US Non-Farm Employment Data Exceeded Expectations… * Nonfarm payrolls in the US increased by 253,000 in April, beating expectations of 180,000. In the face of the stubbornness in inflation, the improvement in employment continued in April. After the release of non-farm employment data, the dollar index appreciated. The unemployment rate in the USA fell from […]
Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD EUR/USD accelerates the corrective decline and probed the boundaries of the key 1.1000 level on Thursday, where solid contention appears to have emerged. So far, the pair probed once again the boundaries of the 1.1100 barrier just to give away […]
Tonight at 21:00 We Will Follow the FED’s Interest Rate Decision… 25 Base Points Increase and Details at ECB Interest Rate Meeting… *The other day, after the Fed’s decision to increase interest rates by 25 basis points, the ECB decided to increase it to 3.75% with a 25 basis point increase in interest rates. In […]
Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD pair jumped from 1.1045 to 1.1091, reaching a one-week high after the Federal Reserve announced, as expected, a 25 basis points rate hike, and suggested a potential pause. The US central bank raised rates with a dovish twist, […]
Tonight at 21:00 We Will Follow the FED’s Interest Rate Decision… The interest rate decision will be announced at 21:00 at the FED meeting to be held tonight. Expectations are for an increase of 25 basis points. After the decision to be taken, we will follow the statements of FED Chairman Powell. As US regional […]
Support Level: 1.0950 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD erased losses after the release of US economic data, rising from its weekly lows to levels above 1.0970. The pair is now up for the day, ending a three-day negative streak, ahead of crucial central bank meetings. The […]
Retail Sales in Germany Didn’t Meet Expectations, Inflation Still Strong in Euro Zone… *JOLTS Job Opportunities data from the USA at 17.00 came in at 9.590M, falling short of expectations. Another data that came in the same hour was Factory Orders and this data was realized as 0.9%. The Reserve Bank of Australia (RBA) increased […]
Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD dropped below 1.1000 after the ISM announced that manufacturing activity in April improved. However, it stood in contractionary territory, while a measure of inflation in the same data increased. Therefore, speculations for further tightening by the Fed underpinned […]
While Europe and the UK were Closed, US Manufacturing PMI Was On The Agenda… * It has been announced that First Republic, one of the 3 important banks that went bankrupt in recent months, will be acquired by JP Morgan. *Expectations for the Fed’s interest rate decisions on Wednesday, May 3 and the ECB on […]
Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD recovered from earlier losses that dragged the pair towards its daily low of 1.0962 and is trading at around the 1.1020s area after inflation in the US proved to be stickier than expected, warranting further tightening by the […]