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Thread: EUR USD

  1. #481
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    Euro again slips to losses after 2 days profitable trade


    The single currency was trading a tad below $1.04 Tuesday after finding some support at $1.0364 level.Resistance seen at $1.0657, $1.0690 and $1.0758 levels.
    Movements in the pair expected to be subdued in run-up to Christmas holiday period.


    But medium-term outlook remains bearish.Fundamentals point to further U.S. rate hikes after Fed tightened in December for first time in a year.Euro-zone growth still anemic as ECB policy seen remaining accommodative for some time to come.

  2. #482
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    Having posted a session high at 1.0480 levels, the EURUSD pair turned sharply lower and reversed over 60-pips from daily peak.
    Currently hovering near session through, around 1.0415 regions, the pair came under intense selling pressure amid resurgent greenback buying interest as market seemed convinced over the possibility of faster Fed-rate-hike cycle in 2017. In fact, the US dollar index, which measures the greenback’s strength against a basket of six major currencies, has managed to recovery early lost ground and remained closer to a 14-year peak touched last week.
    In absence of any fresh economic developments, possibilities of short-term traders unwinding some of their bullish positions might have collaborated to pairs sharp reversal on Wednesday amid low volume holiday trading.
    Later during NA session, the release of pending home sales data from the US might provide some impetus for short term traders. However, the incoming US economic data, which would be looked upon to reinforces market expectations of stronger US economic growth and higher interest rates, and hence, focus shifts to next week’s US monthly jobs report that would assist investors to determine the pairs next leg of directional move.

  3. #483
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    Although yesterday’s selloff from 1.0480 to as low as 1.0372 suggests euro’s correction from last Tuesday’s fresh 15-year trough at 1.0352 has ended at 1.0499 (Thursday), subsequent rebound and then intra-day rise above 1.0427 in Asia suggests further volatile swings inside indicated broad range would continue.
    Only above 1.0499 would bring stronger retracement of recent downward towards 1.0552 whilst below 1.0372 would yield re-test of 1.0352, then 1.0330 levels.

  4. #484
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    Euro surge in yearend Sessions.

    Euro briefly climbed nearly two full cents in overnight trading to $1.0651, it’s highest since Dec. 14.

    The euro was up 0.67 percent against the dollar at $1.0561, though down nearly a full cent from its session high.

  5. #485
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    EURUSD Technical Levels - 03.01.2017
    The EUR /USD pair declined on Tuesday as dollar racked up its biggest rise in more than two weeks in 2017s first full day after dealers and investors returned to push the greenback close to Decembers long-term highs.
    Upside, the immediate resistance can be seen at 1.0406, a break above this level would expose the pair to next resistance level at 1.0442.
    Downside, immediate support can be seen at 1.0371, a break below at this level will open the door towards next level at 1.0350.

  6. #486
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    GBP/USD Forecast for January 5, 2017

    Technical Forecast Overview

    Yesterday Closed 1.2321
    Today Open 1.2321
    Day’s Range 1.2317 - 1.2349
    52 wk Range 1.1450 - 1.5020
    1-Year Return - 15.85%

    GBP/USD Technical Support and Resistance

    Possible trading range for today 1.2317 - 1.2349

    GBP/USD forecast : GBPUSD pair possibly will find the immediate support at 1.2245. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2212 and 1.2159.

    On the other side the market has immediate resistance at 1.2351. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2384 and 1.2437.

    GBP/USD Fundamental Analysis
    The GBPUSD made brisk progress yesterday and today morning as the dollar strength underwent a correction after the release of the FOMC minutes. The markets had been subdued for most of the day yesterday but the action has picked up ever since the release of the FOMC minutes during the middle of the NY session yesterday and this action has seen the correction of the dollar almost all across the board.

    We have the services PMI from the UK and the ADP Employment data, Non-Manufacturing PMI and Unemployment Claims from the US today. All these data will be keenly watched by the market as a lead up to the important NFP report tomorrow and the rest of the week could set the tone for the markets for the entire month. Strong data from the US over the next couple of days could see the return of the dollar strength, which could then extend to rest of the month.

    GBP/USD Important Economic Events: (GMT +2)

    1. 11:30am GBP Services PMI
    2. 3:15pm USD ADP Non-Farm Employment Change
    3. 3:30pm USD Unemployment Claims
    4. 4:45pm USD Final Services PMI
    5. 5:00pm USD ISM Non-Manufacturing PMI
    6. 5:30pm USD Natural Gas Storage


    Last edited by Steve nison; 01-25-2017 at 01:55 PM.

  7. #487
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    EURUSD Technical Levels - 13.01.2017
    The EUR /USD pair fell as low as 1.0595 in the early US session, as greenback clawed back from earlier losses after data showed U.S. retail sales rose solidly in December.
    Technically, upside next immediate resistance can be seen at 1.0650, a break above this level would expose the pair to next resistance level at 1.0692.
    Downside immediate support can be seen at 1.0596, a break below at this level will open the door towards next level at 1.0561.
    Trend overall looking slightly bullish at the moment.

  8. #488
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    EURUSD trims losses, although steadies in the familiar range near 1.07 handle, following the release of in-line with expectations Eurozone inflation data.
    Currently, the spot now drops to 1.0674, having failed one again above 1.07 barrier. The EURUSD pair moved off session highs and trades with moderate losses as the greenback clings onto recovery gains witnessed after yesterday’s sell-off, triggered by Trump’s comments on the US economy.
    While euro fails to benefit from the Eurozone final CPI print, which matched consensus forecasts. The Eurozone Dec CPI arrived at 1.1% y/y vs 1.1% exp expectations, confirming the flash estimate and rising from November 0.6%.
    While the German and Eurozone inflation data now out of the way, the major awaits the release of the US CPI and industrial production figures due later in the NA session for further momentum. While Fed Chair Yellen’s and Fed official Kashkari’s speech will also hog the limelight, in wake of Trump’s inauguration scheduled later this week.

  9. #489
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    EUR USD Forecast for January 19, 2017

    EUR USD Technical Overview
    Yesterday Closed 1.0630
    Today Open 1.0630
    Day’s Range 1.0622 – 1.0642
    52 wk Range 1.0339 – 1.1616
    1-Year Return – 2.6%

    EUR USD Technical Support and Resistance
    EUR USD Forecast: EUR USD pair possibly will find the immediate support at 1.0622. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0600 and 1.0565.
    On the other side, the market has immediate resistance 1.0692. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0714 and 1.0749.

  10. #490
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    USD/CAD Forecast | Daily Technical Forecast for January 20, 2017


    USD/CAD Technical Support and Resistance

    USD/CAD pair possibly will find the immediate support at 1.3268. If, market breaks the first support then it will go for the following support to test.
    Followingsupports are 1.3244 and 1.3204.
    On the other side the market has immediate resistance 1.3348. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3372
    and 1.3412.Looking ahead to today, we have the retail sales and CPI data from Canada that will be released towards the NY session and any sort of weakness in any of these data should confirm the weakness in the Canadian economy that the BOC seems to fear and we could then see the pair pushing above 1.3400 and towards 1.3500.
    Last edited by Steve nison; 01-25-2017 at 01:52 PM.

 

 
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