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GBPUSD Dips, EURUSD Steady, SNB Intervening in Swiss Franc (CHF) - US Market Open
EURUSD is trading at lows last seen over two years after breaking noted support at 1.1107. While the outlook remains weak for the pair, the market is flashing a short-term oversold signal.
Rate decisions take place out of both Europe and the US in the next two weeks, with each carrying the expectation for dovish policy from the respective Central Bank.
EURUSD is currently constrained by a series of lower highs and higher lows ahead of two important central meetings in the next two weeks. A break out is looking increasingly likely.
US Dollar strength is rolling through markets today, pushing the DXY Index to the highs seen in November and December 2018 and March 2019.
The Euro may suffer as the US and EU prepare for what may be another cross-Atlantic trade war as the IMF and World Bank prepare to discuss the global outlook this week.
Euro traders are nervously monitoring the political and economic landscape in Europe as fears of another Eurozone debt crisis bubble to the surface, only this time it may not be in Greece.
EURUSD will be watching tomorrows cascade of key economic growth indicators out of the US and EU as both economies slow against the backdrop of rising tensions.
The first quarter of 2019 produced significant technical reversals across multiple asset crosses, setting up what should be a crucial second quarter of 2019.
The European economic environment yields nothing more than a gloomy picture, which could continue to hobble the Euro into the second quarter.
The start of the second quarter and the first week of April bring about the typical smattering of ‘high’ rated events, including the RBA meeting.
Business confidence in Germany has ‘clearly deteriorated’ according to the latest ifo Export Expectations, weighing further on an already weak Euro.
The Euro is pushing higher against a weak US dollar and nears an area of technical resistance. With client sentiment still bullish a break higher could see the 2019 high under pressure.
The Euro remains around 1.1200 to the US dollar after hitting the lowest level since June 2017 in Thursdays heavy sell-off. On the slate, US
The Euro is coming under selling pressure in early trade, touching a one-week low against the US dollar, and is likely to stay low as
Even as economic data momentum has started to improve in recent days, concerns linger about the stability of price pressures and how it may impact
A dovish press conference by Fed Chair Jerome Powell sent the USD scuttling lower late Wednesday, helping EURUSD back to the 1.1500 level and near
The fourth quarter and 2018 are now in the books, and the ongoingresurgence of market volatility and uncertainty around key thematic influences are set to