The euro-dollar (EUR/USD) pair continues to trade around 1.0600 following the release of the US Federal Reserve’s (Fed) December monetary policy minutes, which revealed that policymakers remain committed to combating inflation and do not foresee a rate reduction in 2023. As a result, the EUR/USD fell to 1.0585 before rising to the current price. The […]
On Monday, the risk-on mood prevailed throughout markets, with European stocks soaring on persisting hopes China could relax COVID rules. As a result, the euro (EUR) and sterling (GBP) appreciated versus the safe-haven U.S. dollar (USD). According to a survey released on Monday, investor sentiment in the eurozone climbed in November for the first time […]
The euro (EUR) continued on its weak trajectory against the dollar (USD) on Friday, following the release of stronger-than-expected Unemployment data and Nonfarm Payrolls. Apart from this, worrisome data from Germany also exerted additional pressure on the European currency. Europe’s superpower economy is showing weaker economic activity after industrial production showed worse-than-expected outcomes. Reports show […]
The euro (EUR) reclaimed its footing above parity against the dollar (USD) on Tuesday as traders turned their focus to Germany’s inflation data, which should give indications of the likelihood of an aggressive interest rate hike decision by the European Central Bank (ECB). At press time, the EUR/USD pair trades up by 0.32% today, after […]
EURCHF Analysis – August 23 EURCHF dips to its lowest level ever, which is just a marginal distance from its previous all-time low at 0.96140. It happened after the sellers maintained their aggression to shrug off attempts by the buyers to balance the market. There is now a temporary stop at the new lowest level […]
A report released by the US Commodity Futures Trading Commission (CFTC) on Friday shows the market speculators’ net long positioning on the US dollar (USD) jumped in August, while net shorts on the euro (EUR) increased too. The report showed that the net longs on the greenback jumped to $13.37 billion in the second week […]
EUR/JPY keeps performing well for five days straight, making daily highs near 137.00. Thereby, this pair has been able to portray wide Euro not minding the political tensions in Italy. Also, Euro has remained unaffected by the decline in United States Treasury yields. Having said this, it appears as if the EUR is responsible for […]
Market Analysis- July 12 EURCHF bears are leading the market to a significant demand zone. The downtrend motive wave began its first impulse on April 25, 2018. Currently, the market appears to be following the Elliot Wave theory, with prices moving in fractals. EURCHF Significant Levels Resistance levels: 1.0520, 1.0220Support levels: 0.9780, 0.9650 EURCHF Long-Term […]
The euro (EUR) plugged its losing streak against the dollar on Friday but ended the week as the worst-performing currency due to rising recession worries. The sell-off in the single currency spilled over to the Swiss franc (CHF), which closed the week as the second-worst performer. The British pound (GBP) came under intense pressure after […]
