Facts Recommendation Long position on EURUSD at market price Opinion The EURUSD has been under heavy selling pressure recently, but the chart now shows early signs of stabilization. The pair rebounded after touching the 200-day exponential moving average (EMA 200) — marked in red on the chart. Recent European PMI data exceeded expectations, while the ongoing U.S. government shutdown and the highest number of […]
EUR
EUR
EUR
07
Nov
Nov
EUR/JPY loses traction to near 176.50 despite ECB’s cautious stance
The EUR/JPY cross loses ground around 176.60 during the Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar on minutes of the Bank of Japan’s (BoJ) September policy meeting and verbal intervention from Japanese officials. Minutes from the Bank of Japan’s (BoJ) September meeting revealed on Wednesday that an increasing number […]
05
Nov
Nov
Chart of The Day – EUR/USD
The EUR/USD pair is currently trading at around 1.1481 USD per euro. The market is being shaped by multiple factors from both Europe and the US. Despite positive signals from the eurozone economy, the dominant strength of the dollar and key macroeconomic data from the US are setting the tone for trading. Additionally, the ongoing US […]
04
Nov
Nov
EUR/USD ticks up from three-month lows as US Dollar eases
EUR/USD is trading with marginal gains on Tuesday, changing hands at 1.1525 at the time of writing after hitting fresh three-month lows earlier on the day. The pair, however, remains vulnerable, following a nearly 1.3% sell-off in the last four trading days, as the US Dollar (USD) surged following a “hawkish cut” by the Federal Reserve (Fed) last […]
04
Nov
Nov
EUR/GBP gathers strength above 0.8750, BoE rate decision in focus
The EUR/GBP cross gains traction to near 0.8775, snapping the two-day losing streak during the early European session on Tuesday. The Pound Sterling (GBP) softens against the Euro (EUR) amid uncertainty surrounding the Bank of England’s (BoE) interest rate decision, which will be scheduled on Thursday. The BoE is anticipated to hold the interest rates at 4.0% at its November policy meeting on […]
04
Nov
Nov
EUR/JPY depreciates toward 177.00 due to possible BoJ rate hikes
EUR/JPY continues its losses, trading around 177.20 during the Asian hours on Tuesday. The currency cross struggles as the Japanese Yen (JPY) receives support from last week’s hawkish comments from the Bank of Japan (BoJ) Governor Kazuo Ueda, signaling the possibility of a rate hike in December or January next year. However, the uncertainty prevails about […]
03
Nov
Nov
EUR/JPY holds steady above 177.50 amid thin trading due to Japan’s holiday
EUR/JPY holds ground after registering losses in the previous session, trading around 177.70 during the Asian hours on Monday. The currency cross edges higher as the Japanese Yen (JPY) weakens after the Bank of Japan (BoJ) maintained a cautious stance on interest rates. Trading is likely to remain subdued due to Japan’s holiday-thinned market. The […]
31
Oct
Oct
EURUSD Heads Towards 1.15 Amid Diminishing Chances of a December Fed Cut
The dollar is preparing for a positive close not only this week but also this month. The EURUSD pair is breaking local lows from mid-month today and is heading towards the 1.1500 level amid diminishing chances for interest rate cuts in the United States. The dollar is strengthening against every G10 currency today. The probability of a […]
31
Oct
Oct
Chart of The Day – EUR/USD
The EUR/USD pair is currently trading around 1.15270 USD per euro. The market is under downward pressure, mainly due to differences in monetary policy between the European Central Bank and the US Federal Reserve. Souce: xStation5 What is shaping the EUR/USD today? The dollar remains relatively strong following the Fed’s recent 25 basis point rate […]
31
Oct
Oct
EUR/JPY stabilizes near record high as ECB holds rates, Yen weakens on fiscal concerns
EUR/JPY stabilizes around 178.30 on Friday, virtually unchanged on the day after briefly pulling back from its all-time high reached the previous day at 178.82. The pair remains supported by a favorable rate differential for the Euro (EUR), while investors stay cautious toward the Japanese Yen (JPY). The JPY initially found modest support after the release of […]
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