UOB Group currency strategists have noted that EUR / USD could face a deeper pullback if it falls below 1.2050 in the near term. Key Comments: 24 hour view: “We highlighted last Friday that ‘the downward pressure has eased’ and we expected EUR / USD to ‘trade sideways within the 1.2085 / 1.2150 range’. The […]
Tag: EURUSD
Von der Leyen says AstraZeneca will deliver 9 million more doses of the vaccine
In good news at the start of a new month, Ursula Von der Leyen, president of the European Commission, tweeted on Sunday that AstraZeneca to begin deliveries of its COVID-19 vaccine a week earlier than expected. The EU president added that the Anglo-Swedish pharmaceutical company will deliver nine million more doses of its vaccine to […]
Lane says buying bank stocks or bonds are not in the toolbox
The chief economist of the European Central Bank (ECB), Philip Lane, has said that purchases of bank stocks or bonds to combat the impact of the coronavirus pandemic are not in the central bank’s toolbox, in an interview with the German newspaper Sueddeutsche Zeitung over the weekend. Key Comments: “The ECB and the Eurosystem have […]
With chances of a move towards 1.2200
The EUR / USD is looking to regain more traction beyond 1.2100. Exceeding 1.2200 should expose the 2021 highs. The EUR/USD it advances for the second straight session and extends the rebound above 1.2100 on Friday. Immediately to the upside the key resistance zone is lined up around 1.2180 / 90, where the 21-day SMA, […]
EUR / USD rises to two-day highs near 1.2160 following US data.
The EUR/USD it is up about 20 pips after the release of better than expected US personal income and expense data. The pair has moved towards 1.2155, new two-day high, and at the time of writing it is trading around 1.2152, gaining 0.22% daily. Improving US data boosts sentiment Americans’ personal income rose 0.6% in […]
The ECB is unlikely to lower the official interest rate because the benefit is limited
The European Central Bank is unlikely to lower your interest rateas it sees limited profits on the reduced rates, Reuters reported on Friday, citing sources familiar with the discussions. The ECB is focusing on financing conditions, including bond prices and loan rates in the policy discussion, and much less in the exchange rate, the sources […]
The rate cut is not justified at this time, we are closely monitoring the strength of the euro – Gabriel Makhlouf
The legislator of the European Central Bank (ECB) and Governor of the Central Bank of Ireland, Gabriel MakhloufHe said he does not see the need to cut interest rates at this time. Featured statements: I do not see a rate cut from the ECB at the moment. But certainly is an option if necessary. Uncertainty […]
Attention is now on the 1.2014 level – Commerzbank
Karen Jones, Head of Technical Analysis Research Team at Commerzbank, noted that EUR / USD still remains on the defensive. “He EUR/USD was stable yesterday, but remains on the defensive. It has recently eroded the 55-day moving average and the attention has dropped to 1.2014, the September high, already 1.2003, the upward trend of 2020-2021, […]
Markets rocked by retail frenzy, vaccine concerns and focus on US data
This is what you need to know to trade today Friday, January 29: Market sentiment turned sour on Friday, with investors seeking refuge in the safe-haven US dollar amid escalating tensions between the United States and China, new concerns about a cash shortage in China and disappointing news about the Novavax vaccine. The American pharmaceutical […]
EUR / USD remains supported above 1.2100 amid USD weakness
EUR / USD rose on Wednesday as a result of USD weakness and was back above 1.2100. Data from the US and the Eurozone largely went under the radar and the pair is trading broadly based on USD sentiment. EUR / USD has seen a gradual bullish move for most of Thursday, with gains accelerating […]
