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) 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) Tumble on Highly Concerning German Data

Euro: USD/EUR (EUR=X) Tumble on Highly Concerning German Data

Euro: USD/EUR (EUR=X) Tumble on Highly Concerning German Data The shared currency has been unable to benefit from weakness in rivals as the US Dollar (USD) recovers from fears of an aggressively dovish Federal Reserve, and the currency has not found much support in recent Eurozone data either. Rather than show any fresh signs of resilience […]

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

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) Tightens Ahead Of The Weekend Break

Euro: USD/EUR (EUR=X) Tightens Ahead Of The Weekend Break

Euro: USD/EUR (EUR=X) Tightens Ahead Of The Weekend Break The theme of the week has been “consolidation” on the forex. For the most part, the majors have traded within last week’s FED-fueled ranges, with the EUR/USD being among the most hotly contested. Since the bearish break of Tuesday, rates have rotated between 1.1250 and 1.1201, […]

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) trading higher after Federal Reserve Chair Jerome Powell said the central bank will “act as appropriate” to sustain expansion as “crosscurrents”

Euro: USD/EUR (EUR=X) trading higher after Federal Reserve Chair Jerome Powell said the central bank will “act as appropriate” to sustain expansion as “crosscurrents”

Euro: USD/EUR (EUR=X) trading higher after Federal Reserve Chair Jerome Powell said the central bank will “act as appropriate” to sustain expansion as “crosscurrents” The Euro is trading higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank will “act as appropriate” to sustain expansion as “crosscurrents” are weighing on the economic […]

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) charts give off multiple signs of reversal higher

Euro: USD/EUR (EUR=X) charts give off multiple signs of reversal higher

Euro: USD/EUR (EUR=X) charts give off multiple signs of reversal higher The Euro-to-Dollar rate may have formed a major bottom on the charts from which it would be likely to reverse and trend higher, according to analysts at Faraday Research, who’re telling clients the down-move in the exchange rate could now be over. Euro-to-Dollar rate charts […]

If you were paying close attention last week you Keyed on This…

If you were paying close attention last week you Keyed on This…

$EURUSD FLASH: Last week, Fed Chairman Powell said, “…we will act as appropriate to sustain the expansion.” With those few words Chairman Powell took the strength out of the argument for a recession because the Fed is very powerful. And with the stock market rallying, President Trump threatening more tariffs on China, stocks are just […]

Euro: USD/EUR (EUR=X) upside fairly limited

Euro: USD/EUR (EUR=X) upside fairly limited

Euro: USD/EUR (EUR=X) upside fairly limited The Euro to US Dollar exchange rate struggled to find direction during Tuesday’s session amid side-ways price action with the single currency last seen trading at $1.13210, up marginally. Data-wise, Tuesday saw the latest Sentix Investor Confidence (Euro zone) fall sharply, printing in pessimistic territory at -3.3, in contrast […]

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) fresh selling wave following some dovish Fed commentary

Euro: USD/EUR (EUR=X)  fresh selling wave following some dovish Fed commentary

Euro: USD/EUR (EUR=X) fresh selling wave following some dovish Fed commentary The US Dollar Index, which lost its traction in the second half of the day after the IHS Markit’s and the ISM’s Manufacturing PMI figures for May came in below the market expectations, extended its decline in the last hour amid St. Louis Fed […]

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) in the middle of the overall consolidation

Euro: USD/EUR (EUR=X) in the middle of the overall consolidation

Euro: USD/EUR (EUR=X) in the middle of the overall consolidation The Euro fell slightly during the trading session on Wednesday but quite frankly we are in the middle of the overall consolidation range that I have been tracking. The 1.11 level on the bottom is support while the 1.12 level above is resistance. The resistance even […]

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 […]

Is Euro: USD/EUR (EUR=X) rally on trade tensions sustainable?

Is Euro: USD/EUR (EUR=X)  rally on trade tensions sustainable?

Is Euro: USD/EUR (EUR=X) rally on trade tensions sustainable? EUR/USD kept a cautious upward bias on Friday. After a slow start, the pair was propelled to the mid 1.12 area as US CPI data (slightly) missed market expectations. US-German interest rate differentials initially narrowed further, but this move was partially reversed at the end of […]

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) recent range finally got broken on a sudden bullish spike

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). On Thursday buyers almost reached 1.1255 where lies the 50 SMA.   Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction […]

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 […]

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance EUR/USD Exchange Rate Steadies Following Losses The Euro to US Dollar (EUR/USD) exchange rate is holding steady this morning after slipping from a one-week high yesterday evening following the Federal Reserve’s policy meeting. At the time of writing the EUR/USD exchange rate is virtually […]

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) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week EUR/USD has started the week with small gains. Currently, the pair is trading at 1.1310, up 0.10% on the day. Last week, the pair climbed 0.7%, its best week since mid-March. It’s quiet on the fundamentals front, with no major events out of the eurozone. In the U.S., […]

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) Factories in the euro zone had their worst month for almost six years

Euro: USD/EUR (EUR=X) Factories in the euro zone had their worst month for almost six years

Euro: USD/EUR (EUR=X) Factories in the euro zone had their worst month for almost six years EUR/USD attempts to retrace the decline from earlier this week as the U.S. Durable Goods Orders report does little to heighten the appeal of the greenback, and the failed attempt to test the 2019-low (1.1176) may spur a rebound in […]

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) key area to watch will be 1.1185 to 1.1176

Euro: USD/EUR (EUR=X) key area to watch will be 1.1185 to 1.1176

Euro: USD/EUR (EUR=X) key area to watch will be 1.1185 to 1.1176 The Euro closed lower on Friday as it edged toward a key long-term retracement level and its March 7 main bottom. After topping on March 20, the single-currency has erased nearly all of its gains from earlier in month. For the month, the […]

Gold Price Forecast Balance of 2019

Gold Price Forecast Balance of 2019

$GLD, $SLV, $USD, $EURUSD After last Thursday’s action in the Gold market, I believe the precious Yellow metal markets are in a Key mark. The Big Q is whether or not the psych support mark at $1300 level will hold. If it does, then things will take care of themselves and will look towards at […]

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) is likely to trade sideways

Euro: USD/EUR (EUR=X) is likely to trade sideways

Euro: USD/EUR (EUR=X) is likely to trade sideways While we indicated last Friday (22 Mar) that “in order to maintain the current momentum, EUR could not afford to ‘dither’ as it would greatly decrease the prospect for further EUR strength”, the subsequent large decline of more than -0.50% (NY close of 1.1313, -0.52%) came as […]

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) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities Since trading session opened for the week in Pacific-Asian market hours, the pair has managed to hold on to steady upside price action and moved well near last week’s highs as the spread difference between 2-year US-Germany government bond yields […]

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) Searches for Support

Euro: USD/EUR (EUR=X) Searches for Support

Euro: USD/EUR (EUR=X) Searches for Support EUR/USD tumbles to fresh yearly lows as the European Central Bank (ECB) plans to implement another round of Targeted Long-Term Refinance Operations (TLTRO), and the exchange rate may continue to search for support over the coming days as clears the 2018-low (1.1216). The announcement suggests the ECB will continue to […]

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X)

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X)

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X) The EURUSD pair yesterday saw a bearish breakout in American market hours as upbeat US macro data underpinned US Dollar’s positive price action in the broad market. Despite Wall Street continuing to see some level of bearish price action, US Greenback remained unaffected as last […]

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 […]