EUR
EUR, Technical Analysis
Euro holds steady above 1.1600 as markets brace for US inflation data and ECB rate decision
The EUR/USD pair trades on a flat note around 1.1625 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the key US inflation data and the European Central Bank (ECB) interest rate decision later this week. Data released last week showed that the US economy added 162,000 jobs in […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis
EUR/USD Price Holds key 100-day SMA at start of the US CPI week
The Euro (EUR) trades marginally lower at around 1.1610 against the US Dollar (USD) during the Asian trading session on Monday. The major currency pair edges down as the US Dollar ticks up, with investors turning cautious at the start of the United States (US) Consumer Price Index (CPI) week. Investors will pay close attention to […]
by Currency Hedger
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- 2 months ago
EUR, Institutional, Technical Analysis, USD
Chart of The Day – EUR/USD Ahead of NFP. The Fed Caught Between Warsh and Waller
Friday’s EURUSD session is dominated by expectations ahead of the most important release of the week, the NFP report. Over the past few days, the outlook for US monetary policy has become significantly more complicated. Kevin Warsh sounded particularly hawkish during the Jackson Hole symposium, arguing that inflation remains too high and that the Fed […]
by Currency Hedger
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- 2 months ago
EUR, GBP
Euro pulls back against a firmer British Pound following hawkish BoE rhetoric
The Euro (EUR) trades lower against the British Pound (GBP) on Friday, snapping a four-day rally, after hawkish comments from Bank of England (BoE) committee member Huw Pill provided a fresh boost for the Cable on Thursday. The EUR/GBP pair retreated from one-month highs, a few pips above 0.8600, and is testing support at a previous resistance area around 0.8585 […]
by Currency Hedger
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- 2 months ago
EUR, USD
Euro stalls above 1.1600
The Euro (EUR) is trading flat above 1.1600 against the US Dollar (USD) on Friday, with upside attempts capped below the 1.1630 area. Investors are wary of selling the US Dollar ahead of the US Nonfarm Payrolls (NFP) release, which is expected to provide further insight into the outcome of September’s Federal Reserve’s (Fed) monetary policy […]
by Currency Hedger
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- 2 months ago
EUR, JPY, Technical Analysis
EUR/JPY Trades near 181.50 after rebounding from descending channel bottom
EUR/JPY gains ground after two days of losses, trading around 181.50 during the Asian hours on Friday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. However, the EUR/JPY cross is maintaining a bearish near-term bias as it remains below the nine- and 50-day […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis, USD
EUR/USD Price – Strong recovery from 100-day MA ahead of US NFP data
The Euro (EUR) holds onto previous day’s gains at around 1.1630 against the US Dollar (USD) during the Asian trading session on Friday. The major currency pair gained significantly on Thursday as the US Dollar faced sharp selling pressure, following dovish remarks from Federal Reserve (Fed) Governor Christopher Waller. At press time, the US Dollar Index (DXY), which […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: 20-day EMA acts as key support level
The Euro (EUR) is up 0.2% to near 1.1610 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair gains as the US Dollar underperforms due to multiple headwinds, weak United States (US) ADP Employment Change data for August and the Federal Reserve (Fed) pushing back upside inflation risks. US Dollar […]
by Currency Hedger
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- 2 months ago
EUR, JPY
Euro tumbles as Japanese Yen surges on intervention threats
EUR/JPY falls sharply on Thursday and trades around 181.40 at the time of writing, down 1.37% on the day. The Japanese Yen (JPY) strengthens significantly against the Euro (EUR), supported by renewed warnings from Japanese authorities over foreign exchange market moves. Japan’s top currency diplomat Atsushi Mimura reiterates on Thursday that authorities remain ready to act in […]
by Currency Hedger
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- 2 months ago
EUR, GBP, Technical Analysis
EUR/GBP at two-month highs following Services PMIs
The Euro (EUR) extends gains against a weaker British Pound (GBP) for the fourth consecutive day on Thursday, following downward revisions of both the Eurozone and UK Services Purchasing Managers’ Index (PMI) figures. The EUR/GBP pair maintains its bid tone, with bulls targeting a previous support area a few pips above 0.8600 after rallying nearly 0.5% so far this week. Eurozone […]
by Currency Hedger
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- 2 months ago