All Articles Tagged - EURUSD

Daily Market Comment – Stocks falter again, bruised dollar seeks to end losing streak

Posted on July 30, 2021 at 9:07 am GMT

Market mood sours again as China crackdowns, mixed earnings and Delta fears all weigh Dollar halts slide but struggles to regain positive footing after dovish Fed and soft data Pound sets sights on $1.40 as others lag, gold battles to reclaim $1,830/oz Mixed week for stocks as risks mount Regulatory crackdowns in China, ongoing concerns about the Delta variant and warnings of slower earnings growth ahead all came to a head this week when it was meant to be all [..]

US Open Note – FOMC’s tone knocks the dollar

Posted on July 29, 2021 at 1:57 pm GMT

Markets barely react to US GDP miss as Chairman Powell still on their mind; Eurozone inflation comes in strong The major US indices managed to remain resilient after yesterday’s FOMC comments from Chairman Powell, who signalled that patience is needed as there is still a ways to go before tighter policy. Markets have hardly reacted to the release of US GDP and jobless claims in relation to the expansion of the US economy in the Q2. The US economy grew by 6.5% in the [..]

Technical Analysis – EURUSD floats to 200-MA as dollar takes a whack

Posted on July 29, 2021 at 10:23 am GMT

EURUSD, although having marginally peeked above its 200-period simple moving average (SMA) at 1.1870, is being curbed by the neighbouring defence of 1.1880-1.1900. The recent upwards traction in the pair may be related to the patient comments about normalizing from Chairman Powell of the Federal Reserve in yesterday’s FOMC meeting. Lately, the 50- and 100-period SMAs have been revealing that negative forces in the pair to some extent were subsiding, but their persistent neutral bearings are suggesting they have yet [..]

US Open Note – Stocks muted near highs, dollar firms

Posted on July 28, 2021 at 1:16 pm GMT

Markets prepare for FOMC release Yesterday’s consumer confidence for July ticked only marginally higher from June confirming optimism in the US, however, the dollar index weakened slightly, before stabilizing around the 92.50 level ahead of the Federal Open Market Committee meeting. Expectations are that Federal Reserve Chairman Jerome Powell will once again be watchful of his rhetoric towards tapering of asset purchases and the timeline and commencement of such actions. Markets will also be ready to digest any clues from [..]

Euro likely to be unfazed by Eurozone GDP and inflation data – Forex News Preview

Posted on July 28, 2021 at 9:16 am GMT

It’s proving to be a tough summer for the euro as a stronger US dollar and a more dovish ECB are overshadowing the Eurozone’s improving economic prospects. Aside from a growing monetary policy divergence with the United States, worries about the Delta variant are causing additional pain for the euro. Can Friday’s preliminary data on second quarter GDP growth and July inflation (both due at 09:00 GMT) provide any relief to the single currency? Annual GDP growth to hit double [..]

Daily Market Comment – China selloff steadies but Wall Street wobbles; dollar eyes Fed

Posted on July 28, 2021 at 8:29 am GMT

China jitters spread to global equities but rebound may already be underway US shares slip despite stellar earnings amid China and peak growth concerns Will the Fed heighten or soothe market nerves? Dollar inches higher ahead of Fed decision despite subdued yields Somewhat calmer day for equities after Asian tumult Stocks in China were attempting to break their losing streak on Wednesday following three days of carnage triggered by regulatory tightening that targeted domestic tech giants and for-profit education firms. [..]

US Open Note – Stocks drift at record highs and dollar loses some resilience

Posted on July 27, 2021 at 1:35 pm GMT

Markets freeze as Fed meeting underway; US Consumer Confidence ahead It seems continued selling in Chinese tech giants has somewhat hampered risk appetite, which has been further muted as investors hold a cautious stance awaiting the conclusion of the Federal Reserve’s policy meeting tomorrow. The Fed is faced with a slightly more difficult task in this meeting as it will have to expand on the delta variant’s impact over bond yields as opposed to the outlook on rising prices, not [..]

Daily Market Comment – Turmoil in China but broader market mood steady

Posted on July 27, 2021 at 9:10 am GMT

Freefall in Chinese stocks enters third day but rest of Asia takes cues from Wall Street US shares get another earnings lift, hit new records, big day ahead for tech giants But it’s all quiet outside of equities as Fed decision awaited Pound outperforms, flirts with $1.38, as dollar drifts ahead of Fed outcome China shares crash again amid crackdowns Stocks in China and Hong Kong plummeted for a third day on Tuesday as technology, real estate and for-profit education [..]

Technical Analysis – EURUSD shows buyers are fighting back

Posted on July 26, 2021 at 3:24 pm GMT

EURUSD’s downward bearing from the 1.2100 mark has softened considerably, and negative powers are waning even more so as the price approaches the 1.1700 level. In spite of the diving 50-day simple moving average (SMA), the 100-day SMA’s dipping demeanour is somewhat abating, indicating that downward forces are losing their edge. The Ichimoku lines are sustaining their bearish charge, however,the short-term oscillators are showing that buyers are starting to gain the upper hand. The MACD, in the negative region, is [..]

Fed meeting: Slowly getting the taper ball rolling – Forex News Preview

Posted on July 26, 2021 at 3:03 pm GMT

The Fed will conclude its latest meeting at 18:00 GMT Wednesday. It will be a tricky one, as Chairman Powell will need to balance a strong US economy against fears of a sharp slowdown in emerging markets. As for the dollar, the big picture remains positive in an environment where America continues to out-recover other regions and the Fed ends asset purchases relatively soon. Stalling Don’t expect much from the Fed this week. No policy changes are on the cards [..]

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