$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1763 Euro News EUR/USD continues to trade above the 20 EMA at 1.1840 as the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index continues its attempts to get below the strong support level at 92.80. In case the U.S. Dollar Index […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1847 Euro/US Dollar Exchange Rate Today’s Forex Rates Economic Events Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 1.20. The projected lower bound is: 1.17. The projected closing price is: 1.19. Candlesticks A black body occurred (because prices closed […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1845 Euro News With less than 50 days to go until the US presidential election, markets are tensing up ahead of the first debate between Democratic nominee Joe Biden and President Donald Trump on September 29. According to data from RealClearPolitics, the spread between the […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1753 Euro News The US Dollar was bearish against most of its major pairs on Wednesday with the exception of the CHF and EUR. On the US economic data front, the Mortgage Bankers Association’s Mortgage Applications declined 2.5% for the week ending September 11th, compared […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1863 Euro News The Euro has rallied a bit during the trading session on Monday again, but still faces significant headwinds near the 1.19 level. As you can see of the last couple of sessions, every time this market has gotten close to that level it has […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1890 Euro News The Euro has rallied a bit during the trading session on Monday again, but still faces significant headwinds near the 1.19 level. As you can see of the last couple of sessions, every time this market has gotten close to that level it has […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1846 Euro News The Euro to Dollar exchange rate went almost nowhere last week as Sterling’s losses, weakness in stock markets and European Central Bank (ECB) currency concerns scuppered Europe’s unified unit, which was last seen swimming out into deep water with ball and chains around both […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1836 Euro/US Dollar Exchange Rate Today’s Forex Rates Euro/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 1.20. The projected lower bound is: 1.17. The projected closing price is: 1.18. Candlesticks A white body […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1777 Euro News The Euro to Dollar rally could be over and an Autumn capitulation that takes it back below 1.15 can’t be ruled out the entire time that Brexit trade talks are headed for the rocks and the European Central Bank (ECB) remains concerned about strength […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1800 Euro News The Euro to Dollar exchange rate almost came undone last week and is widely expected to remain on the defensive ahead of Thursday’s policy decision from the European Central Bank (ECB), which has voiced concerns about the single currency’s strength and could now attempt […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1846 Euro/US Dollar Exchange Rate Today’s Forex Rates Euro/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 1.20. The projected lower bound is: 1.17. The projected closing price is: 1.19. Candlesticks A black body […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1804 Euro/US Dollar Exchange Rate Today’s Forex Rates Euro/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 1.20. The projected lower bound is: 1.17. The projected closing price is: 1.18. Candlesticks A black body […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1921 Euro Outlook The euro neared the $1.20 mark on Monday after it scaled another 28-month high and the dollar slipped to a multi-year low as investors bet the Federal Reserve’s policy framework meant U.S. rates would stay low for longer. The euro reached $1.1997 […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1956 Euro Outlook EUR to USD analysis shows that the pair could be preparing to rally towards the 1.2200 level. Bulls need to break above the 1.1965 level to stage the next major push higher. Euro/US Dollar Exchange Rate Today’s Forex Rates Euro/US Dollar FX […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1919 Euro/US Dollar Exchange Rate Today’s Forex Rates Euro/US Dollar FX Polls Economic Events Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 1.21. The projected lower bound is: 1.18. The projected closing price is: 1.19. Candlesticks A white body […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1812 Euro News The EUR/USD pair is little changed ahead of an important speech by Jerome Powell, the Fed chair. The pair is also reacting to better economic data from the United States. It is trading at 1.1800, which is in the same range it has been […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1794 Euro News FX traders can find clues on the EUR/USD outlook from the FX options market, given its forward-looking nature and focus on volatility and direction. Implied volatility gauges future actual volatility and is key to option premiums – it’s higher in very short-dated […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1794 Euro News The Euro rallied a bit during the trading session on Monday, as we get back to work from the weekend. This kicked off the week on a slightly positive tone, which is particularly interesting considering that we have the Jackson Hole Symposium coming later […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1794 Euro News The Euro-to-Dollar exchange rate confirmed the end of its eight-week winning streak on Friday after IHS Markit PMI surveys surprised on the downside and in the process, helped condemn the single currency to a correction from two-year highs, which is expected to play out […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets #ECB EuroTicker: EUR=Price: $1.1866 Euro News In the accounts of its July meeting, the ECB made some reference to the full use of the PEPP envelope that helped lift the euro. At the last meeting there were no changes to policy but the ECB did surprisingly say that […]
$EUR #Euro #USD #FX #Currencies #Trading #Markets EuroTicker: EUR=Price: $1.1838 Euro Outlook The pair has been on a bull run for the past eight weeks and is on track to post the longest weekly stretch of gains since 2004. FOMC minutes will have a significant impact on the EUR/USD in the coming days. Relative strength […]
$EUR #Euro #USD #Currencies #FX #Trading #Markets EuroTicker: EUR=Price: 1.1945 Outlook The euro continues to rise on a daily and weekly basis, despite rising evidence the market for the currency is ‘frothy’ by historical standards. Commitment of Traders (COT) data from the CFTC shows seven weeks on the trot of rising Euro-long positions. The implication is that […]
$EUR #Euro #USD #Currencies #FX #Trading #Markets EuroTicker: EUR=Price: $1.1876 Euro News The recent rally that the EUR to USD pair has experienced is at risk of reversal amid a lack of clear conviction among the bulls to bid the pair past the 1.1870 – 1.1880 resistance band. The EUR/USD can now enter a consolidation […]
$EURUSD #Euro #USD #Currencies #FX #Trading EuroTicker: EUR=Price: 1.1791 News EUR/USD’s rally may have run out of steam and a multi-month high of 1.1916 reached on Thursday may turn out to be an interim top, technical studies indicate. The daily chart shows a bearish divergence of the relative strength index and slow stochastic. A bearish […]
$EUR #Euro #FX #Currencies #Trading The EUR/USD pair has surged to 1.1915 this Thursday, its highest in two years, amid persistent dollar’s weakness. The market’s mood turned sour throughout the first half of the day, giving the dollar a brief intraday respite. however, the pair is ending a third consecutive day with gains a handful […]
$EUR #Euro #USD #FX #Currency #Trading #Markets The EUR/USD exchange rate broke decisively higher over the course of the past 24 hours, fuelled by the agreement of an EU rescue deal and budget. Shayne Heffernan, CEO of HEFFX warns caution is advised as the move has become stretched near term. The euro has been building […]
$EUR $EURUSD #FX #EURUSD #Euro #Currency #Markets The euro to United States dollar (EUR/USD) rate fluctuated between highs of $1.13 and lows of $1.12 last week as risk-off market mood grew on fears of America facing a second wave of coronavirus cases. Monday also saw the eurozone’s economic data weigh down the Euro (EUR) with […]
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 […]