EURUSD The Euro continued to rise at the beginning of the week to trade near a three-year high, a level which it hit by last weekend. The recovery comes as the Dollar weakens and the EuroZone economy improves. The Euro’s positive performance came after European Central Bank monetary policy makers said in the Minutes of…
Lots of economic data and events scheduled for the day, but all with low to moderate volatility risks: Data released so far: Australia: November retail sales rose 1.2 percent. Next Data: Japan: The simultaneous and leading economic indicator will be updated at 5:00 GMT. The trade balance figures will be released at 23:50 GMT. Spain:…
EURUSD The Euro edged higher during Wednesday’s trading session after falling sharply yesterday to a one-week low thanks to the Dollar’s consolidation. Despite recent declines in the pair, prices still have to break and hold below support levels at 1.1920 and 1.1900 to confirm the a continued decline. Breaking the resistance levels close at 1.1950…
EURUSD The Euro traded weakly during the Asian trading session on Tuesday, after yesterday’s sell-off with the start of correction on the European currency after the surge in the past period. EuroZone Inflation Data, which came in lower than expected last Friday, encouraged the bearish trend on the single European currency, especially as the Dollar…
EURUSD The Euro saw mild volatility during the first trading session of the week, after a nosedive late last week despite the weak performance of the US Dollar against other currencies on the back of weaker-than-expected Employment Data. The Euro has seen some lower-than-expected Inflation Data from the EuroZone, which supports the ECB’s move to…
EURUSD The Euro saw weak trading during the Asian session on Thursday, after falling sharply yesterday on the recovery of the US Dollar following the release of the Federal Reserve Meeting Minutes. The Dollar strengthened against the major currencies after the Federal Reserve’s meeting minutes showed that the markets have priced in the gradual increase…
Late 2017, it seemingly proved impossible for May to satisfy her three most difficult audiences: the Irish Government, which is backed by the EU that it belongs to; Northern Ireland’s Democratic Unionist Party, which is propping up her Government; and the ardent Brexit backers within her own party. At an emergency negotiating session in late…
Daily Technical Analysis. Wednesday , January 03 There is not much Economic Data and Events scheduled for today, therefore the risk of volatility is low. Spain: Unemployment Change Report in November will be released at 8:00 GMT. Switzerland: Retail Sales will be released at 8:15 GMT, followed by PMI PM at 8:30 GMT. Germany: Unemployment…
Daily Technical Analysis. Thursday, December 21 EURUSD The Euro continued to advance on Thursday despite the strengthening of the Dollar against major currencies. With a view to the current upward trend, the pair’s success in breaking the resistance levels close at 1.1870 will enhance optimism and cause further test to 1.1900 levels. A return below the…
Daily Technical Analysis. Wednesday, December 20 EURUSD The Euro advanced for the third consecutive day to trade at its highest level this week, with support from higher German Bond Yields and a weaker Dollar. The US Dollar has seen a decline due to the House of Representatives’ re-vote on the Tax Bill. Despite recent gains, EURUSD…
