All Articles Tagged - EURUSD

Refreshed US dollar awaits Fed minutes and retail sales – Forex News Preview

Posted on August 16, 2022 at 1:48 pm GMT

The US dollar rally has picked up a second wind, despite some signs that the US economy is losing steam. Investors seem much more concerned about Europe and China, which is helping the reserve currency attract safe-haven flows. Retail sales data and the minutes of the latest Fed meeting will hit the markets on Wednesday, providing fresh clues around how far interest rates might be raised in this cycle. No alternative With the Fed opening the door for a slowdown [..]

Daily Market Comment – Oil sinks, dollar surges as growth fears return but stocks keep partying

Posted on August 16, 2022 at 9:03 am GMT

Dismal data out of China and the US stifle risk appetite as recession risks return But Wall Street immune to the doom and gloom as tech stocks rally Dimming outlook weighs on commodities as oil hits 6½-month low Dollar powers ahead on fresh growth scare The month-long risk rally suffered a major setback on Monday after economic indicators out of the world’s two biggest economies did anything but shore up confidence in the growth outlook, reviving fears about a [..]

Technical Analysis – EURUSD retreats below 1.0200 and short-term SMAs

Posted on August 16, 2022 at 6:44 am GMT

EURUSD has reversed back down again after finding resistance at the 1.0360 barrier and the descending trend line. Also, the pair retreated beneath the 20- and 40-day simple moving averages (SMAs) with the technical indicators suggesting a neutral to negative bias in the short-term. The RSI is holding just below the neutral threshold of 50, while the MACD is trying to strengthen its negative momentum below the zero level. Further losses should see the 1.0095 level, acting as a major [..]

Week Ahead – A plethora of data, an RBNZ meeting, but focus on Fed minutes

Posted on August 12, 2022 at 12:05 pm GMT

There will be no shortage of data releases in the coming week and the RBNZ is poised to hike rates again. But with investors still undecided about the implications of the latest US inflation report on Fed policy, the FOMC minutes might steal the limelight. Meanwhile, thinning liquidity as more traders head for their holiday destinations increases the likelihood of big knee-jerk reactions as markets obsess about the pace of monetary tightening and the risks of a recession. RBNZ leading [..]

Daily Market Comment – Dollar closes the week with bruises, oil prices bounce back

Posted on August 12, 2022 at 8:38 am GMT

US dollar heads for weekly losses after inflation shocker curbs rate bets Oil prices and yields tell a different story though, stocks lose some steam Sterling shrugs off UK economic contraction, Michigan survey coming up Dollar vs yields It has been a strange week for financial markets, filled with conflicting signals. The cooldown in both consumer and producer prices sparked hopes that the worst days of inflation were behind us and the Fed wouldn’t need to be quite so aggressive [..]

Daily Market Comment – Inflation slowdown knocks US dollar, sends stocks flying

Posted on August 11, 2022 at 8:29 am GMT

US inflation slows by more than expected, traders unwind rate hike bets Dollar retreats, stock markets party, but bonds and gold not buying it Disney reports decent earnings, producer price data coming up next Cooling down Expectations that inflation in America may have peaked already went into overdrive yesterday following a cooler-than-expected CPI reading. Consumer prices were flat in July from the previous month, with declines in energy products and used cars neutralizing increases in food and rents. A sense [..]

Daily Market Comment – Dollar steadies ahead of US inflation shockwave

Posted on August 10, 2022 at 8:29 am GMT

Dollar stable ahead of all-important US inflation report Stocks retreat, led by chipmakers after profit warnings Is China the true gray swan for the global economy? US inflation test The US dollar faces trial by fire today with the release of the latest CPI report, which will reveal whether inflationary forces have finally started to lose their punch. That is the consensus among economists, who collectively expect the yearly CPI rate to decline to 8.7% in July from 9.1% previously, [..]

Daily Market Comment – Wall Street runs into resistance wall, oil eyes Iran deal

Posted on August 9, 2022 at 8:13 am GMT

Stock and bond markets tell very different stories about what’s next Euro/dollar continues to chop sideways, gold claws its way higher Oil in focus as Iran talks reach ‘final text’, deal awaits approval Conflicting narratives Equity and bond markets have been at odds with each other lately, painting conflicting pictures of what lies ahead. The price action in stocks has been consistent with a soft economic landing, with Apple shares down less than 10% from record highs and the meme [..]

Technical Analysis – EURUSD runs sideways within bearish channel

Posted on August 8, 2022 at 2:52 pm GMT

EURUSD continues to trade within the range of 1.0293 – 1.0095 for the third consecutive week and in the middle of a bearish channel. The higher lows in the RSI provide a ray of hope that upside pressures will resurface, although the indicator is still marginally below its 50 neutral mark. Likewise, the MACD keeps gradually progressing but has yet to enter the positive area. Another encouraging fact is that the 20-day simple moving average (SMA) has been acting as a buffer to [..]

Daily Market Comment – Dollar smiles after impressive jobs data reinforces Fed bets

Posted on August 8, 2022 at 8:54 am GMT

Another blockbuster US jobs report keeps the wind in the dollar’s sails Yen and gold underperform as yields edge higher, stock markets mixed Oil prices stabilize after sharp selloff, look to US-Iran negotiations Fed bets return Despite several leading indicators warning about a loss of momentum in the US economy, the labor market is still firing on all cylinders according to the latest jobs report. Nonfarm payrolls exceeded forecasts with 528k new jobs added in July, the unemployment rate fell [..]

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