Support Level: 1.0600 – 1.0540 – 1.0483 Resistance Level: 1.0680 – 1.0715 – 1.0800 EUR/USD The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across the board following the ISM Service PMI report. The pair rose 1.25% from the daily low and is having the best day in a […]
US Employment Market Closed 2022 Strongly! In the December period of the US Non-Farm Report, the employment market continued to gain strength, with earnings slowing on a monthly and annual basis. The Dollar Index’s FIRST reaction was slightly negative, despite the strong job market, as earnings slowed. However, a reversal was observed in the initial […]
Support Level: 1.0520 – 1.0470 – 1.0400 Resistance Level: 1.0580 – 1.0630 – 1.0680 EUR/USD The selling pressure in the Greenback now picks up further pace and drags EUR/USD back to the mid-1.0500s on Thursday, or daily lows. Further downside could retest 1.0520, EUR/USD quickly returned to the negative territory in response to the abrupt […]
Good US Employment Data, All Eyes Will Be on Official Non-Farm Data Tomorrow… The job market in the US remains strong. ADP Non-Farm Employment, which came in today at 16.15, was announced quite high compared to both expectations and the previous month. US ADP Non-Farm Employment Change: 235,000 (Exp. 150,000 ; Previous: 127,000) ADP chief […]
Support Level: 1.0520 – 1.0475 – 1.0445 Resistance Level: 1.0640 – 1.0680- 1.0710 EUR/USD The Euro (EUR) retraces against the US Dollar (USD) after hitting daily highs of 1.0635 and is dropping after the release of mixed US economic data, slightly boosted the US Dollar and shifting sentiment sour. At the time of writing, the […]
We Will Follow FED Minutes In The Evening… The US Dollar Index started to give back its gains one day after making a very positive start to the new year. Before the minutes of the FOMC meeting at 22:00 (GMT+3), we see that the movements on the Dollar side are getting a little better. The […]
Support Level: 1.0520 – 1.0475 – 1.0445 Resistance Level: 1.0600 – 1.0640- 1.0680 EUR/USD EUR/USD declined sharply in the early European session and touched its lowest level in three weeks at 1.0520 before staging a modest rebound. As of writing, the pair was trading at 1.0560, where it was still down nearly 1% on a […]
Dollar Index Starts 2023 Positively… While recovery efforts were seen in the Dollar Index in intraday pricing, the rise in Ounce Gold and bonds also drew attention with this pricing. While the US 10-year bond was purchased, its yield decreased to 3.75% inversely. US 2 and 10-year bond interest spreads increased to 60 basis points […]
Support Level: 1.0600 – 1.0584 – 1.0550 Resistance Level: 1.0700 – 1.0740- 1.0780 EUR/USD The Euro (EUR) sheds some ground against the US Dollar (USD) on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency […]
After Tomorrow, the holiday mood in the markets will start to end slowly… On the first trading day of the new year, almost all commodities, metals and stock markets were closed and we had a day when only parities were open. The European market was open and the Manufacturing PMI from Germany fell from the […]