Posts Tagged ‘EUR/USD’

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What Pushes Euro and Pound Higher? — December 4th 2018

Currently, the results of the G20 summit are impacting on the euro. Also, the results of the meeting between Donald Trump and Xi Jinping are positive. Hence the euro has managed to find support. This has contributed to the bullish sentiment in EUR/USD pair. The EUR/USD pair is trading at 1.14. Italy's budget plan has also contributed to the rise in demand for the euro. The pound has found support from the comments of Mark Carney, the Bank of England President, […]

Recap of European Trades — November 26th 2018: GBP/USD and EUR/USD

The Brexit draft deal is waiting for the approval of the British Parliament. It looks unlikely at the moment that the Parliament will approve the deal. So, the growth of the pound is limited at the moment. The GBP/USD pair is trading at 1.2860. The EUR/USD pair is trading at 1.1380. As Italy announced plans to revise the plan for budget, it gave support for the euro. However, the rise of the pair is limited by the IFO business climate data from Germany. Investors […]

How Europe Trades — November 22nd 2018: EUR/USD and GBP/USD

Today, the US is celebrating the Thanksgiving Day. This has caused a bullish sentiment on the EUR/USD pair. The EUR/USD pair is trading at around 1.1420. The ECB is expected to maintain a hawkish tone on its monetary policy. It is expected that the ECB could reduce its quantitative easing program in the near future. There exists a standoff between the Italy and the EU in terms of budget crisis. While Theresa May has submitted […]

Early North American Trade — November 20th 2018: EUR/USD

The EUR/USD pair is trading at 1.1420. The euro has found support due to the dovish stance of the Federal Reserve in terms of its monetary policy. The budget issues in Italy did not impact the euro much. The US dollar index is trading at 96.20. Investors await a report on durable goods orders. The escalating trade tensions between the United States and China is having a significant impact on the markets at the moment. Investors are awaiting the tariffs […]

Early North American Trade — November 19th 2018: EUR/USD and Bitcoin

The EUR/USD pair is trading at 1.1420. The euro is showing signs of strength, as the trading week has started. The escalating trade tensions between the US and China is having a significant impact on the greenback. There is a monetary policy meeting scheduled by the Fed this week. Also, the investors are looking forward to hear about the outcome of the G20 summit. The US dollar index is trading at 96.40. The cryptocurrency market has taken a downward […]

Recap of European Trades — November 13th 2018: EUR/USD and GBP/USD

The greenback found support during the European session. The EUR/UD pair is trading at 1.1250. The budget situation in Italy is having a negative sentiment on the euro. Also, the report released from the ZEW institute showed a negative reading for the eurozone. The macroeconomic data from the United Kingdom do not look positive for the pound. The GBP/USD pair is trading at 1.2950. The pair is influenced by all the uncertainties regarding the Brexit situation in the UK. Hence, traders […]

Recap of European Trades — November 7th 2018: EUR/USD and GBP/USD

The euro has managed to gain from the outcome of the mid-term US elections. It is now testing the highs. The EUR/USD pair is trading at 1.15. The retail sales report released by the agency, Eurostat is not contributing positively for the euro. So, the rise of the euro is due to the weakness in the greenback. The British pound is managing to hold onto its gains. This is due to the partial Brexit deal achieved between the UK and the EU. […]

Recap of European Trades: EUR/USD and GBP/USD

The week has opened with the mixed trading sentiment. The pound is looking bullish today. The PMI data released was positive. The GBP/USD pair is trading at around 1.30. As a deal was reached regarding the Brexit, the pound found support in the market. This positive sentiment for the pound could remain for a while. Traders who are interested in looking at the economic calendar may not find any major releases today. The EUR/USD pair […]

Recap of European Trades — November 1st 2018: GBP/USD and EUR/USD

The pound is influenced by the headlines related to a Brexit deal today. It looks like the European Union and the United Kingdom are agreeing to a deal related to Britain leaving the European Union. The GBP/USD pair is trading at 1.29. The Manufacturing PMI data released is causing a bearish sentiment on the pair. There is a monetary policy meeting scheduled by the Bank of England and the outcome of this meeting will throw light on the rate hike in the near future. […]

Recap of European Trades — October 31st 2018: EUR/USD and GBP/USD

The European currencies are bearish at the moment and this is due to the investor confidence in the eurozone. The EUR/USD pair is trading at 1.1340. Any economic reforms by the ECB looks unlikely at the moment. The bearish sentiment is also caused by the speech of the ECB President, Mario Draghi. Though the macroeconomic data released looks positive, especially the inflation report, this has not changed much the bearish sentiment influencing the EUR/USD pair. There is a monetary […]