EUR/USD

EUR/USD Current Price: 1.1860 US to publish the August Nonfarm Payroll report this Friday. Services output in the EU weaker than initially estimated, according to Markit. EUR/USD is holding on to its bearish bias despite bouncing from daily lows. The EUR/USD pair slid to a fresh weekly low...

EUR/USD Current Price: 1.1832 ECB’s Committee member Lane said that the “euro-dollar rate does matter." The US ADP survey showed that the private sector added 428k new positions in August. EUR/USD turned bearish, and it seems poised to test a relevant support area around 1.1760...

EUR/USD Current Price: 1.1906 US ISM Manufacturing PMI surged to 56 in August providing support to the greenback. Business activity in the EU barely holding in expansion territory, according to Markit. EUR/USD retreated after testing the critical 1.2000 level, retains its bullish stance. The EUR...

EUR/USD Current Price: 1.1934 Fed’s Clarida dismissed once again negative rates and higher rates on falling unemployment. German inflation contracted in August, according to preliminary estimates. EUR/USD is trading near its year high and is set to keep on rallying. The American dollar...

By mid-August the euro (EUR) rose to its highest level against the US dollar (USD) since May 2018 (Figure 1).  There are several possible reasons for EUR’s strength: Europe continues to enact fiscal stimulus measures. Uncertainty over outcomes of the US elections in November. Negative...

EUR/USD Current Price: 1.1823 US Federal Reserve’s Powell introduced a monetary policy shift towards target average inflation. Wall Street was unable to hold on to early gains, but Treasury yields reached weekly highs. EUR/USD is neutral around 1.1820, could turn bearish below 1.1750. The...

EUR/USD Current Price: 1.1835 German data resulted better than anticipated lending temporal support to the EUR. US Consumer Confidence plunged to a new pandemic low of 84.8 in August, according to CB. EUR/USD is technically neutral, but the risk skews to the downside. The EUR/USD pair is ending...

EUR/USD Current Price: 1.1788 Risk appetite led the way at the beginning of the week, Wall Street flirted with record highs. The US FDA approved the use of convalescent plasma to treat severe coronavirus cases. EUR/USD failed to regain the upside, struggles to retain the 1.1800 level. The EUR/...

EUR/USD Current Price: 1.1853 US employment-related data missed the market’s expectat6ons, hints a worsening situation. Markit will publish this Friday the preliminary estimates of its August PMIs. EUR/USD at risk of losing the 1.1800 level despite the intraday bounce. The dollar pared its...

EUR/USD Current Price: 1.1867 Market players started the week with a cautious mood, concerned about the economic future. The macroeconomic calendar will be scarce for Europe and the US until the end of the week. EUR/USD keeps posting higher highs and en route to test the year high at 1.1915. The...

EUR/USD Current Price: 1.1800 US Initial Jobless Claims fell below 1 million in the week ended August 7. This Friday, the US will unveil July Retail Sales and the Michigan Consumer Confidence Index. EUR/USD retreated from a fresh weekly high, bearish potential limited. The EUR/USD pair has...

EUR/USD Current Price: 1.1740 The dollar strengthened after US President Trump signed executive orders on fiscal relief. Upbeat US data fell short of supporting the EU, the focus shifts to the ZEW Survey. EUR/USD bearish momentum could accelerate on a break below 1.1740. The greenback advanced...

EUR/USD Current Price: 1.1875 German Factory Orders improved by more than anticipated in June. US employment data mixed ahead of the Nonfarm Payroll report. EUR/USD maintains its bullish tone, up for a seventh consecutive week. The EUR/USD pair has surged to 1.1915 this Thursday, its highest in...

EUR/USD Current Price: 1.1762 The US ISM Manufacturing PMI surged to 54.2 in July, much better than anticipated. The European Markit Manufacturing PMIs were upwardly revised in July final versions. EUR/USD bearish potential remains well limited by lack of interest in the greenback. The American...

EUR/USD retreats from the 1.1370 as market sentiment deteriorates. US Initial Jobless Claims came in better than expected but were largely ignored. The pair needs to hold above 20-day SMA to keep focus on the upside. After reaching a fresh four-week high during the Asian session at 1.1370, EUR/...