Euro: USD/EUR (EUR=X) showing early signs of a change in trend While still in its early stages and vulnerable to a breakdown, the fledgling uptrend will probably endure over coming days now the exchange rate has formed two higher-highs and two higher lows on the 4-hour chart – a major indicator of early stage changes […]
Euro: USD/EUR (EUR=X) posted small losses in the Thursday session EUR/USD has posted small losses in the Thursday session. Currently, the pair is trading at 1.1372, up 0.24% on the day. On the release front, the German Wholesale Price Index dropped to 0.0%, short of the estimate of 0.5%. The eurozone trade surplus narrowed to EUR […]
Euro: USD/EUR (EUR=X) continues to decline In line with expectation, EUR extended its decline as it hit a ‘fresh’ low of 1.1328 yesterday. As highlighted on Monday (13 Aug, spot at 1.1400), there is “room for further weakness in the coming days” and the next level to focus on is at 1.1285 followed by 1.1185. […]
Euro: USD/EUR (EUR=X) drops through support zone EUR/USD is pushing below the key support zone, around $1.15, that has held since the end of May. A close below $1.15 would mark a bearish development, opening the way to $1.13 in the first instance, and then down to $1.1119. A rebound could well see the price […]
Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse Last week, the Euro to US Dollar (EUR/USD) exchange rate opened in the range of $1.1562 on Monday and closed down lower at $1.1420 on Friday. This overall deterioration for the single currency was down to growing concerns that a Turkish economic collapse could negatively […]
Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300 60% of analysts believe that the dollar will continue to strengthen, and the pair will go down. Graphical analysis on H4 and D1, most indicators agree with this development. The target is the zone 1.1120-1.1300. There is little sign that the euro is about to turn around […]
Euro: USD/EUR (EUR=X) wiping out some of yesterday’s gains The sellers are attempting to take charge again, pushing EUR/USD back from yesterday’s highs. They still have to break the $1.15 support zone, which would mark a particularly bearish development. A possible first area of support in case of any sustained downturn comes in at $1.1285. […]
Euro: USD/EUR (EUR=X) moving higher EUR/USD in rebound mode after key breakdown EUR/USD has managed to bring itself into a more positive short-term setting. The break below $1.1574 points towards a wider breakdown coming into play soon enough. However, with the price pushing above $1.1610 over the near term, there is now a good chance […]
Euro: USD/EUR (EUR=X) Exchange Rate Rises 0.3% despite German Industrial Slowdown The euro currency is correcting higher against the U.S. Dollar on Tuesday, as the U.S. Dollar Index starts to pullback from a two-week trading-high. The EUR / USD pair performed a bearish daily price-close below the November 2017 trading-low, at 1.1553 on Monday, marking the euro’s lowest daily […]
Euro: USD/EUR (EUR=X) Falls After Weak German Factory Orders Eurozone outlook dims as German factory orders slump in June. Data comes as fears over Italian politics appear on radar again. EUR/USD to break 1.15 this week and fall to new lows this summer. The Euro was steady Monday but a stalling continental economy means the […]
Euro: USD/EUR (EUR=X) key stats through the week limited to Germany’s June factory It’s a quiet week ahead, with key stats through the week limited to Germany’s June factory orders on Monday and industrial production and trade figures out of Germany on Tuesday. In the 2nd half of the week, there may be some focus on […]
Euro: USD/EUR (EUR=X) Stifled by Sub-Par Factory Activity Growth The Euro (EUR) was unable to gain momentum yesterday with the release of the bloc’s manufacturing PMI for July. EUR/USD is trading lower and lost more than 80 pips from yesterday’s high of 1.16996 after more hawkish fed policy. Fed has kept its interest rates unchanged […]
Euro: USD/EUR (EUR=X) sold sharply after false breakout above symmetrical triangle pattern – EUR/USD almost broke out higher on Tuesday but closed back down in range – Bearish EUR/USD forecasts still dominate the technical community – Positive assessment from the Fed could give green light to Dollar buying “The Euro-to-Dollar exchange rate momentarily looked poised […]
Euro: USD/EUR (EUR=X) regaining ground after recent decline The Euro (EUR) has firmed against the US Dollar (USD) today, hitting an exchange rate of $1.1738. This is resilient trading in the face of the latest Eurozone data, which has revealed a faster pace of inflation but slowing GDP growth. On the plus side, July’s annual Eurozone inflation […]
Euro: USD/EUR (EUR=X) strengthening following periods of downside For European currencies, NET LENGTH for EUR futures gained +8 233 contracts to 29 640 for the week. Bulls increase their bets, by + 2125 contracts, to 179 515, while bears decreased bets, by -6 108 contracts, to 149 875, for the week. GBP futures deepened into NET SHORT position, adding […]
Euro: USD/EUR (EUR=X) Triangle Close to Breaking Out From a number of perspectives, therefore, we think euro weakness has run much of its course for now and advise buying into weakness. Reduced trade uncertainty, a stabilization in the data, discounted policy rate differentials, a large current account surplus and the geopolitical sensitivities of exchange rate […]
Euro: USD/EUR (EUR=X) Impending Directional Breakout All eyes are on the ECB, which will set interest rates later on Thursday. The markets are not expecting anything dramatic from policymakers, with rates expected to remain at 0.00%. In June, the ECB decided to end its massive bond-purchase scheme by the end of the year, which has […]
Euro: USD/EUR (EUR=X) drifting lower from triangle top The euro currency remains largely unchanged after solid IFO data for the month of July from the German economy. All three components of the German IFO survey beat market expectations, with only the current assessment survey beating the previous months reading. Stronger recovery cannot be ruled out […]
Euro: USD/EUR (EUR=X) high-impact German survey data comes out EUR/USD traded mostly unchanged at the end of European trading on Tuesday as an early day decline was firmly bid by buyers. Volatility has been quite muted in the early week as traders brace for the European Central Bank (ECB) meeting scheduled later this week as […]
Euro: USD/EUR (EUR=X) volatile but mostly directionless The Euro finished in the middle of the pack last week, gaining ground against four currencies while losing ground against three. EUR/CHF was the worst performer, dropping by -0.61%, while EUR/GBP was the best, adding +0.98%; EUR/USD was volatile but mostly directionless, adding a mere +0.33%. While the economic calendar last week […]
Euro: USD/EUR (EUR=X) knocked down after the ECB’s mid-June policy review The euro has been treading water. It is unlikely to find a rescuing hand from the European Central Bank, whose policymakers meet this week. While analysts expect the shared currency to strengthen as the year progresses, conviction in that view is shaky, with strategists […]
Euro: USD/EUR (EUR=X) Downward Trend Having turned lower from $1.1740 earlier in the week, and then edging below the 13 July low yesterday, EUR/USD looks like it may well move below $1.16. This sustained bearish view then suggests a move back towards support around $1.15. A bullish view requires a move back above $1.1750. The […]
Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor The ECB’s negative interest rate policy has made yields unattractive and vulnerable to the improving growth outlook. We expect core eurozone yields to rise. We are cautious on peripherals given tight valuations, political risks in Italy and the upcoming end to the ECB’s net asset purchases. […]
Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675 The EUR/USD pair traded in a relatively tight 50-pip range on Monday as today’s macroeconomic data releases failed to receive a significant enough reaction from the market to shift the pair’s near-term neutral outlook. As we are approaching the end of the day, the EUR/USD pair […]
Euro: USD/EUR (EUR=X) unlikely to rock markets The week ahead for the Euro promises to be fairly quiet as the main release is a revision of June CPI data which is unlikely to be markedly different from the initial estimate, and therefore unlikely to rock markets. The other major releases for the Euro is the […]
Euro: USD/EUR (EUR=X) Exchange Rate Losses Today The Euro (EUR) has made a small decline against the US Dollar (USD) today, in the wake of data confirming that German inflation rates slowed during June. The finalised figures have shown that base annual inflation slowed from 2.2% to 2.1%, while the monthly inflation rate fell further […]
Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum The euro found strong support in the 11500s and has since seen a bit of a rebound, but momentum and the broader trend aren’t bringing to the table with it much conviction. On the top-side there are the 11800s to contend with (11790 touched on […]
Euro: USD/EUR (EUR=X) Reality check risks uptrend support The EUR/USD is trading closer to 1.1700 than to 1.1800. The pair enjoyed the market calm on Monday to rise to higher ground and as markets are more balanced, the pair retreats. The EU and China on the need to maintain free trade as Chinese Prime Minister […]
Euro: USD/EUR (EUR=X) Bullish Due to Stronger Momentum Holders of Euros looking for an optimum price to buy Dollars may wish to consider hanging on a little longer. Since touching down on June 21 the Euro has risen gently like a ‘hot-air balloon’ up to the 1.1780s where it currently sits and is set to […]
USD/EUR (EUR=X) looks to rally Having broken the downtrend line yesterday, the price has moved higher for EUR/USD. The next target would be the mid-June highs at $1.1850. A short-term sequence of higher lows from the 28 June low suggest that the buyers remain in charge, with a break below $1.1630 needed to dispel this view. […]
USD/EUR (EUR=X) Upside likely, Focus on Yuan Euro/dollar stays in tight range U.S. public holiday keeps some traders on sidelines Yuan bounces off 11-month low The euro fell on Wednesday as a weaker purchasing managers’ confidence in the bloc overshadowed better-than-expected data on business activity, while concerns about Washington’s end-of-week deadline to impose tariffs on […]
USD/EUR (EUR=X) Rises as Trade War Fears Worsen Low Confidence in US Trade Policies Lead to EUR/USD Exchange Rate Gains The Euro (EUR) is trading higher against the US Dollar (USD) today, mainly due to low confidence among USD investors. This appreciation has pushed the EUR/USD exchange rate up and interbank rate of $1.16, above […]
USD/EUR (EUR=X) What’s next for euro-dollar? EUR/USD has confounded consensus expectations this year, hit by both intermittent episodes of USD strength and EUR weakness. Of the many factors that will drive EUR/USD over the next 12-18 months, four stand out: Trade wars European politics The relative ECB/Fed policy outlook The relative EZ-US growth (and equity) […]
USD/EUR (EUR=X) short-term bullish above 1.1720 The EUR/USD pair regained the 1.1600 level and in fact, trimmed its weekly losses last Friday, closing the week at 1.1683. The common currency got a boost from news that the so far 28 EU members, came to an agreement on migration issues, deciding among other things, to relocate […]
USD/EUR (EUR=X) consolidates daily gains below 1.16 The EUR/USD extended its losses toward the 1.15 during the first half of the day before gaining traction in the NA session as the greenback failed to preserve its bullish momentum. As of writing, the pair was trading at 1.1580, adding 0.23% on the day. Earlier today, the […]
USD/EUR (EUR=X) breaking down to new weekly lows near 1.1600 level EUR/USD is drifting lower as the single currency broke below the 1.1634 level (pink line). The next scaling points to the downside are seen at the 1.1600 figure and 1.1560 June 14 low. EUR/USD momentum is bearish as the 50-period simple moving average (SMA) […]
USD/EUR (EUR=X) Dollar up vs riskier currencies amid trade tensions The dollar rose slightly against a basket of currencies on Tuesday, snapping a four-day losing streak as traders worried about mounting global trade tensions unwound bets on high-yielding currencies like the Australian and Canadian dollars, whose economies are heavily trade dependent. The dollar index, which […]
USD/EUR (EUR=X) Escalating trade fight weighs on global stocks, boosts Treasuries Long-dated notes gain on trade war, Europe concerns Wall Street indexes see steepest losses since April Wall St lower on U.S. trade disputes with China, Europe Oil drops as traders factor in OPEC output rise Global stock markets sank on Monday as the trade fight between the United […]
USD/EUR (EUR=X) Bounce Set Up to Fail? EUR/USD turns higher from significant support, but… Strength is viewed as likely to be short-lived At the moment risk/reward unfavorable for new positions, but could soon change The thinking in this corner is that there will be a little more upside, but it may not be easy, so a […]
USD/EUR (EUR=X) holds to gains, consolidates above 1.1600 EUR/USD rebounds after hitting fresh 1-year low. DXY retreats signaling a potential short-term top. The EUR/USD pair consolidate daily gains during the US session, benefit by a weaker US dollar. The euro rebounded after falling to test May lows. The pair started to recover after the Bank […]
USD/EUR (EUR=X) bulls advances currently capped at 1.1600 The single currency is mostly trading sideways on Wednesday as EUR/USD is oscillating between the 1.1536 and the 1.6010 levels. On data-light Wednesday EUR/USD is mainly taking its cues from technical trading and the development from the US-China trade war. Earlier in the day, ECB (European Central Bank)’s President Mario Draghi and […]
USD/EUR (EUR=X) recovers further, still under 1.1600 Euro extended its recovery from weekly lows against the US Dollar but remains in negative. Price showing signals of consolidation but the overall tone still points to the downside. The EUR/SUD pair moved to the upside during the American session on the back of a retreat of the […]
USD/EUR (EUR=X) regains 1.1600 on USD-selling The pair has now reverted the initial negative momentum and managed to attract some buying interest following a brief test of lows in the 1.1570/60 band. The squeeze higher in spot is following a retreat in the greenback from session peaks beyond the critical 95.00 handle when tracked by […]
USD/EUR (EUR=X) Upside Terminated – 1.1510 in focus according to technical analysis – ECB’s Draghi in focus at Sintra central banking event – US Dollar will be eyeing US Fed’s Powell at same event The Euro slumped notably lower against the US Dollar last week after the European Central Bank quashed market hopes of an initial Eurozone interest […]
USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance After today’s ECB meeting, analysts from Danske Bank explained that it is the new time dependent rate guidance that is key for the euro. Key Quotes: “A short-lived knee-jerk move higher in EUR/USD on the QE end-date announcement but this quickly more than reversed as the rate guidance […]
USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018 EUR/USD will be restrained this summer by political risks in Italy. But can rise in second half of 2018 as ECB ends QE programme. Although forecasts suggest upside is more limited than before. The Euro-to-Dollar rate will be […]
USD/EUR (EUR=X) Heading Towards 1.1900 While the 1.1830-40 horizontal-region seems crucial for the EURUSD in order to justify its strength in targeting the 1.1900 and the 1.1950 resistances, pair’s upside beyond 1.1950 might have a challenging task to surpass the 200-day SMA level of 1.2010 on a D1 basis. In case if the quote provides […]
USD/EUR (EUR=X) Target 1.1660 EUR/USD has pared most of its gains and is trading below 1.1800. All G7 leader seemed to endorse a common communique. Canadian PM Justin Trudeau said in press conference that Canada would impose tariffs on US imported goods on Jul 1st 2018. Trump lashed out Canada’s PM in twitter saying that […]
USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16 President Donald Trump’s opponents must be very upset – to their great disappointment, his economic policy brings positive results: the number of jobs in the US in 2018 grew by more than a million, the inflation reached the Federal Reserve’s target of 2%, the trade […]
USD/EUR (EUR=X) Upside Potential to 1.2050 The EUR/USD is finally enjoying some upside momentum for the first time since mid-April. Also, the RSI turned positive, topping 50. The pair remains well below the 50-day Simple Moving Average and the 200-day SMA. Both SMAs are around 1.2010, and more importantly, they are about to cross. The […]
USD/EUR (EUR=X) Entry at 1.10 Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 1.19. The projected upper bound is: 1.18. The projected lower bound is: 1.16. The projected closing price is: 1.17. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
USD/EUR (EUR=X) Heffx Technical Outlook Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 1.22. The projected upper bound is: 1.24. The projected lower bound is: 1.21. The projected closing price is: 1.22. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]