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EURUSD

Analysis

Analysis - 1 day ago

Technical Analysis – EURUSD drops to a two-year low

The aggressive decline in EURUSD continuesEURUSD reached its lowest level since November 2022Momentum indicators are fully onboard with the current selloffEURUSD is experiencing its fourth consecutive red session, dropping to the lowest level since November 2022. The selloff from the late September highs got a significant boost from Trump’s win, helping the dollar outperform its main rivals, including the euro.
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Analysis - 2 days ago

Week Ahead – RBNZ to slash rates ahead of US and Eurozone inflation data

RBNZ is expected to cut rates by 50 bps at its last policy meeting of 2024But will PCE inflation data give the green light for a Fed cut?Eurozone flash CPI also critical for ECB’s December decisionRBNZ set for third rate cut The Reserve Bank of New Zealand will kick-start the end of year policy meetings of the major central banks when it announces its decision on Wednesday.
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Analysis - 2 days ago

Daily Comment – Dollar and gold gain as geopolitical risks and eurozone data worsen

Gold continues to gain, as geopolitics generates headlinesHawkish Fedspeak and strong US data support the dollarEuro suffers from another weak set of PMIsYen fails to benefit from stronger inflationWar rhetoric continues, gold takes noticeThe Ukraine-Russia conflict remains in the spotlight. The aggressive rhetoric from both sides continues, with US President Biden giving the green light for the use of anti-personnel mines, banned by more than 150 countries, and Russia responding by launching an
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Analysis - 4 days ago

Daily Comment – Geopolitics dictates market sentiment, but dollar fails to benefit

Geopolitics in the spotlight, gold gainsDollar fails to benefit from the risk-off reactionStocks slightly in the green, as markets await Nvidia earningsPound gains after CPI report; bitcoin reaches $94,000It almost feels like the Cold War againDevelopments in the Ukraine-Russia conflict are monopolizing the markets' interest, as the first usage of long-range US missiles prompted a quick revision of Russia’s nuclear weapons doctrine.
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Analysis - 5 days ago

Daily Comment – Stocks cautiously edge up amid geopolitical and inflation risks

Softer yields lift stocks despite Ukraine fears and rate cut doubtsGold extends rebound, oil also higher in choppy tradingDollar on the backfoot amid lack of direction as yen firmsStocks rebound but struggle for momentumEquity markets were in a perky mood on Tuesday as a recovery on Wall Street helped Asian stock markets advance, although European shares were more mixed.
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Analysis - 5 days ago

Volatility returns to normal levels after US election calmness – Volatility Watch

Euro/dollar volatility edged higherVolatility remains low in the commodities spaceStock indices experience average volatility despite selloffEuro/dollar volatility has edged higher, as the dollar continued to gain from Trump’s recent win, pushing the euro/dollar pair to a one-year low. Interestingly, last week's change in Fed Chair Powell’s stance regarding the timing of the next rate cuts did not materially benefit the dollar.
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Analysis - 5 days ago

Weekly Technical Outlook – EURUSD, GBPUSD, Gold

Gold shows recovery signs after aggressive selloffEURUSD pauses bear run near 1.0500. Will eurozone PMIs trigger a rebound?GBPUSD hopes for a bullish rotation amid busy data calendar US data, geopolitics --> Gold Gold attracted fresh safe-haven demand on Monday amid renewed geopolitical tensions during the weekend as Russia attacked Ukrainian power plants and the US approved Ukraine’s use of long-range US missiles to strike within Russia.While Trump has promised to end the war, uncer
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Analysis - 1 week ago

Week Ahead – Flash PMIs, UK and Canadian CPI data enter the spotlight

Almighty dollar awaits PMIs for more signs of Fed cut delaysEurozone PMIs also on tap amid speculation of bigger cut by ECBPound could benefit from data pointing to rebound in inflationCanadian and Japanese CPI numbers also on the agendaTrump’s election raises bets for a Fed pauseThe US dollar continued flexing its muscles for another week, with the so-called ‘Trump trades’ showing no signs of cooling as the president-elect Republican party will control both chambers of the US Congress, wh
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Analysis - 1 week ago

Daily Comment – Wall Street loses more steam as Powell not in a hurry to cut rates

US stocks set for weekly loss as Powell adds to Fed’s hawkish soundbiteBut dollar unable to hit fresh highs; US retail sales eyed nextYen firms after verbal intervention; euro also reboundsDecember cut in doubt after Powell commentsFed rate cut expectations were dramatically pared back on Thursday after Fed chief, Jerome Powell, rounded up the week’s hawkish rhetoric by adding to the sense of caution about the pace of easing.
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Analysis - 1 week ago

Daily Comment – Dollar wavers on US CPI, surges on hawkish Fed remarks

US CPI meets expectations, bolstering rate cut hopesBut Fed hawks spoil the mood as dollar hits one-year highGold continues to bleed even as stocks stumble Dollar ascends as Fed wary after CPI reportThe US dollar’s post-election surge shows no sign of ending as it advanced to one-year highs against a basket of currencies on Thursday, causing fresh pain for its rivals.
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Analysis - 1 week ago

Midweek Technical Look – EURUSD, GBPUSD, Gold

EURUSD looks for direction near 1.0600 after steep sell-off to 1-year lowGBPUSD tumbles to 3-month low; near oversold levelsGold reverses October’s rally; set for some consolidation  
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Analysis - 2 weeks ago

Daily Comment – US CPI report could reverse the post-election euphoria

Markets take a breather as Trump assembles his teamFocus turns today to US inflation and FedspeakGermany prepares for snap election, euro on the back footYen underperformance continues, intervention talk resurfacesMusk joins Trump’s team, Germany sets election datePresident-elect Trump is gradually assembling his cabinet, with the market anticipating the most crucial appointment, the Treasury Secretary.
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Analysis - 2 weeks ago

Daily Comment – Dollar extends gains, bitcoin soars but stocks lose momentum

Tariff fears weigh on euro and other majors, dollar continues to climbBitcoin and Wall Street hit new records but broader equities stumble   Gold unable to get a boost from Trump picking hawks for this team   Trump trade still powering the marketsSpeculation about the expected impact of Donald Trump’s policies continues to dominate the market theme, as investors await details about who will be in Trump’s cabinet.
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Analysis - 2 weeks ago

Markets return to a low-volatility environment after the US election – Volatility Watch

Euro/dollar volatility has eased aggressivelyVolatility has dropped to monthly low in both gold and silverStock indices experience a significant decline in volatilityEuro/dollar volatility has eased significantly, as market participants have reacted favourably to both the outcome of the US presidential election and the absence of the post-election shenanigans seen in 2020. The dollar has strengthened over the past week with the euro suffering the most.
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Analysis - 2 weeks agoBearish

Technical Analysis – EURUSD plunges to new 2½-year low

EURUSD may dive towards 1.0600 soonRemains well above uptrend lineStochastic and MACD head southEURUSD is plunging towards a fresh two-and-a-half-year low of 1.0635, remaining beneath the long-term ascending trend line. A move towards and below the 1.0600 round number would confirm the switch of the broader outlook to a bearish one with the next support coming from 1.0520, registered in October 2023.On the other hand, a successful rise above the 1.0665-1.0685 restrictive region could give the
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Analysis - 2 weeks ago

Daily Comment – Positive sentiment lingers despite mixed newsflow

Markets continue to dance to the tune of Trump’s winGold and oil suffer, while bitcoin and equities rallyMinority government in Japan, BoJ mini-minutes unsurprisingEuro under pressure as Germany gets closer to snap electionTrump prepares to take overThe markets continue to digest Trump’s victory and last Thursday's dovish Fed rate cut, with most market participants now speculating on the course of action of the new administration as the president-elect is assembling his cabinet. In this
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Analysis - 2 weeks agoBearish

Technical Analysis – EURUSD creates negative gap near 1.0700

EURUSD remains under selling pressure Next pause at 1.0665-1.0685Stochastics and MACD confirm bearish structureEURUSD recently took a considerable dive, falling beneath the 1.0700 round number and developing below the long-term ascending trend line. The pair began the day with a negative gap, with the technical oscillator suggesting further declines. The stochastic is moving  toward the oversold region, while the MACD is extending its bearish momentum beneath its trigger and zero lines
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Analysis - 2 weeks ago

Week Ahead – US CPI to shift market focus back to data after Trump shock

After Trump comeback, normality to return to markets with US CPIGDP data from UK and Japan to also be importantBut volatility to likely persist as markets assess impact of Trump 2.0US CPI eyed as rate cut bets fade after Trump winDonald Trump’s historic return to the White House was met with a euphoric response by the markets. Wall Street and Bitcoin rallied to record highs, while the US dollar skyrocketed to 4-month highs.
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Analysis - 2 weeks ago

Daily Comment – Fed delivers rate cut, stocks rally but dollar not impressed

Fed cuts rates and keeps door open to a December movePowell appears confident about the inflation outlookEquities’ euphoria continues, strongest weekly rally of 2024Yen manages to gain against the US dollarThe Fed announces a rate cutWith the markets still digesting Trump’s win, the Fed announced the much-anticipated rate cut. Unswayed by concerns that Trump’s second term might lead to extreme protectionism and thus keep inflation high, the FOMC cut rates by 25bps, with Chairman Powell app
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Analysis - 2 weeks ago

Daily Comment – Dollar pauses rally ahead of Fed, BoE meets as well

Dollar traders take a breather as Fed decision loomsFocus to fall on how likely a pause is in coming monthsBoE expected to cut, could take the sidelines in DecemberWall Street continues to celebrate Trump’s winWill the US election outcome impact Fed policy?After hitting a four-month high on the heels of Donald Trump’s return to the White House, the dollar is pulling back today, as traders may have decided to lock some profits after the sharp rally and ahead of the Fed decision later today.Wi
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