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    Forex News Update from US , London and Euro

    The direction of the EUR/USD on Friday will likely be determined by trader reaction to the pivot at 1.2068.

    Brought to you by Yahoo! Finance
    07 May, 2021
    / 12:07

    Stats from German delivered mixed results. While industrial production was on the rise, the trade surplus narrowed in March. Next up, U.S nonfarms…

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    07 May, 2021
    / 07:55

    EUR/USD settled above the resistance at 1.2060 and is testing the next resistance at 1.2090.

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    07 May, 2021
    / 07:54

    EUR/USD traded largely flat at 1.2060, having gained 0.5% Thursday, USD/JPY rose 0.1% to 109.16, the risk-sensitive AUD/USD fell 0.2% to 0.7766, while USD/CAD rose 0.2% to 1.2176, having fallen to a 3-1/2-year low of 1.2145 overnight, helped by the Bank of Canada's recent tapering of its asset purchases and its shift to more hawkish guidance. Elsewhere, GBP/USD rose 0.1% to 1.3902, with sterling struggling to post any serious gains despite the Bank of England slowing the pace of its bond-purchasing program at its meeting Thursday.

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    07 May, 2021
    / 02:54

    (Bloomberg) -- Investors in the euro area boosted their net purchases of Chinese assets by nearly 50 billion euros ($60 billion) last year, the most since at least 2006. Data from the European Central Bank show the value of portfolios focused on the Asian nation expanded by more than 45% to 187.6 billion euros at the end of 2020 from a year earlier. China’s securities have become increasingly attractive due to a strengthening yuan, their inclusion in some major index compilers’ flagship gauges and a speedy economic recovery from the coronavirus pandemic.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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    06 May, 2021
    / 23:01

    (updates with settlement prices and outlook)

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    06 May, 2021
    / 15:16

    The Euro bounced significantly from the 1.20 level, an area that obviously would attract a lot of attention.

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    06 May, 2021
    / 13:48

    The early price action suggests the direction of the EUR/USD on Wednesday will be determined by trader reaction to 1.2038 and 1.2068.

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    06 May, 2021
    / 12:48

    Factory orders from Germany impress, delivering EUR support. Eurozone retail sales figures and stats from the U.S will also influence later today.

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    06 May, 2021
    / 07:43

    EUR/USD received strong support at the 50 EMA and is trying to get back above the 20 EMA.

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    06 May, 2021
    / 07:42

    Economic data from the Eurozone and the U.S will be in focus today. On the monetary policy front, the BoE will deliver direction for the Pound.

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    06 May, 2021
    / 01:17

    EUR/USD Current Price: 1.2012 USD dollar advanced despite lower equities and retreating US Treasury yields. US Treasury Secretary Janet Yellen said that rates might rise to prevent overheating the economy. EUR/USD is under pressure and near a critical Fibonacci support level at 1.1980. The EUR/USD pair edged marginally lower, ending the day around 1.2010 after hitting a daily low of 1.1998. The American dollar has strengthened against most of its major rivals, despite fluctuating stocks behavior. European indexes firmed up for most of the session, leading to gains in US futures, but there was a sudden U-turn ahead of Wall Street’s opening that led to substantial losses in European and American stocks. Wall Street bounced off intraday lows, reached after US Treasury Secretary Janet Yellen said that at some point, “interest rates will have to rise somewhat to make sure that our economy doesn't overheat.” The US published the March Goods Trade Balance, which posted a deficit of $ 91.6 billion and Factory Orders for the same month that advanced a modest 1.1%, missing the market’s expectations. May IBD/TIPP Economic Optimism came in at 54.4, down from 56.4 in the previous month. The macroeconomic calendar will include on Wednesday the Markit Services PMIs for the EU and the US. The latter will publish the ISM Services PMI, foreseen at 64.3 from 63.7 previously. EUR/USD Short-Term Technical Outlook The EUR/USD pair is at risk of falling further. The 4-hour chart shows that it has been unable to recover above its 100 SMA once below it, while the 20 SMA extended its slide above the longer one. Technical indicators have bounced from near oversold readings but remain well into negative levels, with the RSI flat at around 41, a sign of decreased buying interest. The 38.2% retracement of the latest bullish run comes at 1.1980, with a break below it opening the door for a steeper decline. Support levels: 1.1980 1.1930 1.1875 Resistance levels: 1.2045 1.2090 1.2130 View Live Chart for the EUR/USD Image Sourced from Pixabay See more from BenzingaClick here for options trades from BenzingaAUD/USD Pressures Daily Highs Amid Substantial Gains In Equities And GoldEUR/USD Bullish Potential Is Limited© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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    05 May, 2021
    / 14:28

    The Euro has gone back and forth to test the 1.20 handle, as we continue to see a lot of choppy behavior in the Forex markets.

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    05 May, 2021
    / 13:59

    The direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to 1.2015.

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    05 May, 2021
    / 11:44

    Italy’s Prime Minister Mario Draghi is winning critics over with a bold EUR 261bn growth plan, but the country’s public debt will reach new highs. With the ECB managing borrowing costs, have the goalposts for debt sustainability shifted?

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    05 May, 2021
    / 08:23

    EUR/USD settled below the 20 EMA and is trying to settle below the support at 1.1990.

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    05 May, 2021
    / 07:52

    The bounce was partly sparked by comments from U.S. Treasury Secretary Janet Yellen that rate hikes may be needed to stop the economy overheating. Yellen later downplayed their importance, but even the slightest mention of U.S. tightening has an outsized impact in markets that have become so dependent on monetary stimulus.

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    05 May, 2021
    / 05:16

    It’s a busier day ahead on the economic calendar. Service sector PMIs from the Eurozone, the UK, and the U.S will be in focus. From the U.S, ADMP nonfarm figures will also draw interest.

    Brought to you by Yahoo! Finance
    05 May, 2021
    / 03:44

    "If sustained, this could suggest today's session may be important for near-term direction, particularly if EURUSD managed to close below the key $1.20 pivot," said Ned Rumpeltin, European head of FX strategy at TD Securities. The bounce was partly sparked by comments from U.S. Treasury Secretary Janet Yellen that rate hikes may be needed to stop the economy overheating. Yellen later downplayed their importance, but even the slightest mention of U.S. tightening has an outsized impact in markets that have become so dependent on monetary stimulus.

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    05 May, 2021
    / 00:03

    Trader reaction to 1.2038 will set the tone into the close.

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    04 May, 2021
    / 19:27

    Beginning on 30 April in the UK, the price for Spotify's student plan will rise to £5.99 per month.

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    27 Apr, 2021
    / 15:51

    Lockdown restrictions and a slow EU rollout of the COVID vaccine means in 2022 it will just about break even.

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    07 Apr, 2021
    / 07:45

    Study find cash is still regarded as as a 'store of value' and a 'safe haven' even as the use of cards to make payments has risen.

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    01 Apr, 2021
    / 13:14

    The fund provides grants to researchers, fact-checkers, not-for-profits and other public interest-oriented organisations working on 'disinformation research.'

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    31 Mar, 2021
    / 11:20

    Coronavirus is still a market mover, with fresh lockdowns being imposed across European nations and the problematic issue of vaccine supply very much still on officials desks.

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    28 Mar, 2021
    / 09:15

    Euro gained against the Great British Pound and the US Dollar today as German ZEW Economic Sentiment and European ZEW Economic Sentiment data were very positive, despite the prolongation of restrictions in Europe until mid-February.

    Brought to you by Yahoo! Finance
    19 Jan, 2021
    / 16:14

    At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 92.597. EUR/USD climbed 0.1% to 1.1848, USD/JPY fell 0.1% to 104.53, while the risk sensitive AUD/USD rose 0.3% to 0.7287.

    Brought to you by Yahoo! Finance
    16 Nov, 2020
    / 02:54

    Trump once again shook the market with his Friday Tweet regarding the Stimulus bill where he wanted the deal to be completed ASAP, as a result, Gold and other commodities surged while the US Dollar Index plummeted.

    Brought to you by Yahoo! Finance
    11 Oct, 2020
    / 14:07

    By Geoffrey Smith

    Brought to you by Yahoo! Finance
    01 Oct, 2020
    / 06:34

    By Geoffrey Smith

    Brought to you by Yahoo! Finance
    28 Sep, 2020
    / 07:02

    News that AstraZeneca (NYSE:AZN) has resumed late-stage trials of its Covid-19 vaccine candidate, coupled with Pfizer (NYSE:PFE) CEO Albert Bourla saying its candidate has a “good chance” of submitting key data from late-stage trials by the end of October, has created a more positive attitude to risk, hitting the dollar. “Despite its profound fall in the past few days, we expect the pressure on GBP to continue building ... as until-recently complacent investors adjust to the new reality of a heightened no-deal Brexit risk and start/continue building GBP shorts,” ING added.

    Brought to you by Yahoo! Finance
    14 Sep, 2020
    / 02:56

    By Geoffrey Smith and Peter Nurse

    Brought to you by Yahoo! Finance
    12 Sep, 2020
    / 07:19

    At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 93.090, with EUR/USD up 0.2% at 1.1829. The euro has pushed higher, helped by Bloomberg News reporting that ECB officials are growing more confident in the bloc's economic outlook. With this in mind, traders will be following this ECB meeting closely.

    Brought to you by Yahoo! Finance
    10 Sep, 2020
    / 02:53

    The dollar gained in early European trade Wednesday, with the sharp selloff in U.S. equity markets prompting traders to ditch riskier currencies in favor of the world's reserve currency. "The tech selloff has caught the market by surprise and it is a bit jittery as to whether there are broader implications," said Bank of Singapore currency analyst Moh Siong Sim, in a Reuters report. EUR/USD slipped 0.1% to 1.1768, continuing to retreat from the 1.20 level it briefly touched last week before European Central Bank chief economist Philip Lane’s comments that the exchange rate mattered to monetary policy.

    Brought to you by Yahoo! Finance
    09 Sep, 2020
    / 02:58

    GBP continues to drop as UK aims to close the deal by October 15, though EU doesn’t want to accept trade deals. Boris Johnson said that London is ready for trade relations with the European Union in accordance with WTO norms, if the parties fail to come to an agreement that would suit the British side.

    Brought to you by Yahoo! Finance
    08 Sep, 2020
    / 09:44

    EUR/GBP is building a range above the 21 ema zone (green box) after breaking above the resistance trend lines.

    Brought to you by Yahoo! Finance
    14 Aug, 2020
    / 05:34

    By Geoffrey Smith

    Brought to you by Yahoo! Finance
    12 Aug, 2020
    / 06:38

    By Geoffrey Smith

    Brought to you by Yahoo! Finance
    06 Aug, 2020
    / 06:33

    It has been the same old story with Brexit over the past few months, with the clock dangerously ticking to a year-end deadline for a new post-Brexit deal to replace almost 50 years of integration.

    Brought to you by Yahoo! Finance
    21 Jul, 2020
    / 10:07

    The dollar has strengthened in early European trade Monday, with investors seeking out this safe haven after the Covid-19 outbreak forced the biggest reversal of U.S. economic reopening to date and the U.S. and China squared off over territorial disputes in the South China Sea. The number of Covid-19 cases globally has now passed the 13 million mark, according to Johns Hopkins University data, jumping by one million cases over the last five days. This has resulted in demand for the dollar as hopes of a quick economic recovery fall, with some countries, including the U.S., re-imposing lockdown measures to curb the spread of the virus.

    Brought to you by Yahoo! Finance
    14 Jul, 2020
    / 03:03

    Capitaland smoothed line chart