All Articles Tagged - EURUSD

US Open Note – Pound unsurprised by Sunak’s mini budget; stocks moderately down

Posted on March 23, 2022 at 1:58 pm GMT

Gold steady, bond yields decelerate The military disaster in Ukraine remained mainly unchanged on Thursday, making investors wonder whether the ongoing talks between Russian and Ukrainian officials are indeed aiming for a ceasefire or are just a channel to persuade the opposite side to give up on its conditions. The next landmark on the geopolitical crisis will be the extraordinary NATO summit in Brussels on Thursday at the level of Heads of states and Governments, including the group of Seven and the [..]

Daily Market Comment – Yen melts down as yields go through the roof

Posted on March 23, 2022 at 9:48 am GMT

Relentless rally in bond yields crushes the Japanese yen But stock markets don’t get the memo, keep grinding higher UK spring budget and another dose of Powell coming up Yen pain trade Global bond yields continue to power higher, eclipsing pre-pandemic levels with the blessing of central bankers who are desperately trying to put the inflation genie back in the bottle. Investors are essentially dumping bonds in a fire sale manner, worried about suffering further losses on the price as [..]

Euro on recession watch ahead of PMI surveys – Forex News Preview

Posted on March 22, 2022 at 4:34 pm GMT

The latest PMI business surveys on Thursday will reveal how much damage the war has inflicted on the Eurozone economy. The show will get started with the French numbers at 08:15 GMT. Forecasts from economists suggest a very small economic impact, but that seems unrealistic considering all the uncertainty lately. Instead, the data might reflect the rising risk of a recession, which leaves the euro vulnerable to a negative ‘surprise’. What’s the damage? It has been clear from the beginning [..]

Technical Analysis – EURUSD’s broader bearish bias overshadows recent gains

Posted on March 22, 2022 at 4:26 pm GMT

EURUSD’s bounce from the 1.0960 level is being restricted from developing further by the mid-Bollinger band at 1.1044. The longer-term 100- and 200-period simple moving averages (SMAs), along with the 50-period SMA continue to back the bearish trend in the pair. The short-term oscillators are indicating weak and mixed signals in directional momentum. The MACD, is a tad below its red trigger and zero lines, while the downward pointing RSI, is toying with the 50 threshold. Yet, the stochastic oscillator [..]

US Open Note – US stocks positive tone endures

Posted on March 22, 2022 at 2:53 pm GMT

Dollar booster delivered by Fed Chairman Powell stuns sentiment After last week’s 25 basis points hike from the Federal Reserve, markets are still absorbing messages regarding Fed tightening, inflation and geopolitical developments. Sentiment remains shaky and reliant on positive developments out of the Ukraine conflict, while the growing hawkish rhetoric and stance from Chairman Powell has fired up US yields, aiding the dollar to flash green for a third day in a row. The 10-year yield is at 2.33% and [..]

Daily Market Comment – Dollar rips higher as traders crank up Fed rate bets

Posted on March 22, 2022 at 10:31 am GMT

Fed chief Powell highlights prospect of faster rate increases Dollar cruises higher, yen annihilated, gold escapes unscathed Stock markets close in the red but display some resilience too Powell turns up the heat The Federal Reserve keeps warning investors that it will need to pull out the big guns in its battle against inflation. Chairman Powell made it clear yesterday that his central bank is willing to do whatever it takes to ensure the US economy returns to price stability, [..]

US Open Note – Dollar firms as central bank vibes linger

Posted on March 21, 2022 at 2:29 pm GMT

Spotlight falls on Fed Chairman Powell Markets are still absorbing last week’s hawkish FOMC and how the Fed’s tightening will unfold over the next year and where the Fed funds rate will peak, especially with the inflationary risks that continue to feed market uncertainty. That said, the US economy will likely be affected the least by the Ukraine conflict, and rate differentials are tipping the scale more in favour of the dollar. Although having eased a tad, the US 10-year [..]

Daily Market Comment – Euro on recession watch, equities extend winning streak

Posted on March 21, 2022 at 10:20 am GMT

Stock markets power higher, flying against hawkish Fed Crunch time for euro, PMI surveys set to reveal war damage Oil spikes higher as EU considers joining Russian embargo Equity markets advance Wall Street extended its winning streak on Friday, undeterred by signals that the Fed is about to slam on the brakes to get spiraling inflation under control. The flagship S&P 500 closed the week with gains exceeding 6%, drawing power from a collapse in implied volatility after the Fed [..]

Technical Analysis – EURUSD faces fading bearish bias, but confirmation required

Posted on March 21, 2022 at 9:23 am GMT

EURUSD opened the week silently, hovering near Friday’s closing price and around the 20-day simple moving average (SMA) at 1.1046. The 1.1120 – 1.1180 territory, which has been a key constraint to upside and downside movements since the end of November, remains the main target following the bounce off 1.0805. Interestingly, the 61.8% Fibonacci retracement of the 1.0636 – 1.2348 upleg is placed within this zone, while the 50-day SMA is approaching that area too, making any violation here important to watch. Should [..]

Week Ahead – Flash PMIs to bring recession risks to the forefront, SNB meets

Posted on March 18, 2022 at 1:55 pm GMT

The upcoming week will quieten down a bit after what was a busy time for central banks and geopolitical events. But there’s still plenty of activity ahead as the latest flash PMI readings are due and the Swiss National Bank will keep the monetary policy theme running, not to mention how the war in Ukraine will unfold amid slow progress in the negotiations for a ceasefire. Will Eurozone PMIs flag a slowdown? The fallout from the Ukraine conflict has had [..]

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