German ZEW Economic Sentiment came in at -53.8 points in July, compared to -28.0 the previous month. Germany’s ZEW Current Situation Index stood at -45.8 in July, down from -27.6 previously. EUR/USD defends the 1.0000 level after negative data from Germany and the Eurozone. German ZEW headline figures for July showed the economic sentiment index […]
Tag: Sentiment
AUD/USD recovers from weekly lows, above 0.6835 on risk appetite
Australia’s trade balance surplus, Chinese stimulus and US dollar weakness fueled AUD/USD higher. US initial jobless claims rose more than expected, showing a moderation in the labor market. The Fed’s Waller and St. Louis Fed President Bullard will give remarks. AUD erases Wednesday’s losses and rises towards the 14 June low around 0.6850, but has […]
AUD/USD hovers around 0.6800 after US data.
AUD/USD is almost sideways for the day, but risks are skewed to the downside. Concern about a global economic recession prevails; USD rose to a 52-week high as DXY broke above 107,000. Analysts at Credit Suisse see the pair as likely to drop towards 0.6460 once it breaks above 0.6757. The AUD/USD rebounds from Tuesday’s […]
USD/CHF Price Analysis: Approaching the 50 DMA
The Swiss franc weakened against the dollar, despite safe-haven flows, down almost 1%. Sentiment and US dollar strength lift the pair as buyers weigh in, awaiting a breakout of the 50 DMA. USD/CHF double top remains in play but upside risks remain. The USD/CHF It advanced strongly for the third day in a row, breaking […]
USD/JPY remains firm around 135.70 despite dollar strength
USD/JPY is teetering in a 100 pip range on Tuesday, capped by a strong US dollar and falling US Treasury yields. Risk aversion increased the appetite for haven assets, with the greenback taking the lead. US Treasury yields fall more than 13 basis points and are back below 2.80%. The USD/JPY remains almost unchanged in […]
AUD/USD sinks below 0.6800 and retests 2-year low on risk aversion
AUD/USD fell over 100 pips during the day and tested the all-time low around 0.6763. The Reserve Bank of Australia (RBA) raised rates by 0.50%, but it was not enough to overcome the lack of confidence in the stagflation economic outlook, as AUD/USD fell. Tensions between the United States and China ease as US President […]
EUR/USD sinks to twenty-year lows around 1.0250 on USD strength
The shared currency is trading below 1.0300, accelerating towards the 1.0250 area. The EUR/USD pair plummeted to a fresh 20-year low at 1.0246 as the market assesses the chances of parity. The EU’s global services and composites PMIs slowed sharply, while natural gas became more expensive in the Eurozone. The EUR/USD slumps to new twenty-year […]
USD/CHF Price Analysis: Sellers struggle around 0.9545
The USD/CHF daily chart illustrates a double top formation, but strong buying pressure below 0.9540 has limited any downside move. The risk aversion drive bolstered appetite for the Swiss franc and weighed on the US dollar. USD/CHF 1 hour chart is sloping to the upside, but unless buyers reclaim 0.9600, the pair is vulnerable to […]
USD/JPY pulls back from weekly highs and falls below 136.00 on safe-haven flows
Risk aversion dominates the last day of June, driving the safe-haven pair. USD/JPY falls from 137.00 below 136.00, weighted by falling US Treasury yields. The US Federal Reserve’s favorite inflation gauge, core PCE, fell below the previous reading, indicating that the effects of the rate hike are beginning to be felt. The USD/JPY fell on […]
Eurozone: Consumer confidence matches estimates and falls to -23.6 in June, its lowest level since April 2020
The Final index of consumer confidence in the eurozone stood at -23.6 points in June compared to -21.1 previously recorded, according to the latest publication of data from the European Commission. The data confirmed the consensus forecast of -23.6. On the other hand, the bloc’s economic sentiment indicator for June fell to 104.0falling from 105.0 […]
