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Tag: EURUSD

EUR / USD seems to end the day little changed below 1.2200

EUR / USD seems to end the day little changed below 1.2200

EUR / USD lost its momentum after rising higher on Monday.The US Dollar Index remains in positive territory above 90.00. Positive data from the euro area did not help the shared currency to gain strength. After closing the previous two trading days in positive territory, the EUR / USD pair struggled to preserve its bullish […]

EUR / USD remains in range around 1.2170

EUR / USD remains in range around 1.2170

The EUR / USD pair continues to trade sideways on Tuesday. German 10-year yields fall to multi-week lows near -0.23%. German EMU economic sentiment for June disappointed market expectations. The single currency maintains the offered tone unchanged so far and motivates the EUR/USD to stay within the daily consolidation position around the 1.2170 area. EUR […]

Downstream pressure eased above 1.2250

Downstream pressure eased above 1.2250

EUR / USD finds weekly resistance at the 1.2200 area. Additional gains are seen above the mid-1.2200 in the short term. The EUR / USD bounce appears to have hit a decent hurdle in the 1.2200 neighborhood so far this week. A move above the latter should expose the short-term resistance line (outside the March […]

EUR / USD falls modestly and remains in the range 1.2160 / 80

EUR / USD falls modestly and remains in the range 1.2160 / 80

Slight recovery of the dollar sends EUR / USD below 1.2200. Intraday bias is bearish as the pair struggles to find direction. EUR / USD is retreating on Tuesday, having advanced for the second day in a row on Monday. The euro failed to sustain above 1.2200 and bottomed out on Tuesday at 1.2163. It […]

EUR / USD breaks higher and rises towards 1.2200

EUR / USD breaks higher and rises towards 1.2200

The DXY declines returning below 90.00 as US yields fall. EUR / USD returns by climbing above the 20-day moving average. The EUR/USD it traded in a small range for most of the day and broke higher during the US session, climbing towards 1.2200. The euro is now rising for the second day in a […]

EUR / USD to plummet below 1.20 as Fed downsizing looms on the horizon

EUR / USD to plummet below 1.20 as Fed downsizing looms on the horizon

Friday’s release of May’s “good but not so good” US labor data showed a decent level of improvement in the US labor market, but not enough to heighten fears that the Fed should start cutting its price. Asset purchase program imminent. While there may not be an urgent need for the Fed to decline, the […]

EUR / USD sideways in small range above 1.2150

EUR / USD sideways in small range above 1.2150

The DXY rises modestly at the start of the week EUR / USD remains below the 20-day average. The EUR / USD fell during the European session to 1.2144 but quickly returned above 1.2150. ANDIt is trading around 1.2160, moving in a small range below 20 days for hours. The limited runs are dominating on […]

Do not rule out another visit to 1.2100

Do not rule out another visit to 1.2100

The EUR / USD so far in a session with limited travel around 1.2150. Strong support is expected near 1.2100. EUR / USD is trading within a narrow range around 1.2150 as market participants continue to digest Friday’s non-farm payrolls. Moving to a consolidation phase remains a very short-term possibility, especially ahead of Thursday’s key […]

Factory orders below estimates, down -0.2% month-on-month in April

Factory orders below estimates, down -0.2% month-on-month in April

German factory orders fell 0.2% month-on-month in April, below estimates. On an annual basis, German factory orders increased 78.9% in April. German factory orders unexpectedly fell in April, suggesting that the manufacturing sector in Europe’s economic powerhouse is not out of the woods yet. Purchases of ‘Made in Germany’ goods fell -0.2% in the month […]

EUR / USD jumps to 1.2175 zone after US employment report

EUR / USD jumps to 1.2175 zone after US employment report

The dollar plummets after May employment data. EUR / USD rises strongly and cuts losses on Thursday. The EUR / USD rose sharply from the 1.2105 / 20 range, which had contained the hourly rate to 1.2175, after knowing the official report of employment of May of the United States. The euro hit highs for […]