Support Level: 1.0200 – 1.0100 – 1.0000 Resistance Level: 1.0300 – 1.0400- 1.0480 EUR/USD EUR/USD maintains the corrective downside well in place for yet another session and threatens to challenge the key support around the 1.0200 neighbourhood sooner rather than later. Indeed, in quite an uneventful session, the Greenback extends the recent bounce backed by […]
Thanksgiving Recession in Global Markets… Global markets started the new week with a slight decline in risk appetite and a slight recovery in the Dollar index. The Dollar Index reacted at 105.50 last week, rising to 107.25. Ounce of Gold is on the fourth day of its decline and has retreated to 1740 levels. The […]
Support Level: 1.0270 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD The EURUSD rejected by 1.0400 area again and fell during the American session to 1.0325 level, on a calm session across FX markets. The greenback spiked higher amid a deterioration in market sentiment that did not last much. Economic data released […]
European Central Bank President Lagarde: We Can Raise Interest Rates Until We Reach Inflation Target… European Central Bank President Christine Lagarde, in her speech at the conference she attended, said, “We expect interest rates to increase further. Withdrawal of monetary supports may not be enough. Interest rates are and will continue to be the main […]
Support Level: 1.0270 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD EURUSD is battling back, down some 0.5% still, however, having fallen from a high of 1.0406 to a low of 1.0305. US Treasury yields increased on Thursday as investors bet on a relatively hawkish Federal Reserve. The greenback was pressured in […]
Headline Inflation High in Euro Zone, But Slightly Below Expectations… *Even though the inflation in the Euro Area increased from 9.9% to 10.6% on an annual basis in October, it remained below the data market expectation of 10.7%. On a monthly basis, consumer inflation increased by 1.5%. *Eurozone Core inflation increased in line with expectations.-Core […]
Support Level: 1.0270 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD ØThe EURUSD extends its gains for the second consecutive day but struggles to hurdle 1.0440 and retraces. The release of an upbeat Retail Sales report for the United States capped the Euro (EUR) gains, as the major slid below 1.0400. At […]
UK Inflation Hits 41-Year High in October… In the UK, consumer inflation increased by 11.1% on an annual basis in October, above the expectations of 10.7%. On a monthly basis, inflation increased by 2.0%. Core inflation and producer inflation also exceeded expectations in the country. -Core Consumer Price Index (CPI) (Annual) Announced:6.5% Expected:6.4% Previous:6.5% -Core CPI (Monthly) (Monthly) […]
Support Level: 1.0270 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD The EURUSD is climbing in the North American session, though it remains beneath the highs of the day at 1.0481, reached on the release of a softer-than-expected Producer Price Index (PPI) for the United States. At the time of writing, the […]
A Brutal Day For The Dollar… Today is once again a brutal day for the US Dollar, which is down over 1% against currencies such as the Euro, Sterling, Aussie (Australian Dollar) and Kiwi (New Zealand Dollar). The post-CPI rally continues in global stock markets, and this situation puts pressure on the Dollar. US 10-year […]