All Articles Tagged - EURUSD

US Open Note – Dollar jitters rise and commodity currencies flicker green

Posted on August 4, 2021 at 2:22 pm GMT

Dollar kept on back foot after huge ADP jobs miss What does today’s huge miss in the ADP Non-Farm Employment change say about Friday’s July NFP jobs report? Do the weaker numbers of 330K jobs gained in July versus the expectations of 695K and 692K in June dampen the picture of a strong US labour market? Do today’s employment results paint the opposite picture delivered by Fed Chairman Powell’s latest comments that employment is picking up at a good pace, [..]

Could Nonfarm payrolls promote September tapering? – Forex News Preview

Posted on August 4, 2021 at 9:14 am GMT

The Federal Reserve clearly reiterated during its policy meeting last week that significant progress in the labor market is a necessary condition to settle the landscape for when it will start to taper its QE bond purchases. Hence, all the attention will be on the Nonfarm payrolls report due this Friday at 12:30 GMT, with investors expecting July’s employment release to outperform June’s numbers. Any bigger surprises could boost the US dollar. Jobs’ growth could strengthen in July According to forecasts, [..]

Daily Market Comment – Wall Street sets new records, kiwi storms higher

Posted on August 4, 2021 at 8:45 am GMT

US stocks rally to another record high close, dollar quiet Kiwi skyrockets after stellar jobs data fuel RBNZ bets Gold lifeless, oil takes another hit amid demand worries Stocks cheer as earnings season delivers Wall Street continues to defy gravity. The S&P 500 cruised higher to close at yet another record peak yesterday, telling a much different story than the bond market, which has been feeling the blues lately. Worries that the Delta outbreak will take the wind out of [..]

US Open Note – Dollar fizzles despite tapering hints; European stocks at fresh record highs

Posted on August 3, 2021 at 1:08 pm GMT

Delta fears The rest of the day will be quiet in terms of data releases but there are enough things happening globally to keep investors busy in the next sessions. The delta outbreak has stretched to China, which has been out of the Covid headlines for a while, forcing authorities to halt flights and other public transports towards Beijing. With the second biggest economy of the world teaming up with other Asian economies to fight against the troubling new Covid [..]

Daily Market Comment – Yield meltdown boosts yen, RBA holds the line

Posted on August 3, 2021 at 8:29 am GMT

Yen shines, stock markets erase gains as bond yields slide Fed Governor Waller opens door for September tapering RBA sticks to tightening plan despite lockdowns, aussie jumps Bond market nerves lift yen The sense of nervousness that haunted the bond market in recent months has returned, putting investors across every asset class on red alert. Yields on government bonds continue to melt down, indicating spectacular demand for safe assets even despite their negative real returns. The question is whether the [..]

US Open Note – Stocks return to Asia opening levels and dollar a tad lower

Posted on August 2, 2021 at 1:39 pm GMT

Market sentiment on back foot ahead of US ISM Manufacturing PMI US major indices have given up their Asian price improvements, as sentiment deteriorates on US infrastructure talks and in advance of the US ISM Manufacturing PMI, scheduled for 14:00 GMT today. Friday’s US mixed data may have also played a part, which reflected that consumer sentiment in July declined further from the levels in June with inflation expectations also slowing. Employment pay for Q2 was lower and the Core [..]

Daily Market Comment – Dollar stabilizes, stocks recover ahead of busy week

Posted on August 2, 2021 at 8:03 am GMT

Dollar trades quietly as traders brace for nonfarm payrolls week Wall Street powers higher, oil takes a hit after soft Chinese PMI ISM manufacturing index and RBA rate decision coming up Dollar stabilizes as Fed aftershocks fade The world’s reserve currency took a hit last week after the Fed chief reassured investors that rate increases were still far away and that the labor market still hasn’t recovered properly. Markets interpreted Powell’s patient tone as diminishing the chances for a tapering [..]

Technical Analysis – EURUSD pulls back off 40-day SMA around 1.1900

Posted on August 2, 2021 at 6:43 am GMT

EURUSD found strong resistance at the 40-day simple moving average (SMA), which was hovering near the 1.1900 psychological level. The RSI is ticking lower, trying to fall beneath its neutral threshold of 50; however, the MACD is still extending its bullish bias above its trigger line in the negative region. In trend indicators, the red Tenkan-sen line is approaching the blue Kijun-sen line, suggesting a positive bias. If the price jumps above the 40-day SMA, immediate resistance could come from [..]

US Open Note – Stock indices to claim monthly gains despite jitters; dollar on the backfoot

Posted on July 30, 2021 at 1:18 pm GMT

Stock indices head for a monthly gain The month of July started with the impression that plans of monetary tightening could get more into fashion, adding a solid footing under currencies, while the earnings season could further brighten the outlook for stocks despite the inflaming virus numbers. Although the above backdrop has not entirely faded yet, the last week of the month found investors having second thoughts about how soon the Fed would wrap up its bond tapering plans as [..]

Week Ahead – Nonfarm payrolls highlight a huge week

Posted on July 30, 2021 at 11:37 am GMT

Global markets will go into overdrive next week, with two central bank meetings and a landslide of data coming up. The RBA will probably reverse its tapering plans amid extended lockdowns in Australia, whereas the Bank of England might strike a slightly more optimistic tone. Of course, the main event will be the US jobs report, which will determine how quickly the Fed dials back stimulus. Dollar braces for payrolls Fears that the Federal Reserve might announce a slowdown of [..]

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