The currency strategists of UOB Group suggested that the EUR/USD remains lateralized and could retest the 1.1680 region in the coming weeks. 24 hour perspective: “We highlighted yesterday that there was room for the EUR to weaken further but that 1.1700 was likely to be out of range for now. However, the euro traded quietly […]
Tag: EURUSD
France: There will be curfews in major cities starting Saturday for four weeks – Emmanuel Macron
French President Emmanuel Macron, announced Wednesday that they will begin imposing nightly curfews in major cities starting Saturday for four weeks to limit the spread of the coronavirus, Reuters reported. Additional conclusions “The situation of the COVID-19 pandemic is worrying.” “We have not lost control of the situation.” “We have to react. The second wave […]
EUR / USD Extends Gains Towards 1.1770 As US Dollar Pulls Back
The euro bounces from week-long lows against the dollar to 1.1770. EUR / USD finds support around the 20-day moving average. The pair EUR/USD It hit a new daily high at 1.1770 during the US session amid a decline in the US dollar across the board. The dollar retreats favoring an upward movement of the […]
ECB: Rehn says inflation expectations are anchored too low
The member of the Governing Council of the European Central Bank (ECB), Olli Rehn, said on Wednesday that inflation expectations in the euro zone are, unfortunately, anchored too low, as reported by Reuters. “The ECB you need a clear and genuinely symmetrical price stability target and a reaction function that is strong enough and equally […]
EUR / USD Price Analysis: Another visit to 1.1700 not ruled out
EUR / USD bounces away from lows near the 1.1720 region on Wednesday. The next key area in dispute arises in the neighborhood of 1.1700. After a dip to multi-day lows at the 1.1720 / 15 zone earlier in the session, the EUR/USD it has managed to return to positive territory near 1.1770 at the […]
ECB: Lack of containment measures to bring monetary policy closer to limits – Robert Holzmann
“The Longer, longer, or stricter containment measures will likely require more monetary and fiscal adjustments in the short term“The European Central Bank (ECB) policymaker and governor of the Austrian National Bank said on Wednesday, Robert Holzmann. “The absence of containment measures would likely push fiscal and monetary policy even closer to the limits,” Holzmann added. […]
EUR / USD extends slide to 1.1720 ahead of ECB speech
EUR / USD remains on the defensive well below 1.1800. Investors’ attention remains on US politics and the pandemic. An ECB speech and eurozone industrial production data are prominent on today’s economic calendar. The pair EUR/USD extends the drop towards the region of 1.1720, reaching new lows of several days at levels not seen since […]