All Articles Tagged - EURUSD

Daily Market Comment – Dollar on the offensive ahead of NFP; OPEC+ decision postponed

Posted on July 2, 2021 at 8:59 am GMT

Dollar scales fresh highs as NFP forecasts edge up, hits 15-month peak versus yen Another mixed day for stocks as Asian growth worries persist but S&P 500 extends record streak Oil slips from highs as OPEC+ meeting delayed amid disagreements Dollar strength prevails on Jobs Friday The US dollar maintained its northward bound on Friday as investors awaited the hotly anticipated jobs report out of the United States for possible clues about Fed tapering. There have been subtle hints from [..]

US Open Note – Stocks near highs; dollar’s radar locked on payrolls

Posted on July 1, 2021 at 1:56 pm GMT

Markets tense prior to US Manufacturing PMI and ahead of NFP payrolls Yesterday’s stronger ADP employment numbers floated the dollar index up, reaching an intra-day high of 92.50 and now investors’ focus is locked on Friday’s NFP payrolls report, to underpin the greenback. Currently, the 10-year yields are at 1.43%, not aiding the dollar much. It remains to be seen if the US ISM Manufacturing PMI will also beat forecasts of 61.0 for June, which could help the dollar counter [..]

Daily Market Comment – Dollar extends gains as virus blues strike again

Posted on July 1, 2021 at 8:53 am GMT

Dollar climbs to 3-month high as worries about Delta variant weigh on markets But equities mixed as US jobs report awaited for more direction Major FX pairs steady, oil firms ahead of OPEC+ output decision Dollar ascends as virus jitters return Fresh concerns that the Delta Covid-19 strain will undermine the recovery in Asia and possibly elsewhere too hurt sentiment on Thursday, though positioning ahead of tomorrow’s US jobs data also made for some cautious trading. The US dollar advanced [..]

Technical Analysis – EURUSD completes new 3-month low around 1.1850

Posted on July 1, 2021 at 6:16 am GMT

EURUSD has been heading south over the last few sessions, remaining well below the 1.1900 round number. The 20- and 40-period simple moving averages (SMAs) posted a bearish crossover, mirroring the recent action on price. The RSI is moving south near the oversold territory, while the MACD is extending its bearish movement beneath its trigger and zero lines. If sellers drive the pair lower, the 1.1737 support level could interrupt the bears ahead of the five-month low of 1.1700. To [..]

US Open Note – Dollar continues to move north after ADP release

Posted on June 30, 2021 at 1:03 pm GMT

The dollar held on to recent gains as virus concerns arose in a market already on edge before the NFP report on Friday that is considered as critical to the Federal Reserve’s monetary policy outlook. Any clues about labor market strength might put more worries on the Fed to move faster on interest rate hikes, potentially lifting the dollar, while data that falls short of expectations could put the currency at risk. In June, private businesses in the US recruited 692,000 workers, down from 978 [..]

Daily Market Comment – Dollar cools as Delta fears ease; Wall Street sets another record

Posted on June 30, 2021 at 9:15 am GMT

Fears over Delta variant subside slightly but soft data limit gains in Asian equities US shares hit fresh records but improved mood knocks dollar off highs Gold slips again, while oil’s rebound also falters ahead OPEC+ meeting Markets steadier as alarm over Delta variant eases Stocks in Asia were mostly in the green on Wednesday as concerns about the impact of tighter restrictions across the region to combat the highly contagious Delta variant abated slightly while another record close on [..]

US Open Note – Stocks near highs and dollar flickers green on hawkish Fed rhetoric

Posted on June 29, 2021 at 1:52 pm GMT

Markets prepare to digest Lagarde’s speech and US consumer confidence data After Friday’s weaker than expected PCE inflation, and expected tapering talk over the summer, not to mention yesterday’s confident tone from Fed officials around their inflation goal, the main focus will turn to Friday’s payrolls report for clues in the labour sector. 10-year yields are at 1.48% and the dollar index is prodding above the 92.00 mark as the greenback’s reach is being felt across the forex arena, subduing [..]

Euro eyes inflation data for a rebound – Forex News Preview

Posted on June 29, 2021 at 12:01 pm GMT

The latest inflation stats out of the euro area will hit the markets at 09:00 GMT Wednesday. Expectations are for a slight cooling in inflationary pressures, but the risks surrounding that forecast seem tilted to the upside. A positive surprise could help the euro briefly, although the longer-term trajectory seems grim in an environment where the Fed normalizes way faster than the ECB. Eurozone gains steam After being devastated by prolonged lockdowns throughout the winter, the Eurozone recovery is finally [..]

Daily Market Comment – Stocks struggle as Delta variant wreaks havoc, dollar and yen edge up

Posted on June 29, 2021 at 9:03 am GMT

Wall Street notches up another record but Asia falters amid worrying spread of Delta variant Dampened mood and US Covid resilience lift dollar, yen up too Euro stutters as ECB divisions laid bare; pound slips as investors unimpressed by UK’s ‘Freedom Day’ Mixed start for equities as Delta outbreak hits nerves Asian stocks came under pressure for a second day on Tuesday as the rapid spread of the Delta variant of Covid-19 hit growth expectations for the region. Low vaccination [..]

US Open Note – Markets are calm ahead of data exposure later this week

Posted on June 28, 2021 at 12:41 pm GMT

Dollar flirts with 111 yen; euro retreats near $1.19 as greenback gains ground It’s been a quiet start to the week as the greenback is trying to improve its long-term structure with all the attention turning on the NFP report on Friday. The dollar is heading north just below 111.00 versus the Japanese yen, while the dollar index is finding a restrictive support at the 20-day simple moving average (SMA) near 91.50. The euro is holding near $1.19 for the fourth day in a row but [..]

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