|Day's range||1.101 - 1.104|
|52-week range||1.0655 - 1.1496|
The Euro fell hard during the trading session on Tuesday to break down through the 1.10 level underneath. This is an area that should attract a lot of attention and the fact that we slice right through it suggests that there may be more selling.
Based on the early price action and the current price at 1.0956, we’re looking for the selling pressure to drive the EUR/USD into the retracement zone at 1.0892 to 1.0831.
After surging just short of 5% from last week’s low, EUR/USD turned lower yesterday to end a six-day upward streak as the dollar broadly recovered.
The phrase “Chinese miracle” this year finds a new meaning. First of all, in recent weeks, it is commendable how quickly the Politburo recognized the danger of the situation in Wuhan and managed to contain its spreading across the country.
EUR/USD is building a bullish channel after a large bearish decline. What is the next expected price swing within the roller coaster ride of 2020?
The dollar traded marginally higher Tuesday, helped by gains against the more defensive currencies, the Japanese yen and the Swiss franc, on the last trading day of the month. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.597, up 0.3%. “The talk is Japanese names are short of dollars (as the fiscal year comes to an end), which is likely to keep the dollar bid well into London time,” Yukio Ishizuki, FX strategist at Daiwa Securities, told CNBC.
European stock markets are set to edge higher Tuesday, lifted by signs of an economic stabilization in Asia. C/hina's official Purchasing Managers' Index rose to 52 in March from a plunge to a record low of 35.7 in February, above the 50-point mark that separates monthly growth from contraction. As welcome as this is, economists are still forecasting a steep contraction in China's first-quarter gross domestic product, the first such contraction in three decades.
PMI numbers out of China impress early. Will a busy economic calendar be enough to distract the markets from the continued spread of COVID-19?
The Euro fell hard during the trading session on Monday, reaching down towards the 1.10 level by the time the US came on board. That being the case, it’s very likely that we will focus on this 1.10 level over the next couple of sessions.
Market volatility doesn’t appear to be going anywhere and that’s not going to change until the spread of the coronavirus slows and slows materially.
Based on the early price action and the current price at 1.1032, the direction of the EUR/USD the rest of the session on Monday is likely to be determined by trader reaction to the steep uptrending Gann angle at 1.1036.
After rallying for six consecutive sessions, EUR/USD is seen retreating in early trading at the start of the new week to retest its 200-day moving average.
World central banks continue to pump liquidity in the financial system to lessen the negative impact on business from strict isolation measures across the globe.
Italy will find a way to meet the severe economic and fiscal challenges from the Covid-19 pandemic with the help of European institutions – but the country’s fundamentals will look very different after the crisis than before it
At 3:35 AM ET, U.S. crude futures traded 6.0% lower, at $20.21 a barrel, on the prospect of lower U.S. fuel demand for longer. The international benchmark Brent contract fell 6.0% to $26.26.
Investing.com - The dollar is back in demand Monday as hopes of an early end to the shutdown which has paralysed the U.S. economy were dashed over the weekend, prompting some traders to head back to the greenback safe haven.
It’s bearish start to the day, with the continued rise in coronavirus cases raising the prospects of a lengthier economic meltdown…
It’s a particularly busy week ahead. Economic data, Brexit negotiations, and updates on the coronavirus will continue to keep the markets on edge.
Over the short-run, look for the EUR/USD to strengthen on a sustained move over 1.1167, and weaken on a sustained move under 1.1066.
The Euro slammed into the 1.10 level during the week, showing signs of exhaustion in that region. Ultimately, it looks as if the market is still going to respect to some of the same levels again.
The Euro initially tried to rally during the trading session on Friday, reaching towards the 200 day EMA before pulling back. Ultimately, we find ourselves dancing around the 1.10 level, an area that will attract a certain amount of attention.
Based on the early price action and the current price at 1.0980, the direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to the steep uptrending Gann angle at 1.0956.
EUR/USD is easing lower in the early day on Friday after testing its 200-day moving average while the dollar is catching a bid from important support.