UOB Group currency strategists forecast a further decline in EUR / USD below 1.2080. Key Comments: 24 hour view: “Yesterday we highlighted that ‘the bullish momentum has improved a bit and the bias is leaning higher.’ We added that ‘any EUR / USD advance is expected to face strong resistance at 1.2170’. However, the 1.2170 […]
Tag: EURUSD
EUR / USD plummets to new daily lows near 1.2075 per dollar strength
He EUR/USD has lost 20 pips in the last hour, slipping to new lows of the day at 1.2076 after the sudden strength of the dollar that is moving the main currency pairs. The cross operates at the time of writing on 1.2078, losing 0.40% daily. The DXY index that measures the greenback has not […]
55-day moving average near 1.2050 offers support, for now
EUR / USD deflates after a move to 1.2160. The 1.2050 zone offers decent support for now. EUR / USD broke above the 1.2100 zone on Wednesday, although bullish momentum ran out of fuel near 1.2160. If the recovery picks up steam, then the next intermediate hurdle comes in the Fibonacci retracement (from the November-January […]
EUR / USD could prolong the corrective phase as long as it remains below 1.2231 – Credit Suisse
EUR / USD has recovered strongly after holding as expected the 38.2% retracement of its November / January rally and the 55-day average at 1.2065 / 54, Credit Suisse analysts explain. They warn that a recent break above 1.2223 / 31 would confirm that the downward correction ended. Key statements: “The EUR / USD has […]
EUR / USD retraces from day highs and approaches 1.2100
Euro under pressure against the dollar and the euro. EUR / USD reverses trend and falls below the lows of the American session on Tuesday. He EUR / USD hit multi-day highs hours ago, but then reversed the trend, erased the gains and just fell to 1.2114, hitting a new low for the day. The […]
The Eurozone CPI meets the forecasts with 0.3% in December, EUR / USD falls to daily lows
Inflation in the euro area stood at -0.3% year-on-year in December. The monthly CPI rises 0.3% in December. EUR / USD falls to daily lows near 1.2110 following the data release. According to Eurostat’s final reading of the December Eurozone CPI report, consumer prices stood at a -0.3% annually for the fourth consecutive month, meeting […]
The dollar is not out of the woods yet
This is what you need to know to trade today Wednesday, January 20 in the Asian session: He mood The market was bullish for the first half of the day, pushing the dollar lower against its high-yielding rivals. Investors awaited the comments of the candidate for Secretary of the Treasury, Janet Yellen, who spoke before […]
It is important to remember that we are in an environment of low interest rates, it is time to invest
Janet Yellen, the nominee for Secretary of the Treasury, has said that the environment is one of low interest rates, which justifies the investment. Ten-year Treasury yields have fallen to 1.092% from close to 1.12% earlier in the day. Yellen has emphasized that Congress should pass additional fiscal support to avoid scarring the economy instead […]
With interest rates at record lows, the smart thing to do is go big
The candidate for Secretary of the Treasury, Janet Yellen, has been testifying in front of the Senate Finance Committee and has asked Congress to act to support the struggling economy. The former chair of the Federal Reserve has emphasized that interest rates are at record lows, allowing broad action. Yellen added that her goal is […]
Germany will extend the blockade until February 14, the Italian government will survive the vote
German Chancellor Angela Merkel has agreed with state leaders extend the national blockade until February 14. Europe’s largest economy has been struggling with a significant wave of coronavirus cases and deaths. In Italy, the third largest economy in the eurozone is facing a political crisis. The government survived a vote of no confidence in the […]
