Articles tagged with "eur-usd"

Euro has fallen seven of the past nine sessions, with stretched momentum raising the stakes as EUR/USD closes in on a major inflection zone.

EUR/USD and Nasdaq Price Outlook: Overbought/oversold momentum on hourly and daily time frames is raising reversal risks across the U.S. dollar, EUR/USD and Nasdaq after a strong weekly advance.

EUR/USD falls to a 2-month low despite Eurozone growth picking up. Gold under pressure as a stronger USD offsets falling oil prices.

The week continues to present challenges for the euro's short-term strength. This is reflected in the recent performance of EUR/USD, which has declined by nearly 0.6% over the last three trading sessions

The US Dollar has rallied since last week’s rate hike and USD/JPY remains a massive driver across the USD complex.

The EUR/USD recovered from a modestly weaker start after after spending the last two days of last week in tight consolidation following a sizeable drop in response to a hawkish Fed rate hike in mid last week. The pair was held back as a result of Germany’s regional elections at the weekend, which made the nation’s political picture a little messier. But the downside has been limited owing to expectations of another ECB rate hike this year, and, more to the point, due to the fact oil prices have eased further at the start of this week.

The USD closed red last week despite a seemingly bullish backdrop but it made up for it this week, driven by a strong breakout in USD/JPY.

Defining support levels are coming into focus across key charts, including EUR/USD and the Nasdaq, following the Federal Reserve’s rate hike and a 6% drawdown in UKOIL.

The Fed delivered a unanimous hike, stronger economic projections and a more hawkish dot plot, giving markets little reason to unwind aggressive tightening bets and keeping the dollar firmly supported.

GBP/USD unchanged after UK inflation rises and ahead of the Fed rate decision. EUR/USD looks to the FOMC rate decision.

Assuming the Fed delivers the expected hike, traders will want to know WHAT could prompt another hike, WHY they hiked this time, and HOW to interpret the dot plot.

The euro has started to face a more challenging period in the short term. The EUR/USD pair has already declined by nearly 0.81% over the last four trading sessions, a move that has begun to reinforce a meaningful bearish bias in favor of the U.S. dollar.