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 […]
The EUR/USD pair struggled to record any meaningful bullish move on Friday after tapping a two-year low of 1.0757 the previous day. However, Fiber managed to close last week’s session above the 1.0800 support level. Various sources suggest the primary catalyst for the weak euro came from the European Central Bank (ECB), after the bank’s […]
EURUSD Price Analysis – April 11 An increase in the bears’ pressure may break down $1.07 support level by the bears and this may result to further price decrease towards $1.06 and $1.05 support levels. Should Bulls push the price to penetrate the resistance level of $1.09, price may increase towards the resistance level of […]
The EUR/USD pair has maintained a downward trend for the past few days, although this trend follows a non-linear pattern. The pair traded around the 1.1000 mark in the London session on Tuesday as investors remained on the sidelines ahead of the speech from the European Central Board (ECB)’s President Christian Lagarde and the announcement […]
Amid the worsening tensions from the ongoing Russia-Ukraine crisis, as more nations sanction Russia, the EUR/USD pair began today’s trading session lower than its Friday close of 1.1273 to open in the Asian session at 1.1122. Market participants’ reaction to the ongoing geopolitical crisis thwarted demand for safe-haven assets and currencies like the US dollar, […]
