EURUSD

Germany to avoid recession in Q4 but risks still lurk – Forex News Preview

Posted on February 12, 2019 at 4:20 pm GMT

The euro has been in a disadvantageous position over the past two weeks as Italy tipped into recession at the end of last year, while the ongoing Brexit drama continued to restrict buying interest for the currency. Concerns have been also growing in Germany, where the third quarter saw the biggest EU economy contracting for the first time after four years, with investors anxiously waiting fresh GDP growth readings out of the country on Thursday to determine whether the economy [..]

European Open Preview – Dollar rips higher; RBNZ meeting in focus

Posted on February 12, 2019 at 8:53 am GMT

Dollar soars as ‘there is no alternative’; Fed’s Powell speaks at 17:45 GMT News US government shutdown may be avoided support risk sentiment RBNZ meets overnight; may strike a cautious tone, but is unlikely to be as dovish as market pricing implies Dollar rips higher, but can the bulls stay in control? The greenback shined for yet another session, continuing its unrelenting rally for an eighth day in a row versus a basket of major currencies, without much in the [..]

European Open Preview – Dollar extends winning streak; franc suffers mini “flash crash”

Posted on February 11, 2019 at 9:07 am GMT

Dollar ticks up, stocks mixed as risk sentiment remains fragile Swiss franc had a mini “flash crash” overnight, amid thin liquidity conditions UK GDP data due today, but focus remains on Thursday’s Brexit vote in Parliament Dollar climbs, stocks steady as sentiment remains wobbly The dollar advanced for a 7th straight session against a basket of currencies on Friday, albeit only modestly, as investors sought the security of the world’s reserve currency amid concerns around the health of the global [..]

Technical Analysis – EURUSD rebounds on short-term uptrend line; stochastic oversold

Posted on February 11, 2019 at 7:38 am GMT

EURUSD has tumbled over the preceding five consecutive days, falling back below the 20- and 40-simple moving averages (SMAs) in the daily timeframe. Also, the SMAs posted a bearish crossover last Friday, signaling negative movement. Currently, the price is attempting a rebound on the near-term ascending trend line, around the 1.1300 psychological level, erasing some significant losses. Looking at the technical indicators, the %K line of the stochastic oscillator recorded a positive cross with the %D line in the oversold zone, suggesting [..]

Week Ahead – Japanese and UK Q4 GDP in focus; Kiwi readies for dovish noises from RBNZ

Posted on February 8, 2019 at 2:46 pm GMT

Japan and the United Kingdom will be next to publish economic growth numbers for the final quarter of 2018, while the Eurozone will release its second GDP estimate for the period. Inflation data out of the US and the UK will also be watched. The Reserve Bank of New Zealand will be among the last of the major central banks to hold its first monetary policy meeting of 2019. The Bank is unlikely to buck the trend and will probably [..]

European Open Preview – Stocks retreat on trade woes; BoE ‘holds the line’

Posted on February 8, 2019 at 8:54 am GMT

Risk aversion returns as Trump reignites trade fears, says he won’t meet Xi soon Sterling rebounds as BoE sticks to hiking plans, but Brexit uncertainty lingers Euro drifts lower after EU Commission slashes growth forecasts Canadian employment data coming up Stocks take a hit as Trump says he won’t meet Xi soon US equity markets closed well in the red yesterday, with the S&P 500 shedding 0.94%, following headlines that President Trump will not meet President Xi before the March [..]

Euro recovery turns sour again as recession risks grow; will the ECB come to the rescue? – Special Report

Posted on February 7, 2019 at 2:25 pm GMT

The euro’s slow recovery against the US dollar from November’s 16½-month low appears to have stalled as the outlook for the Eurozone economy grows grimmer by the day with no sign yet that a turnaround is around the corner. Expectations that the European Central Bank will nevertheless press ahead with its plans to start raising rates later this year, along with a pullback in the greenback have been supporting the single currency until recently. However, with the ECB’s normalization plans [..]

European Open Preview – No hawkish bits from BoE today; kiwi capitulates

Posted on February 7, 2019 at 8:31 am GMT

BoE may adopt a cautious tone today amid slowing economy, Brexit uncertainty Kiwi dollar collapses after soft jobs data ignite speculation for RBNZ rate cut Greenback capitalizes on weakness in other currencies; stocks stall BoE to strike cautious tone as Brexit uncertainty reigns The spotlight will fall on the Bank of England (BoE) today, which is expected to keep its policy unchanged via a unanimous vote at 12:00 GMT. Updated economic forecasts and a press conference by Governor Carney will [..]

European Open Preview – RBA chief jawbones aussie lower; pound slides

Posted on February 6, 2019 at 8:52 am GMT

Aussie plummets as RBA Governor changes tune, puts rate cut on table Pound dives after weak services PMI reinforces speculation for dovish BoE US stock markets cruise to fresh two-month highs RBA Governor reacquaints aussie with gravity The Australian dollar is in freefall early on Wednesday, losing more than a cent against its US counterpart, following some cautious-sounding remarks from RBA Governor Philip Lowe earlier. He backpedaled on some of the Bank’s prior rhetoric that the next move in interest [..]

German industrial indicators to turn positive in December; unlikely to change dim outlook – Forex News Preview

Posted on February 5, 2019 at 3:05 pm GMT

Key indicators out of Germany will be in focus this week as investors assess the health of the Eurozone’s industrial powerhouse for the month of December. Industrial orders will be watched first on Wednesday, followed by industrial production numbers on Thursday and trade figures on Friday, all due at 0700 GMT. After a dismal second half for industrial activity, 2018 is expected to have ended somewhat more positively. However, traders might treat any rebound with caution given recent downgrades to [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms