Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro sets the stage for a potential win this week And, retail traders began turning more bearish What technical obstacles does EUR/USD face? Recommended by Daniel Dubrovsky Get Your Free EUR Forecast While the week is still fresh, the Euro is seemingly on course for
Euro News and Analysis Dollar dip sends EUR/USD higher at the start of a busy week IG client sentiment favors a bearish continuation despite the recent reprieve EUR/GBP frustratingly non-directional within broader sideways channel The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our
Share: The Euro gathers further steam vs. the US Dollar. Stocks in Europe now trade in a mixed fashion. EUR/USD advances to daily peaks near 1.0730. The USD Index (DXY) breaks below the 105.00 yardstick. Final August CPI in Germany matched the preliminary readings. Wholesale Inventories, Consumer Credit Change come next in the US docket. On
EUR/USD and EUR/JPY Forecast – Prices, Charts, and Analysis Euro Area q/q growth is nominal at best. EUR/USD eyes 1.0700 as the greenback remains better bid. The final Q2 Euro Area GDP release shows that the block of 19 countries has barely expanded over the last quarters. Data from Eurostat, the statistics office of the
Euro, EUR/USD, US Dollar, Treasury Yields, ECB, Knot, EU Inflation, Crude Oil – Talking Points The Euro held firm again today as the US Dollar pauses in its climb Australia and China missed estimates on their respective trade surpluses Market pricing of an ECB hike might be questioned. Would it boost EUR/USD? Recommended by Daniel
EUR/USD ANALYSIS EUR/USD retreated on Wednesday, falling to a three-month low around the 1.0700 handle, as strong U.S. economic data increased the probability of additional FOMC policy firming in 2023, reinforced the case for a restrictive monetary policy position for an extended period and propelled U.S. Treasury yields upwards, with the 2-year yield comfortably breaking
Euro, EUR/USD, RSI Divergence – Technical Update: Euro closed at its lowest in almost 3 months EUR/USD close to ending dominant uptrend EUR/GBP once again approaching support Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro closed at its lowest against the US Dollar in almost 3 months, extending the downtrend since July.
Share: After initially rising to 1.0880, the EUR/USD declines to 1.0785, below the 200-day SMA at 1.0815. Manufacturing PMIs from the US showed better-than-expected results. The US DXY index and Treasury yields significantly recovered following the release. Following the release of a mixed Nonfarm Payrolls report, which saw employment rising higher than expected, wages decelerating
Share: US Nonfarm Payrolls are expected to increase by 170K in August, slowing from the 187K reported in July. The headline NFP and Average Hourly Earnings could impact the Fed’s future policy. The Unemployment Rate in the United States is seen steady at 3.5% in August. Traders scale back the odds of a