Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD bounces off the 200-day Exponential Moving Average and climbs above the 1.0700 handle due to ECB official hawkish commentaries boosting the Euro. Meanwhile, the US Dollar dives as expectations for Fed’s June rate hike fade. The EUR/USD is trading […]
Discussions on Debt Limit in the USA Continue… *In the Euro Area, the Consumer Price Index announced for April increased by 0.6% on a monthly basis and by 7.0% on an annual basis. Data was expected to increase 0.6% monthly and 7.0% annually. Core CPI, on the other hand, came in as expected, increasing 1.0% […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD witnessed a vertical fall after retreating from 1.0733 in the early New York session. The major currency pair has dropped to near 1.0670 after the release of weaker-than-anticipated German Factory Orders, Eurozone Retail Sales, and an upbeat US Dollar. […]
Annual Retail Sales Decreased in the Euro Zone… *Retail sales in the Euro Area remained unchanged in April compared to the previous month, but decreased by -2.6% compared to April of the previous year. *According to the survey conducted by the European Central Bank, the annual inflation expectation, which was 5 percent in March, resulted […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD erases some of its previous losses, sponsored by weaker orders in factories in the US, alongside mixed ISM readings. European Central Bank President Christine Lagarde and other policymakers’ hawkish comments also lifted the Euro. The EUR/USD is trading at […]
April trade balance in Germany is above expectations… *US ISM Services PMI index decreased compared to the previous month, but still remained in the positive zone and was announced as 50.3. While EURUSD parity remained in the region of 1.0725 in the new week, Ounce Gold recovered to 1955 levels by recovering the decline of […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD slumps from weekly highs reached as a knee-jerk reaction to a solid US jobs report, driving the pair towards 1.0779 before sliding toward daily lows. The labor market in the United States stayed strong but saw slight signs of […]
Non-Farm Employment Increases More Than Expected in the USA… *European Central Bank (ECB) Member Panetta said in his speech today that they have to act very quickly in raising interest rates and curb spending without adversely affecting their economic efficiency. Another ECB Member, Vasle, said the population remains high and persistent and further rate hikes […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0770 – 1.0850 – 1.0900 EUR/USD EUR/USD shifted gears after printing a weekly low of 1.0635, climbs bolstered by dovish US Fed officials’ comments, alongside soft economic data from the US. Therefore, investors looking towards a less hawkish Fed dumped the US Dollar in favour of […]
ECB Member Kazaks “Interest Rates Will Remain Peak For A Time” *The Consumer Price Index (CPI) for the month of May, announced today in the Euro Zone, remained unchanged at 0.0% on a monthly basis, but decreased from 7.0% to 6.1% on an annual basis. Core CPI, on the other hand, rose 0.2% month-on-month, rising […]