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 […]