Sun, June 16, 2024

EUR trading

Euro (EUR)

EUR/USD Mid-Day: Neutral Bias at 1.0915 and 1.0718

Quick Look: EUR/USD remains neutral, watching 1.0915 for an upward move and 1.0718 for a downward shift. The pair is adjusting from a high of 1.1274, with 1.0601 and 1.1138 as significant levels.  Noise and choppiness dominate, influenced by Federal Reserve and ECB policies. As we reach mid-day, the EUR/USD pair presents a neutral bias, with …

EUR/USD Mid-Day: Neutral Bias at 1.0915 and 1.0718 Read More »

GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Trading at 1.2718 with 0.03% Daily Decline

Quick Look: The short-term trend remains bullish, with GBP/USD Price at 1.2718 with a slight daily decline of 0.03%. Support at 1.2688/1.2654, resistance at 1.2800/1.2970, 21-day EMA at 1.2712, bullish MACD and RSI above 50. UK Employment Data expected job contraction of 100,000; wage growth at 6.1%, impacting inflation. The strong US Dollar impacts GBP/USD, …

GBP/USD Trading at 1.2718 with 0.03% Daily Decline Read More »

euro, usd

EUR/USD at 1.0850; FTSE Falls on Royal Mail Takeover

Quick Look: The EUR/USD pair struggles at 1.0850 amid a stronger USD driven by hawkish Fed comments and strong US consumer confidence data. The USD strengthens broadly, influenced by strong consumer confidence data, the Fed’s Beige Book, and hawkish remarks from Fed officials. The EUR/USD pair is under pressure as the US dollar strengthens. This …

EUR/USD at 1.0850; FTSE Falls on Royal Mail Takeover Read More »

Euro (EUR)

EUR/USD Teeters at 1.0820 Amid Strong US Dollar

Quick Look: EUR/USD hovers near 1.0820, driven by stronger US dollars and higher yields. The US Dollar gains from higher yields and a 62% probability of Federal Reserve rate cuts by September. ECB may cut rates by June; President Lagarde is confident in managing inflation despite weak Eurozone fundamentals. The EUR/USD currency pair hovers at …

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dollar, euro, Ukraine, eur/usd

EUR/USD Hits 1.0780: Rising Amid FOMC and CPI Events

Quick Look: Strong Technical Support: EUR/USD above key levels; 14-day EMA at 1.0752. Bullish Breakout Potential: Resistance near 1.0800; exceeding it could reach 1.0885. Important Economic Data: Upcoming CPI could weaken the USD, boosting the Euro. The Euro experienced a significant recovery against the US Dollar during the Asian trading session on Tuesday. The EUR/USD …

EUR/USD Hits 1.0780: Rising Amid FOMC and CPI Events Read More »

NZD/USD - New Zealand dollar bills.

NZD Falls to 0.6000 USD Amid Weakening Economic Indicators

Quick Look: The NZD/USD current rate is 0.6000 amid bearish trends, weakening domestic indicators, and strong US data. Reserve Bank of New Zealand hints at a possible rate cut 2024 due to declining inflation expectations. Technical analysis shows NZD/USD nearing critical support, with potential deeper lows if current levels break. The New Zealand Dollar (NZD) …

NZD Falls to 0.6000 USD Amid Weakening Economic Indicators Read More »

dollar, euro, Ukraine, eur/usd

EUR/USD Dips to 1.0730 Amid Weak Eurozone Data

Quick Look: EUR/USD below key levels like the 200-day moving average, showing strong selling pressure. German industrial metrics and Eurozone retail trends are key; US Fed commentary is also critical. Supports at 1.0730 and 1.0700; resistances at 1.0765 and 1.0800. The EUR/USD currency pair faces downward pressure, showing a potential second consecutive daily drop. As …

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euro (EUR), European currencies rallied on Monday. What about Dollar?

EUR/USD Faces 3.4% Drop Amid US and EU Economic Shifts

Quick Look: EUR/USD faces a pivotal week with key US and EU economic indicators. Resistance and support identified: Resistance at 1.0754, Support at 1.0654. Upcoming US inflation data and central bank decisions are critical for the short-term outlook. The EUR/USD currency pair is moving toward a crossroads, facing challenges and opportunities. Investors and traders are …

EUR/USD Faces 3.4% Drop Amid US and EU Economic Shifts Read More »

Wibest – UK Currency: The UK and EU flags in front of the UK parliament.

UK Inflation Hits 13-Month Low at 2.4%, Unexpectedly Drops

Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven down by lower airfares. Bank of England may delay rate hikes, with shifting odds now favouring a rise by August. Economic signs mixed, with factory costs up but pound strength and job market stability noted. In a surprising turn of events, British inflation …

UK Inflation Hits 13-Month Low at 2.4%, Unexpectedly Drops Read More »

Euro is back on track

Euro Wavers: ECB Rate Signals and Mixed Global Indicators

Quick Look: ECB Vice President hints at June rate cut, influencing EUR/USD exchange rates. Mixed PMI data presents a complex economic outlook; the US shows weaker figures. Technical patterns suggest a potential decline in EUR/USD amid fluctuating forex markets. In a week filled with pivotal economic updates, the euro experienced significant fluctuations, influenced by European …

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