Annual Retail Sales Decreased in the Euro Zone… *Retail sales in the Euro Area remained unchanged in April compared to the previous month, but decreased by -2.6% compared to April of the previous year. *According to the survey conducted by the European Central Bank, the annual inflation expectation, which was 5 percent in March, resulted […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD erases some of its previous losses, sponsored by weaker orders in factories in the US, alongside mixed ISM readings. European Central Bank President Christine Lagarde and other policymakers’ hawkish comments also lifted the Euro. The EUR/USD is trading at […]
April trade balance in Germany is above expectations… *US ISM Services PMI index decreased compared to the previous month, but still remained in the positive zone and was announced as 50.3. While EURUSD parity remained in the region of 1.0725 in the new week, Ounce Gold recovered to 1955 levels by recovering the decline of […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD slumps from weekly highs reached as a knee-jerk reaction to a solid US jobs report, driving the pair towards 1.0779 before sliding toward daily lows. The labor market in the United States stayed strong but saw slight signs of […]
Non-Farm Employment Increases More Than Expected in the USA… *European Central Bank (ECB) Member Panetta said in his speech today that they have to act very quickly in raising interest rates and curb spending without adversely affecting their economic efficiency. Another ECB Member, Vasle, said the population remains high and persistent and further rate hikes […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0770 – 1.0850 – 1.0900 EUR/USD EUR/USD shifted gears after printing a weekly low of 1.0635, climbs bolstered by dovish US Fed officials’ comments, alongside soft economic data from the US. Therefore, investors looking towards a less hawkish Fed dumped the US Dollar in favour of […]
ECB Member Kazaks “Interest Rates Will Remain Peak For A Time” *The Consumer Price Index (CPI) for the month of May, announced today in the Euro Zone, remained unchanged at 0.0% on a monthly basis, but decreased from 7.0% to 6.1% on an annual basis. Core CPI, on the other hand, rose 0.2% month-on-month, rising […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD stumbles past the 1.0700 mark erasing last Tuesday’s gains, and extends its fall toward the 1.0660s area after upbeat economic data from the US boosted the greenback. Earlier, EU data showed that inflation is easing, hence the EUR weakness. […]
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: 1.0670 – 1.0600 – 1.0500 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD snaps five straight days of losses, rising some 0.30% in the North American session after a tranche of EU economic data showed that inflation in some countries of the bloc appears to ease. Meanwhile, consumer confidence advances in the […]