EURUSD stalls at the 100 hour MA for the 2nd consecutive day As the clock ticks to the close for the EURUSD in London/Europ, the pair moved to new session highs, and for the 2nd day in a row, banged against the 100-hour moving average at 1.06715 and found sellers. In the kickstart video from
Share: EUR/USD is approaching 1.06. Economists at Commerzbank analyze the pair’s outlook. Interest rate cuts could become concretely apparent in the US In the medium term, we expect the Fed to lower its key rate again next year as the US economy cools. At the same time, the ECB is likely to keep
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter EUR/USD ANALYSIS EUR/USD has been falling on a sustained basis since mid-July more or less. This downward trend has been primarily driven by the contrasting economic performance of the United States and the
Share: EUR/USD spends Friday trading into familiar territory. US PMIs kept the USD capped with a mixed print. USD on track to close out with weekly gains, but capped for the end of the week. The EUR/USD is trading into neutral ground heading into the end of the trading week, testing well-trodded ground
US Dollar Vs Euro, British Pound, Australian Dollar – Price Setups: USD boosted by higher for longer Fed rates after hawkish FOMC projections. EUR/USD and GBP/USD are testing quite strong support; AUD/USD has retreated from key resistance. What’s next for EUR/USD, GBP/USD, and AUD/USD? Recommended by Manish Jaradi New to FX? Try this link for
It is FOMC day with the expectation for no change in policy by the US central bank. The focus will be on the details of the dot plot and central tendencies along with the statement in the Q&A from Chair Powell. Traders can have their bias, but with the Fed thought to be a crossroads
Euro (EUR/USD, EUR/GBP) Analysis Markets Await the Fed’s Summary of Economic Projections for Clues The euro has recovered a large portion of losses against the dollar, as markets look to the updated quarterly forecasts known as the summary of economic projections for clues. EUR/USD dropped immediately after the ECB decided to hike interest rates, for
EUR/USD FORECAST: EUR/USD trades largely directionless on Tuesday, moving between small gains and losses ahead of the Fed’s announcement The FOMC is set to unveil its September policy decision on Wednesday. No interest rate changes are expected, but the bank will release the eagerly-awaited “Summary of Economic Projections” This article analyzes possible scenarios for the
Euro Vs US Dollar, Japanese Yen, British Pound – Outlook: EUR/USD looks deeply oversold as it tests strong support. EUR/GBP is attempting to break above a minor resistance; EUR/JPY looks heavy. What is the outlook and the key levels to watch in key Euro crosses? Recommended by Manish Jaradi How to Trade EUR/USD The euro
Share: EUR/USD risk extra losses below 1.0630, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: We expected EUR to consolidate in a range of 1.0645/1.0695 yesterday. EUR then traded in a range of 1.0653/1.0698 before closing at 1.0690 (+0.33%). The underlying tone has firmed
