EURUSD
EUR/USD breaks 2022 low, 1.1020 eyed for days ahead
EUR/USD has dropped to a fresh low for the year, 1.1099. ”Traders are increasingly hedging against declines in the euro as they brace for the damage that war in Ukraine could wreak on the European economy,” a Bloomberg article read today. The move is an extension of the weekly buildup on the short side and …
EUR/USD Price Forecast – Euro Breaking Through 200 Day EMA
The Euro has broken through the 1.1830 level and the 200 day EMA to threaten the 1.18 level by the time the Americans came on board. At this point, the Euro looks like it is ready to continue falling, perhaps to reach towards the 1.16 level. I do think that if we continue to press …
EUR/USD drops towards 1.2150 as German IFO Business Climate Index misses estimates with 90.1 in Jan
German IFO Business Climate Index came in at 90.1 in January. IFO Current Economic Assessment stood at 89.2 this month. January German IFO Expectations Index arrived at 91.1. The headline German IFO Business Climate Index drops sharply to 90.1 in January versus last month’s 92.2, missing the consensus estimates of 91.8 by a big margin. …
Eurozone Preliminary GDP contracts 3.8% QoQ in Q1 vs. -3.5% expected, EUR/USD stays below 1.09
The Eurozone economy saw a sharp contraction of 3.8% on quarter in the three months to March of 2020, missing -3.5% expected, the first estimate showed on Thursday. On an annualized basis, the bloc’s economic growth came in at 3.3% from 1.0% seen in the previous readout while missing -3.1% expectations. About Eurozone Preliminary GDP The Gross Domestic …
USD surges on funding stress, AUD/USD breaks 0.60, EUR/USD nears 1.10, GBP/USD 1.21
The demand for dollar is surging amid a global sell-off of stocks related to the coronavirus crisis. There is growing fear of over USD shortage. EUR/USD is trading near 1.10, close to the monthly lows. GBP/USD has extended its slump, flirting with 1.21, the lowest since September. AUD/USD is around 0.60, a level that was …
EUR/USD jumps as German Manufacturing PMI beats with 47.8
Markit’s German Manufacturing PMI for February beat estimates with a score of 47.8 points, far above 44.8 expected and 45.3 recorded in January. The score remains below 50 – reflecting ongoing albeit slower contraction in the eurozone’s largest economy’s industrial sector. Nevertheless, the rise from the lows – despite growing fears of the coronavirus disease …
EUR/USD breaks above 1.1050 on weak ISM Manufacturing PMI
ISM’s Purchasing Managers’ Index for the manufacturing sector has badly disappointed with 48.1 points in November, worse than 492. expected and 38.3 seen in October. The Prices component plunged to 46.7 points. The US industrial sector is still in the doldrums. New orders – a forward-looking component – has dropped to 47.2 points. The employment …
EUR/USD crashes below 1.11, lowest since May 2017
The EUR/USD came under strong bearish pressure in the last minutes as the Greenback gathered strength following the Federal Reserve’s policy statement, which was not as dovish as anticipated. With the US Dollar Index jumping to its highest level since May 2017 at 98.42, the EUR/USD pair crashed below the 1.11 mark and touched its …
Breaking lower as German yields slide ahead of ECB
EUR/USD dips below 1.12 on dovish ECB expectations. Dollar may find love on lower odds of aggressive Fed easing. EUR/USD fell below 1.12 in Asia and could extend losses in Europe, courtesy of the dovish European Central Bank (ECB) expectation and the weakness in German Bund yields. The benchmark German 10-year government bond yield fell …
Lagarde sends EUR/USD to fresh 2020 lows with climate comments
EUR/USD has dropped to the lowest this year, below 1.1070, after Christine Lagarde, President of the European Central Bank, said that it will take climate change into its considerations. The crisis may trigger the usage of additional monetary stimulus. Earlier, the ECB left its interest rate unchanged at -0.50% as widely expected. The Frankfurt-based institution continues …