PMI data surprises negatively and weighs on the dollar. EUR/USD accelerates to the upside and climbs to 1.0019. Stocks on Wall Street rise after the report. The dollar tumbled after August’s preliminary PMI report, propelling EUR/USD back above parity. The pair climbed to 1.0019, marking a new high for the day, and recovering in this […]
Tag: EURUSD
EUR/USD Price Analysis: Deeper pullback could see 0.9859 zone retested
EUR/USD marks new cycle lows in the 0.9900 area. Further losses could test the December 2002 low near 0.9860. The EUR/USD accelerates daily losses and briefly breaks below the 0.9900 level, or new cycle lows. For now, further weakness is anticipated. Conversely, the break of the 2022 low at 0.9899 (Aug 23) should leave the […]
EUR/USD slumps to 0.9900, new low in two decades, but reacts slightly higher after German PMI
The fall of EUR/USD continues this Tuesday awaiting the important PMI data for manufacturing and services that are published in the Eurozone and the United States, and that may be decisive for the direction of the pair. The euro has lost 50 pips since the Asian session, falling in the early hours of the European […]
Forex Today: Dollar Buying Continues as Attention Turns to PMI Surveys
This is what you need to know to trade today tuesday august 23: The Dollar Index (DXY) supported the previous week’s gains and rose above 109.00 on Monday. The greenback is approaching the multi-year highs it set at 109.29 in July today, with the dollar remaining strong on safe-haven flows. US stock index futures are […]
EUR/USD should settle below parity for now – Commerzbank
Purchasing managers’ indices are released on Tuesday (PMI) of various European countries and the eurozone as a whole. If the data is located below 50 expansion signalwould another reason to take the EUR/USD pair below parityreport economists from Commerzbank. Things could start to get tough for the euro now “If PMIs reinforce recession fears by […]
Forex Today – Asian Session: The dollar runs and the euro sinks
What to watch for on Tuesday, August 23: Risk aversion gripped financial markets at the start of the week, amid recession fears reaching European shores. Gas prices soared across the region to new all-time highs as Russia announced unscheduled maintenance on the Nord Stream 1 pipeline, announcing that it will shut it down for three […]
EUR/USD Price Analysis: Further Weakness Expected
EUR/USD extends the fall below the parity zone. A deeper pullback could see the 2022 lows at 0.9950 retested. The EUR/USD It breaks below the parity zone and marks new 6-week lows at the start of the week. At the moment, it seems that there will be more losses. Conversely, the pair could face the […]
EUR/USD falls to five and a half week lows around 0.9985/90
The EUR/USD The fourth week of August has started under strong downward pressure, just as the previous one ended. Since the start of Monday, the pair has lost more than 55 pips, falling in the early hours of the European session to its lowest price in five and a half weeks, 0.9989. The strength of […]
EUR/USD poised to retest July low at 0.9950 – ING
EUR/USD is struggling to recover after last week’s sharp drop. The pair is still very pressured and could sink below par at any timeanalysts report ENG. Portfolio adjustments by Asian central banks could be added to the sell-off “Asian currencies remain under heavy pressure and will prompt intervention to sell dollars to support local currencies. […]
EUR/USD could drop below 0.98 by the end of the year – Commerzbank
“Disconnection”. On the one hand, the market expects the Federal Reserve to lower its key rate significantly again in 2023, while the Fed itself assumes that it will have to keep its rates quite high for some time to successfully fight inflation. And she seems willing to do it too. The Commerzbank economists expect the […]
