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 […]
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, […]
