Support Level: 1.0830 – 1.0790 – 1.0710 Resistance Level: 1.0930 – 1.0980 – 1.1030 EUR/USD The EUR/USD rose to 1.0928, reaching the highest level since last Thursday, and then pulled back. The Euro holds a bullish tone but remains unable to break above 1.0930. Data from the Eurozone showed a decline of 0.8% in Retail […]
FED/Williams “Lower Interest Rates If Inflation Drops“ *In his speech today, New York FED President Williams said that they saw some slowdown in employment demand but still high, inflation still hovers above the 2% target, they should monitor inflation, retail sales and other data, there are policies towards a restrictive stance, bank failures He stated […]
Support Level: 1.0830 – 1.0790 – 1.0710 Resistance Level: 1.0930 – 1.0980 – 1.1030 EUR/USD EUR/USD started the new week on the back foot and touched its lowest level in a week at 1.0830 in the American session. The pair was last seen trading a few pips below 1.0860, losing 0.5% on a daily basis. […]
Global Economy Slowing Down in Japan.. Ueda, the new head of the Bank of Japan (BOJ), said in his speech that large-scale monetary easing will continue, that negative interest rates are appropriate for now, that it is very possible to reach the sustainable price target as wage growth strengthens, and that he is aware that […]
Support Level: 1.0880 – 1.0790 – 1.0700 Resistance Level: 1.0980 – 1.1030 – 1.1100 EUR/USD The EUR/USD falls during the North American session and retraces towards the 1.0900 figure after a solid US Nonfarm Payrolls report. However, the Euro (EUR) is set to finish the week with decent gains of 0.61%, though it ended short […]
While Unemployment Declines in the USA, Non-Farm Employment Remains Below Expectations… *In the USA, non-farm employment was expected to increase by 239,000 in March, while an increase of 236,000 was recorded. An increase of 311,000 was announced last month. The unemployment rate fell from 3.6% to 3.5%. Average hourly earnings, on the other hand, met […]
Support Level: 1.0880 – 1.0790 – 1.0700 Resistance Level: 1.0980 – 1.1030 – 1.1100 EUR/USD EUR/USD is topping the extreme of the day in late New York in holiday calmness. The pair is currently trading at 1.0930 at hourly resistance. The pair has travelled between a low of 1.0884 and a high of 1.0937. The […]
Many Products Will Be Closed To Transactions Tomorrow Due To Good Friday… *Tomorrow, many products will be closed due to Easter / Good Friday. At the same time, non-farm employment data will be released tomorrow in the USA. Due to the fact that the data is announced when the market is closed, market pricing may […]
Support Level: 1.0880 – 1.0790 – 1.0700 Resistance Level: 1.0980 – 1.1030 – 1.1100 EUR/USD The EUR/USD corrected to the 1.0900 zone after the beginning of the American session and despite weaker-than-expected US economic data. The US Dollar gained momentum, pushing the pair to the downside. ADP released its employment report showing that in March […]
PMI Data From Different Regions Over 50 Neutral Regions… *In Germany, Services PMI in March rose to 53.7 even though it was below the 53.9 expectation. The data was announced as 50.9 last month. Composite PMI rose to 52.6 as expected. The data was announced as 50.7 last month. *In the Euro Area, the Services […]