EUR/USD bulls went on the offensive last week, adding more than 160 points out of a long-standing demand area at 1.1119-1.1295.
23
Jun
2019
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21
Jun
2019
Friday 21st June: Increased demand for safe-haven assets as the dollar continues to grind south.
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Key risk events: French Flash Services PMI; French Flash Manufacturing PMI; German Flash Manufacturing PMI; German Flash Services PMI; EUR Flash Manufacturing PMI; EUR Flash Services PMI; US Flash Manufacturing PMI; FOMC Member Brainard Speaks; UK Public Sector Net Borrowing; MPC Member Tenreyro Speaks; Canadian Core Retail Sales m/m; Canadian Retail Sales m/m. EUR/USD: Firmly … Continue reading Friday 21st June: Increased demand for safe-haven assets as the dollar continues to grind south.
20
Jun
2019
Thursday 20th June: Dollar index on defensive after Fed signals readiness to cut rates; trades sub 97.00.
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EUR/USD: The single currency rose higher against its US counterpart Wednesday in the aftermath of the FOMC. The central bank left rates unchanged between 2.25-2.50%, as expected, though tweaked the language in its statement to reflect a more dovish stance. Erasing Draghi-induced losses, the candles gravitated to a high of 1.1254. H4 price, after engulfing … Continue reading Thursday 20th June: Dollar index on defensive after Fed signals readiness to cut rates; trades sub 97.00.
19
Jun
2019
Wednesday 19th June: Dollar index trades at weekly resistance 97.72 ahead of today’s crucial FOMC meeting.
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EUR/USD: The euro witnessed a reasonably robust decline vs. its US counterpart Tuesday, following ECB’s President Draghi opening the door for further monetary stimulus, as well as the ZEW Indicator of economic sentiment for Germany decreasing sharply in June 2019 – stands at -21.1 points. For folks who read Tuesday’s technical report you may recall … Continue reading Wednesday 19th June: Dollar index trades at weekly resistance 97.72 ahead of today’s crucial FOMC meeting.
18
Jun
2019
Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.
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EUR/USD: The single currency was uninspired Monday, with action likely restricted throughout the markets ahead of the Fed’s decision later this week. As is evident from the H4 setting this morning, the candles remain engaged with the 1.12/1.1221 neighbourhood (comprised of April and May’s opening levels at 1.1221 and 1.1211, the round number 1.12 and … Continue reading Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.