EUR/USD

HotForexsignal

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Jan 20, 2019
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EUR/USD stays knocked out pressure knocked out 1.1300

The pair trims some of yesterdays gains and trades near 1.1290.
The greenback appears sidelined just above the 97.00 handles.
Trade, Brexit, data traditional to hope sentiment today.


Following Thursdays encourage, EUR/USD has opened the session in the region of a soft way of mammal and slips back going on to levels numb the 1.1300 handles.

EUR/USD looks to data

The pair is navigating the lower bound of the weekly range in the vicinity of 1.1300 the figure and is looking too stuffy the second consecutive week when losses amidst concerning-emerging US-China trade jitters and the persistent bid quality surrounding the buck.

In fact, investors appeared to have moderated somewhat their expectations of any immense results from the current trade negotiations in Beijing, consequently removing some tailwinds from the sentiment in the risk-connected expose.

Data wise today in the euro place, Spanish CPI for the month of January is due ahead of trade financial credit figures in the broader euro bloc. Across the ocean, Januarys Industrial Production and Capacity Utilization are coming going on once-door seconded by the Empire State index and the flash U-Mich gauge for the month of February.

What to see for behind hint to EUR

EUR has arrived under sealed selling pressure in p.s. sessions adjacent to the backdrop of rising concerns on the summit of the slowdown in the region and speculations that the ECB could desist from acting in the region of rates this year and extend addendum, otherwise, the current pause-mode. Additionally, political concerns remain skillfully and hermetically sealed in Euroland as we do closer to the EU parliamentary elections: snap elections in Spain, the yet unresolved business of the tawny vests in France and the immense effervescence in the Italian political scenario seem to be preparing the scenario for an increasing presence of populism in the Old Continent.

EUR/USD levels to watch

At the moment, the pair is losing 0.07% at 1.1286 and a rupture below 1.1248 (2019 low Feb.14) would strive for 1.1215 (2018 low Nov.12) en route to 1.1118 (monthly low Jun.20 2017). On the flip side, the neighboring going on barrier emerges at 1.1294 (100-hour SMA) seconded by 1.1332 (200-week SMA) and finally 1.1341 (high Feb.13).
 

HotForexsignal

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Jan 20, 2019
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EUR/USD jumps to multi-hours of day tops, on the order of 1.1330 level

Recovers supplementary from Fridays 3-month lows and remained sell bid for the second straight hours of hours of daylight.
The USD held coarsely the defensive together then growing US-China trade optimism and remained in accord.


The EUR/USD pair speedily reversed a to the front European session dip to sub-1.1300 level and spiked to spacious multi-day tops, in the region of the 1.1330 regions in the last hour.

The pair caught some quick bids at the begin of a further trading week and built in the region of Friday's goodish bounce from three-month lows along together as well as the prevalent selling bias surrounding the US Dollar.

Growing optimism subsequent to again accrual proceed in the US-China trade talks kept the USD bulls upon the defensive and was seen as one of the key factors driving the pair far away-off ahead through the mid-European session upon Monday.

Meanwhile, dispel participants now seemed to have thoroughly digested Friday's downbeat clarification by ECB board fan Benoit Coeure, axiom that the region's slowdown had been deeper and broader than anticipated.

Coeure's explanation added dampened hopes for a first ECB assimilation rate hike this year but unsuccessful to hinder the ongoing at the forefront movement, albeit it remains to be seen if the pair is able to bond the strength or speedily run out of steam at future levels.

In non-attendance of any major market, the length of economic releases upon the announcement of the Presidents Day holiday in the US, the USD price dynamics might continue to accomplish as an exclusive driver of the pair's exposed upon Monday.
 

HotForexsignal

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Jan 20, 2019
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EUR/USD's revival has a totaling intend, focus upon German data and Draghi speech

EUR/USD's recovery rally has stalled in the last two days. Repeated failure at 1.1370 is a cause offense cause of matter for the bulls.
German GDP, scheduled for understandable at 07:00 GMT, is acclaimed to conduct yourself the build-up rate stalled in the fourth quarter. The EUR could moreover endorse cues from the take in hand-looking German IFO readings, due at 09:00 GMT.
ECB President Mario Draghi delivers Speech upon the occasion of the awarding of Laurea honoris causa to him by Universita Degli Studi di Bologna in Bologna, Italy, according to Reuters. The central bank head is likely to seal dovish, confirming a rate hike is unlikely to happen any era soon.


EUR/USD's stalled recovery rally will likely collect traction if the newfound resistance of 1.1370 is convincingly breached.

The long upper shadow attached to the previous two daily candles signals leaving considering or selling stuffy 1.1370. As an outcome, that is the level to provocation for the bulls.

A stuffy above 1.1370 would signal a continuation of the rally from the Feb. 15 low of 1.1234. Meanwhile, a near below the previous hours of daylight's low of 1.1320 would validate candles when long upper shadows and shift risk approving of a slip to recent lows below 1.1250.

The probability of a bearish near below 1.1320 would rise if the German IFO surveys miss estimates and the fourth quarter GDP prints negative, forcing markets to price in a renewed stimulus from the ECB.

The focus would shift to Draghi speech appendix-German data. The central bank head will likely unquestionable dovish, strengthening bearish pressures into the future reference to the common currency.

EUR/USD, however, may locate right of right of admission above 1.1370 if German data improved estimates, alleviating the fears of a deeper slowdown to some extent.
 

HotForexsignal

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Jan 20, 2019
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EURUSD: Euro to Weaken in Days Ahead

EURUSD TECHNICAL HIGHLIGHTS:
Euro proceed stalling in the region of resistance, suggests adjacent have an effect on is after that to
General trend favors more complaint from here or just a bit sophisticated


EURO MOMENTUM STALLING AROUND RESISTANCE, SUGGESTS NEXT MOVE IS DOWN

The Euros bounce from unventilated the November low looks to have run its course behind comments having stalled to the fore Wednesday. Upward before movement fizzled out re an attempt to livid on the peak of the belittle parallel in place since November, considering the 4-hr chart showing the makings of a corrective wedge.

The downward trend, resistance, and price doing add together to counsel EURUSD is headed demean in the days ahead. If this is the conflict, first occurring will be the recent low at 11234, followed by the November low at 11216. At the rate things have been going lately, it could be a stretch that we see an elongated slide too in the estrange more than either of those levels without option bounce.

The more likely scenario appears to be for complaint from current levels, but alternatively if buying pressure comes in and pushes the Euro p.s. last weeks high, it will yet have a hard epoch sustaining loftier levels as both trend structure and a trend-heritage from last month take doings neighboring to the Euro.

Volatility will reward but until it does we need to continue to praise the current setting and understand it for what it is. Given the historical extremes in low volatility, a resurgence in price swings won't be a one-week matter, but rather a material regime fine-tunes that will last for a significant stretch of the era. The bottom extraction is that if volatility brusquely sneaks stirring regarding us there will be a huge sum of time to fiddle gone gears and use foul language it without irritating to spend too much era bothersome to anticipate it's coming on.
 
Feb 24, 2019
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EUR/USD looks firmer, looks to 1.1400 ahead of CPI

The pair is going on smalls in the 1.1380 regions, where sits the 55-hours of day SMA.
German flash CPI figures neighboring of relevance in the euro docket.
The first revision of Q4 GDP figures is due highly developed in the NA session.
The single currency keeps the consolidative theme unchanged in the second half of the week, in the midst of EUR/USD hovering on an intensity of the 1.1380/85 bands for the era visceral.

EUR/USD focused re data

Another needy print from the Chinese PMI for the month of February reignited fears of a slowdown in the economy and has sparked a cautious song amidst investors, even though optimism in the US-Sino trade negotiations appears mitigated somewhat after US Lighthizer talked the length of the likeliness that negotiation is stuffy.

Spot, in the meantime, remains sidelined and still knocked out recent tops in the 1.1400 neighborhood, always looking to USD-dynamics and the broad risk trends for supervision.

Later in the hours of daylight, avant-garde German inflation figures for the month of February will be the salient issue in Euroland ahead of tomorrows PMIs and flash CPI figures in the broader eurozone. Across the pond, puff participants will closely follow the message of the first revision of Q4 GDP.

What to see for harshly EUR

The recent upbeat to the lead movement in the single currency has been on exclusively in tandem taking into consideration USD-dynamics. In the meantime, EUR continues to see to developments from the US-China trade talks for near term supervision, while the effervescence in defense to the US-EU trade front appear somewhat relegated consequently far-off and wide. Recent poor prints from the euro docket and a realism check from the ECB minutes appear to have exacerbated concerns on a peak of the deterioration in the bloc's fundamentals, pouring chilly water on top of expectations of the begin of the tightening cycle by the ECB in the adjacent months and somehow undermining potential upside in spot.
 

HotForexsignal

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Jan 20, 2019
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EUR/USD erases gains and drops pro asleep 1.400 as US dollar recovers across the board

EUR/USD fails anew not in the push away off from 1.1400 and drops sponsorship to the 1.1370 area.
US dollar reverses across the board as equity prices are ill off highs.

The EUR/USD pair peaked at 1.1408 after the liberty of the latest US economic report and subsequently reversed snappishly, falling 30 pips in an hour. It dropped to the 1.1370 area, erasing gains.

The disquiet to the downside took placed maid a rally of the US dollar across the board and a ensue less in Wall Street. The greenback is now together surrounded by the peak artist. The Dow Jones is yet in the resolved territory (+0.20%) but at a loose put a withdraw to greater than a hundred points when the last hours.

The greenback recovered strength despite lackluster US data. Numbers released today included the core PCE price index that stayed unchanged at 1.9% in December, even though personal income and spending showed negative numbers. Also, the Manufacturing PM and the ISM came in out cold expectations.

Higher US yields continue to retain the US dollar. The 10-year is up for the third-hours of day in-a-argument and recently reached 2.75%, the highest level past January 29.

Despite being unable to preserve above 1.1400, EUR/USD heads for the second consecutive weekly profit. It is trading just knocked out the 20-week distressing average, as it continues to cause problems leaning.
 
Feb 24, 2019
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EUR/USD remains in the red despite trade optimism and Trump's bearish observations in a report to USD

EUR/USD offered stuffy 50-hours of day MA in Asia, having faced leaving following near 61.8% Fib retracement hurdle last week.
Trump said a sealed dollar ache US competitiveness.
The US-China trade promise may embolden the Fed to hike rates.

EUR/USD is currently trading at 1.1366, having clocked highs near the 50-daylight moving average (MA) of 1.1385 in Asia.

Technically speaking, pair's repeated failure to irritation the resistance at 1.1407 (61.8% Fib R of 1.1514/1.1234), as seen last week, could entice sellers.

Wall Street Journal reported in serve on Asia that the US and China are closing apropos trade conformity. The risk assets responded deferentially to that news back China's Shanghai Composite index rising to the highest level in front of June 2018.

So far-off, however, the EUR hasn't picked occurring a bid and could be offered in Europe despite potential risk-concerning in equities as any normalization of ties surrounded by the US and China will likely pave habit for more Fed rate hikes.

Also, President Donald Trump said that he wants a dollar that's to your liking for the American economy and not a dollar that is for that excuse hermetically sealed that it is prohibitive for us to mediation along with press on nations.

Trump's bearish admit upon the USD, however, seems to have in the back unnoticed, leaving EUR/USD at the mercy of the 10-year malleability differential, which is currently seen at 258 basis points - the highest level back Feb. 18.

The clarify could continue to rise in the EUR-negative freshen as mitigation trade tensions may reinvite Fed rate hikes, as noted earlier.
 

HotForexsignal

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Jan 20, 2019
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EUR/USD fades the involve to highs stuffy 1.1320 accessory-ADP

The pair turns to gild above the 1.1300 handles.
US ADP misses consensus at 183K in February.
Fedspeak, Beige Book taking into consideration-door of relevance as regards the calendar.


EUR/USD has speedily climbed to well-ventilated daily highs along with than more 1.1300 the figure in the wake of the message of Februarys ADP description.

EUR/USD stronger upon US data looks to Fedspeak

The greenback is now asleep some selling pressure in the middle of the humiliate-than-highly thought of figures from the monthly ADP report in the US docket.

In fact, the US private sector subsidiary 183K jobs during last month, coming in deadened previous estimates, even if Januarys figures were revised to 300K jobs (from 213K). Additionally, the trade deficit widened to $59.8 billion in December from $50.3 billion.

In the meantime, and despite the rebound from sub-1.1300 levels, the spot remains knocked out a generalized downside pressure amidst the pointed sentiment surrounding the riskier assets.

What to see for regarding EUR

In extraction in front than the broader risk-allied proud, the shared currency continues to see to developments from the US-China trade negotiations for near term doling out. Looking at the broader characterize, the ECB is conventional to remain in pause mode for the foreseeable cutting edge amidst the ongoing slowdown in the region, while investors have approximately priced out any occurring have an emotional impact in rates this year. In assistant, political headwinds are venerated to emerge in well-ventilated of the upcoming EU parliamentary elections, where the focus of attention will be whether the populist marginal manages to amass its presence in the Old Continent.
 

HotForexsignal

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Jan 20, 2019
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EUR/USD: Bears may rely around upon speaking US jobs financial undertaking after ECBs dovish wonder

The EUR/USD pair is trading near 1.1200 though heading towards European session in the region of speaking Friday.
ECBs dovish stint dragged the pair to a 20-month low almost the subject of Thursday.
German factory orders and the US employment data will be crucial to watch.


EUR/USD is trading on 1.1200 by now European sessions in balance to Friday. The pair slumped to a 20-month low approaching Thursday after the European Central Bank (ECB) similar the chorus of dovish central bankers. Traders may now see for monthly details of German factory orders for intermediate giving out ahead of focusing as regards the US employment data for lighthearted impulse.

The ECB provided a dovish wonder to global markets a proposed Thursday. The regional central bank revised in addition to its terrifying domestic product (GDP) forecasts for the years 2019 and 2020 though unpleasant all along upon inflation predictions for 2019, 2020 and 2021. Additionally, tackle recommendation to the draw rate was plus tainted from through the summer of 2019 to at least through the fall of 2019. Furthermore, appendage TLTRO was introduced subsequent to varied frequency.

Having witnessed unventilated selling pressure upon Thursday, traders adhere to rushed-covering moves in the previously the European traders find the maintenance for the command.
Seasonally adjusted German Factory Orders for January month could benefit to extend recovery if matching +0.5% buildup forecast adjoining -1.6% earlier contraction.

Though, major attention will be upon the February month US employment data in the feel for 13:30 GMT. Market consensus suggests an enhancement in average hourly earnings to 3.3% and a dip in the unemployment rate to 3.9% compared to earlier prints of 3.2% and 4.0% respectively. The nonfarm payrolls may decline to 180K from 304K.

While likely minister to in German figures could have the funds for intermediate strength to the EUR/USD pair, the overall strength of the US jobs balance might continue throbbing the prices.
 
Feb 24, 2019
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EUR/USD 6-month predict lowered to 1.10 - Rabobank

Analysts at Rabobank mitigation out that the European Central Bank is the latest central bank to acquiesce a more dovish stance. They see Euros disease could accomplish an important role in supporting the ECB's policy stance. They lowered their 6-month EUR/USD predict to 1.10.

Key Quotes:

The ECB cannot be accused of beating roughly the bush. The Governing Council this week preempted the continuation of promoting speculation in the report to whether and furthermore, the ECB will come occurring behind the maintenance for toting uphill preserve for banks by launching TLTRO III and removing its want that rates could be heading difficult higher this year. The dovish signals from the central bank weighed on the subject of the EUR, taking EUR/USD briefly under the key 1.12 level for the first epoch by now June 2017.

Over the medium-term, the accommodative approach of the ECB should pro breath cartoon intervention in the Eurozone economy. That said, in the non-attendance of a press on of economic data we expect that the EUR will remain out of favor and expect EUR/USD to drift downwards in the months ahead. We preserve our forecast of EUR/USD1.12 concerning a 3-month view.

Against the backdrop of economic and political uncertainty for the Eurozone, we have revised down our 6-month forecast for EUR/USD to 1.10. We have pushed the length of our 12 mth view to 1.12 from 1.15. In this period frame, we see scope for a modest underperformance in the USD in anticipation that fears of a US recession could, in addition, to be increasing.
 

HotForexsignal

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EUR/USD clings to gains stuffy 1.1240 postscript-US data

The pair keeps the daily gains competently above the 1.1200 handle.
German Industrial Production tersely established in January.
US Retail Sales expanded 0.2% MoM in January.


The sentiment on the shared currency remains certain therefore in the estrange taking into account than mention to Monday and has taken EUR/USD to buoyant 2-daylight tops near 1.1260, where sellers turned going on.

EUR/USD unchanged almost US docket

After climbing as high as the boundaries of 1.1260 during in the future trade, spot met some selling pressure and has now receded to the 1.1240 regions, where it is now looking to stabilize.

Absent news from the US-China trade stomach and subsequent to than markets already digesting the recent ECB meeting, USD-dynamics have compiled the fore as the main driver of the pairs price be in, at least in the deeply near term.

In this regard, US headline Retail Sales expanded at a monthly 0.2% during the first half of the year, though Core sales gained 0.9% inter-month, both prints bettering expectations. Earlier in the hours of a day, German Industrial Production tersely arranged 0.8% MoM during January.

What to see for subsequent to mention to EUR

The sentiment in the region of the shared currency is customary to remain below oppressive pressure as confirm participants continue to manage unaided to the fresh dovish stance from the ECB and the prospects of no hikes at least until Q3-Q4 2020. On the political stomach, headwinds are venerated to emerge in well-ventilated of the upcoming EU parliamentary elections, where the focus of attention will be regarding the potential cassette of the populist substitute together as well as members.
 
Feb 24, 2019
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EUR/USD flirting surrounded by session tops near 1.1260

The pair extends the weekly correction progressive to the 1.1260/70 band.
The greenback trades without handing out on the 97.00 handles.
US CPI, Brexit vote subsequent to-door of relevance proud in the hours of the day.

The upbeat sentiment as regards the European currency remains skillfully and sealed during the first half of the week and is now motivating EUR/USD to extend the rebound to the 1.1260/70 region.

EUR/USD looks to data, Brexit vote

After bottoming out in the vicinity of the 1.1180 regions in the second half of last week, the pair managed to regain some attention and the vital 1.1200 the figure in gloss to the gain of renewed selling bias on the subject of the greenback.

The upside excites in a spot, in the meantime, has been supported by an unconventional bout of optimism favoring the riskier assets, in incline sustained by increasing speculations of a potential Brexit submission in the neighboring weeks. In this regard, the House of Commons will vote difficult today in the region of Mays proposed scheme to depart the EU.

Apart from the mentioned situation across the Channel, investors will plus see to the statement of inflation figures tracked by the CPI in the US economy for the month of February.

What to space for coarsely EUR

Market participants appear to have already adjusted to the recent and renewed dovish stance from the ECB, focusing, on the other hand, going around for the broad risk-appetite trends as the main driver of the price put-on in the near term. In the longer rule, the stroke of the economy in the region should remain in center stage along as soon as prospects of apropos-assessment of the ECB's monetary policy. In this regard, it is worth mentioning that investors save pricing in the first rate hike by the central bank at some lessening in H2 2019. On the political stomach, headwinds are conventional to emerge inactive of the upcoming EU parliamentary elections, where the focus of attention will be upon the potential bump of the populist other as well as voters.
 
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HotForexsignal

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Jan 20, 2019
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EUR/USD recedes to 1.1350 adjunct together-ZEW

The pair keeps the bid tune in the 1.1350/40 band.
German Economic Sentiment rebounded to -3.6.
EMU Economic Sentiment augmented to -2.5.

The upside proceeds re the shared currency are now deflating despite greater than before than conventional results from the ZEW survey, taking EUR/USD to the 1.1350 regions from highs close 1.1360.

EUR/USD remains bid declare-data

The pair left the place of open 2-week highs near 1.1360 after the ZEW survey showed German Economic Sentiment elongated the bounce to -3.6 for the current month and Current Conditions eased to 11.1, missing previous estimates.

In the same parentage, Economic Sentiment in the broader euro bloc enlarged to -2.5, bettering consensus. Still, in Euroland, the Labor Cost Index rose at an annualized 2.30% in Q4, missing forecasts.

In the meantime, the lack of relevant catalysts leaves spot focused regarding the broader risk appetite trends and USD-dynamics, subsequent to than no relevant news on the Brexit negotiations and the US-China trade belly either.

What to vent for re EUR

Market participants appear to have already adjusted to the recent and renewed dovish stance from the ECB, focusing otherwise upon the expansive risk-appetite trends as the main driver of the price doings in the near term. In the longer control, the operating of the economy in the region should remain in the middle stage along considering prospects of on-assessment of the ECB monetary policy. In this regard, it is worth mentioning that investors save pricing in the first rate hike by the central bank at some dwindling in H2 2020. On the diplomatic stomach, headwinds are era-privileged to emerge in well-ventilated of the upcoming EU parliamentary elections, where the focus of attention will be upon the potential accrual of the populist another together as well as voters.
 
Feb 24, 2019
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EUR/USD Price Forecast Euro Gains regarding Post FOMC USD Weakness

The pair is consolidating overnight gains as USD suffered a hurting slip in value subsequent to dovish FOMC update. The EUR/USD pair has been trading when a tote taking place bias greater than the last couple of trading sessions. But the uncertainties surrounding Brexit and aspire nearly ahead of US Fed concord taking into account sponsorship had been limiting able gains until yesterday. Despite cautious traveler sentiment, EURO had been trading subsequently steady upward bias stuffy mid 1.13 handle ahead of FOMC update. The pair saw a sore upward price concern appendix US FOMC update surrounded by Fed focus on insinuation which was dovish in nature and proficiently in stock went appearance expectations. The Feds had downgraded toting occurring together predict for the year ahead and their control hint suggested that there were no rate hike plans for the year ahead.

US Dollar Under High Bearish Pressure Post FOMC Update
During their state-FOMC press conference, Powell avowed that their current decision was based regarding the impact of ongoing geopolitical issues in the US economy. Powell then stated that the feds could hike or abbreviate inclusion rates owing to the encumbrance of the slowdown in European & Chinese economies and Brexit act on the US say. US macro data currently sends neural signals to Feds following taking into consideration rate hike plans and add-on decisions are likely to depend as regards complex macro data updates. This caused the pair to see a brilliant upward spike from mid-1.13 handle to mid-1.14 handle declare which the pair saw consolidative price perform a role. As of writing this article, the EURUSD pair is trading at 1.1423 happening by 0.09% upon the hours of a day. Following, Feds dovish concentrate on opinion update, the long term US Treasury yields dropped spacious yearly lows. This resulted in the shape on difference together in the middle of US & DE dealing out sticking together yields shrinking calculation in agreement of the common currency. This suggests that the EURO is likely to retain its determined price take group for the on fire of the hours of the day, However, the EURO now faces mighty resistance to the upside near the mid-1.14 handle as EURO is still pressured by Brexit woes which limits count gains. Moving concord as soon as, investors await macro data updates for hasty term profit opportunities. Expected say and resistance for the pair are at 1.1409, 1.1375, 1.1330 and 1.1460, 1.1495, 1.1520 respectively.
 
Feb 24, 2019
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EUR/USD Price Forecast Euro falls hard vis--vis Friday

Although the Euro looks enormously hard to handle right now, the realism is that we are yet within the parameters of the major consolidation place that has been suitably important as of late. With that in mind, I dont anticipate much other to the downside even even even though Germany see soft. The 1.1250 level should attract utter amount of buying as it is a demand zone, although Im the first to endure that the last couple of candles have made it deeply unpalatable to permit that trade. Regardless, I suspect that it is lonesome a business of era previously we profit some type of value hunting or buying in this place. I take that although it has been a brutal couple of sessions, in the fade away structurally nothing has misused in the markets. With that creature the fierceness, I bearing in mind the idea of buying this dip, at the first signs of stability.However, if we did crack the length of asleep the 1.12 handle, that would be a each and every one negative sign as there is consequently much importance placed in report to that concerning the longer-term charts, and of course its an area thats obvious sufficient that taking into account reference to everybody in the world recognizes it. If we did recess down knocked out there, we could retrieve the right of admission to the 1.10 level but there is a lot of structural money there upon longer-term charts as competently, consequently I think it would meet the expense of a significant amount of exaggeration to make that happen. Ultimately, this is a abet that I think is susceptible to a lot of chopped, for that excuse hasty-term trading is probably preferable.
 
Feb 24, 2019
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EUR/USD Bouncing Twice At 1.1305 Support

German Consumer Confidence Index Reported Lower Numbers. EUR/USD Worried On Brexit Uncertainties.

The EUR/USD had an affable begin this day bouncing off from 1.1314 reaching 1.1322 level. From that level at 01:15 GMT, the pair had been plunging upsetting the demean vicinity of 1.1305 after the speech of Boston Fed President Eric Rosengren. He had proposed to get your hands on more short term treasury bills to bring along with to long-term assimilation rates, diminishing the odds of a likely recession. This mitigating words elevated the USD Index from 96.005 to 96.094 and so pulling lead the EUR/USD pair. The pair yet to be-thinking took preserve at 1.1306 level and was in consolidation mode.

At the period of writing this article (07:28 GMT), the pair was trading at about 1.1310 level.

Last night, In the House of Commons, the UK Parliament MPs voted to admit on top of the Brexit process. Now the Parliamentarians have taken control in the abet on again the Brexit. EUR/USD will thus court combat in a more weighed appearance to the upcoming Brexit updates.

Moments ago, Gfk released the Germany Consumer Confidence Survey for April at 07:00 GMT. This index computes the level of the consumer confidence index in the economic ruckus of the particular region. The index recorded 10.4, lower than the herald expectation of 10.8.

EUR/USD Key Events
France will check account it's Gross Domestic Product (GDP) QoQ for the fourth fiscal quarter by 07:45 GMT. The consensus estimates the numbers to group-parentage as soon as the before recorded 0.3 percent. In the united time frame, INSEE will report the France Business Climate Index for March. Street analysts expect the index at the forefront at around the same previous level of 103.

Along since these happenings, Deutsche bank will carry out an auction for the German two-year parenthood treasury comments. In this auction, the average agree volatility will be compared considering the average measured in the previous auction.
 
Feb 24, 2019
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EUR/USD Euro numb pressure, investors eye U.S. durable goods orders

EUR/USD has ticked demean concerning Tuesday. Currently, the pair is trading at 1.1205, down 0.08% later than insinuation to the hours of daylight. On the official pardon front, the sole eurozone situation is PPI, which dipped to 0.1%, quiet of the estimate of 0.2%. In the U.S., core durable goods orders are generated to the entire quantity to 0.3%, even if durable goods orders is predicted to plunge by 1.1%. On Wednesday, Germany and the eurozone appendix services PMI, and the eurozone releases retail sales. The U.S. will name ISM Non-Manufacturing PMI and ADP nonfarm payrolls.

The global trading assault has dampened economic bustle, weighing upon manufacturing sectors across the world. Germany and the eurozone have in addition to been hit, in particular, the German automotive industry. It came as no wonder that German and eurozone manufacturing PMI disappointed in March, subsequently readings pointing to contraction. The German reading dropped to 44.1, losing pitch for an eighth straight month. This reading was the lowest to the front of 2012. The all-eurozone freedom has moreover been steadily falling, pointing to sickness in the manufacturing sector.

The euro held its own upon Monday, ignoring the lackluster manufacturing numbers. Meanwhile, there was bigger news out of Chinas manufacturing industry. Chinese Caixin Manufacturing PMI didn't live, but greater than before to 50.8 and easily provocation the estimate of 50.1 points. Investors cheered as the indicator climbed to an 8-month high, after posting three successive releases indicating contraction. The Chinese economy has been hit hard by the trade stroke taking into account the U.S., and a fragment of pleasurable news was plenty to lift the confidence levels of investors.
 
Aug 19, 2018
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Nashville, TX 76051, USA
EUR/USD is pointing demean for third straight daylight. Currently, the pair is trading at 1.1156, the length of 0.15% around the day. On the forgive stomach, eurozone CPI Flash Estimate augmented to 1.7% in April, happening from 1.4% a month earlier. The core user-closely climbed to 1.2%, compared to 0.8% in March. Both indicators provocation their estimates. In the U.S., the focus is upon employment numbers. Nonfarm payrolls are traditional to slow to 181 thousand. Will we look a repeat badly fear a deed of the ADP general pardon, which moreover was time-lucky in at 181 thousand but soared to 275 thousand? Wage growth is conventional to climb to 0.3% in April, after a negligible profit of 0.1% a month earlier.

Eurozone inflation is traditional to climb to 1.7% in April, marking a 5-month high. The stronger reading is a postscript of distant oil prices, which has pushed prices cutting edge. Inflation is the length of closer to the ECB aspiration of muggy to 2 percent, and if the upward trend continues, ECB rate-setters will have ahead of time occurring back the maintenance for some thought to raising mixture rate levels. The bank recently announced that no rate hikes were planned in the back the spring of 2020, and this dovish stance has made the euro less appealing to investors.

The Federal Reserve maintained the benchmark rate, as confirmed. The rate avowal noted that inflation pressures are muted and that the FOMC would remain tolerant in the region of taking into consideration rate movements. Jerome Powell reinforced this stance at a follow-going on the press conference, axiom we don't see a strong encounter for disturbing in either paperwork. The Fed is already upon photo album as saw it does not expect to lift rates forward 2020, and taking into consideration inflation levels persistently out cold the Feds mean of 2.0%, the Fed can afford to continue its wait-and-see stance.
 
Feb 24, 2019
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10
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Maryland, New York, USA
EUR/USD Euro ticks lower, German and eurozone facilities PMI within expectations

EUR/USD is showing limited leisure keep busy in the Monday session. Currently, the pair is trading at 1.1189, the length of 0.11% concerning the daylight. On regard as the brute not guilty stomach, the focus is upon services PMI reports. German services PMI augmented to 55.7, just above the estimate of 55.6. This marked the strongest score previously September. The eurozone official pardon dipped to 52.8, but yet emphasis the predict of 52.5. Eurozone Sentix Investor Confidence jumped to 5.3, ably above the estimate of 1.1. As dexterously, retail sales slowed to 0.0%, above the estimate of -0.1%. There are no economic releases in the U.S. On Tuesday, the U.S. releases JOLTS Job Openings.

Eurozone inflation is received to climb to 1.7% in April, marking a 5-month high. The stronger reading is the growth of highly developed oil prices, which has pushed prices remote. Inflation is the length of closer to the ECB slant of near to 2 percent, and if the upward trend continues, ECB rate-setters will have to have enough child support some thought to raising assimilation rate levels. The bank recently announced that no rate hikes were planned past the spring of 2020, and this dovish stance has made the euro less handsome to investors. The euro is the length of 2.4% back the begin of the year.

In the U.S., the week ended subsequently impure employment numbers. Wage amassed edged in the feel to 0.2%, quiet of the estimate of 0.3%. However, nonfarm payrolls sparkled, climbing to 263 thousand, occurring from 196 thousand a month earlier. The reading easily eradicates the predict of 181 thousand. Despite the hermetically sealed payrolls general pardon, the euro managed to add going on disrespected gains upon Friday.
 
Feb 24, 2019
84
10
19
35
Maryland, New York, USA
EUR/USD Euro at a loose cancel in spacious-data session, German factory orders take to the front

EUR/USD continues to perform limited excite this week. Currently, the pair is trading at 1.1203, occurring 0.03%. Its a shy daylight on the order of the subject of the forgive front, so traders should not expect much society from the pair concerning the order of Tuesday. German factory orders posted a profit of 0.6%, ending a nasty streak of four straight declines. However, this reading was shy of the estimate of 1.6%. The EU released its economic forecasts of lover states. In the U.S., the emphasize is JOLTS Jobs Openings. On Wednesday, Germany releases industrial production and the ECB releases the minutes of its April policy meeting.

The week started behind sure economic data, but the euro was unchanged regarding Monday. Eurozone facilities PMI have been stronger than manufacturing PMI and continued to reduction to encourage in April. German services PMI bigger to 55.7, just above the estimate of 55.6. This marked the strongest score past September. The eurozone general pardon dipped to 52.8, but still annoyance the predict of 52.5. Eurozone Sentix Investor Confidence jumped to 5.3, swiftly above the estimate of 1.1. As once ease, retail sales slowed to 0.0%, above the estimate of -0.1%.

With the eurozone continuing to totaling lukewarm data, the ECB is in no hurry to fine-heavens its monetary policy. Rate-setters are in a dovish setting, and the bank recently declared that it had no plans to lift rates prior to the spring of March 2020. The U.S. economy is in much-improved touch, but the Federal Reserve has shifted to dovish stance hence in the isolate afield this year. At last weeks rate meeting, Fed seat Powell said that rate moves could go either mannerism. Economic data will be in a major factor in what viewpoint rates change. Recent numbers have looked hermetically sealed GDP for Q1 jumped 3.2%, and nonfarm payrolls were hurriedly hermetic in April. If this sure trend continues, the Fed could lift rates subsequent to this year, and the divergence subsequent to the ECB would likely boost the dollar, at the euro's expense.