EUR/USD Price Forecast – Euro Showing Signs of a Pullback

The Euro initially shot higher during the trading session on Tuesday but gave back the gains a bit as it looks like we are starting to run into a little bit of noise.

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20 Apr, 2021
/ 13:40

FOREX-Dollar steadies near seven-week lows; euro holds above $1.20

The moves are a reverse of what happened in the first quarter of the year, when the dollar strengthened as U.S. Treasury yields rose, offering higher returns on the greenback. At 1158 GMT, the dollar index was flat on the day at 91.043, after hitting a low of 90.877 during the Asian session. The euro was up 0.2% at $1.2056 - its highest in nearly seven weeks - after having passed the key $1.20 in the previous session.

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20 Apr, 2021
/ 12:28

EUR/USD Mid-Session Technical Analysis for April 20, 2021

The direction of the EUR/USD on Tuesday is likely to be determined by trader reaction to the short-term Fibonacci level at 1.2037.

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20 Apr, 2021
/ 11:54

Germany’s Producer Price Index Points to a Further Pickup in Inflation

Wholesale inflation figures from Germany point to a further pickup in inflationary pressure going into the second quarter, which was aligned with recent PMI survey responses.

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20 Apr, 2021
/ 09:48

EUR/USD Daily Forecast – Euro Stays Strong Against U.S. Dollar

EUR/USD settled above the resistance at 1.2040 and is testing the next resistance level at 1.2060.

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20 Apr, 2021
/ 07:58

FOREX-Vaccine hopes boost euro; dollar dips amid subdued U.S. yields

* Euro supported as Europe closes gap with U.S. vaccine drive * Dollar skids after Treasury yields retreat from 14-month peaks * Euro, yen at highest level versus dollar since early March * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Hideyuki Sano and Kevin Buckland TOKYO, April 20 (Reuters) - The dollar sank to a fresh 6-1/2-week low against major peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region's vaccination programme. The dollar had already been losing traction as U.S. bond yields retreated from a 14-month peak touched last month, reducing the greenback's yield allure.

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20 Apr, 2021
/ 05:17

Economic Data from the UK to Put the Pound in Focus…

It’s another quiet day on the economic calendar. Employment figures from the UK will put the Pound in focus later today, however.

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20 Apr, 2021
/ 02:02

FOREX-Vaccine hopes boost euro, dollar on back foot as yields off highs

The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region's vaccination programme. The dollar had already been losing traction as U.S. bond yields have hovered below a 14-month peak touched last month, reducing the greenback's yield attraction.

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20 Apr, 2021
/ 01:24

EUR/USD Price Forecast – Euro Breaks Big Figure

The Euro broke above the one point to zero level during the trading session on Monday to kick off the week on a bullish foot.

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19 Apr, 2021
/ 13:30

ECB finds top euro zone banks underreport risk

Large euro zone banks have been underreporting their risky assets by 275 billion euros by using their own models to quantify potential losses, the European Central Bank said on Monday. Since the 2008 financial crisis, regulators around the world have been picking apart the internal models that large banks use to calculate how much risk is on their balance sheet and, in turn, how much capital they need. A five-year review by the ECB found that the euro zone's top banks had undercounted their risk-weighted assets by 275 billion euros, or 12%, for example by underestimating losses in cases where a borrower goes bust.

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19 Apr, 2021
/ 09:07

EUR/USD Daily Forecast – Support At 1.1965 Stays Strong

EUR/USD tested support at 1.1965 but did not manage to develop sufficient downside momentum.

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19 Apr, 2021
/ 07:39

Euro zone bond yields steady as market spotlight turns to ECB

Euro zone government bond yields were broadly steady on Monday, with markets largely on hold ahead of this week's European Central Bank meeting. However, significant moves were likely to be limited ahead of Thursday's European Central Bank meeting. The ECB has stepped up the pace of bond buying in its Pandemic Emergency Purchase Programme since the March meeting to contain a rise in borrowing costs that could derail the recovery.

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19 Apr, 2021
/ 07:29

EUR/USD Forex Technical Analysis – Could Be Setting Up for Pullback into 1.1888 or Lower

The direction of the EUR/USD on Monday is likely to be determined by trader reaction to the 50% level at 1.1976.

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19 Apr, 2021
/ 04:54

A Light Economic Calendar Leaves COVID-19 and Geopolitics in Focus

It’s a quiet day ahead on the economic calendar. There are no material stats to consider, leaving geopolitics and COVID-19 and vaccine news in focus

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19 Apr, 2021
/ 02:04

UPDATE 1-Sterling reverses course vs euro, on track for weekly gains

The pound rose against the euro on Friday reversing early losses, and was set for weekly gains against the common currency as traders weighed how the re-opening of Britain's economy would affect its recovery. After a strong first quarter, helped by a speedy roll-out of COVID-19 vaccinations across Britain and by dwindling expectations of negative interest rates, sterling had a weaker start to April, hurt by profit-taking. In early London trading, the pound fell versus the euro to 87.18 pence, its lowest level since Feb. 26, but it recovered some ground and was up 0.2% at 86.65 pence at 1600 GMT.

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16 Apr, 2021
/ 16:23

EUR/USD Weekly Price Forecast – The Euro Continues to Reach Towards the 1.20 Handle

The Euro rallied significantly during the course of the trading to reach towards the 1.20 handle again.

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16 Apr, 2021
/ 14:33

EUR/USD Price Forecast – Euro Continues to Flirt With 1.20

The Euro has rallied again during the course of the trading session on Friday, with the 1.20 level being significant resistance again.

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16 Apr, 2021
/ 13:27

EUR/USD Mid-Session Technical Analysis for April 16, 2021

The direction of the EUR/USD on Friday is likely to be determined by trader reaction to the 50% level at 1.1976.

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16 Apr, 2021
/ 11:06

UPDATE 1-Sterling slips vs euro ahead of May Scottish election

The pound fell against the euro on Friday to its lowest in seven weeks and was on track for its second consecutive week of losses against the common currency, with analysts attributing the fall partly to an upcoming Scottish parliamentary election. After a strong first quarter, helped by a speedy rollout of vaccinations against COVID-19 across the United Kingdom and by dwindling expectations of negative interest rates, sterling had a weaker start to April. While traders weighed indications of how Britain's re-opening of shops would affect the economic recovery, they also said investors had turned more cautious ahead of the Scottish parliamentary election on May 6.

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16 Apr, 2021
/ 10:48

Sterling falls vs euro to 7-week low ahead of Scottish election

The pound slipped against the euro on Friday to its lowest level in seven weeks and was on track for its second consecutive week of losses against the common currency, with analysts attributing the fall partly to an upcoming Scottish parliamentary election. After a strong first quarter, helped by a speedy rollout of vaccinations against COVID-19 across the United Kingdom and by dwindling expectations of negative interest rates, sterling had a weaker start to April. While traders weighed indications of how Britain's re-opening of shops would affect the economic recovery, they also said investors had turned more cautious ahead of the Scottish parliamentary election on May 6.

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16 Apr, 2021
/ 09:01

Ryanair warns it will only breakeven in 2022 as outlook darkens

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

Cash still 'king' despite rise of contactless payments

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

Google to give €25m to EU fund to 'fight misinformation'

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

Week ahead: UK GDP, EU inflation, Biden's $3trn infrastructure plan

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

EURGBP Analysis – Can the Last Support Once Again Save Euro from Plummeting

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.

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19 Jan, 2021
/ 16:14

Dollar Weakens; Risk Sentiment Helped by Strong Data

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.

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16 Nov, 2020
/ 02:54

EURGBP Analysis Ahead of Fishy Brexit Talks

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.

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11 Oct, 2020
/ 14:07

Stimulus Hopes, Jobless Claims and Bank Stocks - What's up in Markets on Thursday

By Geoffrey Smith

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01 Oct, 2020
/ 06:34

Stocks Jump, Trump's Tax and Uber Licenses: What's up in Markets on Monday

By Geoffrey Smith

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28 Sep, 2020
/ 07:02

Dollar Edges Lower; Sterling Rebounds After Sharp Selloff

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.

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14 Sep, 2020
/ 02:56

Point/Counterpoint: The Case for the Pound

By Geoffrey Smith and Peter Nurse

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12 Sep, 2020
/ 07:19

Dollar Weakens, Euro Gains Ahead of ECB Meeting

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.

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10 Sep, 2020
/ 02:53

Dollar Gains From Tech Stocks Turmoil; Sterling Weakens

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.

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09 Sep, 2020
/ 02:58

New Brexit Talks Hits GBP

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.

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08 Sep, 2020
/ 09:44

EUR/GBP Reversal Prepares for Bullish Break Above 0.9050

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

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14 Aug, 2020
/ 05:34

Top 5 Things to Know in the Market on Wednesday, August 12th

By Geoffrey Smith

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12 Aug, 2020
/ 06:38

Top 5 Things to Know in the Market on Thursday, August 6th

By Geoffrey Smith

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06 Aug, 2020
/ 06:33

Pound Braces for Drama as Brexit Talks Resume

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.

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21 Jul, 2020
/ 10:07

Dollar Heads Higher; Sterling Slips on GDP Release

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.

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14 Jul, 2020
/ 03:03

Dollar Heads Lower Ahead of Jobless Data; Global Growth Eyed

Elsewhere, the USD/CNY pair slid 0.2% to 6.9878. The yuan was boosted by better-than expected inflation data for June, with producer prices falling 3% year-on-year. The drop in the PPI was smaller compared with the previous month’s drop of 3.7% and the 3.2% drop analysts had generally forecast. However, the pair is being supported most by the rally in Chinese stocks, which continued for an eighth straight day on Thursday.

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09 Jul, 2020
/ 02:56