EUR/USD accelerates losses and falls to new cycle lows. Below the low for the year is the December 2002 low at 0.9859. The EUR/USD resumes the leg down and breaks below the 0.9900 level to hit a fresh two-decade low in the 0.9880/75 area on Monday. A continuation of the downtrend cannot be ruled out […]
Tag: EURUSD
Eurozone: Retail sales fall 0.9% yoy in July vs. -0.7% expected
Eurozone retail sales came in at 0.3%m/m in July vs. 0.4% expected. Retail sales in the bloc came in at -0.9% yoy in July vs -0.7% expected. Eurozone retail sales rose 0.3% mom in Julyversus 0.4% expected and -1.0% previously, official figures released by Eurostat showed on Monday. In annual terms, the bloc’s retail sales […]
Eurozone: Sentix Investor Confidence Deteriorates to -31.8 in September vs. -27.5 Expected
The Sentix index of investor confidence in the euro zone stood at -31.8 points in September, compared to -25.2 in August and -27.5 expected. The index interrupted its recovery amid growing fears of a recession. The eurozone current situation index fell to -31.8 points in September, from -25.2 in August. The expectations index fell to […]
EUR/USD: No obvious support level until the 0.9600/0.9650 area – ING
EUR/USD has fallen below 0.9900 for the first time since October 2002. ING economists expect the world’s most popular currency pair to extend your decline towards the 0.9600/0.9650 zone. The 75 basis point hike is too big a jump for the ECB “Gas news has sent EUR/USD to a new yearly low and it is […]
EUR/USD pressured to fresh lows below 0.9900
EUR/USD falls below 0.9900 and marks new cycle lows. Germany’s final services PMI stood at 47.7 in August. US markets will remain closed due to the Labor Day holiday. The sellers returned to the European currency and dragged EUR/USD to new lows in the 0.9880/75 region for the first time since December 2002 during the […]
EUR/USD is at risk of further decline once it breaks the 0.9900 level – UOB
UOB Group currency strategists Lee Sue Ann and Quek Ser Leang suggest that EUR/USD could accelerate losses if it closes below 0.9900. Featured Comments 24 hour view: “EUR/USD rose to a high of 1.0033 during the New York session before falling sharply to as low as 0.9941. EUR/USD opened on a weak tone in Asia […]
EUR/USD Price Analysis: Range expected to hold in the short term
EUR/USD regains composure and breaks above parity level. Further consolidation seems favored at the moment. The EUR/USD fades part of Thursday’s strong selloff and manages to recover area above key parity level by week’s end. Further consolidation seems the most likely scenario in EUR/USD at least in the short term, always within the 1.0100-0.9900 range […]
EUR/USD extends gains above parity level after US NFP.
EUR/USD remains above the parity level on Friday. US nonfarm payrolls increased by 315,000 jobs in August. The unemployment rate rose to 3.7%. The EUR/USD keeps the daily supply bias unchanged and manages to retest the 1.0030 region after the release of August non-farm payrolls. EUR/USD looks well supported near 0.9900 EUR/USD remains positive on […]
ECB Survey: European consumers see inflation for the next 12 months at 5%.
The European Central Bank (ECB) carried out a survey on consumer expectations regarding inflation, the main results of which are indicated below. Perceived inflation over the previous 12 months continued to rise, with the average rate now standing at 7.9%, up from 7.2% in June. Compared to the month of June, consumer expectations for inflation […]
EUR/USD to drop to 0.97, yen to weaken to 142.00 and pound to 1.14 – ANZ
EUR/USD is below parity and USD/JPY is above 140.00. The ANZ Bank economists expect EUR/USD and USD/JPY to move towards 0.97 and 142.00respectively. DXY will hit 112.00 in early 2023 “Our new global forecasts see the euro slip below parity to 0.97, the yen weaken to 142.00 and the lpound sterling up to 1.14. These […]