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 […]
EURCHF Analysis – August 9 EURCHF sellers have regained mastery of the market. They do this by forcing the market into a downward motion from the significant resistance level of 1.04960. A double top reversal pattern was employed to spark a reversal at that resistance level. Hence, the buyers’ influence in the market has since […]
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 […]
The euro traded lower in the European session on Thursday but received support from rising risk appetite. Regardless, the single currency remained dangerously close to its two-decade low of 1.0160 as increasing energy prices worsened recession fears. The euro trades at 1.0200 after tapping its lowest point since December 2002. Reports showed that Implied Volatility […]
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, […]
The EUR/GBP pair resumed a mild bullish tone ahead of the European session on Monday, tapping the 0.8630 top. However, this bullish traction is resisted by the risk-off sentiment emanating from Brexit and an attempted rebound by the US dollar. On Monday, British policymakers in the House of Commons passed a vote in favor of […]
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 […]
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 […]
