Posts Tagged ‘EUR/USD’

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EUR/USD Takes Nosedive

Today, the American dollar moved quite unpredictably. After forecasts of an unlikely sharp rise of the US dollar, buyers of the greenback, on the contrary, increased the number of deals. Now, the EUR/USD pair is moving down to a week low, trading near 1.1750. There are a number of reasons for the downward trend of the pair. First of all, it is time to pay attention to the eurozone inflation rate. According to final estimates from Eurostat, consumer prices rose […]

Euro Still Weak

Political instability in Europe is gaining new momentum. This weekend, Austria held the parliamentary election. The result was predictable, but the consequences turned out to be intriguing. Now the conservatives in the new parliament are forced to form a coalition with the far rights who are gaining popularity. Market participants still closely watch the issue of Catalonia's struggle for independence. Today, Spain's ultimatum runs out. Spain was waiting for Catalan […]

Euro Losing Grounds

Today, traders started to doubt whether to buy the euro. The EUR/USD pair is correcting its movement. The single European currency fell from 1.1850 and is trading near the level of 1.1830. The euro weakened after Mario Draghi's speech on Thursday. The ECB President noted that the quantitative easing program will continue until improvement of the inflation indicators. Consumer prices in the eurozone continue to remain below the target level. It means that […]

USD Struggles to Grow Against EUR During European Session

Today, the US dollar is losing its attractiveness. However, the trading sentiment still might change. Yesterday, market participants did not take into account the minutes of the FOMC meeting, despite the fact that it directly indicates that the Fed will raise the funds rate in December. Since officials are seriously concerned about inflation, investors turn their attention to data on producer prices. According to forecasts, producer prices […]

Will USD Buyers Return to Market?

Traders keep closing USD buy deals profitably. As a result, the US dollar index resumed its downward movement and returned to the levels near 93.00 hit at the end of the previous month. The demand for the greenback decreased as it seems the US President will hardly fulfill his pre-election promise of the tax cut reform. Heated argument between Donald Trump and one of the most influential senators, Bob Corker, concerned investors. Confrontation with Congress […]

Bulls Active During European Session

Today, the single European currency resumed its growth against the US dollar. The EUR/USD pair is getting closer to 1.1780 for a number of reasons. First of all, market participants pay attention to the speech of Member of Executive Board at ECB Sabine Lautenschläger. She noted the readiness of the bank to wind down the quantitative easing program next year. It could be a signal to a possible change in the monetary policy. Recently, the European economy is also […]

Bulls Advance During European Session

The euro is trading under the influence of the current geopolitical situation. This is evidenced by the movement of the EUR/USD pair on the market. The pair is trading near the level of 1.1740. The euro is correcting amid news from Spain. On Friday, the Spanish authorities apologized for police violence during the referendum in Catalonia. Meanwhile, Prime Minister of Spain, Mariano Rajoy offered to sit down at the negotiating table and discuss possible situations to the current situation. He still […]

USD Holding Higher Against European Counterparts

During the European session, the two main rivals of the US dollar are heading towards 2-month lows. First of all, it is recommended to pay attention to the EUR/USD pair. The euro moved lower after the recent growth. The pair is trading at 1.1698 level. Political uncertainty caused by the independence referendum in Catalonia remains one of the key factors placing the euro under pressure. The soft monetary policy of the European Central Bank adds to this […]

EUR/USD and GBP/USD Forecast — October 5th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 5th session. EUR/USD — As you can see, we did rally slightly during the day here on Wednesday, as we continue to show a little bit of resiliency, but I think eventually we will probably go looking towards the 1.20 level. A break above 1.21 should continue to send this market even higher. A breakdown from here […]

EUR and GBP Inching Lower Despite USD Correction

Despite correction in the US dollar, traders are cautious during the European session. The EUR/USD pair is trading at 1.1773, coming off the 1.1740 level. Mixed macroeconomic statistics revealed in the eurozone prevents the single currency from rallying to 1.18. The business activity in the region increased. The PMI Composite increased to 56.7 in line with expectations. The services sector showed a sharp advance with the corresponding index climbing to 55.8. The data pointed to the strength of the eurozone's […]