Forex

EURUSD still rangebound, awaits fresh drivers

The single currency closed down 0.24% to 1.1286 on Monday, December 6. Price action climbed to 1.1310 during the European trading session. The demand for risk assets was partly triggered by media reports that the new Omicron strain is less dangerous than the Delta variant. The economic calendar was a blank slate, so the EURUSD […]

6 months ago
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Forex
Euro gropes for foothold

The EURUSD pair dipped 0.24% to 1.1451 on Thursday, November 11. Trading saw sharp swings during the European session. Buyers attempted several times to msuter a rally, but were eventually forced to retreat to 1.1443. On Thursday, the US and Canada celebrated national holidays. The US debt market was offline. Market participants were still digesting […]

6 months ago
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Forex
Euro plunges on red-hot US inflation print

The EURUSD pair slid 0.99% to 1.1478 on Wednesday, November 10. Price action collapsed during the North American session after the October CPI reading acceleration came in stronger than expected. In October, headline inflation shot up to 6.2% – a record high since November 1990. Compared to September, price growth accelerated by 0.8%, while core […]

6 months ago
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Forex
EURUSD: buyers attempt to hold above 1.1570

The EURUSD pair dropped 0.05% to 1.1593 on Tuesday, November 9. Sharp price swings were driven by shifting sentiment in the EURGBP cross pair. Germany’s ZEW Economic Sentiment Index exceeded optimistic estimates, surging to 31.7 in November, and up from 22.3 in October. The Current Conditions Index fell to 12.5 in November vs. the consensus […]

6 months ago
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Forex
Euro kicks off the week on front foot

The EURUSD pair traded higher on Monday, November 8, up 0.17% to 1.1587. Buying picked up during the European session as the dollar started losing ground across the board. Market participants pushed ahead with a 5-day rally, brushing aside a slight recovery in the UST10 yield and speeches by Fed members. US Federal Reserve Deputy […]

6 months ago
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Forex
Euro reverts to upward correction

FX market highlights: – The US economy slowed down in Q3 – US pending home sales declined in September – ECB kept monetary policy settings on hold – The US10Y yield rose to 1.61% in Asian trading The EURUSD pair spiked 0.67% to 1.1681 on Thursday, October 28. The daily high was recorded at 1.1692. […]

6 months ago
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Forex
Euro expected to rebound to 45-degree angle in line with correction

FX market highlights: – US personal income decreased, spending increased. – Dollar firmed on reallocation of capital flows on the last day of the month. The steepest gains against the US dollar were seen at the end of the week in the Australian dollar (+0.70%), the New Zealand dollar (+0.23%), and the Swiss franc (+0.10%). […]

6 months ago
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Forex
Euro pares 50% of 5-day losses

Key FX market drivers: – Tensions have escalated between France and the UK. – Retail sales in Germany fell in September. – US October manufacturing activity beats expectations. The EURUSD pair surged 0.39% to 1.1606 on Monday, November 1. The single currency started to trend higher during the Asian session. Buyers drew support from gains […]

6 months ago
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Forex
FX participants sidelined ahead of Fed meeting

The EURUSD pair dropped 0.23% to 1.1579 on Tuesday, November 2. Investor sentiment deteriorated in in the foreign exchange market during Asian trading after the release of the RBA’s monetary policy decision, which showed a dovish stance. In the upshot, stock indices traded slightly in the red. A decline in Antipodeans boosted demand for safe […]

6 months ago
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Forex
EURUSD: buyers set to test trendline resilience

Key factor currently driving the FX market: – NFPs picked up in October, overshooting the median consensus. Major currencies showed mixed dynamics heading into the weekend. The strongest gains against the US dollar were shown by the Japanese yen (+0.52%), the Swiss franc (+0.34%) and the euro (+0.06%). On the other side of the FX […]

6 months ago
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Forex
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