EUR/USD loses the grip and returns below 1.0300. EMU Industrial Production expanded 2.4% YoY in June. US flash Consumer Sentiment next of note in the docket. The single currency loses some shine and forces EUR/USD to retreat to the sub-1.0300 region on at the end of the week. EUR/USD weaker on USD-reovery EUR/USD gives away… Read More »
EUR/USD is back in the red as the US dollar extends the overnight recovery. US Treasury yields hold near multi-week top amid hawkish Fed commentary. US Preliminary UoM Consumer Sentiment data eyed for fresh Fed rate hike pricing. EUR/USD is trading close to the 1.0300 mark, struggling to find demand amid an extended recovery in the… Read More »
EUR/USD remains sidelined around monthly top, recently pressured near intraday low. RSI conditions, sustained break of five-week-old resistance keep buyers hopeful above 1.0280 short-term key support. 61.8% Fibonacci retracement guards immediate recovery, 200-SMA acts as an extra downside filter. EUR/USD renews intraday low near 1.0315 during Friday Asian session, snapping four-day uptrend around the monthly… Read More »
EUR/USD has turned sideways around 1.0320 as DXY rebounds sharply. Fresh evidence of exhaustion in the US CPI is meaningful but short-lived if not find follow-ups. A vulnerable performance is expected from Eurozone Industrial Production data. The EUR/USD pair is auctioning in an inventory distribution phase after a sheer downside move. The asset declined sharply… Read More »
US July PPI drops unexpectedly in July while jobless claims hit monthly highs. The dollar remains in negative territory, even as US yields rise. EUR/USD up for the fifth consecutive day, holds under Wednesday’s top. The EUR/USD failed to break Wednesday’s highs around 1.0355 and pulled back. It is hovering around 1.0325 as the US… Read More »
EUR/USD fades the initial knee-jerk and regains 1.0300. The dollar remains offered in the wake of US CPI results. US Producer Prices will be the salient event in the calendar. The optimism around the European currency looks unabated and bulls now push EUR/USD back to the area beyond 1.0300 the figure on Thursday. EUR/USD bolstered… Read More »
EUR/USD snaps three-day uptrend, grinds lower at intraday bottom. MACD, RSI hint at a gradual upward trajectory but 1.0370 is the key hurdle. Further downside can aim the 1.0190 support confluence. EUR/USD remains pressured around the intraday low of 1.0275 heading into Thursday’s European session. In doing so, the major currency pair keeps the previous… Read More »
EUR/USD has tumbled to near 1.2850 amid a significant recovery in the DXY. A lower US CPI print has trimmed the odds of hawkish guidance while rate hike odds are solid. This week, the US Michigan CSI data will be of utmost importance. The EUR/USD pair has declined gradually to near 1.2850 after surrendering the… Read More »
EUR/USD remains indecisive after retreating from five-week high. Monthly horizontal line challenges pullback from 50% Fibonacci retracement of June-July downside. Buyers have a comparatively smoother road to journey than the one signaled for bear’s return. EUR/USD treads water around 1.0300, after refreshing the monthly high, during Thursday’s initial Tokyo session. In doing so, the major… Read More »
EUR/USD retreats from five-week high of 1.0368, remains steady of late. US CPI tamed hawkish Fed expectations by easing below market forecasts, prior in July. Fed’s Kashkari backed recession fears, Biden teases Sino-American tussles. US PPI, Jobless Claims can entertain traders, risk catalysts are the key. EUR/USD flirts with the 1.0300 threshold, after posting the… Read More »
