EURUSD=X - EUR/USD
| Previous close | 1.141 |
| Open | 1.14 |
| Bid | 1.143 |
| Day's range | 1.139 - 1.145 |
| 52-week range | 1.0655 - 1.1496 |
| Ask | 1.142 |
- Reuters
Sterling above $1.26 as dollar falls, steady vs euro
After gross domestic product data for May rose by a smaller amount than expected, investors question whether the already announced fiscal stimulus measures will be enough to prop up the economy, expecting the Bank of England to increase its quantitative easing program and lower interest rates further. Britain's 5-year government bond yields fell last week below zero <GB5YT=RR> and "more subdued recovery in the UK will see market rates go more negative over the coming weeks," Halpenny estimated.
- Investing.com
Stocks - Europe Higher; Vaccine and Recovery Fund Hopes Help
European stock markets traded higher Wednesday, with investors buoyed by optimism about a coronavirus vaccine as well as the chance a key EU summit will lead to more stimulus. Helping the positive tone was the news that the first Covid-19 vaccine tested in people has shown promising early results. U.S. biotech firm Moderna 's (NASDAQ:MRNA experimental Covid-19 vaccine was declared safe and generated “robust” immune responses in all 45 volunteers taking part in the study, according to early-stage human trial results published in the New England Journal of Medicine on Tuesday.
- Reuters
Vaccine hopes give global stocks, euro and oil shot in the arm
Asia had a choppy session after more barbs between Beijing and Washington over Hong Kong, but near 1% gains for London, Frankfurt, Paris and Milan early on and a rise in Wall Street futures blew away any caution. An experimental vaccine for COVID-19 produced by the U.S. company Moderna provoked safe immune responses in all 45 healthy volunteers, an early-stage study showed on Tuesday. Uncertainty remained over how quickly an effective and rapidly available vaccine could be found, said David Miller, investment director at Quilter Cheviot Investment Management, but there was a supportive backdrop for markets.
- Investing.com
Stocks - Europe Seen Higher; Vaccine News Helps
TomTom (AS:TOM2) posted a net loss for the second quarter of 2020, but the Dutch navigational-technologies company added its operational revenue was on track to recover from the lows it experienced in April due to the coronavirus pandemic.
- Reuters
Vaccine hopes give stocks, euro and oil shot in the arm
Asia had a choppy session after more barbs between Beijing and Washington over Hong Kong, but near 1% gains for London <.FTSE>, Frankfurt <.GDAXI>, Paris <.FCHE> and Milan <.FTMIB> early on and a rise in Wall Street futures blew away any caution. An experimental vaccine for COVID-19 produced by the U.S. company Moderna <MRNA.O> provoked safe immune responses in all 45 healthy volunteers, an early-stage study showed on Tuesday. Uncertainty remained over how quickly an effective and rapidly available vaccine could be found, said David Miller, investment director at Quilter Cheviot Investment Management, but there was a supportive backdrop for markets.
- FX Empire
EUR/USD Price Forecast – Euro Facing Massive Resistance Above
Euro has rallied again after dipping on Tuesday, but the 1.14 level continues to be difficult to overcome. I believe that we continue to see chop and a grind.
- Investing.com
Europe's Grip on Covid Outbreak Gives Euro Edge Over Dollar, Experts Say
By Yasin Ebrahim
- FX Empire
EUR/USD Daily Forecast – Euro Grinds Higher Within Broader Range
EUR/USD is attempting to print a third consecutive day of gains and is trading near highs not seen in over a month as the dollar continues to push lower.
- Yahoo Finance UK
What to watch: 'Promising' UK retail sales, weak GDP and DFS woes
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
- FX Empire
EUR/USD Major Range in Play no Breakout Yet
The EUR/USD is fully rangebound. We can see that the price is going sideways in the form of rectangle which indicates no real trend.
- FX Empire
EUR/AUD Long-term Bullish Break Aims at 1.69 Target
EUR/AUD broke above the long-term key resistance trend line (orange line). This could indicate a major bullish reversal.
- Investing.com
Stocks - Europe Weakens; UK GDP Data Weighs
Elsewhere, gold futures fell 0.7% to $1,801.45/oz, while EUR/USD traded at 1.1333, down 0.1%.
- FX Empire
Economic Data Puts the GBP and EUR in Focus as COVID-19 Cases Continue to Spike
COVID-19 and corporate earnings in focus, with economic data to drive the GBP and the EUR.
- Investing.com
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.
- FX Empire
EUR/USD Mid-Session Technical Analysis for July 13, 2020
The trend and momentum are clearly to the upside. There is also a lot of room between the current price at 1.1366 and the next main top at 1.1422.
- FX Empire
EUR/USD Price Forecast – Euro Continues to Grind Towards Major Resistance
The Euro has rallied significantly on Monday as we are looking likely to make another move to test the same resistance barrier above yet again.
- FX Empire
EUR/USD Consolidation Zone Prepares for Critical Breakout
The EUR/USD is in an uptrend but unable to push beyond the 1.1350 resistance (red box). This could increase the chance of a bearish ABC wave pattern.
- FX Empire
EUR/USD Daily Forecast – Euro Holds Near Month Old Resistance
EUR/USD has posted a third straight week of gains and is lingering near resistance that has held it lower for a month.
- FX Empire
Dollar Bears Hanging in There
The Commitments of Traders reports highlight speculators positions and changes made during the week to July 7 in FX, bonds and stocks. Appetite for risk during this U.S. holiday shortened week was firm with the Nasdaq 100 rising by 3.6% while the dollar weakened against its peers.
- FX Empire
Forex Technical Analysis & Forecast for July 13, 2020
Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices.
- Investing.com
Stocks - U.S. Futures Seen Higher; Dow Futures Up 230
U.S. stocks are set to open higher Monday, with investors optimistic over the approach of company earnings and economic data, despite the continuing unabated growth of coronavirus cases. At 7:05 AM ET (1105 GMT), S&P 500 Futures traded 25 points, or 0.8%, higher, Nasdaq Futures up 99 points, or 0.9%. The Dow Futures contract rose 230 points, or 0.9%.
- Investing.com
Dollar Weakens Ahead of Earnings Season
The dollar has weakened in early European trade Monday, with investors turning to risk-sensitive currencies amid optimism over the upcoming earnings season even as the Covid-19 outbreak rages on. Goldman Sachs (NYSE:GS) has become a little more optimistic on earnings prospects for the S&P 500 Index this year, lifting its baseline forecast for S&P 500 earnings per share in 2020 to $115, up from a prior estimate of $110. The World Health Organization reported a record 230,370 new cases in 24 hours on Sunday.
- Investing.com
Stocks - Europe Seen Higher; ECB Meets This Week
European stock markets are set to open higher Monday, with investors looking at the possibility of more stimulus as the new earnings season kicks off. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 1.1% higher. CAC 40 futures in France were up 1.4%, while the FTSE 100 futures contract in the U.K. rose 0.6%.
- FX Empire
Geopolitics, COVID-19 News, FED Chair Powell, and BoE Governor Bailey in Focus
It’s a quiet day on the economic calendar. FED Chair Powell and BoE Governor Bailey are scheduled to speak. Expect Trump and COVID-19 to also influence.
