Euro: USD/EUR (EUR=X) Economic Data has been Improving

Euro: USD/EUR (EUR=X) Economic Data has been Improving

Euro: USD/EUR (EUR=X) Economic Data has been Improving The forex economic calendar has been light for the Euro in recent days, not atypical once we make it past the first few days of the month. Overall, Eurozone economic data has been steadily improving over the past few weeks, at least when trying to measure releases […]

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open Euro has plummeted against the US Dollar since the start of the month with price falling to multi-week range-lows today in New York trade. While the broader focus is still weighted to the topside, the near-term outlook remains vulnerable after reversing off […]

Euro: USD/EUR (EUR=X) showing signs of short-term weakness

Euro: USD/EUR (EUR=X) showing signs of short-term weakness

Euro: USD/EUR (EUR=X) showing signs of short-term weakness The Euro pulled back a bit during the session on Monday to show signs of short-term weakness. The question now is whether or not it can continue to take the move higher. The Euro has pulled back slightly during the trading session on Monday, to show signs of […]

Euro: USD/EUR (EUR=X) to be moved by opinion polls and BOE meeting

Euro: USD/EUR (EUR=X) to be moved by opinion polls and BOE meeting

Euro: USD/EUR (EUR=X) to be moved by opinion polls and BOE meeting The Euro to Dollar exchange rate is trading at around 1.1165 at the start of the new week after rising 0.77% in the week before. Studies of the charts show the pair probably resuming its short-term uptrend after a brief pull-back. The daily […]

Euro: USD/EUR (EUR=X) showing signs of exhaustion

Euro: USD/EUR (EUR=X) showing signs of exhaustion

Euro: USD/EUR (EUR=X) showing signs of exhaustion The Euro initially tried to rally during the trading session on Thursday but struggled at the recent highs again, turning around to show signs of exhaustion. By doing so, it looks as if the market isn’t ready to go higher anytime soon, as the 200 day EMA looms large […]

Euro: USD/EUR (EUR=X) Sellers Take a Swing, Find Fibonacci Support

Euro: USD/EUR (EUR=X) Sellers Take a Swing, Find Fibonacci Support

Euro: USD/EUR (EUR=X) Sellers Take a Swing, Find Fibonacci Support With the late-showing of USD strength during the accompanying press conference EUR/USD sellers began to push-lower on the chart. Support soon showed at a familiar level around 1.1082, which is the 38.2% Fibonacci retracement of the June-October bearish move. The lower-highs that have shown over the past […]

Euro: USD/EUR (EUR=X) support near the 1.1075 level as we continue to go back and forth

Euro: USD/EUR (EUR=X) support near the 1.1075 level as we continue to go back and forth

Euro: USD/EUR (EUR=X) support near the 1.1075 level as we continue to go back and forth The Euro has initially fallen during the trading session on Tuesday, showing signs of weakness yet again, but we have a move higher that has shown that the market is ready to continue to go back and forth. The market […]

Euro: USD/EUR (EUR=X) potentially running into resistance

Euro: USD/EUR (EUR=X) potentially running into resistance

Euro: USD/EUR (EUR=X) potentially running into resistance The Euro rallied a bit during the early part of Monday but continues to see a lot of resistance just above. In fact, the 1.11 level is now going to offer a bit of resistance potentially, and if that’s going to be the case it’s likely that the […]

Euro: USD/EUR (EUR=X) to extend higher following a pull-back

Euro: USD/EUR (EUR=X) to extend higher following a pull-back

Euro: USD/EUR (EUR=X) to extend higher following a pull-back The Euro-to-Dollar rate is trading at around 1.1079 at the start of the new week after falling 0.81% in the week before. Studies of the charts continue to show the pair in a short-term uptrend, however, which is favoured to extend albeit through tough resistance which […]

Euro: USD/EUR (EUR=X) dipped initially but has failed to hang onto the losses

Euro: USD/EUR (EUR=X) dipped initially but has failed to hang onto the losses

Euro: USD/EUR (EUR=X) dipped initially but has failed to hang onto the losses The Euro has broken down during the trading session on Wednesday, reaching below to the 1.11 handle. This is an area that cost a bit of support though, and the candlestick is starting to look rather bullish. However, I don’t necessarily think that it […]

Euro: USD/EUR (EUR=X) seeing some mild selling pressure

Euro: USD/EUR (EUR=X) seeing some mild selling pressure

Euro: USD/EUR (EUR=X) seeing some mild selling pressure EUR/USD settled slightly lower on Monday to end a four consecutive day rally. The pair is seeing some mild selling pressure and is nearing an important support confluence. EUR/USD has had an impressive gain in October thus far, aided by demand for Sterling as the odds of […]

Euro: USD/EUR (EUR=X) currently a bit overstretched

Euro: USD/EUR (EUR=X) currently a bit overstretched

Euro: USD/EUR (EUR=X) currently a bit overstretched The Euro did very little during the day on Monday, as we continue to grind back and forth. The market is currently a bit overstretched, so I would not be surprised at all to see a bit of a pullback coming. The Euro has been relatively quiet during the day […]

Euro: USD/EUR (EUR=X) continues to build on the back of progress on the Brexit and US-China trade war fronts

Euro: USD/EUR (EUR=X) continues to build on the back of progress on the Brexit and US-China trade war fronts

Euro: USD/EUR (EUR=X) continues to build on the back of progress on the Brexit and US-China trade war fronts There’s no denying that the news wire has been a source of optimism for the Euro thus far in October. Last week, the news that Eurogroup finance ministersstarted a “rainy day fund” began to turn the tides. […]

Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X)

Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X)

Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X) Price action in the FX markets on Tuesday provided a glimpse of which currencies are likely to see a reaction based on how things progress with reaching a Brexit deal. Since last week, the British pound has been firmly bid and was last seen trading […]

Euro: USD/EUR (EUR=X) Rally Stalls

Euro: USD/EUR (EUR=X) Rally Stalls

Euro: USD/EUR (EUR=X) Rally Stalls Last week EUR/USD rallied above an important technical resistance confluence that I’ve talked about in my last few daily forecasts. At this point, it will be important to asses whether the breakout is real, or just a trap for buyers. One important aspect is assessing technical developments is the longer-term trend. For […]

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

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

Euro: USD/EUR (EUR=X) still in a downtrend The Euro has done very little during the trading session on Monday, as the market is sitting at the 50 day EMA. This is obviously an area that is going to cause some issues, as market participants are looking at both the technical analysis and wondering exactly what just […]

Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production

Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production

Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production The Euro-to-Dollar exchange rate is trading at around 1.1035 at the start of the new week after rising 0.27% in the week before. Studies of the charts are showing the potential for more upside in the short-term dependent on a break to new highs. […]

Euro: USD/EUR (EUR=X) rebound hits resistance and stalls

Euro: USD/EUR (EUR=X) rebound hits resistance and stalls

Euro: USD/EUR (EUR=X) rebound hits resistance and stalls The Euro-to-Dollar rate’s recovery has hit a roadblock and is stalling. There is now a risk the pair could start to move lower again. EUR/USD had been rising during the first week of October after posting new trough lows of 1.0879 on October 1. Yet that recovery […]

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower The Euro continues to find the 1.10 level very resistive on an almost daily basis, as we had seen a lot of selling pressure just above there, and now are forming the fourth candlestick in a row that has a long […]

Euro: USD/EUR (EUR=X) to be moved by German data

Euro: USD/EUR (EUR=X) to be moved by German data

Euro: USD/EUR (EUR=X) to be moved by German data The Euro-to-Dollar exchange rate is trading at around 1.0976 at the start of the new week after rising 0.33% in the week before. Studies of the charts are showing the potential for marginal upside in the short-term followed by a mixed outlook thereafter. The new short-term […]

Euro: USD/EUR (EUR=X) holds firm after losses

Euro: USD/EUR (EUR=X) holds firm after losses

Euro: USD/EUR (EUR=X) holds firm after losses The Euro bounced a bit during the trading session after initially falling on Wednesday, as we continue to see the 1.09 level attracted a lot of attention. That being said though, part of this could have been exacerbated by the ADP report coming in slightly soft in the […]

Euro: USD/EUR (EUR=X) fell to fresh two-year lows

Euro: USD/EUR (EUR=X) fell to fresh two-year lows

Euro: USD/EUR (EUR=X) fell to fresh two-year lows Euro fell to fresh two-year lows against the US Dollar today before rebounding with the broader decline in question heading into the start of October trade. Technical Outlook In my previous Euro Price Outlook we noted that, “Euro turned from downtrend resistance last week and the focus is on a test of key […]

Euro: USD/EUR (EUR=X) continues steady decline

Euro: USD/EUR (EUR=X) continues steady decline

Euro: USD/EUR (EUR=X) continues steady decline The Euro-to-Dollar exchange rate is trading at around 1.0940 at the start of the new week, after falling 0.70% in the week before. Studies of the charts are showing the short-term trend is vulnerable to continuing lower. The daily chart shows the longer-term downtrend and how recent weakness could […]

Euro: USD/EUR (EUR=X) weak growth outlook weighs on the single currency

Euro: USD/EUR (EUR=X) weak growth outlook weighs on the single currency

Euro: USD/EUR (EUR=X) weak growth outlook weighs on the single currency The Euro fell to a more than two-year low against the U.S. Dollar on Friday as a weak growth outlook weighed on the single currency. However, a drop in Treasury yields late in the session drove the greenback lower, triggering a short-covering rally into […]

Euro: USD/EUR (EUR=X) trying to bounce from Lows

Euro: USD/EUR (EUR=X) trying to bounce from Lows

Euro: USD/EUR (EUR=X) trying to bounce from Lows The Euro has initially pulled back during the trading session on Thursday but has bounced a bit as the Americans came on board. At this point, it’s not necessarily something that you can jump into, but it is something that you should be looking at as an opportunity […]

Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September

Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September

Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September The Conference Board reported a drop in the Consumer Confidence Index to 125.1 in September, down from 134.2 in the prior month. The figure fell short of the analyst estimate of 134.1 although the release did not have much of an impact on the dollar. EUR/USD […]

Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off

Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off

Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off The Euro-to-Dollar rate keeps grinding lower and rallies in the Euro provide a good opportunity for traders to buy the U.S. currency at a relatively cheap price before it appreciates further, shows research by Richard Perry, a market analyst at Hantec Markets. Analysing the EUR/USD pair, Perry […]

Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation

Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation

Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation The Euro initially rallied during the trading session on Monday and then ended up breaking below the 1.10 EUR level. By doing so, it shows a continuation of the overall choppy and difficult situation. The Euro initially tried to rally during the trading session on […]

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) 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 […]

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 […]

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