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Tag: EURUSD

EUR/USD maintains short-term consolidated trend – UOB

EUR/USD maintains short-term consolidated trend – UOB EUR/USD maintains short-term consolidated trend – UOB

UOB Group currency strategists Lee Sue Ann and Quek Ser Leang noted that the EUR/USD navigate inside the range of 0.9940-1.0125 in the coming weeks. 24 hour outlook: “The EUR traded between 0.9972 and 1.0078 yesterday, expanding our expected sideways trading range of 0.9985/1.0060. Price actions offer no new clues and we expect the euro […]

Forex today: The dollar remains victorious for another month

Forex today: The dollar remains victorious for another month Forex today: The dollar remains victorious for another month

What to watch for on Thursday, September 1: The US dollar ended the month of August with substantial gains across the currency board. On Wednesday, it rose against most of its major rivals, although the EUR/USD pair advanced for the third day in a row and traded around 1.0050. The EU’s Harmonized Index of Consumer […]

EUR/USD hovers around 10057 after hitting new highs for the week

EUR/USD hovers around 10057 after hitting new highs for the week EUR/USD hovers around 10057 after hitting new highs for the week

EUR/USD advances strongly ahead of US NFPs and next week’s ECB monetary policy decision. The Cleveland Fed’s Mester expects Fed funds rates to rise above 4% and would like to keep them higher for longer. ECB hawks expect at least a 50 basis point hike at the September 8 meeting. Money market futures estimate that […]

EUR/USD leaves behind daily lows near 0.9970

EUR/USD leaves behind daily lows near 0.9970 EUR/USD leaves behind daily lows near 0.9970

EUR/USD bounces away from lows initially hit in the 0.9970 area. The dollar gives back part of the recent advance beyond 109.00. EMU inflation figures surprised to the upside in August. After a push towards the 0.9970 area, the EUR/USD managed to gain traction and regain parity on Wednesday. EUR/USD finds support around 0.9970 EUR/USD […]

EUR/USD falls below 1.0000, to two-day lows

EUR/USD falls below 1.0000, to two-day lows EUR/USD falls below 1.0000, to two-day lows

A stronger dollar pushes EUR/USD below parity again. Intraday outlook favors the dollar, although the price remains in the recent range. European and US bond yields continue to rise. EUR/USD was unable to break above 1.0050 and reversed direction, falling to 0.9970, the lowest level in two days. The pair remains below parity with a […]

EUR/USD Price Analysis: Range Likely to Remain Limited…To NFP?

EUR/USD Price Analysis: Range Likely to Remain Limited…To NFP? EUR/USD Price Analysis: Range Likely to Remain Limited…To NFP?

EUR/USD is under modest pressure below parity. Solid containment remains around the 0.9900 area. The EUR/USD loses some ground after Tuesday’s two-day highs in the 1.0050/55 band. Further consolidation seems the most likely scenario in EUR/USD at the moment, still within the 1.0100-0.9900 range. The pair is expected to keep this theme unchanged for the […]

EUR/USD and GBP/USD will reach 0.96 and 1.12 by the end of the year – UBS

EUR/USD and GBP/USD will reach 0.96 and 1.12 by the end of the year – UBS EUR/USD maintains short-term consolidated trend – UOB

The Dollar Index (DXY) hit a new 20-year high last week. Although it has since receded slightly, the index’s recovery so far this year is still above 13%. In the opinion of UBS economists, the dollar is likely to continue rising in the short term. The dollar should reach its maximum in the next six […]

EUR/USD: Main Bearish Message Remains – Credit Suisse

EUR/USD: Main Bearish Message Remains – Credit Suisse EUR/USD: Main Bearish Message Remains – Credit Suisse

EUR/USD has managed to regain parity again. Talk of a 75 basis point rate hike from the European Central Bank (ECB) and positive energy developments in Europe have supported the single currency. However, the Credit Suisse economists maintain their target of 0.9700 for EUR/USD at the end of the third quarter. Positive evolution of the […]

French Minister of Energy: We have prepared for the Russian gas cut

French Minister of Energy: We have prepared for the Russian gas cut French Minister of Energy: We have prepared for the Russian gas cut

The French Energy Minister Agnès Pannier-Runacherdeclared on Wednesday that Russia is using the gas as a weapon of war “just as we had planned.” Featured Statements Russia is further reducing French supplies based on that assumption. France has been ready and prepared for such a scenario. The country is already reducing its exposure to Russian […]

EUR/USD: Risk remains to the downside, but bearish momentum begins to slow – UOB

EUR/USD: Risk remains to the downside, but bearish momentum begins to slow – UOB EUR/USD: Risk remains to the downside, but bearish momentum begins to slow – UOB

Currency strategist Quek Ser Leang of UOB Group’s Global Economics & Markets Research noted that a test of the main support at 0.9670 seems unlikely at the moment. 24 hour outlook: “On 6 Jul 2022 (when EUR/USD was trading at 1.0265), we highlighted in our chart update of the day that the break of critical […]