All Articles Tagged - EURUSD

Technical Analysis – EURUSD opens neutral as bearish risk still lingers

Posted on March 14, 2022 at 8:37 am GMT

EURUSD has been silent near Friday’s low of 1.0900 during the early European trading hours on Monday. Previously, the pair got rejected near the 1.0730 territory, unable to climb back above the descending trendline, which is the upper boundary of the 2008 – 2020 bearish channel, raising fears that the series of lower lows could see further extension. After some period of consolidation, the 20- and 50-day simple moving averages (SMAs) posted a bearish cross, endorsing the negative trend in [..]

US Open Note – Risk appetite improves on President’s Putin remarks

Posted on March 11, 2022 at 1:49 pm GMT

Alleged Putin comments improve market sentiment Global markets seem set to finish the week on a risk-on mode as the Russian President Vladimir Putin was reportedly cited saying that talks with Ukraine have been positive, offsetting yesterday’s defensive mood. This appears to have weighed on safe haven demand with the US dollar staying relatively flat against a basket of currencies, while the Japanese yen and gold have witnessed significant pullbacks on Friday. Moreover, US sovereign bond prices eased, sending the [..]

Week Ahead – Fed and BoE meet as inflation fears intensify

Posted on March 11, 2022 at 12:42 pm GMT

Global markets descended into turmoil after Russian forces rolled into Ukraine. Commodity prices have gone through the roof and traders are betting this shock will keep the inflationary fire burning for some time. The Fed and the Bank of England are set to raise interest rates next week to combat spiraling prices, although the most crucial variable for their respective currencies may be whether there’s a ceasefire in the war. One big trade Ever since the Russian invasion, financial markets [..]

Daily Market Comment – Mood sours again after Russia-Ukraine deadlock; dollar stands tall

Posted on March 11, 2022 at 10:01 am GMT

Lack of progress in Ukraine peace talks weighs on stocks again Euro slips as ECB’s hawkish surprise comes with a dovish twist Dollar hits 5-year high versus yen amid ongoing safe-haven appeal and Fed bets Fresh jitters after no progress in Ukraine talks Equity markets are feeling the strain of war again as talks between the Russian and Ukrainian foreign ministers in Turkey on Thursday went nowhere. Hopes that the two sides might reach some kind of a ceasefire agreement [..]

US Open Note – US CPI and ECB meeting in the spotlight

Posted on March 10, 2022 at 2:36 pm GMT

US CPI ticks up to fresh 40-year high The annual rate of inflation in the United States increased to 7.9% in February 2022, the highest level since January 1982, in line with market predictions. Still, the worst effects of the Ukraine war and the resulting increase in energy costs are yet to come, and will be exacerbated by as a result of the sanctions against Moscow, including the US ban on Russian oil imports. Although inflation was expected to peak in March, recent events in Europe, along with persistent supply restrictions, strong demand, [..]

Daily Market Comment – Buoyed sentiment ahead of peace talks; oil sinks on UAE supply signals

Posted on March 10, 2022 at 10:29 am GMT

Equities rally on hopes of a ceasefire as Russian and Ukrainian foreign ministers meet Oil recoups some losses after tumbling on possible supply increase by OPEC Euro drifts lower ahead of crucial ECB meeting, firmer dollar eyes US CPI data Cautious optimism for talks supports mood The first high-level talks between Russian and Ukrainian diplomats are due to take place later today, spurring some optimism in hard-trodden markets. The foreign ministers of Russia and Ukraine are meeting in Turkey and [..]

Technical Analysis – EURUSD crosses above its 50-SMA; outlook remains bearish

Posted on March 10, 2022 at 8:38 am GMT

EURUSD has powered back higher, crossing above its 50-period simple moving average (SMA) as positive momentum resurfaced. However, the pair continues to record successive lower lows and lower highs, supporting its overall bearish outlook. Short-term momentum indicators reflect a positive bias for the index, as the RSI is hovering above its 50 neutral mark. The MACD is found above zero and its red signal line, which indicates that the positive momentum in the price might be gaining further steam. The [..]

US Open Note – Energy prices ease as risk appetite improves

Posted on March 9, 2022 at 1:51 pm GMT

Oil supply disruptions weigh on global growth outlook With the unfolding Russian invasion of Ukraine in focus, the US and the UK have announced an embargo on Russian fossil fuel imports. Meanwhile, the European Union has also declared its decision to slash its reliance on Russian natural gas by two thirds. Responding to these sanctions, Russia threatened to cut gas supplies to Europe, while President Putin has already signed an order to restrict exports of some goods and raw materials. [..]

Daily Market Comment – Markets calmer as Russian ‘setback’ supports risk appetite

Posted on March 9, 2022 at 10:22 am GMT

Stocks attempt another rebound amid lack of fresh Ukraine headlines But markets struggling for clear direction ahead of key events Oil keeps surging after US and UK ban imports of Russian oil Slowing Russian advances might be aiding sentiment Riskier assets were back in fashion on Wednesday while safe havens were largely on the retreat as ‘risk-on’ was attempting another comeback after yesterday’s bid fell flat in another highly choppy session. There is no single factor that seems to be [..]

Technical Analysis – EURUSD recoups losses from 22-month low; eyes 1.0900

Posted on March 8, 2022 at 3:10 pm GMT

EURUSD is rebounding off the 22-month low of 1.0805, recorded on Monday, jumping above the 1.0900 round number. The selling interest started after the drop below the 1.1120 barrier, that was the lower boundary of the long-term trading range, shifting the outlook to bearish. Technically, the RSI indicator is looking oversold and is signalling a potential upside recovery in the short-term. However, the MACD oscillator is extending its negative structure below its trigger and zero lines. Should buyers remain above [..]

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