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Euro Shows Grit Amid Volatility, Eyes Key Resistance Levels
Read Time: 3 minutesEuro’s Resilience Amid Market FluctuationsIn recent trading sessions, the Euro has demonstrated notable resilience, particularly around the 1.0750 support level, suggesting a potential rebound. Despite initial declines, the Euro found footing, hinting at a possible recovery within its long-term consolidation range. This level of support is critical, as a drop below could…
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EUR/USD Forecast: February 2024
Read Time: 4 minutesThe EUR/USD is about to enter the month of February having seen a steady drop in value during January and the currency pair is hovering above important technical support. However, the EUR/USD is now lingering over important mid-term support levels which are a result of the Federal Reserve’s last FOMC Meeting which was concluded…
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ECB’s Tightrope: Navigating Clarity and Caution in Monetary Policy
Read Time: 3 minutesIncreasing Specificity in ECB Communications Recent statements from ECB officials indicate a growing level of detail in their communication, bordering on forward guidance, which is likely to be a focal point in the upcoming policy meeting. Economic Overview: Persistence of Weakness Since the December meeting, there has been minimal change in the…
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EUR/USD falls as USD Index recovers intraday losses ahead of central bank decisions
Read Time: 2 minutes[responsivevoice_button rate=”1.1″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”Listen”] The EUR/USD pair falls from the round-level resistance of 1.0900 in the late European session. The major currency pair struggles to hold ground amid uncertainty over central bank decisions ahead. S&P500 futures have added significant gains in the London session, portraying an improvement in…
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ECB Cheat Sheet: Giving markets the cold shoulder
Read Time: 3 minutes[responsivevoice_button rate=”1.1″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”CLICK TO PLAY AUDIO”] ECB MAINTAINS DATA-DEPENDENT STANCE The European Central Bank (ECB) is expected to maintain a data-dependent stance in its January policy meeting, not prioritizing pushing back against market expectations of rate cuts. President Lagarde is likely to emphasize data dependency. Significant changes…
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EUR/USD Forecast: Euro looks at 1.1000
Read Time: 2 minutesWeakening US Dollar and ECB Outlook Impact EUR/USD The US Dollar faces continued pressure as Treasury yields decline, leading to a weakened Greenback across the board. The EUR/USD maintains a bullish bias, holding above 1.0900 and posting its highest daily close in three months. The ongoing decline in Treasury yields contributes to…
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EUR/USD levels to watch
Read Time: < 1 minuteThe daily chart’s technical indicators exhibit bullish signals but flash reversal warnings. The Relative Strength Index (RSI) is nearing overbought levels – signalling a potentially temporary overheat in the buying momentum. However, the Moving Average Convergence Divergence (MACD) demonstrates rising green bars, highlighting an underlying buying enthusiasm. Despite the short-term outlook…
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EUR/USD refreshes multi-month peak of 11Aug as Fed rate cut bets continue to undermine the USD
Read Time: 2 minutes1. Sustained Uptrend: EUR/USD Achieves New Heights In a remarkable display of strength, the EUR/USD pair extends its positive momentum, securing gains for the fourth consecutive day and reaching its highest level since August 11. During the Asian session on Tuesday, spot prices around 1.0960 indicate a robust uptrend, reflecting a prevailing…
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The USD experiences a downturn as EUR/USD rises
Read Time: 2 minutesThe EUR/USD currency pair saw an uptick, reaching 1.0944 at the onset of the final week of November. This movement indicates a weakening of the US dollar against the Euro. Key to this shift is the upcoming release of the Core Personal Consumption Expenditures (PCE) Price Index, a crucial measure watched closely…
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Sentiment likely to keep undermining US Dollar
Read Time: 6 minutesMarket resumes betting against the Fed As a result of easing price pressures, speculative interest dropped the USD while lifting bets the Federal Reserve (Fed) will hike interest rates no more. At the same time, investors increased bets for rate cuts in the first half of 2024 despite multiple Fed officials’ warnings…
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Euro keeps the narrow range below 1.0700 {view}
Read Time: 3 minutesThe Euro has been under pressure, hovering around 1.0680 against the US Dollar, while European stocks showed resilience with a positive performance. Market attention is turning towards the eagerly awaited US inflation figures, anticipated to steer market sentiment in the upcoming days. In this scenario, the EUR/USD pair weakened as the Euro…
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Heavyweight Data and Fed Chatter to Direct EUR/USD This Week
Read Time: 2 minutesThe Euro is eyeing 1.0700 against the US dollar in early turnover with little in the way of news, or sentiment, to make or break the move. The US dollar is fractionally weaker to start the week, while risk sentiment is flat after last Friday’s notable risk-on move. This week’s sees the…
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The EURUSD approaches the target 1.08
Read Time: < 1 minuteThe EURUSD pair shows more bullish bias to approach the expected positive target at 1.0760, moving within bullish channel that supports the chances of surpassing this level and open the way to achieve more bullish correction in the upcoming sessions, to head towards visiting 1.0860 areas as a next main station.…
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Euro seems massively overvalued!
Read Time: < 1 minuteEuro is massively overvalued. Look at EUR/JPY, which is near its all-time high from 2008 when EUR/$ was 1.60. The Euro zone is the same as Japan: a manufacturing hub that imports a lot of energy. Compared to Japan, the Euro zone is experiencing a massive competitiveness loss.
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Euro on a brim
Read Time: < 1 minuteFalling Euro is entirely about markets turning more positive on the US. Markets don’t yet pricing a weak Europe, so there’s lots more downside for EUR/$. Rising rate differentials are driven entirely by rising US rates (blue), not falling Euro zone rates (black).
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26Sep23: EURUSD Morning Update
Read Time: < 1 minuteOn Monday, the euro took a dip following the release of a survey that showed a slight decline in German business morale in September. This marked the fifth consecutive month of decline, further fueling concerns of a recession in the Eurozone’s largest economy. The Ifo institute revealed that the business climate…
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EUR/USD Weekly Forecast: Defying gravity near 1.0650 ahead of Fed’s decision.
Read Time: 5 minutesThe EUR/USD pair ends an intense week trading near a weekly bottom of 1.0632, its lowest since last March. The Euro advanced throughout the first half week amid a better mood spurred by Asian news. On the one hand, Bank of Japan (BoJ) Governor Kazuo Ueda hinted at a shift in the…
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Euro Ahead of Euro Area GDP, FOMC Minutes.
Read Time: < 1 minuteTechnical analysis of the euro against the dollar indicates that the trend is still bearish, with the 100 SMA falling below the 200 SMA. While the RSI has room to rise, the stochastic indicator is approaching the overbought zone, which suggests that sellers will regain control. The US dollar’s performance may…
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EUR/USD technical outlook
Read Time: 2 minutesThe Euro is set to close in the red for the ninth consecutive week, trading into four-month lows just north of the 1.0650 handle. Friday saw some bullish recovery for the Euro before broader US Dollar flows sent the pair back towards the day’s opening prices. Daily candlesticks have drifted below the…
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ECB Raises Rates, But Signals Dovishness Going Forward.
Read Time: 3 minutesWhile the interest rate differential is starting to tighten between the 2 economies, if we have a lot of concerns out there about global growth, that almost certainly will drive money into the US dollar. The EUR/USD fell a bit during the trading session on Thursday, as the ECB raised interest rates by 25…
