He EUR/USD it collapsed during the European session and the beginning of the American one, yielding more than 100 pips until stopping at 1.2059, new nine-day low. In the last two hours, the pair has rebounded to the upside, managing to regain the 1.2090 / 95 region, but remaining very pressed down, still far from […]
Tag: EURUSD
ECB officials believe markets have underestimated the chances of an interest rate cut – Bloomberg
The European Central Bank (ECB) officials believe markets are underestimating the likelihood of rate cutsBloomberg reported Wednesday, citing sources familiar with the matter. Lawmakers are reportedly uncomfortable with investors ruling out rate cuts and have agreed to reassure markets that a rate cut is still a viable option. Market reaction The shared currency suffered heavy […]
Germany: The German economy will return to its pre-crisis level in the second half of 2022
With the coronavirus shutdown coming to an end in Germany, many sectors will grow rapidly, the German economy minister said on Wednesday, Peter Altmaier, Reuters reported. Altmaier further noted that they expect the German economy to return to its pre-crisis level by the second half of next year. Market reaction These comments were largely ignored […]
EUR / USD flirts with weekly lows, around 1.2100 after US data.
EUR / USD witnessed strong selling on Wednesday and fell to fresh weekly lows. A sharp drop in equity markets supported the dollar as a safe haven and put pressure. Upbeat US durable goods orders made little difference, as the focus remains on the FOMC. The pair EUR/USD He maintained his offered tone during the […]
DIW says the economy is likely to contract 3% in the first quarter of 2021
Germany, Europe’s largest economy, it will probably contract 3% in the period January to March 2021, as the latest forecasts published by the German economic institute DIW showed on Wednesday. Key Comments: “First quarter German GDP is expected to fall 3% QoQ”. “Forecast German GDP for the fourth quarter unchanged QoQ.” “The blocking measures are […]
EUR / USD falls below 1.2120 as Knot says the strength of the euro would gain importance if it threatens the inflation outlook
Commenting on the euro exchange rate, the member of the Governing Council of the European Central Bank (ECB) and the director of the Dutch central bank, Klass Knot, has said that the strength of the euro would become important for the central bank if it threatens its inflation outlook.. Additional comments: “The ECB will act […]
Consolidating Tuesday’s gains, the 50-day SMA is the level to defend for the bulls
EUR / USD’s immediate bias remains neutral despite Tuesday’s rally. The recently tested 50-day SMA is crucial support. EUR / USD is moving sideways at the start of the European session on Wednesday, consolidating the gains of the previous day and having defended the support of the 50-day SMA. While the rebound from the 50-day […]
We are committed to maintaining a very accommodative political stance – François Villeroy
The member of the Governing Council of the European Central Bank (ECB), François Villeroy de Galhau, said this Tuesday that they have the commitment to maintaining a very accommodative political stance, as reported by Reuters. Featured statements: “We want to avoid unjustified fragmentation caused by shocks or volatility“. “We will be ready to use the […]
EUR / USD jumps to new highs of the day near 1.2180 due to activation of risk appetite
Risk appetite has returned to the markets and the euro is benefiting from it. The crossing EUR / USD has jumped in the past hour to new daily highs at 1.2176, recovering about 70 pips since the European open hit six-day lows at 1.2107. He dollar index DXY, for its part, stars in the reverse […]
EUR / USD rises above 1.2150 updates session highs amid notable USD bid
EUR / USD posted a nice intraday bounce from multi-day lows around 1.2100. A trend reversal in risk sentiment hit the dollar as a safe haven and acted as support. Intraday selling of the USD accelerated during the early days of the American session and pushed the pair EUR/USD to new daily highs, around the […]
