FX_IDC:USDEUR   U.S. Dollar / Euro
On Monday, EURUSD managed to close above 1.18, but it is sliding down Tuesday morning . The pair feels unstable, as the ECB hinted last week that President Draghi will not reveal any new policy paths during the Jackson Hole symposium,
It means QE tapering may come not earlier than October, although before the market priced in September as the start of tapering process. And this will be the main factor for EURUSD to be capped by 1.1800 for now.
Although strong euro is damaging for export oriented German economy, there is still a hope that Draghi may be a little bit more hawkish during his speech in Jackson Hole, just because economy is doing quite well.
We saw significant fall in unemployment to lowest level since February 2009 (it was 9.1% in June). We also saw strengthening price pressure: from 0.2% yoy in July, 2016 it rose to 1.3% currently. And if we hear any positive comments from Draghi this week, it may fuel the EURUSD rally.
The nearest target for the pair may become 1.1850 followed by 1.1890.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out