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EUR/USD, USD/JPY Forecast: Two trades to watch

EUR/USD falls after German inflation and ahead of US jobs data. USD/JPY stabilises after yesterday's slump, US non-farm payroll data up next.


US Dollar Forecast: EUR/USD Halts Six-Day Selloff Ahead of US NFP

EUR/USD bounces back from a fresh monthly low (1.0755) to halt a six-day selloff.

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By : David Song
December 7, 2023 02:05 PM

NFP Preview: EUR/USD Tests Support as Traders Price in Q1 Fed Cuts

Traders and economists expect the NFP report to show that the US created 185K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate remaining unchanged at 3.9%.

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December 7, 2023 09:23 AM

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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD trades at a 3-week low on rate cut bets. Oil steadies after yesterday's steep selloff, China data could limit gains.

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December 7, 2023 03:22 AM
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AUD/USD, EUR/USD: Downside momentum building as key levels give way

AUD/USD and EUR/USD are looking vulnerable on the charts, pulling back in recent days on the back of disappointing domestic economic data. With uncertainty over the US, Eurozone and Chinese economic outlook elevated, it comes across as the type of environment in which the US dollar would normally shine.

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December 6, 2023 06:48 PM
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EUR/USD analysis: Euro softens as dollar picks up momentum ahead of key macro events

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into the impressive gains made last month. But will it bottom around the 1.0700-1.0750 key support area?


EUR/USD, FTSE Forecast: Two trades to watch

EUR/USD falls ahead of EZ services PMI data. FTSE falls for a second day, miners under pressure.

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December 5, 2023 04:18 AM
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EUR/USD, USD/JPY Forecast: Two trades to watch

EUR/USD falls with rate cut bets in focus. USD/JPY falls to a 3-month low as geopolitical tensions rise.


EUR/USD, GBP/USD, gold, crude oil analysis: COT report

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD struggles below 1.09 ahead of manufacturing data & Fed Chair Powell’s speech. Oil falls after OPEC+ underwhelmed.

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December 1, 2023 03:59 AM

EUR/USD hits major resistance ahead of US inflation: European open

With inflation data for Europe and the US in today's European session, we take a look at EUR/USD to identify key levels and a directional bias.

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November 29, 2023 11:52 PM
Yen, Euros and dollar currency bills and notes

EUR/USD, USD/JPY implied vols rise ahead CPI and GDP data: European Open

With a host of inflation data from Europe and GDP data for the US, implied volatility has picked up to wake markets up from their post-Thanksgiving lull. Today we take a look at USD/JPY and EUR/USD for a potential setup.

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November 28, 2023 11:52 PM
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EUR/USD analysis: Technical Tuesday – Nov 28, 2023

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will analyse the EUR/USD pair.

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November 28, 2023 06:30 AM

Yen bulls return, EUR/USD benefits from soft dollar bets: COT report

When yen bulls increase their long exposure by 40% in a week, it is probably worth noting. Especially when large speculators had pushed net-short exposure to a 6-year high the week prior. Every turning point must start somewhere, and I continue to suspect this turning point already has.


EUR/USD outlook: Currency Pair of the Week – Nov 27, 2023

EUR/USD outlook supported by weakening US dollar, which will be put under the spotlight by GDP and core PCE inflation data this week. Weaker Eurozone inflation data could paradoxically lift EUR/USD to 1.10 as technical analysis shows path of least resistance remains to the upside.

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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD rises ahead of a key week for data. Oil slides with the focus on Thursday's OPEC+ meeting.

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November 27, 2023 03:46 AM
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US dollar analysis: EUR/USD, NZD/USD - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week's edition, we will discuss the US dollar, EUR/USD and NZD/USD ahead of next week's key macro events.

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EUR/USD looks set to mean revert, Nasdaq to rally into Thanksgiving? European open

Has the rally on EUR/USD gone too far, too soon? Whilst it shows the potential for further gains, a pullback would not come as too much of a surprise. And with the Nasdaq rising ~80% of the Wednesday's ahead of Thanksgiving, we feel inclined to seek intraday bullish setups today.

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November 21, 2023 11:58 PM

Euro to US dollar analysis: EUR/USD outlook in focus - Currency Pair of the Week

The EUR/USD is likely to be among the more active currency pairs this week, which I am expecting to potentially rise to 1.10 handle amid improved risk sentiment and recent falls in US yields and dollar. Although the economic situation in the eurozone remains far from convincing, markets may have gotten ahead of itself with regards to ECB rate cuts being priced in as early as April.

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US dollar index approaches its 200-day MA as EUR/USD eyes resistance

With the US dollar continuing to soften during Monday’s Asian trade, we now wait to see if it can help EUR/USD break above a key resistance level. But with the 200-day MA nearby for the US dollar index, it might may hit a bump in the road.

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November 19, 2023 11:26 PM

EUR/USD, USD/JPY, Nasdaq, crude oil analysis: COT report – Nov 20, 2023

EUR/USD bears continued to trim shorts while large speculators added to longs. Whilst this might not be a bullish bet on the strength of Europe, it may well be a bet against the US dollar. And with the 2-year note holding above key support and shorts being trimmed, it hints at lower yields and a weaker US dollar.


US dollar, EUR/USD and GBP/JPY analysis - Forex Friday

The big story this week has been on the inflation front, with CPI in the US and UK both falling faster than expected, cementing expectations that the Fed and other central banks will no longer raise rates further. With a couple of other key US economic pointers also coming in weaker this week, such as industrial production and jobless claims data, as well as a sharp drop in oil prices, this has led to speculation that the Fed may start cutting rates sooner than expected in 2024

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November 17, 2023 06:40 AM