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EUR/USD: Euro Edges Higher Ahead Of Christmas Break

EUR/USD has started the week later than slighted gains. Currently, the pair is trading at 1.1402, taking place 0.28% on the subject of the hours of day. There are no eurozone or U.S. indicators, as a result the markets are likely to be subdued as we head into Christmas.

U.S numbers were a union re Friday. Final GDP came in at 3.4%, revised slightly from the initial reading of 3.5% in November. This was quiet of the estimate of 3.5%, but still points to healthy economic lump in the third quarter. Durable goods reports were proficiently hasty of their estimates. Core durable goods orders declined 0.3%, rude of the estimate of 0.3%. This marked the first subside past May. There was bigger news from durable goods, which rebounded considering a get of 0.8%, after a plunge of 4.3% a month earlier.

The euro took investors upon a roller-coaster ride late last week. EUR/USD climbed upon Thursday, as the markets responded later than a thumbs-all along to the Federal Reserves rate publication. The notice was less dovish than the markets wanted, as policymakers said they would continue to adhere to their policy of gradual increases. Investors were looking for a Christmas adroitness from the Fed, in the form of a dovish rate statement. There was speculation that the Fed would compensate investors for the rate hike, all-powerful that the markets have been in turmoil for weeks and the U.S. economy appears to be cooling all along.

However, the Fed was not in a giving environment, signaling that it plans to continue raising rates in 2019. Policymakers did not surgically remove the phrase subsidiary gradual increases from their confirmation, and Fed Chair Jerome Powell auxiliary that the lower fall of the neuter rate range has been achieved.


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#1 - December 25, 2018, 05:13:39 PM
« Last Edit: December 26, 2018, 02:03:49 PM by Admin »

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Forex News Feed - U.S. Dollar Rises as Consumer Optimism Falls

The greenback picked occurring steam on Friday despite U.S. consumer optimism hitting its lowest level back Donald Trump was elected president and the paperwork shutdown upsetting into its 28th daylight.

The dollar was supported by a stronger-than-respected description for U.S. industrial production in December, in which manufacturing posted an impressive 1.1% profit from November. Such forgive surprises minister to some of the worries approximately the strength of the economy after the slowdown at the halt of last year. They furthermore underline the relative strength of the U.S. compared to the Eurozone, where the Bank of Italy warned Friday that the country may have slid into recession later a second straight decrease in GDP in the fourth quarter of last year.

However, the negatives for dollar sentiment quay's following away: Congress and Trump continue to torment when their impasse well along than the budget and on the summit of 800,000 federal workers remain furloughed. The shutdown could have negative impacts on the economy, put on leaders have warned this week as they presented their quarterly earnings.

The shutdown is comprehensibly having an effect upon U.S. consumers already: the University of Michigan's Consumer Survey Center showed that consumer sentiment plummeted to a two-year low of 90.7 in January from 98.3 a month earlier.

The U.S. dollar index, which trial the greenback's strength nearby a basket of six major currencies, rose 0.17% to 95.875 as of 10:19 AM ET (15:19 GMT).

The dollar after that continued to be supported by a Wall Street Journal relation that U.S. Treasury Secretary Steven Mnuchin is in agreement of mitigation tariffs upon Chinese products. That sent U.S. stocks and the dollar difficult late upon Thursday, despite the Treasury Department denying the news.

Meanwhile, sterling retreated from its recent highs after lackluster retail sales data for December. GBP/USD decreased 0.51% to 1.2914. It's still holding to most of the gains made in recent weeks, as the risk of an economically harmful 'vanguard' Brexit appears to recede.

The yen, typically sought by investors as a safe quay during a period of economic or push-pull attention to, was lower neighboring to the dollar when USD/JPY rising 0.19% to 109.42.

Elsewhere, the euro dipped gone than EUR/USD falling 0.18% to 1.1374.
#2 - January 20, 2019, 02:04:38 PM

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Forex Market News - EUR/USD challenging 1.1300 regarding dovish Draghi

The pair remains pale and drops inconsistent to 1.1320/15 band.
ECB left unchanged its key combine rates, matching consensus.
ECB will reinvest QE debt greater than the first rate lift.

EUR/USD is putting YTD lows muggy 1.1300 the figure to the test today following the press conference by President Draghi.

EUR/USD closer to 1.1300

The pair is accelerating the daily downside after ECB's Draghi tense recent data in the euro area have arrived in upon the weaker side.

In appendage, Draghi reiterated that a sustainable degree of getting used to in monetary policy is yet needed in order to save inflation upon its showing off to the banks take the goal.

Draghi along with mentioned that risks to the economic slope are now tilted to the downside.

EUR/USD levels to watch

At the moment, the pair is down 0.58% at 1.1316 facing the adjacent part at 1.1306 (2019 low Jan.3) followed by 1.1269 (monthly low Dec.14 20188) and finally 1.1215 (2018 low Nov.12). On the flip side, a fracture above 1.1396 (10-hours of daylight SMA) would strive for 1.1415 (21-daylight SMA) en route to 1.1442 (38.2% Fibo of the September-November slip).
#3 - January 24, 2019, 03:05:20 PM

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FOMC Preview: EUR / USD Outlook Hinges on Fed Balance-Sheet Reduction. It remains to be seen if the Federal Open Market Committee (FOMC) will adjust the $ 50 / month in quantitative tightening (QT) amid the little to no signs of a recession.
#4 - January 31, 2019, 02:34:08 AM

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Euro Vulnerable to EU Data Dump? Markets Eyeing Italian GDP: Is the Euro vulnerable to the cascade of European data scheduled to be released this week? Italian GDP will be monitored particularly closely given the controversial budget and state of the economy.
#5 - January 31, 2019, 04:12:07 AM

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Euro May Drop with Stocks, Commodity Currencies on Soft GDP Data .The Euro may fall alongside stocks and commodity bloc currencies if soft fourth-quarter GDP data cools ECB rate hike bets and stokes global slowdown fears
#6 - January 31, 2019, 11:30:54 AM

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EUR/USD Weekly Technical Forecast: Euro Levels to Watch High & Low

Euro bounce has a large quantity of resistance to contend subsequently than
3-month percentage range smallest back in 2014

The Euro continues to be a hard handle when volatility every part of low. The 3-month percentage range is the smallest its been since the doldrums of 2014. We may not take movement for a gigantic concern bearing in mind the one that began subsequently, but we are enormously nearing an improvement where EUR/USD should make a sizable oscillate.

In the wait-time, laying low isn't a bad idea to avoid difficulty a death by a thousand cuts. However, low-vol range environments might favor your trading style, in which forcefulness more of the linked may favor your strategy. But be not quite the watch-out, while, for a change on in range.

The broader trend remains firmly the length of since the depth last year, but that doesn't intend the Euro cant reverse sophisticated subsequent to force at some dwindling. It seems following the unlikely passage and some court events will compulsion to be finished to incline the chart well ahead, but we can't dismiss the notion of a loud rally.

Looking lower, afterward, some more grow earliest and badly be lackluster-varying the channel since November could morph into another bear-flag. But even with, well compulsion to see omnipresent further participation shove the Euro beside in the back getting rosy more or less jumping board a trend continuation.

In the week ahead, it may be more of the same, considering the trend-lines from March and September both dispensation far away and wide along than top Thursdays high at right as regards the same levels. On a fracture of this confluence lies other even solid confluence; the 200-daylight, January high at 11570, and upper parallel all align in a tight window. This would be a pleasing spot to see sellers emerge anew.

On a slip degrade, the belittle parallel and the 11289 level will be viewed as maintenance and may save a floor in the Euro. If the aforementioned levels manage to pay for-quirk harshly either side, furthermore we may have something greater than before as regards our hands brewing
#7 - February 03, 2019, 11:38:43 AM

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fundamentally the EUR USD pair can still rise at the beginning of the week of February
#8 - February 03, 2019, 08:59:18 PM

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The week ahead will see mostly second tier data that covers the German and French final services PMI followed by the Eurozone’s services PMI as well. Data from the U.S. is packed for the week ahead. Key data over the week includes the ISM’s non-manufacturing PMI as well as the advanced fourth quarter GDP report from the U.S. The U.S. economy is expected to slow in the fourth quarter of the year. Durable goods orders report and the delayed retail sales report will also be coming out on Wednesday. Data from Japan and Switzerland is relatively quiet for the week ahead.
#9 - February 04, 2019, 05:28:34 AM

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The week ahead will see mostly second tier data that covers the German and French final services PMI followed by the Eurozone’s services PMI as well. Data from the U.S. is packed for the week ahead. Key data over the week includes the ISM’s non-manufacturing PMI as well as the advanced fourth quarter GDP report from the U.S. The U.S. economy is expected to slow in the fourth quarter of the year. Durable goods orders report and the delayed retail sales report will also be coming out on Wednesday. Data from Japan and Switzerland is relatively quiet for the week ahead.
I will wait for the new news release movement to be the right moment for the entry and it might give important news
#10 - February 05, 2019, 08:17:54 PM

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according to the usd fundamental analysis is in good standing, the eur usd pair is likely to be down in decline
#11 - February 06, 2019, 05:46:08 AM

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Anxieties about the economic slowdown in the euro zone continued to put pressure on the euro exchange rate and brought eurusd trunks to the level of 1.3191 in the Asian session. eurusd has a chance to go down to the level of 1.1375 in early European session trading as long as it does not break above the level of 1.1405. while if it breaks above 1.1405 eurusd has a chance to rise to 1.14
#12 - February 06, 2019, 09:57:32 AM

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The EU at the H4 time frame seems to have started to want to go down again. There is no sign that the price will make a good correction to date. But that does not mean that it is not possible with just one hit so that everything can change from the initial scenario because there is no market that can provide a definite guarantee. but with the help of analysis, we will try to minimize the losses that can occur.
#13 - February 07, 2019, 07:57:04 AM

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Estimated EUR / USD: Regulated to Extend Current Dominant Bearish Trends

The US dollar extended its strengthening trend on Thursday and remains supported by relatively upbeat economic data. This was coupled with a new wave of global risk aversion, amid uncertainty over US-China trade negotiations and rising concerns about slowing global growth, boosting demand for traditional safe-haven currencies and lifting the greenback to a two-week high against its European counterparts.

The shared currency was further pressured by additional signs of an economic downturn in the Eurozone after the European Commission lowered its growth forecast for 2019 to 1.3% compared to 1.9% quoted in November. The EUR / USD pair extended last week's retracement of the retracement of the level beyond the key psychological figures of 1.1500 and weakened further below the mid 1.1300an, despite finding some support at lower levels.

The pair now seems to have entered a phase of bearish consolidation and looks oscillating in a narrow trading band throughout the Asian session on Wednesday. Today's Eurozone economic data shows some second-tier data and it seems unlikely to provide meaningful support. Adding to this, growing market expectations that the European Central Bank may have to postpone the increase in interest rates planned for 2020 should further collaborate to limit any bounce efforts, rather than continuing to exert bearish pressure in the near future.

Meanwhile, the technical picture continues to support bearish traders, although oversold conditions on the 1 hour chart help limit further losses, at least for now. Therefore, any increase towards the 1.1360 area might still be seen as an opportunity to initiate some new bearish positions for a direct decline towards the 1.1300 level. Continued sales now seem to open room for an extension of the downward trajectory towards challenging multi-month lows, around the 1.1215 region.

However, a sustained move beyond the mentioned barrier might trigger some movement of short covering back to support for the 50-day SMA changing resistance near the 1.1395-1,400 region. The next increase now seems more likely to be sold and remains restricted near the supply zone 1.1425-30.
#14 - February 08, 2019, 06:00:52 AM

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EUR/USD

1.1325 is where the Euro went to yesterday....We cannot ignore the fact that the Euro is in trouble...big trouble longer and med term...The difficulty lies in where do you get and sell it when it isn't really hitting any resistance levels topside...We all know its going lower...We have eyes...and even those who do not look at charts cannot fail to see the significance of the recent move lower... Euro is going lower...but it is the timing...where to sell...Ideally it would be up in the 1.1375/80 area....Now today we have the Daily Pivot at 1.1343...Our R1 @ 1.1360 and our short term fib @ 1.1362....so there could well be a chance that we reach these higher levels and we can scale in selling...The problem is its Friday....even us seasoned traders are now wary of running positions over the weekend...There is no where to run to...no being able to get up at 2am and see where Asia is taking us....So for a few months now I have made sure I am square on a Friday.... Now...as Iv said all week....1.1290 is another break level on the downside...This would take us lower to Nov lows of 1.1219/15..Here given that we are oversold I would expect a bounce and also because it provides an Double base on the charts...This is not to say that I think Euro is going to the moon. I do not...Nothing is further in my mind...However...I do believe that the DB will provide a really good reentry point for sellers of Euros....Long term trades are watching this like a hawk...as they know that if 1.1170 breaks the next level that is of great important is 1.0825...and this is where we would go. Personally I think we go much lower...but we take baby steps with this and gradually look to build up a short position..waiting the inevitable fracture of the Euro....

#15 - February 08, 2019, 06:58:28 AM

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