European economic powerhouse Germany started the second half of this year on a weak note, as the country’s exports outside the European Union (EU) fell by 7.6% in the month of Julythe Federal Statistical Office reported on Monday. Highlights (via Reuters) “The United States remained the most important trading partner for German exporters in July, […]
Tag: EURUSD
EUR/USD: Further declines ahead – UOB
UOB Group currency strategists Lee Sue Ann and Quek Ser Leang noted that the EUR/USD it still risks going further down, with the initial target at the parity level. 24 hour outlook: “The euro fell 0.54% and closed at a 5-week low at 1.0034 last Friday. Although clearly oversold, the weakness of the euro has […]
EUR/USD lower on USD firmness and risk aversion momentum
EUR/USD is preparing to end the week with heavy losses above 2%. Fed officials insist that this is not the time to declare “victory” while adding that further rate hikes are coming. Schnabel and Kazaks of the ECB expect another rate hike in September. The EUR/USD falls for the second day in a row on […]
EUR/USD Price Analysis: A drop to parity appears on the horizon
EUR/USD extends decline to 1.0050/45 band. The next thing to the downside looks like a potential test of the parity zone. The EUR/USD adds to the recent weakness and extends the break of the 1.0100 level at the end of the week. In the short-term horizon, new losses appear, as well as a probable visit […]
EUR/USD Slumps to Five-Week Lows, Targets Parity
The dollar gains momentum and rises on all fronts. EUR/USD continues to approach parity, looks vulnerable. European stock markets and Wall Street futures in the red. EUR/USD extended the decline below 1.0100 and posted fresh five-week lows at 1.0051 on renewed dollar strength. The pair remains under pressure, in the low zone, getting closer to […]
EUR/USD: Bears keep pressure around 1.0070/80
EUR/USD is struggling for direction in the 1.0070/80 band. The dollar advances to new all-time highs near 107.70. German producer prices surprised to the upside in July. The EUR/USD remains under heavy downward pressure after the sharp decline that extended from yesterday’s American session to today’s Asian session. The pair has touched 5-week lows at […]
Forex Today – Asian Session: Dollar soars on hopes US can avoid recession despite aggressive Fed
What to watch for on Friday, August 19: The USD strengthened during US trading hours, rising across the currency board. Market traders appreciated a number of encouraging US macroeconomic figures that suggest the economy has a good chance of skipping recession, even though it is technically in the process of doing so. Investors have changed […]
EUR/USD hits 3-week lows and tests critical 1.0100 zone amid stronger USD
The dollar rises across the board during the American session. EUR/USD is under pressure, testing critical support. The break below 1.0100 could trigger a parity test. The EUR/USD fell sharply during the American session and reached a low of 1.0107, the lowest level since July 27. It remains near the lows, pressured by a stronger […]
EUR/USD Price Analysis: A test of 1.0100 and below is still on the cards
EUR/USD reverses some of the recent gains and revisits 1.0130. An immediate fall would send the pair to the weekly low of 1.0096. The EUR/USD resumes the downward path and revisits the 1.0130/25 area after two consecutive daily advances. Further losses should find the next support at the weekly low of 1.0096 (July 27). Should […]
EUR/USD remains sideways below 1.0200
The dollar with mixed results on Thursday after Fed minutes. The euro adds to the general consolidation. EUR/USD between 1.0140 and 1.0200. EUR/USD is trading flat from Wednesday’s close. Since the American session on Tuesday, the pair has been trading sideways between 1.0140 and 1.0200. The financial markets on Thursday do not present significant variations, […]
