All Articles Tagged - EURUSD

Technical Analysis – EURUSD shows some positive signs in short-term; double top is active

Posted on February 21, 2022 at 7:41 am GMT

EURUSD has found strong support at the blue Kijun-sen line of the Ichimoku indicator, while it is still standing above the short-term simple moving averages (SMAs). The double top formation is still holding but any breaks above 1.1480 may shift the neutral outlook to bullish. Regarding the technical indicators, the RSI indicator is pointing upwards around the neutral threshold of 50, while the MACD is falling below its trigger line in the positive region with weak momentum. Furthermore, the Ichimoku cloud is acting as a resistance [..]

Week Ahead – PCE inflation, flash PMIs, RBNZ meeting lined up as Ukraine tensions linger

Posted on February 18, 2022 at 2:05 pm GMT

The Reserve Bank of New Zealand is poised to raise interest rates for a third time next week. But will it pull the 50 basis points trigger this time, setting a precedent for other central banks? In a week where PCE inflation numbers will be in focus in the United States, the RBNZ’s actions could have rippling effects for Fed policy speculation. Elsewhere, the flash PMI readings for February will be the centre of attention as consumers face a growing [..]

Eurozone PMIs could decide the ECB’s next move – Forex News Preview

Posted on February 18, 2022 at 12:18 pm GMT

The latest PMI business surveys from the euro area will be released early on Monday, starting with the French numbers at 08:15 GMT. Inflation has fired up and the jobs market is healing quickly, pushing the European Central Bank to signal that rate increases are coming. The timing remains uncertain though, so the upcoming data could be crucial in shaping market expectations and thus driving the euro. Heating up There’s a raging debate in market circles around the ECB’s next [..]

Daily Market Comment – Stock markets tank but FX doesn’t get the memo

Posted on February 18, 2022 at 9:58 am GMT

Equities get hammered until US-Russia meeting calms some nerves Yen advances but broader FX market almost immune to tensions Iran nuclear deal draft keeps oil in check, Fed speakers in focus Geopolitics running the show A series of reports about shelling attacks between the Ukrainian army and Russian-backed separatists injected another dose of uncertainty into global markets. Equities suffered the most damage, with the tech-packed Nasdaq losing almost 3% as traders unloaded riskier assets. By contrast, safe havens came back [..]

Technical Analysis – EURUSD heads up within Ichimoku cloud

Posted on February 17, 2022 at 2:16 pm GMT

EURUSD is moving with weak momentum over the last couple of sessions, holding within the short-term simple moving averages (SMAs) and the Ichimoku cloud. The technical indicators are mirroring the latest movements as the MACD is moving sideways around the zero level and the RSI is touching its neutral threshold of 50. If the market manages to pick up speed, the 40-period SMA at 1.1375 could offer nearby resistance ahead of the 1.1400 psychological mark. A significant close above the [..]

Daily Market Comment – Markets rattled by reports of shelling in Ukraine

Posted on February 17, 2022 at 10:15 am GMT

Reports of skirmishes on Ukrainian border revive the geopolitical trade Stocks cannot sustain boost from Fed minutes, oil and gold recover Dollar and yen come back to life, risk sentiment in the driver’s seat Ukraine conflict heats up Geopolitical worries have taken investors on a wild roller coaster ride this week, which is still going. The tranquility that markets enjoyed yesterday came to an abrupt end after Russian-backed separatists in Ukraine accused government forces of opening fire on them. Ukraine’s [..]

US Open Note – FOMC minutes next on the radar; Canada CPI surprises

Posted on February 16, 2022 at 2:05 pm GMT

US retail sales beat estimates; FOMC minutes next on the agenda The minutes of the Federal Reserve’s last meeting are on investor’s radar today and will be looking for details on its plans to reduce its enormous balance sheet and raise interest rates in 2022, as well as its evolving outlook on inflation. At the meeting on January 25-26, policymakers agreed that raising the Fed’s benchmark overnight interest rate from near-zero would be “soon appropriate” and discussed the future of the $9 trillion in securities owned by the central bank. [..]

Daily Market Comment – Cooling Ukraine tensions revive the euro and stocks

Posted on February 16, 2022 at 10:12 am GMT

Signs of de-escalation in the Ukraine crisis spark relief rally Stock markets and euro storm back, gold and oil prices retreat Fed minutes and US retail sales eyed – is the dollar rally exhausted? Risk appetite comes back A sense of optimism has returned to global markets following reports that Russia has withdrawn some forces from the border with Ukraine. Equity markets came back swinging as traders priced out geopolitical risk and loaded up on riskier assets again, betting that [..]

Dollar recovers ahead of Fed minutes and retail sales – Forex News Preview

Posted on February 15, 2022 at 4:12 pm GMT

Traders are betting the Fed will take a sledgehammer to crush inflation, but that wasn’t enough to really boost the dollar until fears of armed conflict in Ukraine sent investors into the reserve currency’s safety. The latest retail sales data will hit the markets on Wednesday alongside the minutes of the most recent Fed meeting, and how the dollar reacts could reveal whether the rally is truly exhausted. Lackluster dollar With US inflation continuing to accelerate, markets are betting the [..]

Daily Market Comment – Markets continue to trade geopolitics

Posted on February 15, 2022 at 10:16 am GMT

Conflicting Ukraine headlines send stocks on a rollercoaster Gold and oil push higher amid hedging demand, but cool off Dollar takes a step back ahead of US producer price data Lost in translation Geopolitics remain in the driver’s seat for global markets, and it’s been a wild ride. A series of conflicting reports around Ukraine sparked all kinds of volatility in stocks yesterday as trading algorithms were apparently overloaded with headlines they couldn’t process. It all started with the Russian [..]

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