|Day's range||1.1 - 1.102|
|52-week range||1.0930 - 1.1815|
The Euro initially tried to rally at the open on Monday, but as the markets raced toward safety, the US dollar got a bit of a boost against the common currency. Beyond that, there are recessionary headwinds and places like Germany, and that of course weighs heavily upon the Euro.
Based on the early price action and the current price at 1.1043, the direction of the EUR/USD the rest of the session on Monday is likely to be determined by trader reaction to the 50% level at 1.1045.
It was a hot monetary policy meeting yesterday. Faced with slow inflation and bleak growth, the ECB eased again, delivering a fresh stimulus package. What does it mean for the gold market?
Attacks on Saudi oil fields drove demand for the Yen and the Loonie as oil prices surged. Johnson is in focus later today and the GBP needs progress.
Investing.com - The safe haven yen and Swiss franc look likely to strengthen when markets open this week amid heightened geopolitical tensions in the Middle East after weekend attacks on Saudi oil plants disrupted global oil supplies.
It’s a big week ahead for the markets. The FED, the BoE and Brexit are in focus, with stats and chatter on trade also needing some attention.
The Euro was all over the place during the week as we had an ECB press conference, as you would expect. Having said that, it had a significant bounce after the interest rate decision, but on Friday we also started to see selling pressure again. We are in a downtrend, and that’s the most important thing to pay attention to.
The Euro rallied a bit during the trading session on Friday, reaching towards the 1.11 EUR level. We had also found the resistance at the 50 day EMA, so technically speaking, this is a sign that we are probably going to reenter the previous consolidation.
Based on the early price action and the current price at 1.1104, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the 50% level at 1.1106.
Investing.com - The pound rose on Friday on a newspaper report that the U.K. government is contemplating some type of regulatory divergence between Northern Ireland the U.K. in an attempt to secure a Brexit deal.
It was a volatile day for EUR/USD on Thursday. The ECB meeting triggered a drop towards the yearly low but a sharp reversal saw the pair touching a two-week high in the same session.
Draghi was also hurt by a headline from Bloomberg that said he faced opposition from several key ECB governors in his ultimately successful bid to restart quantitative easing, according to officials with knowledge of the matter.
Investing.com -- Stocks are within touching distance of new all-time highs after China stoked hopes of a trade deal with the U.S. Meanwhile, sterling is at a two-month high as Brexit risks recede, and WeWork's IPO is back on the road. Here's what you need to know in financial markets on Friday, 13th September.
It’s risk-on through the Asian session as the markets respond to the ECB move. On the day ahead, the focus will be on Brexit and U.S retail sales figures.
The Euro went back and forth during the trading session on Thursday as the ECB announcement came out with the interest rate cut and of course the bond buyback program starting back up.
Based on the early price action and the current price at 1.0961, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at 1.0961.
Investing.com -- European Central Bank President Mario Draghi called upon euro zone governments to do more to support a faltering economy with fiscal policy Thursday, as he detailed the ECB's latest raft of monetary measures.
Tensions between the U.S and China ease, supporting risk ahead of the heavily anticipated ECB monetary policy decision later today.
Investing.com - The Japanese yen, which is widely considered as a safe-haven currency, fell on Thursday in Asia as encouraging signs in U.S.-China trade situation improved investor sentiment.
The Euro broke down a bit during the trading session on Wednesday to reach towards the 1.10 EUR level. That’s an area that of course will attract a lot of attention due to the fact that it is a psychologically significant barrier, and a break down through there could send this market looking for the lows again.
Investing.com – The dollar rose on Wednesday as U.S. bond yields continued to edge higher on hot inflation data, while a retreat in the loonie amid falling U.S. crude prices also boosted the greenback.