All Articles Tagged - EURUSD

Daily Market Comment – Euro pinned near 20-year low as recession worries mount but stocks inch up

Posted on July 6, 2022 at 9:17 am GMT

Euro languishes near two-decade low, dollar stands tall amid heightened recession angst Stocks show sign of life, oil edges higher but copper slips to new lows Fresh political storm adds to pound’s woes as Johnson’s future in doubt 2Y/10Y yield curve inverts ahead of Fed minutes Euro hammered by energy crisis Market sentiment remained mired in recession anxiety as the latest spike in natural gas prices fuelled concerns that the energy crisis will drag Europe into a major economic slump. [..]

Daily Market Comment – Dollar shoots higher, euro sinks as recession fears return, stocks reverse gains

Posted on July 5, 2022 at 9:46 am GMT

Dollar surges to fresh two-decade high as euro crumbles on recession jitters Aussie plunges too after RBA rate decision, stock rebound falters But some optimism as Biden mulls easing Chinese import duties, Asian PMIs jump Risk appetite falters as spike in natural gas prices dents optimism Recession worries took a bit of a backseat at the start of July as the selloff paused for breath, but the panic crept back in on Tuesday as a fresh surge in natural gas [..]

Technical Analysis – EURUSD stays afloat above May’s lows; bias still bearish

Posted on July 4, 2022 at 9:21 am GMT

EURUSD managed to stay afloat above the downtrend’s bottom line of 1.0348 for the third time despite its bearish weekly close. Nevertheless, negative risks keep lingering in the background. Particularly, the 20-day simple moving average (SMA) has resumed its negative slope after failing to cross above the 50-day SMA, while the RSI and the MACD are also pointing to the downside, with the former distancing itself below its 50 neutral level and the latter deviating beneath its red signal line. [..]

Daily Market Comment – Dollar softer after spike as Fed rate hike bets recede further

Posted on July 4, 2022 at 9:04 am GMT

Markets steadier despite recession signs as Fed tightening bets scaled back Dollar edges down while lower yields shore up Wall Street Aussie leads the gainers ahead of expected RBA rate hike A fragile calm amid recession red flags Trading got off to a relatively calmer start on Monday, with the US dollar backing away from more than two-week highs and global equities moving higher on the back of Wall Street’s gains on Friday. European government debt was under slight pressure [..]

Week Ahead – RBA to hike again but spotlight on NFP amid recession angst

Posted on July 1, 2022 at 12:42 pm GMT

Worries about a looming recession are dragging stock markets lower again. There’s a raft of data on the way that could lessen or heighten those concerns, most notably, the latest jobs report in the United States. But even if there is some possibility of positive relief from next week’s releases, central banks pose a downside risk to sentiment. The minutes of the Federal Reserve’s and European Central Bank’s policy meetings will likely reiterate their hawkish stance, while the Reserve Bank [..]

Daily Market Comment – Yen enjoys some relief as oil prices cool off

Posted on July 1, 2022 at 8:38 am GMT

Yen bounces back as growth concerns pressure crude oil and yields New quarter but investors still defensive – stocks, aussie, kiwi down Striking part is that gold cannot capitalize, hits six-week low instead Yen reprieve The new quarter has not changed much in global markets. Growth concerns are still the name of the game, keeping riskier assets under heavy pressure and pushing market participants towards defensive plays. Stock markets are a sea of red in every region, trade-sensitive currencies such [..]

Daily Market Comment – Wall Street under pressure as growth risks dominate

Posted on June 30, 2022 at 9:06 am GMT

Markets price in Fed rate cuts for next year as recession woes deepen Dollar powers up, euro/franc breaks below parity, stock futures drop Oil retreats ahead of OPEC decision, America moves to ban TikTok Fed rate cuts? An abysmal quarter for financial markets is finally drawing to a close, with bond and equity investors left shell-shocked from the relentless barrage of rising interest rates. The only winners in this gruesome inflationary environment were the US dollar and oil prices, as [..]

Technical Analysis – ΕURUSD capped by 50-SMA as bearish bias prevails

Posted on June 29, 2022 at 2:36 pm GMT

EURUSD is exhibiting signs of weakness after it has repeatedly failed to cross above its 50-period simple moving average (SMA). Moreover, the price is currently trading below the Ichimoku cloud, endorsing a broader bearish short-term technical picture. The momentum indicators are suggesting that near-term risks are tilted to the downside. Specifically, the stochastic oscillator is descending after posting a bearish cross, while the RSI is pointing downwards beneath the 50-neutral threshold. To the downside, bearish actions could send the price [..]

Eurozone CPI inflation likely to roar again – Forex News Preview

Posted on June 29, 2022 at 12:58 pm GMT

The era of subzero interest rates will conclude in the eurozone next month after a decade, but what is less certain is how fast the monetary tightening phase will develop in the year ahead as recession risks build up in investors’ mind. Flash CPI inflation figures will provide some clues on Friday at 10:00 GMT, with forecasts pointing to a new record high. Inflation to hit a new all-time high The headline CPI inflation figure is expected to unlock a [..]

Daily Market Comment – Dollar advances, stocks roll over as growth worries return

Posted on June 29, 2022 at 9:00 am GMT

Traders play some defense after US consumer confidence disappoints Dollar dominates, franc shines, tech stocks back under selling pressure German inflation stats and speeches by Fed, ECB, and BoE leaders today Royal flush Growth concerns returned to haunt global markets yesterday after the US consumer confidence index fell short of expectations, adding credence to the view that economic momentum is evaporating as the cost of living crisis bites. Some disappointing regional manufacturing surveys underscored the same point. Recession watchers have [..]

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