EUR/USD Current price: 1.1596 Financial markets are in a better mood amid solid Q3 earnings reports in the US. US Treasury yields stand at the lower end of their weekly range, weighing on the USD. EUR/USD is at risk of resuming its decline and reaching fresh 2021 lows. The EUR/USD pair retreated from a fresh weekly high of 1.1623, now trading in the 1.1590 price zone. The American currency is down across the board, as US government bond yields remain depressed, although it is up against the EUR
The Euro has gone back and forth during the course of the week showing even more confusion in this general vicinity. It looks as if the 1.16 level continues to be a bit of a magnet for price.
The Euro has rallied a bit during the course of the trading session on Friday but gave up gains above the 1.16 level yet again.
The EUR/USD pair is battling around the 1.1600 level as the greenback recovers following the rebound of the US Treasury yields over the past few hours.
The euro zone's unadjusted trade surplus was much smaller then expected in August as the bloc had to pay much more for imported energy, data showed on Friday. The European Union's statistics office Eurostat said the external trade surplus of the 19 countries sharing the euro was 4.8 billion euros in August compared to 14.0 billion euros a year earlier. Economists polled by Reuters had expected a 16.1 billion euro surplus.
It’s a relatively busy day on the economic calendar, with stats from the Eurozone and Canada in focus. U.S retail sales and consumer sentiment will be key, however.
EUR/USD Current price: 1.1588 US inflation was upwardly revised to 5.4% YoY in September, core confirmed at 4%. FOMC Meeting Minutes were signalling a gradual reduction in the pace of asset purchases. EUR/USD holds on to intraday gains just below the 1.1600 figure. The EUR/USD pair recovered from a fresh 2021 low of 1.1523 posted in the Asian session, as the dollar suffered a major setback on the back of plummeting US government bond yields. The pair neared the 1.1600 price zone, holding nearby
The EUR/USD pair is rallying for the first time this week as the greenback gets weaker thanks to the FOMC minutes released yesterday indicating a November/ December taper by the Federal Reserve.
The Euro has rallied a bit during the course of the trading session on Thursday but gave back quite a bit of the gains just above the 1.16 level. At this point, we are testing a major resistance barrier.
The direction of the EUR/USD on Thursday is likely to be determined by trader reaction to 1.1582.
It’s a quieter day ahead on the economic calendar. Early this morning, inflation figures from China will draw attention ahead of U.S jobless claims later in the day.
The direction of the EUR/USD into the close on Wednesday will be determined by trader reaction to 1.1582.
EUR/USD Current price: 1.1530 German ZEW survey showed that Economic Sentiment contracted for a fifth consecutive month. US Federal Reserve officials are hinting at soon-to-come tapering once again. EUR/USD has room to accelerate its slump once below 1.1520. The EUR/USD pair pierced its former 2021 low mid-US afternoon and trades near a fresh one of 1.1524. The American dollar gathered momentum during US trading hours, helped by comments from US Federal Reserve officials aligned with soon-to-com
The CPI numbers came out of the United States showing signs of trending inflation, which has driven the US dollar higher, especially against the hapless Euro.
The EUR/USD pair has turned bullish after the Euro’s poor performance earlier this week and could surge higher in the coming hours if the market condition persists.
Euro zone industrial production dipped month-on-month as expected in August, data showed on Wednesday, but turned out stronger than forecast year-on-year thanks to a jump in output of non-durable consumer goods. The European Union's statistics office Eurostat said industrial production in the 19 countries sharing the euro fell 1.6% month-on-month in August for a 5.1% year-on-year increase. The biggest falls in monthly output were in capital goods, down 3.9%, and durable consumer goods, down 3.4%.
In a currency pair, the first currency is called the base currency and the second is the quote currency, longtime convention for EUR/USD forex trade.
By Sam Boughedda
EUR/USD Current price: 1.1559 Worrisome news coming from China undermined the market’s mood. ECB Philip Lane backed calibrating the monetary policy to reach the 2% inflation target. EUR/USD consolidating near 2021 low and at risk of falling further. The EUR/USD pair trades around 1.1560, marginally lower when compared to Friday’s close. Market participants struggled for directional hints in a slow start of the week. Worrisome headlines coming from China put a cap to Friday stocks’ rally. Once ag
The direction of the EUR/USD the rest of the session on Tuesday is likely to be determined by trader reaction to 1.1585.