All Articles Tagged - EURUSD

Daily Market Comment – Fed hike, Powell’s recession warning roil markets; dollar shoots up

Posted on September 22, 2022 at 9:13 am GMT

Dot plot signals Fed not done with 75 bps hikes, Powell warns of pain ahead S&P 500 goes back into bear market, dollar destroys everything in its path Yen slips past 145 after BoJ doesn’t flinch, but jumps after intervention SNB hikes by 75 bps, BoE expected to follow suit, gold see-saws Fed declares war on inflation, spooks markets The Federal Reserve delivered its third consecutive 75-basis-point rate increase on Wednesday and flagged more sharp hikes in the remainder of [..]

Technical Analysis – EURUSD retreats back near 0.9900

Posted on September 21, 2022 at 12:47 pm GMT

EURUSD is losing momentum once again beneath the 1.0000 critical level, approaching the next psychological levels. The technical oscillators appear to be in disarray, as the MACD is staying near its trigger line in the negative region, while the RSI is moving lower below the neutral level of 50. This suggests that the next move could be to the downside, endorsing the broader outlook. If the price ends the day below the parity level, then the attention should go back [..]

Daily Market Comment – Dollar at fresh highs ahead of Fed as Russia jitters sink euro

Posted on September 21, 2022 at 9:09 am GMT

Russia-Ukraine tensions flare up, knocking the euro and boosting safe havens Stocks subdued but losses contained as investors await Fed decision Yields fall back slightly and gold climbs on Russia worries Tense mood amid Fed and geopolitical risks The US dollar extended its gains on Wednesday, while stocks stayed largely in the red as investors weighed the risks from the Fed’s upcoming policy decision as well as the possible impact from Russia’s latest warmongering, which is adding to the [..]

Another Fed hike is coming; Mind the dots – Forex News Preview

Posted on September 19, 2022 at 12:11 pm GMT

We have a very busy week ahead of us with four central bank meetings on the agenda, but the one to stand out may be the FOMC decision, scheduled on Wednesday at 18:00 GMT. Following last week’s hotter-than-expected CPIs for August, market participants have put on the table a full percentage point hike. But will the Fed really step on the brakes harder this time around, and how will the outcome affect the dollar? How did investors get to the [..]

Daily Market Comment – Dollar reigns as big week for central banks kicks off

Posted on September 19, 2022 at 9:22 am GMT

Dollar starts Fed week on the front foot amid elevated rate hike expectations Bank of England and Swiss National Bank also poised to deliver large hikes Yen stays subdued as Bank of Japan not expected to join in Overtightening fears weigh on stocks, oil and gold slip too Markets brace for more tightening, led by Fed Trading got off to a cautious start on Monday, with equities still reeling from last week’s brutal selloff, while the US dollar kept advancing [..]

Technical Analysis – EURUSD hovers around the parity level again

Posted on September 19, 2022 at 6:31 am GMT

EURUSD is moving back and forth of the 1.0000 psychological level, failing once again to surpass the descending trend line in the preceding week. The technical oscillators seem to be in confusion, as the MACD is holding above its trigger line in the negative region, while the RSI is ticking lower below the neutral threshold of 50. If the price has a closing day below the parity level, then the focus should shift to the downside again, meeting the 20-year [..]

Week Ahead – Trouble spews for yen as Fed, BoE and SNB to hike, put spotlight on BoJ

Posted on September 16, 2022 at 11:37 am GMT

A crucial week is coming up for the markets as no less than four central banks are scheduled to announce their latest monetary policy decisions. There is a strong possibility of a 75-basis-point rate hike from the Federal Reserve, Bank of England, as well as the Swiss National Bank. The Bank of Japan, though, is expected to buck the trend, leaving the yen at the mercy of its rivals. However, the flash PMI estimates for September will be important too [..]

Can the EU’s energy plan rescue the euro from the doldrums? – Special Report

Posted on September 15, 2022 at 11:53 am GMT

The euro has been besieged on several fronts this year. Having already been on the backfoot due to the widening monetary policy divergence with the United States, the euro then had to contend with the immediate fallout of the war in Ukraine as harsh sanctions were slapped on Russia. But it is the ensuing energy crisis that now poses the biggest threat to the single currency as Europe is heading towards what could be the bleakest winter since the end [..]

Daily Market Comment – Yen defies intervention warnings, gold loses its shine

Posted on September 15, 2022 at 8:42 am GMT

Threats of FX intervention don’t do much to boost the yen Currency pairs trapped in narrow ranges, stocks lick wounds Gold under heavy pressure, US retail sales coming up next Yen dismisses intervention The battle for the yen continues to rage in the FX arena, with Japanese officials using every trick at their disposal to stabilize the devastated currency. A double salvo from the government and the Bank of Japan yesterday saw intervention threats being dialed up, which stopped the [..]

Daily Market Comment – US inflation surprise pummels stocks, boosts dollar

Posted on September 14, 2022 at 8:16 am GMT

US inflation comes in hot, fueling bets of a more forceful Fed Stock markets tank, dollar fires up as terminal rates increase Yen finds some support after Japan threatens FX intervention Inflation shock Hopes that the Federal Reserve is about to ease off the brakes got crushed yesterday under the boot of another shockingly hot US inflation report, sending shockwaves across global markets. Consumer prices defied forecasts for a monthly decline and instead rose in August, keeping the yearly rate [..]

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