All Articles Tagged - EURUSD

Daily Market Comment – Risk appetite runs into trouble again as virus cases trend higher

Posted on July 12, 2021 at 9:24 am GMT

Worries that Delta variant is fuelling a new global surge in infections sap sentiment Dollar halts decline, edges up, while stocks back under pressure Bonds to stay in focus as Treasury auctions, CB meetings, Powell testimony coming up Subdued start to week as virus woes return Risk assets were struggling on Monday as signs that virus infections have started to creep higher globally put a dent in the improvement in sentiment that took hold from the middle of last week. [..]

Technical Analysis – EURUSD ticks marginally down before meeting 20-day SMA

Posted on July 12, 2021 at 6:38 am GMT

EURUSD rebounded off the 1.1780 support level, trying to meet the short-term 20-day simple moving average (SMA). However, today, the pair is losing some steam, driving the RSI lower in the negative territory. Despite the latest move, the MACD is surpassing the trigger line in the bearish region, while the stochastic is still moving north. Immediate support for steeper declines could come from the 1.1780 barrier ahead of the 1.1700 psychological number. Overcoming these obstacles, the 1.1610 barrier, taken from the [..]

US Open Note – Markets cool down after a messy week despite China’s RRR cut

Posted on July 9, 2021 at 1:26 pm GMT

Stocks get on their feet ahead of earnings Markets took a breather at the end of a turbulent week, which suddenly derailed hopes of a swift economic recovery and promoted self-realization that the vaccination program alone may not be enough to re-establish the pre-Covid normality. The pan-European STOXX 600 is currently up by around 1.0%, having recouped a large share of yesterday’s losses, with consumer cyclicals, basic materials, and real estate enjoying the biggest gains. The index, however, is still [..]

What does central bank divergence mean for FX? – Special Report

Posted on July 9, 2021 at 11:28 am GMT

There’s been a massive shift within the central bank world lately. Some have taken baby steps towards exiting cheap money and ultimately raising interest rates, but others have not. We seem to be entering a period where the economies that will be raising rates might see their currencies appreciate against those that won’t. The dollar, pound, kiwi, and loonie could shine, whereas the yen, franc, and euro may fall behind. Fuel on the fire One year after the world economy [..]

Week Ahead – RBNZ and BoC to stay on taper path but Delta strain may cause angst for BoJ

Posted on July 9, 2021 at 10:53 am GMT

It will be a busy week as the Bank of Canada, Bank of Japan and the Reserve Bank of New Zealand all meet, while inflation will take centre stage on the data front. With increasing concerns that the new Delta Covid variant could scupper reopening plans around the world, Japanese policymakers are the most likely to strike a more cautious tone, but the BoC and RBNZ will probably maintain their optimism for now. After the Federal Reserve signalled that a [..]

Daily Market Comment – Stocks and dollar stabilize as bond chaos cools

Posted on July 9, 2021 at 8:24 am GMT

Stock markets and FX pairs cool down after seismic moves Everything revolves around the bond market – is the squeeze over? Gold recovery stalls, ECB minutes and Canadian jobs coming up Is the bond market short squeeze done? After a week of mayhem across global markets, calmer tones are finally prevailing. The source of all the stress was the bond market, where yields started to break down. Such a move usually signals worries about weaker economic growth, which would ultimately [..]

Technical Analysis – EURUSD remains heavy as rebound curbed by 50-MA

Posted on July 8, 2021 at 2:17 pm GMT

EURUSD has been logging green candles after finding its footing around a three-month low of 1.1780 and is pushing up against the 50-period simple moving average (SMA) at 1.1856, which has dismissed previous bounces ever since it adopted a downwards trajectory around June 11. Currently, the bearish SMAs are attempting to subdue growing buying interest. The short-term oscillators are signalling growing positive momentum, while the Ichimoku lines are not indicating a convincing pickup in bullish impetus. The MACD has improved [..]

US Open Note – Safe havens shine as risk-off sentiment spikes; euro in the green despite ECB’s policy review

Posted on July 8, 2021 at 1:29 pm GMT

Demand for safe havens resurfaces Thursday’s trading session had a bitter taste for riskier assets as investors slipped into second thoughts about how sustainably the global economy could grow in the year ahead, with global stocks plummeting, and safe havens rocketing. What has triggered this risk-off reaction in markets is not clear yet, but the reasoning could be a combination of facts from accelerating infections of the delta Covid-19 variant to the Fed’s patient tone on monetary tightening to China’s [..]

Daily Market Comment – Special ECB announcement could rock the euro today

Posted on July 8, 2021 at 8:33 am GMT

ECB set to announce higher inflation target, Lagarde presser to follow Dollar little changed after Fed minutes, yen shines as yields crumble Stocks retreat amid Chinese regulatory crackdown, oil tanks Euro braces for special ECB announcement The European Central Bank will announce the outcome of its strategic policy review at 11:00 GMT today, with a press conference by President Lagarde to follow 90 minutes later. Reports suggest the ECB will raise its inflation target to 2% and signal it will [..]

ECB minutes to be overshadowed by looming strategy review outcome – Forex News Preview

Posted on July 7, 2021 at 2:11 pm GMT

The European Central Bank will publish the minutes of its June 9-10 policy meeting on Thursday (11:30 GMT) as the Eurozone recovery gets into full swing. Policymakers struck a markedly dovish tone at their last gathering and although not all Governing Council members were happy about maintaining a “significantly higher pace” of bond purchases, the minutes will probably confirm that the hawks remain far outnumbered. The euro, which has been pummelled by the resurgent US dollar, could face some downside [..]

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