The EUR/USD is focusing on higher value levels while the United States Retail Sales become the result of rising inflation in the economy. Last week, the United States Retail Sales was published at 1%, which is more than the last -0.3%, and anticipated 0fuel The high cost of fuel and food caused a spike in […]
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: […]
