The member of the Governing Council of the European Central Bank and President of the Bank of France, Francois Villeroy de Galhau, made a statement, collected by Reuters, highlighting that the negative effects of the euro exchange rate are being closely monitored. Featured statements: “We will maintain favorable monetary conditions as long as necessary. “ […]
Tag: EURUSD
EUR / USD returns below 1.2200
He EUR/USD it is losing some of the gains it posted in the early hours of Wednesday that led to a new two-day high of 1.2222 at the European open. The pair has retraced more than 35 pips in the last hour, returning below 1.2200 to a daily low of 1.2185. At time of writing, […]
The French economy contracted by 4% in the fourth quarter of 2020 – Bank of France
The French economy is forecast to contract 4% in the fourth quarter of 2020 Despite the lifting of confinement due to the coronavirus, the latest estimates from the Bank of France. Featured Comments “The central bank is sticking to an earlier estimate that the eurozone’s second-largest economy contracted 9% over the course of last year.” […]
Bond demand brings dollar down, inflation data and coronavirus in focus
This is what you need to know to trade today Wednesday 13 January: The US dollar is on the defensive after a bond auction drew high demand, causing yields to slide. Markets seem content with the Fed’s reluctance to cut back on its quantitative easing scheme. US inflation and a speech by Lagarde from the […]
EUR / USD is now pointing towards 1.2250 – UOB
The currency strategists of UOB Group suggest that the next level to watch for in EUR / USD is now 1.2250. 24 hour perspective: “Yesterday, we held the view that the rapid decline was oversold, but there was room for the EUR to first test 1.2125 before stabilization could be expected. However, the euro failed […]
EUR / USD regains ground and rises to day highs above 1.2200
He EUR/USD it remained in the early part of Tuesday trading sideways around 1.2150. After testing an intraday low at 1.2137 in the US pre-open, the pair started to regain ground to reach new daily highs around 1.2200. The crossing has recovered about 70 pips from the daily minimum zone, reaching a intraday high at […]
The Netherlands will extend the lockdown for at least three weeks to stop the spread of the coronavirus
The Dutch Prime Minister, Mark Rutte, announced Tuesday that they will extend the lockdown for at least three weeks to curb the spread of the coronavirus in the Netherlands, as reported by Reuters. Rutte also recommended that people stay in the Netherlands and that do not travel until march. Featured statements: “We also have to […]
EUR / USD remains sideways near 1.2150
EUR / USD has been limited near the 1.2180 level earlier on Tuesday. Investors continue to focus attention on yields, US politics and the pandemic. After a failed attempt to advance to the 1.2200 region, EUR / USD returns to the 1.2150 region where it now seeks to consolidate. EUR / USD focuses attention on […]
More falls are on the table
EUR / USD is trading sideways around 1.2150. Additional losses could extend to the 1.2050 region. EUR / USD kept the rises limited and returned to the 1.2150 area, a slight rise for the day. That said, it appears that the bulls cannot regain control of the markets for the time being, leaving the door […]
Chances of a deeper corrective pullback to test 1.2065 / 59 – Credit Suisse
The EUR / USD is trading unchanged Tuesday around 1.2150. Credit Suisse economists continue to look for a pullback with support seen at 1.2129 / 22, then 1.2065 / 59; while on the upside, they locate resistance at 1.2385. Key statements: “Our bias looks towards a breakout in due time and a deeper pullback to […]
