The updated data showed that in August, annual inflation increased by 5.2%, down from the previous measurement of 5.3%. Core CPI, excluding food and energy, increased by 0.3% monthly and 5.3% annually. This downward trend was taken positively by market participants, particularly following the European Central Bank's (ECB) decision to raise the key interest rate...
Frankfurt, Reuters - In the ongoing fight against inflation, European Central Bank (ECB) policymakers are gearing up for a significant shift in strategy. They are set to deliberate on ways to address the vast pool of excess liquidity inundating banks, with the possibility of raising reserve requirements emerging as the initial tactic. This pivotal discussion is...
#EURUSD expected to rise in the coming days the price is clearly reached the support which was around 1.06330, afterwards we can see that the market found a momentum and pushed up and considering the weak ascending broadening wedge pattern in 30M TF it looks week to push it back down. The price is expected to rise towards the trending line...
Well, since there was a BoS on the 4hrs we just need to wait for the market to come to our demand region and look for buys.
I think the range of 1.083 is an important resistance and the bull can be rejected from here. If this resistance is broken, the price can go bullish to the next and higher range
Gold had a turbulent intraday rally, but the US market unexpectedly ramped up its losses and fell instantly below the support level at the 1960 mark below. A new low was fetched around 1939. Although there was a large extent of a rebound in the short term, the high resisted briefly with the 1955–1958 mark. Although the market sentiment is primarily responsible for...
EUR/USD seems to be seeing more clear signs of rejection of the resistance that formed the top of the shallow uptrend channel from early January, with strong daily and weekly downside momentum. The support below at 1.0945 has established a near-term top and we look for a test of the 55-DMA at 1.0835, ideally holding on a close. Even so, below will warn of a more...
The EUR/USD pair is struggling to extend its recovery above the 1.0980 immediate resistance at the start of the European session. The pair has felt the downside pressure as the US Dollar is seeing some renewed buying interest ahead of the important US CPI data release. The EUR/USD currency pair has dropped below the 20-day Simple Moving Average (SMA) for the first...
A possible short on supply areas 1.10187 or 1.10478 to the 3 hour demand area which is 1.09367
EURUSD at uptrend move for mentioned TP according high time frame .
In Eurusd there is a swing trade oppertunity as its in up trend and taking support of last swing low ,so from here can spike for new high ,keep SL bellow last swing .
Fundamentally, the market believes that the probability of the ECB's terminal interest rate of 4.25% this year is 65%, while last week's terminal interest rate was only 4.00%.The European Central Bank's hawkish bets may help the euro limit its losses in the short term. On the technical side, EUR/USD has rebounded since hitting a low near 1.0530 last week. It...
As mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday. On the fundamental side, more hawkish remarks made by several members of...
Following the sharp rise in EUR/USD on Wednesday, EUR/USD turned down on Thursday and took back all the gains of the previous day.However, there was a rebound during Friday time, but the currency pair rebounded on Friday and broke through 1.0600. The trend of the euro reflects that the market situation is still relatively tangled at this stage. On Wednesday,...
EURUSD seems to be looking good for the coming swing trade.what do you guys say?
Although the price fell sharply from the highs but the Euro is reaching the Discount Proce now we can see a nice up move from here , considering next week we will have inflation figures from U.S which will be cooler as expected
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