All Articles Tagged - EURUSD

Market Comment – Euro extends losses on French election jitters

Posted on June 17, 2024 at 9:02 am GMT

Euro hits 6-week low as risk premium for French debt jumps But equities mixed as selloff eases Trio of central bank decisions eyed Euro rocked by fresh fears of a debt crisis Concerns about the real risk of a far-right government in France continue to dog the euro after they resurfaced towards the end of last week. Having shed more than 1% so far in June, the euro is struggling to hold on to the $1.07 level on Monday and [..]

Technical Analysis – EURUSD in a dramatic downfall

Posted on June 14, 2024 at 11:13 am GMT

EURUSD corrects sharply down to 1½-month low; gives up previous gains Technical signals remain bearish; support expected near 1.0650-1.0660 EURUSD continued to sink for the second consecutive day on Friday, reversing entirely its post-US CPI upturn and trimming a significant portion of its April-June uptrend to trade at a 1½-month low of 1.0670. The sharp selling started after the bulls failed to climb above the support-turned-resistance trendline at 1.0850 and the 200-period simple moving average (SMA), while lower, the rejection near [..]

Week Ahead – RBA, SNB and BoE next to decide, CPI and PMI data also on tap

Posted on June 14, 2024 at 9:21 am GMT

It will be another central-bank-heavy week with the RBA, SNB and BoE None are expected to cut but there’s room for surprises Retail sales will be the highlight in the United States Plenty of other data also on the way, including flash PMIs and UK CPI RBA is in a pickle The Reserve Bank of Australia will keep the central bank theme going on Tuesday when it meets for its June policy decision. Like their global peers, RBA policymakers had [..]

Market Comment – Dollar higher, yen under pressure but stocks feel good

Posted on June 14, 2024 at 8:18 am GMT

Yen suffers from BoJ’s inactivity Dollar recovers from Wednesday’s underperformance US stock indices’ euphoria continues BoJ meeting held no surprises The yen is under pressure again today as the Bank of Japan kept its interest rate unchanged and decided to trim its bond buying programme but postponed the announcement of the new size of bond purchases until the July meeting. Governor Ueda tried to moderate the market reaction at the press conference, but the market is mostly interested in actual [..]

Technical Analysis – EURUSD recoups losses and bearish gap after US CPI

Posted on June 12, 2024 at 1:32 pm GMT

EURUSD posts gains above 1.0800 RSI crosses above 50 level EURUSD is extending its rebound off 1.0740 after US inflation data that was lower than expected. The pair jumped above the 50- and the 200-day simple moving averages (SMAs) as well as the 1.0800 round number. Technically, the RSI indicator is currently crossing the 50 level to the upside; however, the MACD is losing momentum beneath its trigger line and near the zero level. In case buyers hold control and [..]

After Macron’s election gamble, is political risk a new headwind for the euro? – Special Report

Posted on June 12, 2024 at 11:30 am GMT

Snap elections in France spur panic in euro and French stock market Doubts about Germany’s coalition add to euro’s woes Is political instability about to become a persistent risk for the euro? Europe steers to the right Financial markets don’t usually pay so much attention to elections for the European Parliament, as national governments are often seen as the bigger force in setting EU policy. However, whilst the outcome of far-right parties faring well was widely predicted, it is the [..]

Market Comment – Traders lock gaze on US inflation and Fed decision

Posted on June 12, 2024 at 8:02 am GMT

Dollar awaits US CPI data and Fed projections Euro still feels the heat of EU elections Nasdaq and S&P 500 hit fresh records ahead of Fed US CPI data and Fed to rock the boat The US dollar traded mixed on Tuesday, extending its gains against the euro, the yen and the franc, but losing some ground versus the kiwi and the pound. Today, the greenback seems to be stabilizing against most of its peers as traders may have adopted [..]

Volatility surges across the board – Volatility Watch

Posted on June 11, 2024 at 9:46 am GMT

Forex pairs are very volatile after strong NFP report Volatility in gold and silver ticks up, oil swims in calm waters US equities exhibit volatility jump amid correction fears Volatility in dollar crosses has picked up as the stronger-than-expected NFP report dialed back rate cut expectations, while investors are bracing for the FOMC meeting and the CPI print later this week. Euro pairs are in a similar position after the EU elections sparked a wave of politically instability across major countries like France and Belgium. In commodities, gold and silver have [..]

Market Comment – Market prepares for Wednesday’s events

Posted on June 11, 2024 at 8:03 am GMT

Euro tries to recoup part of Monday’s losses US stock indices trade sideways but volatility remains high Lighter US calendar but some interest on the 10-year bond auction Pound is on the backfoot after the weaker jobs data Euro tries to recover from Monday’s drop The euro remains on the backfoot following Sunday’s European election results. The snap parliamentary elections called in France have been generating the most headlines, but the key event of the weekend was the very weak [..]

Technical Analysis – EURUSD turns bearish in short term after dramatic slump

Posted on June 10, 2024 at 12:18 pm GMT

EURUSD falls to 1-month low after European elections MACD and RSI move south EURUSD opened with a negative gap on Monday beneath the 50- and the 200-day simple moving averages (SMAs). The strong 1.0800 barrier, as well as the short-term uptrend line, were penetrated to the downside. Currently, the pair is battling with the medium-term descending trend line near a new one-month low of 1.0730. According to technical oscillators, the RSI fell below the 50 level, indicating more downside moves, while the MACD is standing [..]

EURUSD

XM Live Chat