Category: Forex Analysis

EUR/USD: risk to turn lower below 1.1280

EUR/USD Current price: 1.1348 View Live Chart for the EUR/USD The American dollar recovered some ground last Friday, ending the week pretty much unchanged against its European rival, around 1.1350. In Europe, macroeconomic readings showed that the EU inflation during September posted a slight increase compared to August one, matching expectations at 0.2% monthly basis. […]

EUR/USD: upside now limited, 1.1350 key support

EUR/USD Current price: 1.1384 View Live Chart for the EUR/USD An upward surprise in US inflation data for September, helped the American dollar to recover ground this Thursday, particularly against the EUR, which fell back below the 1.1400 level after trading as high as 1.1494. There were no relevant macroeconomic news in Europe, and the […]

EUR/USD: no relief for the greenback

EUR/USD Current price: 1.1472 View Live Chart for the EUR/USD The dollar edged sharply lower this Wednesday, with the EUR/USD pair reaching fresh daily highs ahead of the US close, and holding in the 1.1460 region. The common currency was on demand ever since the European opening, as poor Chinese inflation readings spurred demand for […]

EUR/USD: higher in range, still capped by 1.1400

EUR/USD Current price: 1.1379 View Live Chart for the EUR/USD The EUR/USD pair advanced partially this Tuesday, but failed to rallied beyond the 1.1400 level, weighed by worse-than-expected local macroeconomic data and a market that tossed and turned between hope and despair.  The EUR was on demand early in the data, as poor Chinese trade […]

EUR/USD: dollar’ weakness may extend this week

EUR/USD Current price: 1.1356 View Live Chart for the EUR/USD The American dollar closed the week broadly lower against most of its majors rivals, in a week characterized by dovish Central Banks. Both, the ECB and the FED in the minutes of their latest meetings, expressed their concerns over the global economic inflation, and the […]

Forex trading plan for October 7

Financial markets are enjoying risk-on sentiment as the US labor market figures last week decreased expectations for a rate hike in 2015. Traders now await the FOMC meeting minutes release on Thursday – the publication could bring some certainty back to the market. Chinese markets remain closed until Thursday – this calms the global sentiment […]

EUR/USD: bullish only above 1.1335

EUR/USD Current price: 1.1259 View Live Chart for the EUR/USD The American dollar took a dive early in the US session, as commodities extended their latest advances, with gold approaching $1,150 a troy ounce and WTI surging above $47.0 a barrel. US indexes also opened broadly higher, but gave up most of its intraday gains […]