All Articles Tagged - EURUSD

Technical Analysis – EURUSD starts new bullish wave within bearish channel

Posted on July 20, 2022 at 1:37 pm GMT

EURUSD kicked off a new bullish correction at the bottom of the five-month-old bearish channel after sinking to a new 20-year low of 0.9955 last week. While the pair has recovered above parity ahead of Thursday’s ECB policy announcement, the 20-day simple moving average (SMA) came to renew downside pressures at 1.0276 today. In momentum indicators, the RSI has not crawled above its 50 neutral mark yet despite the bullish reversal in the price, feeding some skepticism too. Yet, with the MACD deviating above its [..]

Daily Market Comment – Wall Street rallies on earnings boost, euro hits 2-week high on ECB bets

Posted on July 20, 2022 at 9:14 am GMT

Gloom fades further with the help of earnings as stocks rally, dollar retreats Euro extends recovery as ECB decision looms, gas supply fears subside Pound rises on hawkish BoE but political risks cap gains Have stocks reached a bottom? The market mood improved dramatically overnight after Wall Street notched up its best daily gains in almost four weeks. After the recent avalanche of dreadful headlines, things appear to be looking up somewhat, leading some investors to speculate whether the worst [..]

ECB to hike rates amid energy worries, anti-fragmentation tool eyed as euro bounces back – Forex News Preview

Posted on July 19, 2022 at 2:26 pm GMT

The European Central Bank is expected to embark on its first rate hike cycle in more than a decade on Thursday. The Bank will announce its decision at the new time of 12:15 GMT, followed by a press conference from President Christine Lagarde at 12:45 GMT. After years of ultra-accommodative policy, the long-awaited shift towards policy normalization has failed to spur significant bullish sentiment towards the flagging single currency, which last week had a brush with parity versus the US [..]

Daily Market Comment – Stocks falter as Apple weighs but dollar remains soft, euro rallies

Posted on July 19, 2022 at 8:45 am GMT

Equity rebound stumbles as Apple dents optimism ahead of tech earnings Euro rebound gains traction on ECB sources as gas flow resumption awaited Dollar stays on the backfoot, aussie jumps on hawkish RBA minutes Wall Street looking shaky again amid uncertainties Market sentiment remained broadly positive on Tuesday but there was a greater sense of cautiousness amid worries about the earnings outlook, ongoing recession fears and some apprehension ahead of the policy decisions by the European Central Bank and Bank [..]

Daily Market Comment – Sentiment improves on data, easing Fed fears; stocks and euro edge up

Posted on July 18, 2022 at 9:14 am GMT

Strong US retail sales and softer inflation expectations lift Wall Street Dollar knocked off highs as 100-bps Fed rate hike bets pared back Euro tries to distance itself from parity but Italy and gas supply risks cap gains WTI oil tests $100 on summer demand after Biden’s Saudi trip bears no fruit Stocks set for positive start to week Equity markets got off to a buoyant start on Monday as recession panic continued to subside following some encouraging data out [..]

Week Ahead – Pressure mounts on ECB and BoJ after latest dollar surge

Posted on July 15, 2022 at 11:45 am GMT

After another sizzling-hot inflation report out of the United States, the European Central Bank and Bank of Japan will meet against the worrisome setting of their currencies plunging. The former is expected to launch its tightening cycle, but the latter may make a surprise policy move even though it has not signalled any action. It’s looking to be an eventful week on the data front as well, as the flash PMI estimates for July and inflation numbers are due in [..]

Daily Market Comment – Euro/dollar sinks below parity but Fed provides life jacket

Posted on July 15, 2022 at 9:10 am GMT

Euro/dollar falls through parity, then reverses as Fed downplays 100bp rate hike Stock markets and oil prices follow similar path, but gold can’t catch a break Chinese economy contracts, Italian politics in the spotlight, key US data eyed Not so fast The world’s most liquid currency pair pierced through the legendary parity level yesterday after another sizzling-hot reading on US producer prices added credence to speculation that the Federal Reserve might raise interest rates by one percentage point this month. [..]

Daily Market Comment – US inflation bombshell sends shockwaves through markets

Posted on July 14, 2022 at 9:19 am GMT

US inflation comes in hotter than expected, putting 100bp Fed hike into play Yen resumes its downtrend ahead of next week’s Bank of Japan meeting Euro/dollar holds parity, BoC delivers king-sized hike, earnings season begins Fed playbook gets redrawn Another scorching hot inflation reading from the US unleashed havoc yesterday, sending traders scrambling to recalibrate the trajectory for interest rates. Inflation as measured by the CPI accelerated to 9.1% in yearly terms, the fastest pace in four decades. Most concerning [..]

Daily Market Comment – US inflation report and BoC rate decision coming up

Posted on July 13, 2022 at 8:25 am GMT

Euro/dollar stabilizes around parity, awaits US inflation data for fuel Another round of selling hits stock markets and commodity prices RBNZ raises rates but markets barely react, Bank of Canada next You shall not pass The price action in euro/dollar has captivated the entire financial system this week as the bulls and bears battle it out for control of the parity level. It has been a stalemate so far, although that might change once the latest US inflation report is [..]

Dollar goes on a rampage ahead of US inflation report – Forex News Preview

Posted on July 12, 2022 at 2:37 pm GMT

The US dollar has been trading like a rocket lately, crushing every other major currency as recession concerns pushed investors into the safety of the reserve currency. The latest inflation numbers at 12:30 GMT Wednesday and retail sales on Friday will be crucial in determining whether this trend still has some miles left in the tank as euro/dollar battles with parity. All weather currency A unique dynamic has been playing out over the past few months – all news has [..]

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.

EURUSD

XM Live Chat