All Articles Tagged - EURUSD

Week Ahead – Fed, BoE, and BoJ decisions eyed as Japan picks new leader

Posted on September 11, 2020 at 11:42 am GMT

It’s an action-packed week, with three major central bank meetings, the election over who will become Japan’s next leader, and an overload of key economic data. The Fed decision will be crucial. Will the central bank reinforce its new inflation regime by signaling imminent stimulus, or will it sit back until the US election has passed? Neither the Bank of England nor the Bank of Japan is likely to act. Instead, those currencies may be driven mostly by how the [..]

Daily Market Comment – Lagarde gives euro bulls the green light; Pound sinks on Brexit turmoil

Posted on September 11, 2020 at 8:52 am GMT

Never mind about talking down the euro, ECB wants to talk up the recovery Pound tumbles again as UK-EU Brexit row turns ugly, but talks still on Wall Street back in the red as hope for pre-election fiscal boost slips Euro surges after Lagarde poses no threat The European Central Bank kept its monetary policy settings unchanged on Thursday and sounded cautiously optimistic about the Eurozone’s recovery prospects. However, it was President Christine Lagarde’s stance on the exchange rate that [..]

Technical Analysis – EURUSD flirts with SMAs following rebound on strong 1.1753

Posted on September 10, 2020 at 10:17 am GMT

EURUSD re-entered the 1.1800 area to touch the bearish cross within the 40- and 200-period simple moving averages (SMAs) in the 4-hour chart after bouncing near the key 1.1753 level. The technical indicators feeding prospects for a possible positive short-term trading. The RSI climbed above the 50 level, while the MACD continues to strengthen above its trigger line in the negative territory. A failure to overcome the SMAs could send the price down to 1.1753, a challenging point over the last month. Lower, [..]

Daily Market Comment – Nasdaq snaps losing streak; ECB to walk a fine line

Posted on September 10, 2020 at 8:45 am GMT

Equity slump eases as tech stocks bounce back; but is the rout over? Euro perks up ahead of ECB decision as dovish expectations fade a little Pound steadies but backlash over Johnson’s Brexit plan intensifies Nasdaq has best day since April Wall Street ended its three-day losing streak on Wednesday, with all three major indices going some way in recouping the previous sessions’ heavy losses. The Nasdaq Composite and Nasdaq-100 soared by 2.7% and 3.0% respectively, enjoying their biggest one-day [..]

US inflation data: Keeping the Fed in check – Forex News Preview

Posted on September 9, 2020 at 3:02 pm GMT

The latest CPI numbers out of the US will hit the markets at 12:30 GMT Friday, and forecasts suggest inflation picked up some steam. If that is the case, then market expectations for any Fed easing at next week’s policy meeting might fade entirely, helping euro/dollar to extend its correction lower – especially now that the ECB is actively talking down the euro. In the bigger picture, whether the stock market sell-off continues will be crucial too. ECB: The dollar’s [..]

Strong euro, Fed’s inflation shift may compel ECB to take dovish line – Forex News Preview

Posted on September 8, 2020 at 2:02 pm GMT

The European Central Bank will conclude its two-day policy meeting on Thursday, with the announcement due at 11:45 GMT, to be followed by President Lagarde’s press conference at 12:30 GMT. Up until recently, the September meeting was seen as nothing more than an update by the Bank on its pandemic response. But the euro’s flirtation with $1.20 and the Federal Reserve’s adoption of a looser inflation target, not to mention signs that the Eurozone recovery may be stalling, have likely [..]

Daily Market Comment – Pound hammered as no-deal Brexit fears return

Posted on September 8, 2020 at 8:48 am GMT

Brexit comes back to haunt the pound as Johnson raises the stakes Euro sticks to tight range ahead of Thursday’s ECB decision Stocks regain positive footing but dollar up as Trump talks China decoupling Pound slumps after Johnson threatens no deal Only five weeks left to reach a deal and Britain and the European Union are too busy posturing than negotiating, with Boris Johnson’s latest rhetoric once again raising the prospect of a no-deal Brexit. As the talks to agree [..]

Daily Market Comment – Wall Street tumble, job woes put dollar on defensive

Posted on September 7, 2020 at 8:57 am GMT

Dollar edges up as US tech losses deepen, jobs recovery slows Brexit threatens pound rally as Johnson raises his game in EU talks Chinese exports surge keeps risk sentiment afloat as US tensions weigh Tech rally suffers major setback Global equity markets attempted to shrug off Wall Street’s rare selloff last week as Asian shares ended Monday mixed, while Europe’s major bourses opened sharply higher. The somewhat questionable risk-on tone was underscored by better-than-expected trade figures out of China, which [..]

Technical Analysis – EURUSD loses steam after spike to 29-month peak above 1.20

Posted on September 7, 2020 at 7:11 am GMT

EURUSD is edging lower after the spike towards the 29-month high of 1.2009 on September 1. The four consecutive red days drove the market below the 20-period simple moving average (SMA) and the technical indicators are confirming a bearish retracement. The MACD continues to hold below the trigger line in the positive zone, while the RSI is ready to touch the neutral threshold of 50. The next target to the downside is the 1.1755 support level, which overlaps with the [..]

Week Ahead – ECB meets amid deflation and euro headaches; BoC to stand pat

Posted on September 4, 2020 at 11:02 am GMT

Policy meetings by the European Central Bank and the Bank of Canada will heat up the September central banks schedule in the coming days, adding some excitement to an otherwise uneventful week. Neither central bank is expected to announce any new measures so the focus will be on what policymakers say about the recovery and the outlook. The ECB, in particular, will be one to watch as deflation worries are mounting and a stronger euro could jeopardise an already weakening [..]

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