraging news related to the coronavirus pandemic. According to the latest data available the contagion curve and the death toll seem to be flattening in Italy, Spain and New York, the three […]
Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week The Euro unwound almost all of its late March rebound against the Dollar last week and the charts are warning of more losses ahead, although weekend confirmation of a broad slowdown in the continental spread of coronavirus could lift risk appetite over the […]
Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days EUR/USD trades to a fresh weekly low (1.0821) ahead of the US Non-Farm Payrolls (NFP) report, and the exchange rate may continue to exhibit a bearish behavior over the coming days as it extends the series of lower highs and lows from […]
Euro: USD/EUR (EUR=X) Plunges The Euro has broken down significantly during the trading session on Wednesday, breaking through the 1.10 level and then breaking through the bottom of the candlestick from the previous session. That of course is a very negative sign, but I think we are probably going to see a lot of back and forth […]
Euro: USD/EUR (EUR=X) sharply lower EUR/USD turned sharply lower yesterday which could be the first step in a trend reversal after a nearly 5% gain from last week’s low. The pair was weighed by a strong dollar as the greenback is seen broadly recovering against the major currencies after a notable fall last week. Home sales […]
Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious The euro was a relative underperformer yesterday in the FX market, taking EUR/USD’s price back below its 200-day moving average and broke below its weekly support level before partially, testing conformist breakout strategies at the very start of the week. The news thus far hasn’t been […]
Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness The EUR/USD pair has retaken the 1.1000 threshold this Thursday, extending its intraday advance to 1.1044. The rally was the result of persistent dollar’s weakness, as the American currency edged lower against all of its major rivals, despite sentiment fluctuated throughout the day. Asian […]
Euro: USD/EUR (EUR=X) Limited Bullish Potential EUR/USD consolidates as the Federal Reserve ramps up its effort to support the US economy, but the exchange rate may continue to give back the advance from the 2017 low (1.0340) as the US Dollar benefits from the flight to safety. EUR/USD REBOUNDS AS FED PLANS TO PURCHASE CMBS BUT WILL IT […]
Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It Fretting investors blindly bought the greenback this Wednesday, with major currencies plummeting to multi-year and even multi-decade lows against their American rival. The EUR/USD pair attempted to regain the 1.1000 figure but finally collapsed to 1.0807, approaching this year low at 1.0777. Despite governments […]
Euro: USD/EUR (EUR=X) All Over the Place The Euro initially tried to rally during the week but found the 1.15 level to be too much. As we turned around to show signs of exhaustion, we break down below the 200 week EMA and it does certainly look market is trying to reach down towards the 1.10 level […]
Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut The Euro initially tried to rally during the trading session on Thursday, but then fell below the 1.1250 level, only to bounce again during the announcement and then sell off again. The Euro continues to look a bit overvalued, but with Christine Largarde failing […]
Euro: USD/EUR (EUR=X) Prepares for Uptrend after ABC Flat Correction The Euro rapidly rose to levels not seen in more than a year at the open this week but has eased lower to pare gains and to close the weekly gap. The session ahead might see EUR/USD holding within a range, ahead of tomorrow’s ECB […]
Euro: USD/EUR (EUR=X) – Dollar Bulls Encouraged By Fiscal Stimulus Prospects It was a volatile start to the week but the markets have settled as President Trump shifted to a proactive stance towards the Coronavirus. Trump, who had previously been criticized by media outlets for taking a relaxed view towards the virus, said in a […]
Euro: USD/EUR (EUR=X) Explodes To The Upside The Euro has gapped higher to kick off the trading week, reaching towards the 1.15 level, as the US dollar is getting hit due to the fact that the Federal Reserve is one of the few places that can cut its interest rates with any type of significance. […]
Euro: USD/EUR (EUR=X) Pullback in Uptrend After Hitting 1.12 The markets don’t seem to think a 50-basis point rate cut is sufficient and are considering the possibility of another rate cut from the Federal Reserve at the scheduled meeting in just under two weeks. The Fed delivered an emergency rate cut earlier this week in […]
Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty The Euro has been overbought for some time, although there are fundamental shifts in perception when it comes to central bank actions. In other words, the Federal Reserve is expected to cut rates, and they certainly have more room to move than the European Central Bank does. The […]
Euro: USD/EUR (EUR=X) Downside Risks Emerge as Risk Appetite Creeps In The euro benefited from a shift to risk aversion and a weaker dollar last week as the markets continued to aggressively price in a rate cut in the United States. Fed Chair Powell, in a statement on Friday, confirmed that the policymakers will act […]
Euro: USD/EUR (EUR=X) Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883 The Euro rose against the U.S. Dollar on Friday as investors continued to increase bets on a sooner-than-expected rate cut by the U.S. Federal Reserve. The European Central Bank (ECB) is also expected to make a rate cut later in the year, but […]
Euro: USD/EUR (EUR=X) continues to push higher EUR/USD continues to push higher in a recovery that began last week and has erased about a third of the losses from the decline that began at the start of the month. The pair has been posting a bulk of its gains during North American trading hours as […]
Euro: USD/EUR (EUR=X) Little Changed As Equities Plunge An escalation in Coronavirus fears has led to a plunge in the global equity markets while safe-haven assets such as gold and bonds are firmly bid. The currency market is not reacting all that much to the sudden shift to risk aversion and volatility in FX is […]
Euro: USD/EUR (EUR=X) Decline Pauses The euro has been under a significant amount of pressure in the month thus far and has declined over two and a half percent against the greenback. EUR/USD has only posted one positive session over the last 12 and trades at lows not seen since early 2017. Economic sentiment in […]
Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low EUR/USD posted a second consecutive weekly loss and fell to levels not seen since April 2017 last week. The euro was the weakest among the majors and a divergence is seen in the dollar index (DXY). The trade-weighted dollar index and EUR/USD typically carry a strong inverse relationship. […]
Euro: USD/EUR (EUR=X) continues to fall The Euro has broken down significantly during the week, slicing through the 1.09 level, an area that should have held significantly. That being said though, with the ECB looking to do more buybacks when it comes to bonds, it makes sense that the Euro continues to fall against what […]
Euro: USD/EUR (EUR=X) Downside Pressure The EUR/USD exchange rate may have found a near-term floor as a notable support level triggered a bounce yesterday to end a prior six-day bearish streak. Tuesday’s gain was a small one and further price action will reveal if the pair is setting up for a recovery after a sharp […]
Euro: USD/EUR (EUR=X) Weakness Continues The euro has started the week out on a negative note, declining against all of the major currencies. A boost in risk sentiment is weighing on the exchange rate as Coronavirus fears have subsided and popular US equity indices rallied to record highs. The price action over the last week […]
Euro: USD/EUR (EUR=X) nice selling opportunity above near the 1.10 level The Euro has initially fallen during the trading session on Friday, but there has been a significant amount of recovery late in the day as traders go home for the weekend. That being said, this could set up a nice selling opportunity above near […]
Euro: USD/EUR (EUR=X) Bounces From Major Level The Euro has initially fallen during the week, but then found enough support at the crucial 1.10 level to turn things around and show signs of life again. This is a currency pair that is struggling to deal with two central banks that are both very dovish at […]
Euro: USD/EUR (EUR=X) continues to trade in a fairly tight range With concerns over the Coronavirus mounting this week, risk assets have seen volatile price swings while the euro has been little changed against the greenback. The currency pair found a floor yesterday after a brief dip below the psychological 1.1000 handle but continues to […]
Euro: USD/EUR (EUR=X) remains under pressure The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve. And more gains are possible given the apparent strength of the U.S. economy. A closely-watched measure of U.S. […]
Euro: USD/EUR (EUR=X) Looking For Support The Euro has been all over the place during the trading session on Monday, as traders trying to parse whether or not global demand is going to continue to slump, perhaps due to the coronavirus and China, which is the latest headline that a lot of the media is […]
Euro: USD/EUR (EUR=X) Looking For Support The Euro has been all over the place during the trading session on Monday, as traders trying to parse whether or not global demand is going to continue to slump, perhaps due to the coronavirus and China, which is the latest headline that a lot of the media is […]
Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish The Euro has initially tried to rally during the trading session on Thursday but gave back the gains in order to break down below the 1.1075 handle and reach even further. That being said, this is a market that looks like it’s trying […]
Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release A recovery attempt in EUR/USD on Tuesday was quickly met with sellers on an approach to 1.1120 and the pair has since given back gains and posted a fresh three-week low. Volatility stands […]
Euro: USD/EUR (EUR=X) Treading Water Through January The Euro has had a modestly positive start to January. Attention remains away from the Eurozone thanks to shifts in key macro themes, namely the US-China trade war Phase 1 deal, US-Iranian geopolitical tensions, the Brexit deadline, and now the Chinese coronavirus. The Euro has gained ground against […]
Euro: USD/EUR (EUR=X) 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) 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 […]