We’ll See if US Inflation Relieves the FED! * The US inflation, announced at 15.30 today, was surprisingly at 4.9% on the headline side. The fact that food inflation remained stable at 0% was recorded as one of the important factors that lowered annual headline inflation. *The continuation of the fall in headline inflation brought […]
Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD extends its losses on Tuesday past the 1.10 handle, briefly testing last week’s low of 1.0942, but bounced off that price level, above the 1.0950 area. Worries about the US debt ceiling, and a strong US Dollar, weakened […]
Inflation and Policy Statements From ECB Members Are On The Agenda… *The Minister of Energy of the United Arab Emirates stated that they are not worried in the oil market for the short term and that they can balance the supply/demand relationship. There are still concerns for the long term, so it is said that […]
Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD retreated from daily highs, hitting 1.1053 as the European session ended. The latest week, we have witnessed the US Fed and the ECB increasing rates by 25 bps, though divergence would likely favour the latter. Hence, the EUR/USD […]
US Inflation Will Revive A Calm Started Week… *Global markets started the new week calmly due to the UK holiday. US futures stock indexes continued to maintain their upward trend from last Friday. *Inflation data coming from both Germany and the USA on Wednesday will be very important in the new week and will greatly […]
Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD EUR/USD comes under further downside pressure and rapidly gives away the initial optimism, returning to the sub-1.1000 region in the wake of another solid prints from the US jobs report on Friday. EUR/USD picks up extra selling pressure after the […]
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, […]