All Articles Tagged - EURUSD

Daily Market Comment – Omicron fears grip markets as stimulus hopes fade

Posted on December 20, 2021 at 10:48 am GMT

Omicron restrictions and stimulus withdrawal haunt markets Global stocks, crude oil, and riskier currencies take a sharp hit Dollar shines amid flight to safety, Turkish lira capitulates Growth worries Global markets are taking fire from multiple directions as the new week gets underway. With Omicron spreading like wildfire through Europe, countries like the Netherlands have gone back into full lockdown while Germany and the UK are considering new measures that could hamper economic growth. The playbook throughout the pandemic has [..]

Technical Analysis – EURUSD consolidates near 1.1250; neutral bias

Posted on December 20, 2021 at 7:58 am GMT

EURUSD is consolidating its gains within the 16-month trough of 1.1185 and the 1.1360 resistance level, with the level of the 20-day simple moving average (SMA) in the middle at 1.1280. Regarding the technical indicators, the MACD is still moving above its trigger line in the negative region, approaching the zero level, while the RSI is sloping marginally up below the neutral threshold of 50. The 20-day SMA is looking ready for an upside turn, though the 40-day SMA is continuing the negative move. Should the [..]

Week Ahead – With the central bank mayhem out of the day, the festive wind down begins

Posted on December 17, 2021 at 10:51 am GMT

After a super exciting week, things will wind down significantly in the run up to the Christmas weekend, with the biggest risk for traders likely being suffering from post-central bank blues. Out of all the meetings, the Fed’s announcement undoubtedly had the largest bearing on the markets, whipsawing the dollar. But the bumpy times may not be over just yet for the greenback as the US agenda is the busiest in an otherwise quiet week. Meanwhile, stocks could get an [..]

Daily Market Comment – BoE raises rates, ECB raises forecasts

Posted on December 17, 2021 at 10:01 am GMT

Bank of England catches markets sleeping with rate increase European Central Bank slashes asset purchases, raises forecasts But stock markets fall back, taking the shine off sterling and euro BoE delivers surprise hike The Bank of England raised interest rates by 15 basis points yesterday in a move that caught investors sleeping on the wheel. While the British economy can certainly handle higher rates given the strength of the labor market and broadening inflationary pressures, the ferocious covid wave that [..]

US Open – Fed struck a more hawkish tone; BoE raises interest rates

Posted on December 16, 2021 at 2:02 pm GMT

Fed catches up with inflation; BoE raises interest rates On Wednesday, the Fed struck a more hawkish tone, doubling its tapering pace and signaling three rate hikes for 2022. However, the US dollar quickly erased early gains closing the day in red and only managing to outperform the Japanese yen. On Thursday, the 10-year US treasury yield ticked higher, while the US dollar fell against a basket of currencies, mirroring traders’ shift to riskier assets. Meanwhile, the BoE announced on Thursday [..]

Daily Market Comment – Hawkish Fed doesn’t intimidate markets, ECB and BoE next

Posted on December 16, 2021 at 9:40 am GMT

Fed doubles tapering speed, signals three rate hikes in 2022 Yet the dollar moves lower, stocks approach record highs SNB doesn’t do anything, ECB and BoE meetings coming up No stimulus? No problem What a crazy market. The Federal Reserve was as hawkish as possible yesterday, doubling the pace at which it reduces asset purchases and signaling three rate increases for next year. But despite the central bank hitting the brakes with full force, stock markets rallied furiously and the [..]

Technical Analysis – EURUSD rangebound but broader negative bias intact

Posted on December 15, 2021 at 3:31 pm GMT

EURUSD is currently hovering beneath the horizontal 50- and 100-period simple moving averages (SMAs) where sellers are trying to take command. The gliding 200-period SMA is endorsing the bearish outlook, while the flatlining 50- and 100-period SMAs are promoting a more sideways trajectory. The Ichimoku lines are not indicating any powerful directional forces, while the short-term oscillators are transmitting conflicting signals in momentum. The MACD is slightly underneath its red trigger line in the negative area, while the RSI is [..]

US Open Note – Will the Fed’s policy decision rattle the markets?

Posted on December 15, 2021 at 2:39 pm GMT

FOMC decision in the spotlight Markets are on edge as the Federal Reserve’s final policy decision for 2021 will hit the markets today at 19:00 GMT. The 10-year US treasury yield ticked higher ahead of the event, while the US dollar remains relatively unchanged. The central bank is widely expected to announce its plan to dial back its bond-purchases program at a faster pace and signal at least two rate hikes for next year, which could boost Treasury yields and [..]

Daily Market Comment – Fed gears up for battle, markets tremble

Posted on December 15, 2021 at 9:47 am GMT

Fed meeting today will be critical – all eyes on taper speed and dots Dollar climbs, stocks dive after US producer prices surge UK inflation spike revives BoE rate bets, gold rolls over Fed in the spotlight The Federal Reserve is widely expected to accelerate the pace at which it dials back its asset purchases today, opening the door for raising interest rates earlier. An onslaught of impressive economic data and intensifying inflationary pressures have left policymakers little choice but [..]

ECB meeting: Shadow tapering – Forex News Preview

Posted on December 14, 2021 at 3:38 pm GMT

The European Central Bank (ECB) will have to decide by how much to slash its asset purchases when it concludes its meeting at 12:45 GMT Thursday. It will probably be another battle between hawks and doves, with the most likely compromise being to cut quantitative easing in about half. As for the euro, the bigger picture remains gloomy. Inflation strikes back The ECB has a difficult balancing act to pull off this week. Inflation has accelerated dramatically, mostly thanks to [..]

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