EUR/USD

Key Points: The optimism seen at the begging of the week faded with coronavirus-related headlines. Focus this Wednesday on the EU Commission Economic Growth Forecasts. EUR/USD retains a mildly positive technical stance in the short-term. The EUR/USD pair is finishing Tuesday a handful of pips...

EUR/USD Current Price: 1.1310 EU Sentix Investor Confidence plunged to -18.2 in July, missing the market’s expectations. The US  ISM Non-Manufacturing PMI jumped to 57.1 in June from 45.4 in the previous month. EUR/USD is holding on to higher ground but faltered around a strong static...

Key Points: Markit reported better-than-anticipated PMIs in June, reviving hopes of an economic recovery. Equities rallied after the US government reaffirmed its trade deal with China. EUR/USD bullish after extending its recovery above the 23.6% retracement of its latest daily run. The greenback...

EUR/USD Current Price: 1.1255 EU Consumer Confidence improved to -14.7 in June, according to preliminary estimates. Wall Street advanced and weighed on the dollar, despite rising concerns rising coronavirus cases in the US. EUR/USD is trading between  Fibonacci levels, bullish potential...

EUR/USD Current Price: 1.1207 Rising cases of coronavirus in the US and outbreaks in other countries sounded the alarms. US Initial Jobless Claims hit 1.5 million in the week ended June 12. EUR/USD is bearish in the short-term trades at fresh two-week lows. The EUR/USD pair has extended its...

US Retail Sales soared in May, while Fed’s chief Powell cooled down corporate bond-buying expectations. The number of new coronavirus cases in the US rising at an alarming pace, Beijing also reported a new peak. EUR/USD retreated from highs, with increased bearish potential in the short-term...

EUR/USD Current Price: 1.1318 Fears of a second wave of coronavirus contagions weighed on the market’s mood. German ZEW survey expected to show a bounce in business sentiment in June. EUR/USD bullish potential limited in the short-term as long as below 1.1310. The week started with...

EUR/USD Current Price: 1.1294 Risk-aversion took over as the Fed sees a long path towards recovery. US Initial Jobless Claims hit 1.54 million in the week ended June 5. EUR/USD is losing its bullish stance and about to pierce the 1.1300 figure. The EUR/USD pair has spent this Thursday...

EUR/USD Current Price: 1.1341 Equities retreated from their recent highs, but the dollar couldn’t benefit from the dismal mood. The U.S. Federal Reserve is expected to maintain its monetary policy unchanged, focus on the dot-plot. EUR/USD is nearing the multi-week high at 1.1384 posted after...

EUR/USD Current Price: 1.1301 Easing concerns about global growth and riots in the US kept the dollar pressured. Wall Street remained in the green reflecting the prevalent optimism. EUR/USD held above the 23.6% retracement of the latest daily run. The EUR/USD pair is closing this first day of...

EUR/USD Current Price: 1.1336 The ECB expanded its coronavirus-related stimulus program by €600 billion. US employment data suggest the Nonfarm Payroll report will post another outrageous month. EUR/USD bullish despite overbought, profit-taking possible ahead of the weekend. The EUR/USD has...

EUR/USD Current Price: 1.1240 The US ADP Survey showed that the private sector lost 2.76 million jobs in May. The European Central Bank will likely expand its stimulus program to support the economy. EUR/USD bullish potential intact, but the risk of a bearish corrective movement increased....

EUR/USD Current Price: 1.1091 Total US unemployment claims since mid-March surpassed 40 million. Hopes on economic recoveries an EU’s aid fund kept the mood upbeat. EUR/USD technical breakout supports a continued advance heading into the weekend. The EUR/USD pair surged to a fresh 2-month...

EUR/USD Current Price: 1.0954 Mounting tensions between the US and China weighed on the market’s mood. Markit preliminary estimates for business output were better than anticipated but remained in contraction territory. EUR/USD continues to post higher highs daily basis, its bearish...

European economic sentiment improved in May according to the ZEW Survey. The market’s sentiment somehow deteriorated after an optimistic Monday. EUR/USD holding on to most of its weekly gains bears side-lined. The EUR/USD pair is ending Tuesday with modest gains, after trading as high as 1...