EUR/USD price action slides to about 1.0520, during a change in the risk-off push. However, traders are waiting on the publication of the Eurozone HICP and Fed: Powell’s Statement for directions. A preparatory assessment of Eurozone HICP is a stabilization of the previous publication. The Euro area upward forces have swapped attention to the HICP: […]
EURCHF Analysis- June 14 EURCHF bear continues to break down as buyers were unable to break through the 1.04950 key zone. As a result of 1.04950 being a strong resistance point on the Kiwi price, the buyers were unable to sustain themselves above this region. What was witnessed was a strong reversal. And as the […]
The EUR/USD pair recorded a predominantly bearish week to close its weekly candle near the 1.0500 inflation fears triggered risk flight. Most macroeconomic data highlighted worsening price increases and economic growth, prompting investors to flock to safer assets. The European Central Bank (ECB) played the most critical role in the dollar’s bullish performance last week […]
The euro extended its losses in the London session on Tuesday but remained close to its highest point in the month as it moves towards closing its best year in 2022. This comes amid raging inflation data that could prompt the European Central Bank (ECB) to increase its lending rates. In Germany, consumer prices increased […]
The euro recorded a sharp rally on Thursday as investors price in the possibility of an aggressive policy outlook by the European Central Bank (ECB) in the near term, amid a retrace in the dollar following significant gains in previous sessions. Reports show that money markets are pricing in a potential 106 basis points (bps) […]
EUR/USD has resumed its downward trend after it failed to reverse trend on Friday, as the talks of avoiding risk also contributed to the disparity in ECB’s (European Central Bank) and Fed (Federal Reserve) monetary policy. The President of the Federal Reserve Jerome Powell didn’t agree with the initiative of a 75bps interest rate increase, […]
EUR/USD market has broken this year’s lows of 1.0636 on a continuously held basis, as it now heads in the direction of 1.0600, a price level which has not been reached since the fourth month (April) of 2017. which is the five years low Continuous purchasing interest perceived in the USD (US dollar), because it […]
The market continues its bearish trend, heading in the way of last week’s low of 1.0761 price level, as all its initial gains, which was caused by the result of the presidential election that took place in France gets cancelled. EUR/USD cancels out its starting gain of about 50-pips at a price level of 1.0841, […]
The EUR/USD market currently has no direction as it trades with a thin radius of 1.0780 and 1.0800 price levels while the dollar index stabilize following hitting an approximate resistance price level of 101 during the Tokyo session. Traders and Investors are expecting the order From Jerome Powell (Federal Reserve Chairman) and Christine Lagarde (European […]
