Euro: USD/EUR (EUR=X) consolidating

Euro: USD/EUR (EUR=X) consolidating

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

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision

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

Euro: USD/EUR (EUR=X) on the rise

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: USD/EUR (EUR=X) rebounds of down-trend resistance

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

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures

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) downtrend to probably continue

Euro: USD/EUR (EUR=X) downtrend to probably continue

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

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

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

Euro: USD/EUR (EUR=X) continue to see the 1.11 EUR level attract a lot of attention

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

Euro: USD/EUR (EUR=X) Rate Flat as Italian PM Conte’s Possible Resignation in Spotlight

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

Euro: USD/EUR (EUR=X) potential for return back down to 2019 lows

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

Euro: USD/EUR (EUR=X) Plagued by US-China Trade Tensions and Recession Fears

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

Euro: USD/EUR (EUR=X) trading near weekly lows as the ECB might be getting ready for more stimulus

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

Euro: USD/EUR (EUR=X) Choppy As Recession Indicators Flash Red

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

Euro: USD/EUR (EUR=X) possible headwinds ahead

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 […]

Euro: USD/EUR (EUR=X) ‘Stuck’ in key price zone

Euro: USD/EUR (EUR=X) ‘Stuck’ in key price zone

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

Euro: USD/EUR (EUR=X) appears that the pair is attempting yet another bottoming effort

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

Euro: USD/EUR (EUR=X) Mixed Signals

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

Euro: USD/EUR (EUR=X) trade war and risk of currency conflict threaten global economy

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

Euro: USD/EUR (EUR=X)  bounce finds resistance

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

Euro: USD/EUR (EUR=X) Extends Recovery

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

Euro: USD/EUR (EUR=X) continues to drive towards the 1.10 level

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%

Euro: USD/EUR (EUR=X) Eurozone Q2 GDP reported slightly higher than the consensus estimate of around 1.0%

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

Euro: USD/EUR (EUR=X) continues to look for buyers on short-term dips

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

Euro: USD/EUR (EUR=X) remained under pressure against a strengthening USD

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) selling to possibly extend into the bottoms at 1.1116 and 1.1107

Euro: USD/EUR (EUR=X) selling to possibly extend into the bottoms at 1.1116 and 1.1107

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) Dips Below 1.1200 Handle

Euro: USD/EUR (EUR=X) Dips Below 1.1200 Handle

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

Euro: USD/EUR (EUR=X) Focus Shifts Away from US Monetary Policy this Week

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

Euro: USD/EUR (EUR=X) eyes ECB decision as the USD faces GDP data

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 […]

Euro: USD/EUR (EUR=X) back to 1.1212 support

Euro: USD/EUR (EUR=X) back to 1.1212 support

Euro: USD/EUR (EUR=X) back to 1.1212 support In contrast to the breakdown in GBP/USD looked at above, EUR/USD has seen a more moderate pullback to a prior zone of support. This is the same zone that’s been in-play as both support and resistance since coming back into the equation in November of last year. More recently, […]

Euro: USD/EUR (EUR=X) Consolidates Gains Following Dovish Powell Remarks

Euro: USD/EUR (EUR=X) Consolidates Gains Following Dovish Powell Remarks

Euro: USD/EUR (EUR=X) Consolidates Gains Following Dovish Powell Remarks The Euro to US Dollar (EUR/USD) exchange rate remains on the front foot this morning as the ‘Greenback’ continues to grapple with renewed expectations of a rate cut from the Federal Reserve this month. At the time of writing EUR/USD exchange rate is trading just shy […]

Euro: USD/EUR (EUR=X) showing a far different tonality so far in July/Q3

Euro: USD/EUR (EUR=X) showing a far different tonality so far in July/Q3

Euro: USD/EUR (EUR=X) showing a far different tonality so far in July/Q3 The Q3 open has so far seen a return of sellers in EUR/USD, following a month of June that saw bears get squeezed as US Dollar weakness had showed up. Behind that USD weakness was a seemingly dovish outlay at the Federal Reserve in which […]

Euro: USD/EUR (EUR=X) rallies in the early week will continue to be met with sellers

Euro: USD/EUR (EUR=X) rallies in the early week will continue to be met with sellers

Euro: USD/EUR (EUR=X) rallies in the early week will continue to be met with sellers Friday’s jobs report sent a message to the markets that the Fed is not in a hurry to ease monetary policy. Much of the rally in EUR/USD in June was predicated on the speculation that the Fed was sure to cut rates […]

Euro: USD/EUR (EUR=X) trading sideways below the 1.1320 resistance

Euro: USD/EUR (EUR=X) trading sideways below the 1.1320 resistance

Euro: USD/EUR (EUR=X) trading sideways below the 1.1320 resistance The current bounce in the dollar was triggered by news over the weekend that trade talks between China and the US are progressing. This caused a correlated move across the financial markets. Treasury yields bounced higher with the 10-year rallying from a psychological 2% yield. Gold […]

Euro: USD/EUR (EUR=X) has weakened and fallen to key level

Euro: USD/EUR (EUR=X) has weakened and fallen to key level

Euro: USD/EUR (EUR=X) has weakened and fallen to key level The weakening of the Euro after the G20 Summit, and subsequent announcement of Christine Lagarde as the next President of the European Central Bank (ECB), is unlikely to extend suggest the charts. The Euro fell after the G20 as improved investor sentiment reduced safe-haven flows, a dynamic […]

Euro: USD/EUR (EUR=X) is under bearish pressure below 1.1320 resistance

Euro: USD/EUR (EUR=X) is under bearish pressure below 1.1320 resistance

Euro: USD/EUR (EUR=X) is under bearish pressure below 1.1320 resistance Earlier in the London and New York session, EUR/USD attempted to regain the 1.1300 figure but sellers pushed the price near the daily low as Tuesday is coming to an end.  Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to […]

Euro: USD/EUR (EUR=X) forms bullish flag pattern

Euro: USD/EUR (EUR=X) forms bullish flag pattern

Euro: USD/EUR (EUR=X) forms bullish flag pattern The Euro-to-Dollar exchange rate is trading at around 1.1368 at the start of the new trading week, virtually unchanged from the week before. However, studies of the charts suggest the exchange rate will probably rise in the days to come. The Euro-to-Dollar exchange rate is trading at around […]

Euro: USD/EUR (EUR=X) Volatility Slows as Investors Await G20 Summit Outcome

Euro: USD/EUR (EUR=X) Volatility Slows as Investors Await G20 Summit Outcome

Euro: USD/EUR (EUR=X) Volatility Slows as Investors Await G20 Summit Outcome Volatility in EUR/USD has slowed over the past few sessions as the pair has fallen into a range. There is some US data later today that stands to move the pair, however, the emphasis is on the G20 Summit later this week. Investors are hopeful that […]

Euro: USD/EUR (EUR=X) July Rate Cut Expectations Drop Following Fed Speeches

Euro: USD/EUR (EUR=X) July Rate Cut Expectations Drop Following Fed Speeches

Euro: USD/EUR (EUR=X) July Rate Cut Expectations Drop Following Fed Speeches Fed member speeches confirmed that the Fed is indeed ready to cut rates, just not at the pace that the markets believe it will. Powell held his stance that the Fed will act to sustain the recovery, similar to his rhetoric at the Fed […]

Euro: USD/EUR (EUR=X) moves to 3-month high, menacing resistance above 1.14 figure

Euro: USD/EUR (EUR=X) moves to 3-month high, menacing resistance above 1.14 figure

Euro: USD/EUR (EUR=X) moves to 3-month high, menacing resistance above 1.14 figure The Euro is attempting to make good on completing a bullish Falling Wedge chart formation, reversing higher form a deep corrective setback to reach a three-month high against the US Dollar. Breaking resistance marked by the June 7 swing top at 1.1348 has exposed the March 20 […]

Euro: USD/EUR (EUR=X) climbing to fresh two-month-highs

Euro: USD/EUR (EUR=X) climbing to fresh two-month-highs

Euro: USD/EUR (EUR=X) climbing to fresh two-month-highs Coming into the month EURUSD was one of my favored spots to look for short-side USD exposure. And this wasn’t borne from any particular optimism around the Euro-zone as much as the length of time that the bearish side of the pair has been in-favor. Perhaps most importantly, the […]

Euro: USD/EUR (EUR=X) ECB and Fed signalled the possibility of rate cuts ahead

Euro: USD/EUR (EUR=X) ECB and Fed signalled the possibility of rate cuts ahead

Euro: USD/EUR (EUR=X) ECB and Fed signalled the possibility of rate cuts ahead Major global central bankers sang a chorus of dovishness last week. Most importantly, both ECB and Fed signaled the possibility of rate cuts ahead. Comparatively, RBA’s indication of more rate cut was not much a surprise. In the background, it appeared US […]

Euro: USD/EUR (EUR=X) Digs into Support

Euro: USD/EUR (EUR=X) Digs into Support

Euro: USD/EUR (EUR=X) Digs into Support Going along with the US Dollar’s check of a key resistance level, EURUSD has started to grind around a key support zone. This is the same zone that’s been in-play to varying degrees since last November; and this runs from Fibonacci levels at 1.1187-1.1212. The fact that the pair is holding on […]

Euro: USD/EUR (EUR=X) Federal Reserve announcement today

Euro: USD/EUR (EUR=X) Federal Reserve announcement today

Euro: USD/EUR (EUR=X) Federal Reserve announcement today The Euro initially tried to rally during the trading session on Tuesday but has rolled over after Mario Draghi suggested that the ECB was opened to more quantitative easing. This of course put bearish pressure on the Euro itself, and therefore has the market repricing where the common currency […]

Euro: USD/EUR (EUR=X) Finds Support in Mixed Eurozone Wage Data

Euro: USD/EUR (EUR=X) Finds Support in Mixed Eurozone Wage Data

Euro: USD/EUR (EUR=X) Finds Support in Mixed Eurozone Wage Data Investors bought the Euro to US Dollar (EUR/USD) exchange rate back up from the lows it saw over the weekend today, as markets reacted to some disappointing US data. The pair’s potential for gains was limited though, amid Eurozone inflation concerns and anticipation for upcoming […]

Euro: USD/EUR (EUR=X) to be impacted by June PMIs

Euro: USD/EUR (EUR=X) to be impacted by June PMIs

Euro: USD/EUR (EUR=X) to be impacted by June PMIs It’s a busy week ahead for the Sterling and Euro and therefore volatility could be elevated: Sterling has the Bank of England and Boris Johnson to consider while the ECB’s Sintra conference could see the Euro hit with a surprise. Technicals however advocate for further losses […]

Euro: USD/EUR (EUR=X) With US Inflation Out of the Way, Traders Look to Retail Sales

Euro: USD/EUR (EUR=X) With US Inflation Out of the Way, Traders Look to Retail Sales

Euro: USD/EUR (EUR=X) With US Inflation Out of the Way, Traders Look to Retail Sales Yesterday’s CPI data failed to provide the catalyst for a EUR/USD rally above its 200 weekly moving average, an indicator the pair was hovering below ahead of the release. Thursday’s docket is quite light data-wise, and so trader’s will be looking to […]

Euro: USD/EUR (EUR=X) broke above a bearish trend-line

Euro: USD/EUR (EUR=X)  broke above a bearish trend-line

Euro: USD/EUR (EUR=X) broke above a bearish trend-line Going along with that USD sell-off this week has been a bullish theme in EURUSD. That bullish theme has shown up despite the brewing risks around the Euro-Zone and the continued pace of dovishness at the ECB. But – those items aren’t necessarily new, whereas this re-pricing […]

Euro: USD/EUR (EUR=X) ECB Holds Interest Rate

Euro: USD/EUR (EUR=X) ECB Holds Interest Rate

Euro: USD/EUR (EUR=X) ECB Holds Interest Rate The Euro US Dollar (EUR/USD) exchange rate rose today and is currently trading around $1.1267 on the interbank market. The Euro (EUR) edged higher against the US Dollar (USD) following the publication of the Eurozone’s GDP figures for the first quarter, which held steady at 0.4%, confirming its […]

Euro: USD/EUR (EUR=X) Focus on Fed Rate Cut Bets Rise

Euro: USD/EUR (EUR=X) Focus on Fed Rate Cut Bets Rise

Euro: USD/EUR (EUR=X) Focus on Fed Rate Cut Bets Rise The Euro to US Dollar exchange rate (EUR/USD) extended the weekly gains through Wednesday’s session, breaking the upper bound of Fibre’s May range to trade at a six week best as investors continued to ramp up Fed interest rate cut bets. The recent softening of […]

Euro: USD/EUR (EUR=X) consumer inflation indicators disappoint

Euro: USD/EUR (EUR=X) consumer inflation indicators disappoint

Euro: USD/EUR (EUR=X) consumer inflation indicators disappoint EUR/USD continues to gain ground, after starting the week with strong gains. Currently, the pair is trading at 1.1249, up 0.06% on the day. Earlier in the day, the pair touched a high of 1.1277, its highest level since mid-April. On the release front, eurozone consumer inflation indicators […]

Euro: USD/EUR (EUR=X) showing hints of bullishness but lacks confirmation

Euro: USD/EUR (EUR=X) showing hints of bullishness but lacks confirmation

Euro: USD/EUR (EUR=X) showing hints of bullishness but lacks confirmation The Euro-to-Dollar exchange rate is trading at 1.1168 at the start of the new trading week, a third of a percent lower than the week before. The pair has endured yet another volatile week in which it declined almost back down to the 1.1107 lows […]

Euro: USD/EUR (EUR=X) no real economic drivers one way or the other

Euro: USD/EUR (EUR=X) no real economic drivers one way or the other

Euro: USD/EUR (EUR=X) no real economic drivers one way or the other The Euro recovered slightly during trading on Thursday, but not anything that was more than to be expected. After all, this is a pair that has been range bound for some time as is typical of the market. If you are looking for big […]

Euro: USD/EUR (EUR=X) treading water with little in the way of news to move the market

Euro: USD/EUR (EUR=X) treading water with little in the way of news to move the market

Euro: USD/EUR (EUR=X) treading water with little in the way of news to move the market The Euro went back and forth during trading on Tuesday as currency markets were relatively quiet after the Memorial Day weekend. That being said, the market looks as if it is hanging around the 1.12 handle, a significant resistance barrier […]

Euro: USD/EUR (EUR=X) dropped a tad below 1.1200 in the wake of the EU elections

Euro: USD/EUR (EUR=X) dropped a tad below 1.1200 in the wake of the EU elections

Euro: USD/EUR (EUR=X) dropped a tad below 1.1200 in the wake of the EU elections Center-right and center-left parties have lost their majority in the EU elections, but the votes did not all go to populist parties as some had feared. Centrist liberal and green parties have gained ground as well, and the result is […]

Euro: USD/EUR (EUR=X) trade negotiations in Brussels will be crucial to monitor

Euro: USD/EUR (EUR=X) trade negotiations in Brussels will be crucial to monitor

Euro: USD/EUR (EUR=X) trade negotiations in Brussels will be crucial to monitor The Euro will likely experience higher-than-usual volatility in the week ahead. The primary catalyst for potentially violent price action may be politically-based factors. These include the European election results and prospective candidates in the new EU parliament for positions in key regional institutions. Trade […]

Euro: USD/EUR (EUR=X) under pressure over a weakening Euro Zone economy

Euro: USD/EUR (EUR=X) under pressure over a weakening Euro Zone economy

Euro: USD/EUR (EUR=X) under pressure over a weakening Euro Zone economy The Euro is under pressure on Thursday due to concerns over a weakening Euro Zone economy. Earlier today, reports showed a drop in manufacturing and services data in Germany and the Euro Zone. This confirmed that the escalating trade disputes are having a negative […]

Euro: USD/EUR (EUR=X) consolidating its losses above the 1.1140 level

Euro: USD/EUR (EUR=X) consolidating its losses above the 1.1140 level

Euro: USD/EUR (EUR=X) consolidating its losses above the 1.1140 level EUR/USD is trading in a bear trend below its main simple moving averages (SMAs) while it has been consolidating for the fourth consecutive day. Overall, the bias in prices is: Sideways. The projected upper bound is: 1.12. The projected lower bound is: 1.11. The projected […]

Euro: USD/EUR (EUR=X) remain towards the bottom of the market consensus

Euro: USD/EUR (EUR=X) remain towards the bottom of the market consensus

Euro: USD/EUR (EUR=X) remain towards the bottom of the market consensus Our forecast of a move to the EUR/USD 1.10 area on a 3 to 6 month view, remain towards the bottom of the market consensus.  While numerically 1.10 is not far away, psychologically it would represent a fairly significant move.” “One explanation for the […]

Euro: USD/EUR (EUR=X) Exchange Rates Flounder as Political Uncertainties Come Back into Focus

Euro: USD/EUR (EUR=X) Exchange Rates Flounder as Political Uncertainties Come Back into Focus

Euro: USD/EUR (EUR=X) Exchange Rates Flounder as Political Uncertainties Come Back into Focus In recent weeks, demand for the Euro has been a little stronger. While this hasn’t been enough to help the Euro to sustain gains against a stronger US Dollar, it has limited the Euro to US Dollar exchange rate’s losses. Investors have […]

Euro: USD/EUR (EUR=X) busy week ahead

Euro: USD/EUR (EUR=X) busy week ahead

Euro: USD/EUR (EUR=X) busy week ahead It’s a particularly busy week ahead. Germany wholesale inflation and Eurozone consumer confidence numbers are due out in the early part of the week. Expect the EUR to be particularly sensitive to consumer confidence numbers. A data deluge on Thursday will be key in the week. Finalized German GDP […]

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh The Euro was languishing at a one-week low Wednesday after official figures confirming a pickup in the economy during the first-quarter failed to inspire a bid for the single currency, with the data coming as major banks continue to downgrade their […]

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205 Intraday risk is tilted to the downside but expect strong support at 1.1205. EUR traded between 1.1220 and 1.1265 yesterday, close to our expected sideway trading range of 1.1215/1.1265. The rapid set-back from 1.1265 has weakened the underlying tone and the intraday risk […]

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

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

Euro: USD/EUR (EUR=X) rejected by 50-day moving average The Euro-to-Dollar rate is set to begin trading around 1.1232 Sunday after rising by a quarter of a percent during the previous week, although studies of the charts suggest further upside may be increasingly difficult for the single currency to attain over the coming days.   Europe’s currency […]

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years The actual release outperformed the forecast by 0.1%. Spanish flash GDP figure exceeded estimates too. Even Italian data was quite promising – prelim GDP level was placed at 0.2% against -0.1% forecast. German prelim CPI level beat the forecast […]

Euro: USD/EUR (EUR=X) Firm, Dollar Softens

Euro: USD/EUR (EUR=X) Firm, Dollar Softens

Euro: USD/EUR (EUR=X) Firm, Dollar Softens A slightly busier day of economic data awaits on Tuesday. Starting off with some German industrial data we have factory orders and industrial production. This is important because of the number 1 European economies’ reliance on automobile sales. Next is the UK’s Halifax House Price Index, which while important […]

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling The Euro rallied a bit during the trading session on Monday to kick the week off, but then rolled over near the 1.12 handle. This is an area where you would expect to see trouble, because it is such a large, round, psychologically significant […]

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high. The stronger reading is a reflection of higher oil prices, which has pushed prices higher. Inflation is moving closer to the ECB target of […]

Buy Euro: USD/EUR (EUR=X) ahead of likely GDP surprise says Soc Gen

Buy Euro: USD/EUR (EUR=X)  ahead of likely GDP surprise says Soc Gen

Buy Euro: USD/EUR (EUR=X) ahead of likely GDP surprise says Soc Gen The Euro is a buy ahead of the publication of first-quarter GDP data, according to analysts at Societe Generale, who’re telling clients that pessimism about the single currency outlook has gone far enough just as colleagues elsewhere in the industry are abandoning earlier bets […]

Euro: USD/EUR (EUR=X) continues falling in descending channel

Euro: USD/EUR (EUR=X) continues falling in descending channel

Euro: USD/EUR (EUR=X) continues falling in descending channel The Euro-to-Dollar exchange rate is trading at 1.1139 at the start of the new week after falling about 0.9% in the week before. The U.S. Dollar remains an outperformer in global FX with investors noting the U.S. economy continues to firmly outperform global rivals, a view confirmed […]

Euro: USD/EUR (EUR=X) Target 1.11

Euro: USD/EUR (EUR=X) Target 1.11

Euro: USD/EUR (EUR=X) Target 1.11 The Euro initially tried to rally during the trading session on Thursday, but then rolled over rather significantly. We continue to see a lot of US dollar strength, for a whole host of reasons. The ECB is extremely loose and of course the economic numbers in the European Union aren’t exactly […]

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s The Euro pair may find some upward space on the back of downbeat expected US data and crude upsurge. Investors look forward to April 23 as the UK parliament will reopen after the Easter Recess. In the near term, the bears seemed to remain under […]

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level Tomorrow marks Good Friday, meaning many western markets will remain closed, and Monday brings Easter and will see European markets remain on holiday. But ahead of the long weekend FX markets are showing as much excitement as they have so far in Q2, marked by a strong […]

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400 While we have expected EUR to “trade with an upside bias” for more than a week (see update on 04 Apr, spot at 1.1245), we were of the view that the “prospect for EUR to move to the next resistance at […]

Euro: USD/EUR (EUR=X) data may prove supportive but worries remain over the strength of the Euro-Zone economy

Euro: USD/EUR (EUR=X) data may prove supportive but worries remain over the strength of the Euro-Zone economy

Euro: USD/EUR (EUR=X) data may prove supportive but worries remain over the strength of the Euro-Zone economy The single-currency is gaining strength going into the weekend, aided in part by weakness in the US dollar, and will wait until data releases mid-week until it confirms whether this trend has further to go. The most important […]

Euro: USD/EUR (EUR=X) Single Market Traders Prepare For ECB

Euro: USD/EUR (EUR=X) Single Market Traders Prepare For ECB

Euro: USD/EUR (EUR=X) Single Market Traders Prepare For ECB Monday’s session saw the Euro to US Dollar exchange rate pull away from support at $1.12 to gain almost half-a-percent amid a data-sparse session with the single currency gains attributed to a lack of Greenback appeal. Into Tuesday, the EURUSD was last seen trading at $1.12716, […]

Euro: USD/EUR (EUR=X) in falling channel and expected to extend

Euro: USD/EUR (EUR=X)  in falling channel and expected to extend

Euro: USD/EUR (EUR=X) in falling channel and expected to extend The Euro-to-Dollar rate is trading at 1.1215 at the start of the new week, virtually unchanged from the week before owing to a short-term period of consolidation. If we take a step back however and consider the technical perspective, the outlook for the pair is […]

Euro: USD/EUR (EUR=X) price action suggests investor indecision and impending volatility

Euro: USD/EUR (EUR=X) price action suggests investor indecision and impending volatility

Euro: USD/EUR (EUR=X) price action suggests investor indecision and impending volatility Based on Friday’s close at 1.1215, the direction of the EUR/USD on Monday is likely to be determined by trader reaction to the minor top at 1.1255 and the minor bottom at 1.1183. Holding inside this range will indicate investor indecision. Bullish Scenario Taking […]

Euro: USD/EUR (EUR=X) testing major support

Euro: USD/EUR (EUR=X) testing major support

Euro: USD/EUR (EUR=X) testing major support The Euro continues to bounce around the physical and psychologically important 1.12 handle. This is a market that continues to bounce around in a larger consolidation area, so therefore we should be paying attention to the outer ranges. The Euro has fallen rather hard during trading on Thursday, as we […]

Euro: USD/EUR (EUR=X) still in a consolidation phase

Euro: USD/EUR (EUR=X) still in a consolidation phase

Euro: USD/EUR (EUR=X) still in a consolidation phase The Euro has bounced nicely from the 1.12 level during the trading session on Wednesday, as we continue to see the longer-term consolidation area hold. The 1.12 level is the bottom of this major area, with the 1.15 level above offering massive resistance. As we have reached an […]

Euro: USD/EUR (EUR=X) Investors are keeping a close eye on the ebb and flow of the U.S.-China trade talks

Euro: USD/EUR (EUR=X) Investors are keeping a close eye on the ebb and flow of the U.S.-China trade talks

Euro: USD/EUR (EUR=X) Investors are keeping a close eye on the ebb and flow of the U.S.-China trade talks After a tough week, EUR/USD has started the week with slight gains. Currently, the pair is trading at 1.1235, up 0.15% on the day. On the release front, it’s a busy day. German and eurozone manufacturing […]

Euro: USD/EUR (EUR=X) ECB President Mario Draghi had warned of sustained downside risk for the global economy

Euro: USD/EUR (EUR=X) ECB President Mario Draghi had warned of sustained downside risk for the global economy

Euro: USD/EUR (EUR=X) ECB President Mario Draghi had warned of sustained downside risk for the global economy The EUR/USD experienced a minor correction on the early hours of the Thursday trading session following an escalation in the US Dollar Index. The index had soared on the grounds of an increasing dovish outlook of the major world banks. […]

Euro: USD/EUR (EUR=X) likely to be determined by trader reaction

Euro: USD/EUR (EUR=X) likely to be determined by trader reaction

Euro: USD/EUR (EUR=X) likely to be determined by trader reaction The Euro is trading nearly flat on Tuesday as investors await fresh news about Brexit and a slew of U.S. economic data. Traders are also saying that the single-currency is being supported by economic surveys showing tentative signs of recovery in the Euro Zone economy […]

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445 The Euro rally is now testing yearly open / slope resistance and leaves the immediate recovery vulnerable while below 1.1445. From a trading standpoint, we’re looking for signs of support while above 1.1232. If price has indeed turned a corner. That said, a break below […]

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited Outlook in EUR/USD remains unchanged. Further rise could be seen with 1.1294 minor support intact despite loss of upside momentum. But upside should be limited below 1.1419 resistance to complete the corrective rebound from 1.1176. On the downside, below 1.1294 minor support will turn bias to the downside […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 could extend higher but it’s still viewed as a corrective move. Hence, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1294 minor support will turn bias to the downside for 1.1176 low first. […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 continued last week despite lost of upside momentum. No change in the view that it’s a corrective move. Hence, in case of another rise, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1277 […]

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327 Renewed concerns over Brexit are putting pressure on the Euro shortly after the U.S. opening. Earlier in the session, the single-currency hit its highest level since March 5, but there was no follow-through to the upside as traders began to square positions after the latest […]

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe The Euro may have rebounded during recent sessions but the outlook from a fundamental perspective remains decidedly uninspiring as the European Central Bank (ECB) appears to jettison its previous plan to withdraw the crutch of crisis-era easing.  The Euro has climbed back up to 1.1300 […]

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote The EUR/USD is expected to respond positively irrespective of the outcome of the Brexit vote today. Currently, there are three possible outcomes. That UK MPs reject May’s proposed deal that is already agreed with the EU, resulting in a […]

Euro: USD/EUR (EUR=X) traders await German data

Euro: USD/EUR (EUR=X) traders await German data

Euro: USD/EUR (EUR=X) traders await German data EUR/USD struggles around 1.1230 while heading towards European sessions on Monday. The pair fall short of extending Friday’s NFP-backed recovery as recent comments from the Fed Chair Jerome Powell gave little importance to the data miss. Monthly readings of German trade balance and industrial production could offer intermediate […]

Euro: USD/EUR (EUR=X) but at the 1.12 handle

Euro: USD/EUR (EUR=X) but at the 1.12 handle The Euro rolled over a bit during the trading session on Monday, as the pair of shooting star candles foretold of selling pressure. That being the case, we will probably reach down towards the bottom of the overall consolidation area, which is closer to the 1.12 handle. Somewhere […]

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting The Euro US Dollar (EUR/USD) exchange rate closed the initial gap higher in early Monday trading, falling from the weekly open of $1.13825 to trade at $1.13503 – a March low – at the time of writing. For the single currency, […]

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March In the month ahead the early half of will focus on Sino-U.S. trade talk as US President Donald Trump gave contradicting comments in the last week of February. While he first tweeted trade talks were proceeding in a favorable direction, following the […]