Data on One Side, Bombs on Another… The first trading day of the new week passed with the news of the bombing of Kyiv, the capital of Ukraine, and its surroundings. In retaliation for Ukraine’s bridge explosion in Crimea, Russia bombed several points in and around Kyiv in the morning. Even though wheat futures went […]
Support Level: 0.9730- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD The EUR/USD fell from 0.9790 to 0.9730 reaching the lowest level in a week following the release of the US official employment report that showed numbers slightly above expectations. The greenback strengthened after the numbers. Earlier in the day, the data published by […]
Non-Farm Employment Increases More Than Expected in the USA… US Non-Farm Employment (TDI) increased by 263,000 in September, according to data released Friday by the US Bureau of Labor Statistics. The market expectation was that there would be an increase of 250 thousand. Unemployment Rate decreased from 3.7% to 3.5%. Average hourly earnings increased by […]
Support Level: 0.9750- 0.9630- 0.9530 Resistance Level: 0.9920 – 1.0000- 1.0050 EUR/USD The EUR/USD dropped further after the beginning of the American session and bottomed at 0.9790, the lowest level in two days. The intraday bias is bearish with the US dollar looking stronger ahead of the NFP. On Thursday, economic data released in the […]
Recovery Trend in US Dollar Index Continues… The European Central Bank (ECB) published the minutes of its September monetary policy meeting, in which it increased interest rates by 75 basis points. According to the minutes, it was stated that the depreciation of the Euro could increase the inflationary pressure for the Euro Area. While many […]
Support Level: 0.9830- 0.9750- 0.9630 Resistance Level: 1.0000 – 1.0050- 1.0100 EUR/USD The EUR/USD is erasing some of Tuesday’s gains as speculations of a Fed pivot towards a dovish stance faded, as shown by US T-bond yields rising again. the EUR/USD is trading at 0.9890 after hitting a daily high close to parity. Sentiment deteriorated, […]
Expected Discount From OPEC, US Data Going Well… The decision to reduce 2 million barrels per day came out of the OPEC+ meeting. These expectations were included in the bulletins and reports in the previous days, as a result of which oil prices reacted. Oil prices remained stable after the decision. The next meeting will […]
Support Level: 0.9900- 0.9850- 0.9750 Resistance Level: 1.0000 – 1.0050- 1.0100 EUR/USD The EUR/USD rose even further during the American session and climbed to 0.9977, reaching the highest level in a week. It remains near the top, up more than 150 pips for the day and 440 above last week’s low. On Tuesday, the August […]
US Dollar Index Continues to Fall… The decline in the US September ISM Manufacturing PMI index, which was announced on Monday, beyond the expectations and the continuing contraction in the manufacturing sector, triggered the pricing against the US Dollar. While the dollar index sees 110 levels today, US futures stock indices are buying. On the other […]
Support Level: 0.9730- 0.9630- 0.9535 Resistance Level: 0.9850 – 0.9920- 1.0000 EUR/USD The EUR/USD found support above 0.9750 and rose during the American session to 0.9844, hitting a fresh daily high. The pair ended Monday around 0.9820, still bearish in the daily chart. The DXY printed a new weekly low at 111.47 and it is […]