|Day's range||1.115 - 1.116|
|52-week range||1.1148 - 1.2210|
The greenback was holding steady near a 22-month high on Wednesday as strength against the euro was offset my minor gains against other trading partners.
The US Dollar Index touched the pinnacle near 97.85 levels on Euro plunge. EIA reported higher crude inventory data, dragging down the oil prices. The BoC decided to keep the interest rates unchanged. The Aussie pair stood on the back foot amid poor CPI figures.
The Euro continues to fall at the hands of the US dollar, reaching towards the lows again as I write the article. Overall, this is looking more and more like a market that could finally break down.
Investing.com - The U.S. dollar inched higher against a basket of major currencies Wednesday on a slump in the euro. But gains in the greenback were limited somewhat as the Canadian dollar moved off lows after the Bank of Canada governor left the door open to future rate hikes
Based on the early price action, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1198.
The euro fell towards a one-month low on Wednesday as the contrast between solid economic data in the United States and souring confidence measures in the euro zone kept the dollar supported near 22-month ...
All the major 200-days SMA and 100-days SMA stood way above the EUR/USD, developing a bearish stance. Today is the deciding day for the EMU economy. Things had remained pretty pathetic for the euro pair in the last couple of sessions. The Greenback continues to hover in the 97.60/70 top levels.
The Dollar bulls will be looking for a first visit to 100 levels since 2017. While Trump may attempt to kill the rally, the stars are aligning…
The Kiwi Dollar and Aussie Dollar take another hit early. The Bank of Canada and corporate earnings could give the Greenback more upside on the day.
With some financial sector corporate earnings results out of Europe, another set of positive U.S earnings results may not be enough…
The U.S. dollar on Tuesday gains ground against most of its major trading partners, hitting an intraday 22-month high.
Along with the greenback upliftment, the primary rival (EUR/USD) which always benefits from a dollar plunge, dropped significantly. Crude WTI Futures traded at a new high near $66.60 per barrel elevating the commodity-linked CAD. USD/JPY lost 30 pips in a matter of a few minutes.
Who’s winning the U.S – China trade war? Is it really the U.S? How has the Pound and the UK economy performed and what about the Eurozone?
The Euro fell rather hard during the day on Tuesday as European traders came back to work. In fact, the Euro only budged slightly higher to kick off the day and then fell straight down towards which should be a relatively supportive area.
Investing.com - The dollar rose against a basket of major currencies Tuesday as new home sales surged to a 17-month high, suggesting resilience in the U.S. housing market after disappointing existing home sales numbers.
Based on the early price action, the direction of the EUR/USD is being controlled by two prices: a short-term 50% level at 1.1254 and an uptrending Gann angle at 1.1259.
Dollar Index is close to the upper limit of its 6-months trading range. GBPUSD remains trapped between MA200 and 1.30. Oil has jumped at the start of the week by 3%: WTI – $66, Brent – $73.70.
The pair is currently under pain of the earlier week released sparse economic indexes. In the last few sessions, the EUR/USD hardly moved amid Easter holidays. Tomorrow chances remain intact of action following specific German reports.
It’s a mixed start to the day for the majors. While the Pound managed to hold steady, things could change later today as MPs return from recess.
The Market remained silent in the middle of insufficient economic data on Easter Monday. The Cable was down, still sustained near 1.1300 levels. Oil price upsurged on the news suggesting Iranian sanction waiver rejection, making the loonie pair tumble further.
The Euro initially tried to fall at the very open on Monday but then turned around to show signs of strength again. We are at the bottom of a major consolidation area so it’s not a huge surprise to see that the Euro got a bit of life down here.
A popular measure of the strength of the U.S. dollar is inching toward its highest level in almost two years, having carved out gains in the past two months and on track to notch a third given current levels.