All Articles Tagged - EURUSD

Technical Analysis – EURUSD tests 1.0800 once again

Posted on December 12, 2023 at 2:03 pm GMT

EURUSD rebounds off 200-day EMA Remains bullish above short-term uptrend line RSI crosses up the 50 level EURUSD rebounded off the 200-day exponential moving average (EMA) of 1.0755 once again, trying to surpass the 1.0800 round number. Technically, the short-term risk is leaning to the upside. The RSI is pointing upwards and is ready to cross above the 50 level, while the MACD is still standing in the positive territory but with weak momentum. If buyers stay in play, the door [..]

Volatility Report – December 12, 2023

Posted on December 12, 2023 at 12:28 pm GMT

EUR/USD volatility in neutral zone, major JPY crosses in turbulent waters Gold and silver follow opposite volatility paths, oil remains quiet Volatility picks up in stock indices except S&P500; Bitcoin set for sizeable moves EUR/USD expected volatility remains subdued despite the crucial CPI print expected later today. Meanwhile, the Yen has disrupted a period of calmness across the currency board as its pairs are the only ones showing a jump in volatility relative to last week. In commodities, gold volatility is fading following [..]

Volatility Report – Introducing our new weekly publication

Posted on December 12, 2023 at 12:25 pm GMT

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument’s price, which is derived from market-traded option prices. The instrument could be an individual stock, a commodity, an equity index, a currency pair, or even a [..]

Fed decision and US inflation data coming up – Preview

Posted on December 11, 2023 at 10:54 am GMT

Fed set to hold interest rates steady on Wednesday USD reaction will depend on rate projections for next year Latest US inflation report to be released on Tuesday ahead of Fed How many rate cuts will the Fed signal? It’s been a great year for the American economy. Real growth is on track to hit 3% with some help from resilient consumer spending and an enormous government deficit. Meanwhile, inflation has been falling steadily, fueling speculation that the economy [..]

Weekly Technical Outlook – USDJPY, EURUSD, GBPUSD

Posted on December 11, 2023 at 10:24 am GMT

Fed to stick to stable rates; will USDJPY move even higher? EURUSD is muted below 1.0800 awaiting ECB meeting GBPUSD stays calm ahead of BoE rate announcement Fed meeting –> USDJPY The Federal Reserve’s two-day policy meeting ends on Wednesday at 18:00 GMT and it is quite likely that it will maintain its policy rate without any changes. The primary emphasis on Wednesday will be the timing of the Federal Reserve’s initiation of interest rate reductions. Based on the current [..]

FX Year Ahead 2024: As the race to cut begins, which currency will come out the winner?

Posted on December 8, 2023 at 1:15 pm GMT

Will Fed officials be the first to cut rates or will the ECB beat them to it? Falling inflation everywhere means a bearish US dollar is not a given Yen stands to gain from rate cuts as BoJ may hike Is sterling set for another bumpy year? Aussie and kiwi pin hopes on China recovery, loonie looks to oil boost Will the dollar bears finally get their way in 2024? After two consecutive years of gains, a correction in the [..]

Technical Analysis – EURUSD retains short-term negative trend

Posted on December 8, 2023 at 12:51 pm GMT

EURUSD trims recent gains ahead of US jobs data Short-term downward trajectory stays intact Bulls need a clear bounce above 1.0800 EURUSD could not sustain gains above the 1.0800 number and its 20- and 200-period exponential moving averages (EMAs) in the four-hour chart, staying within the tight bearish channel, which followed November’s peak of 1.1016. The latest pullback dampened hopes for a bullish reversal in the very short-term picture ahead of the all-important US nonfarm payrolls report. Adding to the risks is [..]

Week Ahead – Will the central bank bonanza kill the festive joy or fuel it?

Posted on December 8, 2023 at 10:30 am GMT

Fed, ECB, BoE and SNB hold their final policy decisions of the year Will they push back on rate cut expectations? US CPI and flash PMIs will be crucial too UK GDP, Aussie jobs also on the agenda Fed to hold rates but will it signal big cuts? The Federal Reserve is almost certain to keep its policy rate unchanged on Wednesday as the US economy finally appears to be losing some steam and inflation is coming under control. Chair [..]

Market Comment – Yen springs higher, nonfarm payrolls coming up

Posted on December 8, 2023 at 9:21 am GMT

Japanese yen charges higher on rate hike speculation Dollar turns to US employment report – downside risks? Stock markets climb as Google rekindles AI euphoria Yen takes the elevator up The Japanese yen blasted higher on Thursday, gaining 2% against the US dollar after the Governor of the Bank of Japan provided the clearest indications yet that the era of negative interest rates is about to end. Speaking before parliament, Governor Ueda said that calibrating monetary policy will become “more [..]

Market Comment – Dollar extends recovery despite US job openings drop

Posted on December 6, 2023 at 9:38 am GMT

US job openings fall to lowest in more than 2-1/2 years Treasury yields slide, but dollar extends recovery Schnabel points to end of ECB’s tightening crusade Gold becomes attractive again after hitting $2,010 Dollar defies weak labor data The dollar traded higher against all but one of the other major currencies on Tuesday, with the only currency holding its ground being the Japanese yen. That said, the dollar’s recovery seems to be running out of steam today, with the aussie [..]

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