Resistance Level: 1.0050, 1.0200, 1.0280 Support Level: 0.9875, 0.9800, 0.9750 EUR/USD The EUR/USD remains under pressure after hitting a weekly high at around 1.0050 earlier, bolstered by higher than expected German PPI. However, as the North American session began, the exchange rate tumbled below parity and its opening price, ended Tuesday around 0.9975, bearish in […]
Producer Inflation In Germany Rises To A Record Level… Producer inflation in Germany, the largest economy in the Euro Zone, increased above expectations in August. We can say that the 20.4% increase in energy prices is the main factor of the high inflation. The biggest producer price increase since 1949, when the data started to […]
Resistance Level: 1.0200, 1.0280, 1.0370 Support Level: 0.9875, 0.9800, 0.9750 EUR/USD The EUR/USD rose after the beginning of the American session and recently climbed to 1.0029, before pulling back to the 1.0020 area. It is posting modest gains on Monday, as it continues to trade in a range, neutral to bearish in the daily chart. […]
US Bond Rates Rise Before Fed…. Fears about the global recession and geopolitical tensions affect the market on the first trading day of the critical week, when the interest rate decisions of major central banks, especially the Fed, the Bank of England and the Bank of Japan will be followed. Over the weekend, US President […]