All Articles Tagged - EURUSD

Market Comment – China worries and rising yields dampen the mood

Posted on August 16, 2023 at 9:09 am GMT

Markets in volatile mood as China, yields, and liquidity worries combine Dollar bounces back after stellar US retail sales, gold drifts lower British pound gains after hot inflation report, FOMC minutes eyed Stocks slide as China concerns strike back A tense atmosphere has engulfed global markets as a combination of concerns around the Chinese economy, soaring bond yields, and poor liquidity conditions have joined forces to dampen the mood. Incoming data continues to paint a picture of a Chinese economy [..]

Market Comment – China worries intensify, pulling stocks lower as dollar firms

Posted on August 14, 2023 at 9:07 am GMT

More bad news about China’s economy unsettles markets Stocks extend slide, aussie slumps but dollar climbs to one-month high Yen breaches 145 per dollar level ahead of Japanese GDP data China hit by fresh property woes There seems to be no let-up in the streak of negative economic headlines out of China lately as hopes of a swift turnaround in the country’s embattled property market suffered a fresh blow on Monday. A major real estate player in the private sector, [..]

Technical Analysis – EURUSD rangebound but bears attack crucial trendline

Posted on August 14, 2023 at 7:51 am GMT

EURUSD has been trading sideways for the past two weeks after experiencing a downside correction from its 17-month high of 1.1275. However, the technical picture is slowly tilting towards the bearish side as the price has fallen beneath both the 50-day simple moving average (SMA) and the ascending trendline that connects its higher lows since September 2022. The momentum indicators currently suggest that bearish forces are intensifying. Specifically, the MACD is softening below both zero and its red signal line at [..]

Dollar turns to US retail sales and FOMC minutes – Preview

Posted on August 11, 2023 at 1:05 pm GMT

With the US inflation report out of the way, dollar traders will turn their focus on the next edition of retail sales on Tuesday and the minutes of the latest FOMC meeting on Wednesday. Overall, it is becoming clear that the US economy is superior to its competitors at this stage, something that might be increasingly reflected in the FX arena moving forward. US outperforms The United States is currently the bright spot of the global economy. According to the [..]

Week Ahead – Fed minutes, US retail sales and UK CPIs the highlights of a packed week

Posted on August 11, 2023 at 9:30 am GMT

The dollar pulled back after the miss in the US inflation data, but traders may have another opportunity to adjust their dollar positions as next week’s agenda includes the minutes from the latest Fed meeting and the retail sales for July. The pound will also enter the limelight as the UK CPIs could confirm whether investors were correct to slash their hike bets following the latest BoE gathering. Other releases include the RBNZ decision, where no action is expected, and [..]

Market Comment – US inflation comes in cold but dollar still shines

Posted on August 11, 2023 at 8:22 am GMT

US CPI comes in colder than expected, and yet yields rise Dollar recovers, yen slides but no intervention threats this time Stocks and gold reverse lower, feeling the bond market heat CPI miss does not intimidate US dollar It was a wild trading session for global markets on Thursday, in the aftermath of the US inflation data. The CPI report itself was slightly cooler than expected, with both the headline and core rates coming in slightly below forecasts in yearly [..]

Technical Analysis – EURUSD gets bullish vibes after US CPI miss

Posted on August 10, 2023 at 3:08 pm GMT

EURUSD advanced above a tough short-term resistance trendline in the four-hour chart and as high as 1.1064 after the US CPI figures showed a slightly weaker inflation than analysts expected. The bounce in the price made a bullish inverse head and shoulders (H&S) pattern more clear in the chart, and the fact that the bullish structure is set up around the almost one-year-old support trendline is further boosting hopes for an upside trend reversal. The RSI and the MACD are adding to [..]

Market Comment – Traders on edge ahead of US inflation report

Posted on August 10, 2023 at 8:46 am GMT

Dollar ticks down ahead of all-important US inflation data Yen sinks, hits its lowest levels since 2008 against the euro Energy prices go ballistic, stock markets and gold retreat US inflation to disturb the waters Global markets are holding their breath in anticipation of today’s US CPI inflation release. The stakes are high as this dataset will be critical in shaping expectations about the trajectory of interest rates. It could either cement the view that the Fed has already concluded [..]

Could July’s ECB rate hike curse reappear and cause significant euro underperformance until year-end? – Special Report

Posted on August 9, 2023 at 9:33 am GMT

The month of July tends to bring confusing memories for ECB followers due to the respective 2008 and 2011 meetings. Both rate hikes announced back then were eventually seen as policy mistakes with the ECB quickly forced to subsequently ease monetary policy afterwards. Are there any similarities with the current ECB situation? What was the performance of euro-dollar after the July 2008 and 2011 events? July tends to create a need for policy changes at the ECB ECB’s President Lagarde [..]

Market Comment – Risk aversion keeps dollar supported ahead of CPIs

Posted on August 9, 2023 at 8:00 am GMT

Concerns about China and Moody’s downgrade weigh on sentiment Dollar gains on safe-haven demand, awaits inflation data Risk aversion keeps Wall Street in correction mode Dollar stays in its safe-haven suit The US dollar continued gaining ground against all its major counterparts on Tuesday as risk appetite continued to deteriorate on the back of disappointing Chinese trade data, but also after Moody’s cut credit ratings of several small and mid-sized US commercial banks late on Monday and said that it [..]

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