All Articles Tagged - EURUSD

Daily Market Comment – Dollar stays weak, ECB minutes reveal inflation fears

Posted on November 25, 2022 at 9:33 am GMT

Dollar headed for weekly loss as Fed minutes continue to weigh ECB minutes show concerns about inflation becoming entrenched Oil prices stabilize above September lows Dollar continues to sail south in thin holiday trading The US dollar continued underperforming all but one of the other major currencies on Thursday, with the exception being the Swiss franc against which the greenback traded virtually unchanged. The dollar stabilized today, but with the US calendar empty, traders may continue acting based on the [..]

Technical Analysis – EURUSD bulls look exhausted near 1.0400

Posted on November 24, 2022 at 2:50 pm GMT

EURUSD is weakening somewhat after the climb towards the 1.0450 barrier, which is a level slightly above the 200-period simple moving average (SMA) in the daily chart. Currently, the market is retreating near the 1.0400 psychological mark with the technical oscillators losing steam. The RSI has pulled back from the overbought region, while the MACD is continuing to move in the positive area with weak momentum. Still, the market seems to be well supported by the short-term SMAs around 1.0315-1.0340 and therefore only a decisive [..]

Daily Market Comment – Risk assets rally ahead of Fed minutes, RBNZ lifts kiwi

Posted on November 23, 2022 at 9:52 am GMT

Retreat in the dollar and yields helps fuel risk appetite Stock markets rally, kiwi jumps after RBNZ decision European PMIs paint grim picture, Fed minutes next Risk appetite returns Investors went on a shopping spree on Tuesday, raising their exposure to riskier assets without any clear news catalyst behind this sudden shift in sentiment. The S&P 500 closed at its highest levels since mid-September as implied volatility collapsed, with a pullback in the dollar and real yields helping to fuel [..]

Eurozone business surveys: Is the recession here? – Forex News Preview

Posted on November 22, 2022 at 2:38 pm GMT

The latest PMI business surveys from the euro area will hit the markets early on Wednesday, starting with the French numbers at 08:00 GMT. They are expected to confirm the economy is headed straight into recession, making the ECB’s rate decision next month even harder. As for the euro, despite the recent bounce, it’s still too early to envision a sustainable recovery. In dire straits The economic data pulse in the Eurozone has been weakening for several months now, as [..]

Technical Analysis – EURUSD seems to be looking for recovery

Posted on November 22, 2022 at 2:05 pm GMT

EURUSD has been trying to recover in the near term but is still developing beneath the 200-day simple moving average (SMA). The short-term oscillators point to a weakening bullish trend. The RSI is above the 50 level and is sloping slightly up, indicating an upward move, while the MACD is moving lower above both zero and the red signal line. The September high of 1.0200 will serve as an initial support obstacle if selling forces pick up speed. If the price drops below [..]

Will the Fed minutes shed light on rates’ coming path? – Forex News Preview

Posted on November 21, 2022 at 2:13 pm GMT

Despite the latest efforts by several Fed officials to douse market speculation with regards to an imminent pivot, investors are still pricing in almost two quarter-point rate cuts by the end of 2023. With that in mind, they may dig into the minutes of the latest FOMC gathering for clues as to what policymakers discussed with regards to next year’s policy plans. The minutes will be released on Wednesday at 19:00 GMT, but beforehand, market participants may have the opportunity [..]

Daily Market Comment – Dollar recovers, oil extends slide, stocks drift sideways

Posted on November 21, 2022 at 9:50 am GMT

Dollar attracts safe-haven flows as China tightens restrictions Demand worries deal heavy blow to oil prices, gold retreats too Stock markets trade sideways, but fundamentals spell trouble Dollar regains ground The US dollar spent most of this month on the ropes, pressured by signs that inflation is simmering down and speculation that the Fed is in the final chapters of its tightening cycle. Yet, the reserve currency came back swinging on Monday, regaining lost ground with some help from safe-haven [..]

Technical Analysis – EURUSD retraces lower as 200-day SMA rejects advance

Posted on November 21, 2022 at 9:03 am GMT

EURUSD has been attempting a rebound in the short term after escaping its descending channel to the upside. However, in the past few daily sessions, the advance has paused as the price has been constantly held down by the 200-day simple moving average (SMA). The short-term oscillators currently suggest that bullish forces are waning but remain in control. Specifically, the RSI is pointing downwards above its 50-neutral mark, while the MACD histogram is softening above both zero and its red signal line. [..]

Week Ahead – Fed minutes, RBNZ decision, and business surveys on tap

Posted on November 18, 2022 at 12:00 pm GMT

Another busy week is coming up for FX markets, featuring the minutes of the latest FOMC meeting and a rate decision in New Zealand that investors are split on. Most importantly, business surveys from the major economies will reveal whether US inflationary pressures continue to cool off and whether Europe is already in recession. Dollar loses its shine Signs that US inflation is finally simmering down dealt a heavy blow to the US dollar lately, as traders unwound bets that [..]

Daily Market Comment – Markets steady despite Fed pivot hopes disappearing over the horizon

Posted on November 18, 2022 at 10:31 am GMT

Dollar bolstered but gains limited after Bullard calls for Fed rate to hit at least 5% Higher Treasury yields pressure Wall Street but rebound already underway Yen shrugs off Japanese CPI jump, pound wobbles on gloomy UK budget Fed ratchets up hawkish rhetoric The bombardment of hawkish talk from Fed officials continued to set the tone on Friday, as the week ends on a somewhat more sombre tone than from how it started. Hopes that slowing inflation will allow the [..]

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