All Articles Tagged - EURUSD

US Open Note – Yen and oil surge as futures are steady

Posted on September 15, 2021 at 1:00 pm GMT

US inflation mildly affects dollar US inflation had a mild negative influence on the dollar, but yesterday’s fragile risk sentiment gave it a boost. This suggests that markets believe the Fed will delay tapering next week, which might lead to a range bound environment until the end of the week. In addition, China’s efforts to rein in private enterprises and the impact of the delta virus strain on economic development are among them. The US dollar index is heading south around the 50-day simple moving average (SMA), [..]

Daily Market Comment – Dollar unscathed by soft inflation, equities resume slide

Posted on September 15, 2021 at 8:45 am GMT

Dollar takes little damage despite signs US inflation has peaked Wall Street resumes selloff – all eyes on China contagion risks Canadian data coming up ahead of elections, gold wakes up Dollar defies gravity The US dollar has displayed an uncanny ability to absorb bad news without even a scratch lately, a power that was on full display yesterday after the latest US inflation stats disappointed. The annual core CPI rate fell by more than expected to reach 4%, adding [..]

US Open Note – Stocks push up and dollar index slips below 92.44

Posted on September 14, 2021 at 1:52 pm GMT

Markets and the greenback’s reaction connected to US CPI data Today’s pause on market volatility seems to have been hinged around market jitters prior to the release of the US CPI data, which is somewhat seen as the key that opens the taper door. The question is, has the rush to return to normality and subsequent supply bottlenecks been the main driver for inflation, suggesting it is temporary, or is there a deeper reason which the Fed is overlooking? These [..]

Technical Analysis – EURUSD moves sideways above the short-term SMAs and 1.1800

Posted on September 14, 2021 at 12:33 pm GMT

EURUSD has been in a bearish-to-neutral trend since the beginning of the year and it is currently standing above the 20- and 40-day simple moving averages (SMAs), slightly above the 1.1800 level in the short term. The price is headed south after a pullback on the 1.1910 barrier, with technical indicators echoing the recent negative move. The RSI is in the negative zone, while the MACD is in the positive zone, dipping below its trigger line. If the pair falls below the SMAs, the [..]

Daily Market Comment – US inflation under the microscope

Posted on September 14, 2021 at 8:38 am GMT

Markets brace for latest edition of US inflation today Wall Street stabilizes, aussie struggles on RBA signals Dollar takes a step back, British pound and oil advance US inflation to set the tone With the Fed having almost locked in a November taper announcement, the question now is whether Chairman Powell will use next week’s policy meeting to give the markets an early warning. The answer might boil down to what the upcoming inflation report shows. Forecasts suggest both the headline [..]

US Open Note – Dollar rises ahead of busy week

Posted on September 13, 2021 at 12:46 pm GMT

Next on radar is US CPI tomorrow A busy week is on the table this week in terms of economic data in the US. This month’s CPI report is expected to show that inflation has slowed down a bit from July’s 13-year high of 5.4% in July. Inflationary pressures will be closely monitored by investors to determine whether the Fed’s tapering will be gradual or quick. The dollar continues to rise with the US dollar index developing near 92.87, surpassing the 50-day [..]

Dollar might shrug off US CPI and retail sales data as markets lock in November taper – Forex News Preview

Posted on September 13, 2021 at 9:44 am GMT

With an end-of-year taper timeline fast becoming the market consensus, US inflation data on Tuesday and retail sales figures on Thursday, both due at 12:30 GMT, might not create the usual waves. Nevertheless, the annual rise in the consumer price index is expected to have eased in August and retail sales probably fell, which would reinforce the Fed’s go-slow approach, potentially hurting the US dollar if there are no upside surprises. Is the inflation surge easing? Inflation in America stood [..]

Daily Market Comment – Dollar grinds higher, Wall Street loses altitude

Posted on September 13, 2021 at 8:37 am GMT

Dollar capitalizes on rare selloff in US equity markets Chinese and Japanese stocks go their separate ways Crucial US data and election polls to drive markets this week Autumn blues for Wall Street? The relentless rally in US stock markets took a breather last week. Wall Street suffered a rare pullback as investors took some profits off the table, positioning for a new regime of fading central bank liquidity, moderating growth, and higher taxes. Sure, the selloff was pretty shallow [..]

Technical Analysis – EURUSD declines below 1.1800; neutral-to-bearish bias

Posted on September 13, 2021 at 7:05 am GMT

EURUSD has been in a bearish-to-neutral outlook from the beginning of the year and currently are approaching again the 20- and 40-day simple moving averages (SMAs) below 1.1800 in the short-term. After the pullback on the 1.1910 resistance, the price is heading south with the technical indicators mirroring the latest negative move. The RSI is falling in the negative region, while the MACD is slipping below its trigger line in the positive area. If the pair declines underneath the SMAs, [..]

US Open Note – Wall Street could test bearish weekly close; loonie bulls gear after mixed jobs data

Posted on September 10, 2021 at 1:47 pm GMT

US-China relations hit the wires An overnight phone call between the US president Joe Biden and China’s leader Xi Jinping occupied the media on Friday. Not because of the market reaction it caused since that was negligible, but because of the potential positive implications the dialogue could have on the broken US-China trade relations in the future. Although both presidents are focused on managing pandemic headwinds at home, the US trade deficit with China has worsened to fresh highs since the last conversation in [..]

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