Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The Euro registers solid gains against the US Dollar on Monday, during the North American session, courtesy of overall US Dollar weakness.At the time of writing, the EUR/USD is trading at 1.0535, still bullish in the daily chart. Sentiment remains upbeat, […]
British Economy Outperformed Expectations in October… The UK economy grew by 0.5% on a monthly basis in October, slightly above the expectation of 0.4%. In the three-month period up to October, it contracted by -0.3%, contrary to the expectation of -0.4% contraction. Manufacturing and industrial production figures for October also came in better than expected. […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD Despite a knee-jerk mid-week, the EUR/USD pair is comfortably trading above the 1.0500 threshold, seesawing around 1.0530 following the release of the December University of Michigan’s Consumer Confidence Index, which rose by more than anticipated, to 59.1 from 56.8 in November. […]
Producer Price Inflation Increased More Than Expected in the USA… Producer price inflation in the USA, although it increased below the previous period on an annual basis in November, came above the expectations. (Annual) (Nov) Announced: 7.4% Expected: 7.2% Previous: 8.0% (Monthly) (Nov) Announced: 0.3% Expected: 0.2% Previous: 0.2% Core inflation came in above expectations. […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD is firmly higher on Thursday due to diminishing expectations for the Federal Reserve (Fed) to keep raising interest rates at the same aggressive pace. EUR/USD is currently 0.38% higher having rallied from a low of 1.0489 to a high of […]
Market Remains Stable As Critical Week Approaches… Weekly Unemployment Benefit Applications received from the USA at 16.30 during the day amounted to 230,000. The previous week’s data was also revised from 225,000 to 226,000. During the European session, major pairs priced narrowly due to the lack of significant data on the economic calendar. The cautious […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The EUR/USD dropped near 1.0500 following comments from Russian President Putin. The Euro is among the weakest currencies of the American session. Earlier it peaked at 1.0549, the highest level in two days. Market sentiment deteriorated briefly after Russian President Vladimir […]
China Takes Decision to Relax in Covid Policy… China announced earlier in the day that positive cases with mild symptoms or who are asymptomatic will be allowed to be quarantined at home instead of seven days. “No form of mobility control should be implemented,” the Chinese government said in a statement, explaining that batch PCR […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The Euro is extending some of its Monday losses against the US Dollar, stuck below the 1.0500 figure amidst a risk-off impulse, as data released in the United States did not bolster the USD. Factory Orders in Germany surprisingly exceeded estimates, […]
The Difference Between US 2- and 10-Year Bond Spread Is Increasing… The calmness of the intraday data density and explanations was also reflected in the prices. In instruments traded in a narrow price range in general, EURUSD parity is above 1.05, Ounce Gold is at 1775 levels, USDJPY parity is stable in 136 region. While […]