EUR/USD slides to 1.0279, reaching its lowest depth since the last month (December) of 2002. The US dollar rallied while stocks dipped, and this portrays market worries. The S&P Global published the last version of European Unions Purchasing Manager Indices. Subsequently, the published PMIs revealed that economic development in Europe declined to a 1 year […]
The euro (EUR) continued on a bearish trajectory Thursday after losing form against the dollar on Tuesday. The USD enjoyed support from growing safe-haven demand as inflation and global recession worries increased. The single currency currently trades at 1.0410, down by 0.26% in the US session, giving it a 48-hour decline of -1%. With that, […]
EUR/USD is getting close to the 1.0600 mark today. This is because of the action of downward forces on the USD. Stocks in Europe rose beyond 1%, as it obtains strength from Asian and American counterparts. This made investors reconsider if the central bank will continue with its violent rate increase, as economic development decreases. […]
EUR/USD staged a mild recovery last week after refreshing its May low near 1.0350, closing the week a few points below the 1.0600. The mild bullish momentum was restricted from crossing the 1.0600 mark as sellers defended against any bullish extension. In the last few months, inflation-related concerns have morphed into recession fears as risk […]
EUR/USD continues to rise higher for two days in a row. Although, the pair is still trying to attain the 1.0600 price level because sellers keep causing setbacks for it. EUR/USD was trading around 1.0582 at the time of writing, recording a good upward movement of around 0.18%. Market feelings are favorable, as world equity […]
EURUSD Price Analysis – June 20 In case the bears break down the support level of $1.04, the price may reach support levels of $1.02 and $1.01. Should the buyers defend the support level of $1.04, the price may increase above the resistance level of $1.06, then, price may increase to test the resistance level […]
Central banks across the globe have been responsible for the recent volatility pump into the FX market, as the EUR/USD pair whipsaws between 1.0350 and 1.0800. Fiber ended last week’s session around the mid-point of this range at 1.0500, as dollar traders remained torn between inflation fears and demand for safety. Last week, the US […]
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 […]
