All Articles Tagged - EURUSD

How the markets could react to the Fed meeting – Special Report

Posted on March 20, 2024 at 4:32 pm GMT

Fed meeting coming up next; the market is in waiting mode The 10-year US Treasury yield usually reacts first to Fed decisions Gold and EURUSD could benefit from lower US yields The much talked about Fed meeting is taking place tonight at 18.00 GMT with the usual press conference held 30 minutes later. There is a growing debate about the outcome of the meeting, the overall rhetoric by Chairman Powell and the famous dot plot. There are some voices in [..]

Technical Analysis – EURUSD on a slippery slope near 200-SMA

Posted on March 20, 2024 at 2:26 pm GMT

EURUSD’s slide continues from 1.0980 Price may rebound off the ascending trend line RSI and MACD lose momentum EURUSD is moving lower after the pullback from the 1.0980 resistance level, creating a new bearish wave in the medium-term ascending tendency. The pair is currently testing the 200-day simple moving average (SMA) at 1.0835 ahead of the 200-day exponential (MA) at 1.0815. Technically, the RSI is moving south, crossing the 50 level to the downside, while the MACD is losing momentum beneath its trigger [..]

Market Comment – BoJ hikes, scraps yield curve control, but yen slumps

Posted on March 19, 2024 at 10:08 am GMT

BoJ ends negative rates and yield curve control in historic move But yen can’t catch a break as Ueda signals ongoing accommodative stance Aussie also under pressure as RBA tones down tightening bias Dollar resumes climb before Fed comes into the limelight BoJ ditches most stimulus-era policies As had been widely speculated, the Bank of Japan announced an end to eight years of negative interest rates and sharply scaled back its asset purchases after its policy meeting on Tuesday, in [..]

Weekly Technical Outlook – EURUSD, GBPUSD, USDCHF

Posted on March 19, 2024 at 9:58 am GMT

Major central bank meetings in the calendar this week Will the Fed meeting affect EURUSD? BoE decision will hold rates unchanged; GBPUSD retreats further SNB policy meeting may help USDCHF to rise Fed policy meeting –> EURUSD The focal point of this week appears to be the upcoming decision by the Federal Reserve on Wednesday, since the anticipation of a more accommodative monetary policy in the world’s largest economy has been driving the remarkable surge in the stock market recently. Rate reduction expectations have fluctuated significantly this [..]

Market Comment – Yen stays on the backfoot despite BoJ rate hike speculation

Posted on March 18, 2024 at 10:28 am GMT

Wage data drives up bets of BoJ rate hike on Tuesday but yen not convinced Weaker yen boosts Nikkei but inflation worries weigh on Wall Street ahead of Fed Dollar steady in calm start to a very busy week but oil unsettled by geopolitics All eyes on BoJ decision as yen slips Intensifying speculation about a potential historic rate hike by the Bank of Japan is dominating the start of the week where the Federal Reserve, as well as central [..]

Technical Analysis – EURUSD trades sideways after sharp drop

Posted on March 18, 2024 at 9:05 am GMT

EURUSD rotates lower after its advance gets rejected Trades flat in past few sessions within the Ichimoku cloud Momentum indicators weaken but remain positive EURUSD had been in a steady recovery from its 2024 bottom of 1.0693, advancing to as high as 1.0980 on March 8. However, the pair’s rebound was rejected after a temporary jump above the Ichimoku cloud, with the short-term oscillators deteriorating significantly but holding above their neutral zones. Should the recent weakness persist, the price could [..]

Week Ahead – Five central banks: who will hike, who will not cut?

Posted on March 15, 2024 at 11:26 am GMT

Fed meets on Wednesday with focus on new dot plot Will the Bank of Japan finally end negative rates on Tuesday? BoE and RBA to stick with patience, SNB might be in more of a rush to cut Flash PMIs plus inflation data in the UK, Japan and Canada will also be crucial Fed decision: hoping for the best The upcoming week will undoubtedly be one of the busiest, not to mention the most important, of the year for investors [..]

Market Comment – Dollar recovers, equities stall after US data releases

Posted on March 15, 2024 at 9:35 am GMT

Dollar stages comeback as US data fuels speculation of fewer Fed cuts Stocks and Bitcoin take a step back, oil climbs after Ukraine drone attacks Yen traders play the guessing game ahead of next week’s rate decision Dollar gets excited after US data The US dollar came back swinging this week, after a series of inflation surprises fueled speculation that the Fed will signal a slower pace of rate cuts when it meets next week. Retail sales disappointed yesterday, but [..]

Technical Analysis – EURUSD retains bullish bias above 1.0900

Posted on March 13, 2024 at 1:53 pm GMT

EURUSD’s rebound still in place 20- and 50-day SMAs post bullish cross RSI approaches overbought region EURUSD failed to cross beneath the 1.0900 psychological mark in Tuesday’s session, confirming the bounce off the 1.0695 support is still in place. Technically, the 20- and the 50-day simple moving averages (SMAs) posted a bullish crossover, while the RSI is pointing upwards above the 50 level, moving towards the overbought region. The MACD is rising above its trigger and zero lines, confirming the bullish tendency. [..]

Market Comment – Stocks power to new records despite hot US inflation

Posted on March 13, 2024 at 9:49 am GMT

US inflation comes in hotter than expected, but markets brush it off Dollar unable to gain much, equities close at new all-time highs Gold hit by profit taking, yen soft even as BoJ speculation heats up Inflation surprise doesn’t scare markets A surprisingly hot US inflation report was not enough to frighten investors yesterday. Inflation as measured by the consumer price index clocked in at 3.2% in February, missing expectations that it would remain steady at 3.1%. It was a [..]

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