The EUR/USD pair prolongs its uptrend for the fourth consecutive day and climbs beyond the 1.1600 mark, to a one-and-a-half-week top, during the Asian session on Thursday. The momentum is sponsored by the prevalent selling bias surrounding the US Dollar (USD), and lifts spot prices closer to a technically significant 200-day Simple Moving Average (SMA) […]
The EUR/JPY pair struggles to capitalize on a modest intraday uptick on Wednesday and remains below the 181.00 round figure through the Asian session. Meanwhile, mixed fundamental cues keep spot prices confined in the weekly range and warrant some caution before placing aggressive directional bets. The Japanese Yen (JPY) gets a minor lift after reports […]
The EUR/JPY cross struggles to build on the previous day’s positive move and ticks lower during the Asian session on Tuesday. Spot prices currently trade around mid-180.00s, down 0.10% for the day, though the downside potential seems limited. The Japanese Yen (JPY) draws some support from speculations that authorities would step in to stem any […]
The EUR/GBP cross holds steady near 0.8790 during the early European session on Tuesday. Markets might turn cautious ahead of the UK government’s Autumn Budget, which is scheduled for Wednesday. The final reading of German Gross Domestic Product (GDP) for the third quarter (Q3) will be released later on Tuesday. UK Chancellor of the Exchequer Rachel Reeves is […]
In the upcoming week, it will be worth monitoring the following three instruments: Bitcoin, USDJPY, and US100. We selected them due to incoming macroeconomic data and their current technical levels. Each is now at a critical point: Bitcoin is fighting to maintain its trend in conditions of low liquidity, USDJPY is reacting to Japan’s largest fiscal […]
EUR/USD edges higher after a flat previous day, trading around 1.1540 during the Asian hours on Friday. Traders await preliminary HOCB Purchasing Managers Index (PMI) data for November from Germany and the Eurozone due later in the day. Focus will be shifted toward the US S&P Global PMI data later in the North American session. The EUR/USD […]
The EUR/JPY cross declines to around 181.40 during the early European session on Friday. The Japanese Yen (JPY) strengthens against the Euro (EUR) in the wake of Japan’s Cabinet approving the 21.3 trillion yen economic stimulus package. Traders await the preliminary reading of HCOB Purchasing Managers Index (PMI) reports from the Eurozone, Germany, and France for fresh impetus. […]
The EUR/GBP cross loses momentum to near 0.8820 during the early European session on Thursday. Nonetheless, the potential downside for the cross might be limited, as weakening UK economic data have increased expectations for a Bank of England (BoE) interest rate cut in December. The German Producer Price Index (PPI) and Eurozone Consumer Confidence reports will be released later on Thursday. […]
The EUR/USD pair extends its losing streak for the fifth trading day on Thursday. The major currency pair slides to near an almost two-week low around 1.1500 during the European trading session. The weakness in the pair is mainly contributed by the strength in the US Dollar (USD), which outperforms its peers amid receding expectations […]
EUR/USD shows marginal gains, trading at 1.1590 at the time of writing on Wednesday after bouncing from the previous day’s lows at 1.1570. Still, the pair remains trapped within previous ranges, with the 1.1600 level capping bulls. The risk-averse sentiment, as global equity markets are selling off, is limiting the US Dollar’s (USD) downside attempts. US […]