Inflation Rate Decreased in the USA… *The Employment Change for April in the UK, announced today, increased by 250 thousand, exceeding the expectation of 150 thousand. The number of unemployed decreased by 13,600 people. After these data, the Unemployment Rate decreased from 3.9% to 3.8%. *The Zew Economic Index for June, which was announced today […]
Support Level: 1.0730 – 1.0630 – 1.0500 Resistance Level: 1.0830 – 1.0900 – 1.1000 EUR/USD The Euro finds demand on Tuesday as investors adjust their positions while preparing for the highly-anticipated central bank policy announcements. The EUR/USD pair gathered bullish momentum and climbed above 1.0800 for the first time in three weeks. The Euro’s performance […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0790 – 1.0850 – 1.0900 EUR/USD EUR/USD pares some of its earlier gains, still trading in a positive territory amidst a busy week in the economic agenda, with major central banks set to adjust their monetary policies. The US Dollar strengthened ahead of Wednesday’s Fed decision […]
BOE Member Haskel: Inflation momentum should be monitored… *In his speech today, Bank of England (BOE) Member Haskel said that they closely monitor the indicators and resilience of inflation momentum, that further rate hikes cannot be ignored and it is important that they continue to withstand the risks of inflation momentum. Agenda of the day;18:30 […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0790 – 1.0850 – 1.0900 EUR/USD EUR/USD reversed its course after Thursday’s jobs report in the US justified the Fed view for skipping a rate hike. Additionally, recent data from Canada pointed to a softening labor market, atoning with recent unemployment claims in the US. The […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0790 – 1.0850 – 1.0900 EUR/USD EUR/USD soars sharply past the 1.0750 area on Thursday after less stellar jobs data in the United States (US) weakened the US Dollar. That said, the EUR/USD is trading at around 1.0770s after hitting a daily low of 1.0692 Before […]
Sudden Rises in EURUSD Parity… * Applications for unemployment benefits in the USA increased more than expected last week. While expectations were for an increase of 253,000, 261,000 applications were received. After the announced data, there were sudden increases in the EURUSD parity. Account Opening Open A Demo CDO has wide range of tools, professional […]
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. […]