In recent days, the euro has managed to hold up well against several currencies. But in the opinion of economists Commerzbankthe euro’s recent move looks reasonably fragile. The ECB seems to be able to convince the market, for now “Recent hawkish comments by members of the European Central Bank (ECB) appear to have had an […]
Tag: EURUSD
EUR/USD risks further decline below 0.9900 – UOB
A break of 0.9900 could accelerate losses in the EUR/USD in the short termforex strategists suggest UOB Group, Lee Sue Ann, and Quek Ser Leang. 24 hour outlook: “Euro’s sharp drop to a low of 0.9909 came as a surprise (we were expecting the euro to move in a range). Despite the quick rebound from […]
Forex Today – Asian Session: The dollar continues to lose
What to watch for on Friday, September 2: Financial markets started September on the wrong foot, as recession-related concerns were exacerbated by China’s announcement that Chengdu, a city of roughly 21 million people, has been placed in lockdown over coronavirus. The US dollar rose, helped by upbeat local data and gloomy markets. In Europe, attention […]
EUR/USD crashes below 0.9920
EUR/USD plummets almost 1% after encouraging US economic data. The US manufacturing PMI shows that the US economy remains in expansion territory. The money market futures odds of a 75 basis point rate hike by the Fed stand at 75%. The EUR/USD breaks below parity, extending losses after hitting a weekly high of 1.0079 on […]
When is the US Manufacturing PMI released and how could it affect EUR/USD?
US Manufacturing PMI Outlook The Institute of Supply Management (ISM) will publish this Thursday, at 14:00 GMT, the result of its latest survey of manufacturing companies, also known as the ISM Manufacturing PMI. The index is expected to have dropped to 52 in August, down from 52.8 the previous month. The indicator will provide a […]
EUR/USD will drop towards 0.95 over the next month – Rabobank
On Wednesday, the EUR/USD closed at its highest level since mid-August. Nevertheless, Rabobank economists they expect the pair to fall towards 0.95 in the next month. The strength of the dollar will remain for about six more months “Before the Jackson Hole meetings, the market was expecting an ECB rate hike of 1% for the […]
EUR/USD Price Analysis: Solid support lies around 0.9900
EUR/USD sees its bounce cut back and returns to levels below parity. Firm containment is expected near the 0.9900 area. The EUR/USD is under renewed strong downward pressure, falling back below the key parity zone on Thursday. Further consolidation seems the most likely scenario in EUR/USD at the moment, still within the 1.0100-0.9900 range. The […]
EUR/USD falls to the 1.0000 zone on a stronger dollar
The euro cuts with three days of rises against the dollar. EUR/USD remains slightly bullish in the very short term, but without strength. Ahead: US data on manufacturing and jobless claims. The EUR/USD is cutting three days higher and losing ground on Thursday against a firmer dollar. The pair recently fell to 1.0001 and then […]
EUR/USD will remain in a range of 0.9900-1.0100 – ING
The ING economists doubt that the European Central Bank’s (ECB) 25 basis point tightening this fall will make much of a difference to the soft EUR/USD profile. The pair will remain within a range of 0.99-1.01. ECB hawks could struggle to spark euro liftoff “Markets are now pricing in a 69 basis point hike at […]
EUR/USD: Euro Bulls Will Probably Have to Be Patient for Some Time – Commerzbank
The likelihood has increased that the European Central Bank (ECB) will take action, rather than just talk, and raise its key rate by an impressive 75 basis points next week. Nevertheless, the market would probably sell the euro in a first reaction, according to Commerzbank economists. The ECB still has to convince in its comments […]