EUR/USD Daily Forecast – Euro Remains Under Pressure

EUR/USD is testing the support level at 1.1900.

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18 Jun, 2021
/ 07:37

The Bank of Japan and UK Retail Sales Put the Yen and the Pound in Focus

It’s a relatively quiet day on the economic calendar. With the Pound back at sub-$1.40 against the Dollar, retail sales figures will need to impress to prevent further downside.

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18 Jun, 2021
/ 01:07

EUR/CHF (Euro/Swiss Franc) Relationship Definition

There is a strong correlation between the euro and the Swiss franc (EUR/CHF) currency pair. Find out what it means for forex traders.

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17 Jun, 2021
/ 18:39

EU Commission approves 1.5 bln euro Danish national recovery plan

The European Commission approved on Thursday Denmark's national plan to recover from the pandemic and make the economy greener and more digitalised, worth 1.5 billion euros. The cash will come from money borrowed by the European Commission on the markets and consist only of grants, to be disbursed in instalments until 2026. The Commission's approval now has to be also endorsed by EU finance ministers in July, allowing for the disbursement of 200 million euros to Denmark in pre-financing for projects envisaged by the scheme.

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17 Jun, 2021
/ 14:30

EUR/USD Price Forecast – Euro Reaches Towards 200 EMA

The Euro has fallen rather hard during the trading session on Thursday as we continue to see negative pressure overall. That being said, the 200 day EMA is coming into the picture.

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17 Jun, 2021
/ 13:50

UEFA partners with AntChain to bring Blockchain to Euro 2020

Chinese blockchain platform AntChain has partnered with UEFA to become the official global blockchain partner of UEFA Euro 2020, which is now underway following the delay due to the Covid-19 pandemic.

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17 Jun, 2021
/ 13:46

Gold slumps after hawkish Federal Reserve outlook

The safe-haven asset saw one of its largest drops since January, and was trading at $1,797 in afternoon trade.

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17 Jun, 2021
/ 12:45

EUR/USD Mid-Session Technical Analysis for June 17, 2021

The direction of the EUR/USD on Thursday is likely to be determined by trader reaction to 1.1985.

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17 Jun, 2021
/ 12:29

Pound Falters in Global Payments While Euro Hits Top Spot

(Bloomberg) -- The pound’s popularity in cross-border payments tumbled to its lowest level in more than a decade as the U.K. navigates the post-Brexit landscape, while the euro edged out the dollar for the top spot last month.Sterling’s market share has dropped for four straight months and in May registered the lowest usage since at least 2010, when the Society for Worldwide Interbank Financial Telecommunications started tracking the data. In contrast, the euro overtook the dollar for the first

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17 Jun, 2021
/ 10:59

UPDATE 1-EU Commission approves 30.5 bln euro Greek national recovery plan

The European Commission approved on Thursday Greece's national plan, worth 30.5 billion euros ($36.5 billion), to recover from the pandemic and make the economy greener and more digitalised. The cash will come from money borrowed by the European Commission on the financial markets. "The plan will help Greece build a better future," EU Commission Presideent Ursula von der Leyen said in Athens at a presentation in the agora near the Acropolis, an ancient gathering place for commerce and politics.

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17 Jun, 2021
/ 09:57

Finalized Inflation Figures for the Eurozone Delivers Little EUR Support

Finalized inflation figures for the Eurozone failed to deliver a EUR boost. The EUR remains under pressure following the FOMC’s more hawkish outlook on policy.

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17 Jun, 2021
/ 09:18

EU Commission approves 30.5 bln euro Greek national recovery plan

The European Commission approved on Thursday Greece's national plan to recover from the pandemic and make the economy greener and more digitalised, worth 30.5 billion euros. The cash will come from money borrowed by the European Commission on the markets. The Commission's approval now has to be also endorsed by EU finance ministers in July, allowing for the disbursement of 4 billion euros to Greece in pre-financing for projects envisaged by the scheme.

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17 Jun, 2021
/ 08:00

EUR/USD Daily Forecast – Support At 1.1925 In Sight

EUR/USD declined below the support at 1.1965 and is trying to get to the test of the support level at 1.1925.

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17 Jun, 2021
/ 07:56

Economic Data Puts the EUR and the Greenback in the Spotlight

It’s a relatively busy day on the economic calendar after impressive stats from NZ and Australia. Economic data from the Eurozone and the U.S will be in focus.

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17 Jun, 2021
/ 02:10

Fed Spurs Goldman, Deutsche Bank to Abandon Bullish View on Euro

(Bloomberg) -- The Federal Reserve’s hawkish turn prompted both Goldman Sachs Group Inc. and Deutsche Bank AG to abandon their calls that the euro will rally against the U.S. dollar.The euro dropped as much as 1.1% to 1.1994 per dollar on Wednesday -- the biggest tumble since April 2020 -- after policy makers signaled the Fed would boost interest rates twice by the end of 2023, which surprised markets. Some even forecast a move next year. The currency breached 1.20, which suggests to some trader

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16 Jun, 2021
/ 22:19

EUR/USD Price Forecast – Euro Continues to Tread Water

The Euro has gone back and forth during the trading session on Wednesday as the market continues to hover right around the 50 day EMA.

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16 Jun, 2021
/ 13:18

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

The direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the short-term 50% level at 1.2125.

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16 Jun, 2021
/ 12:02

Morgan Stanley Says Digital Euro Could Deplete Bank Deposits by 8%: Report

Smaller countries such as Greece, Latvia, Lithuania and Estonia would be hit the hardest.

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16 Jun, 2021
/ 08:04

EUR/USD Daily Forecast – U.S. Dollar Is Flat Ahead Of Fed Interest Rate Decision

EUR/USD settled above the 50 EMA and is trying to settle above 1.2130.

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16 Jun, 2021
/ 07:51

Economic Data from China and the UK to Distract the Markets Ahead of the FED

Economic data from China and the UK will keep the markets busy early in the day. The FOMC monetary policy decision and press conference is the main event, however…

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16 Jun, 2021
/ 01:55

Budget airline Wizz falls to half a billion loss after 'most challenging year in history'

The airline 'couldn’t escape the gut-wrenching turbulence the pandemic has caused for the airline industry.'

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02 Jun, 2021
/ 08:52

London-listed Kanabo signs Greek cannabis growing deal

Kanabo will purchase up to 1,000 kg per year of cannabis flowers.

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25 May, 2021
/ 15:11

EU economic growth hit by slow vaccine rollout

The eurozone economy shrank by 0.6% with jobs taking a hit compared with the previous quarter.

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18 May, 2021
/ 10:40

Online vintage clothes store Vinted raises €250m

The funding will help the Lithuanian company expand into new regions.

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12 May, 2021
/ 11:24

Tui bets on Greek and Spanish summer holidays as it crashes to €1.5bn loss

Despite losses, 2.6 million customers have booked holidays with Tui for the summer.

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12 May, 2021
/ 07:49

Spotify hikes prices for UK users

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

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