The shared currency accelerates its downside on Tuesday, quickly dragging the EUR/USD to post fresh ytd lows in the boundaries of 1.3460. Spot came under intense selling pressure after consumer prices in the US economy rose at an annual pace of 2.1% and 0.3% inter-month, both prints banging on estimates...
After a nearly two month long consolidation, EUR/USD has finally broken to the downside. 1.3450 barriers are the next target in the very near-term. On a more medium-term view, 1.3400 and 1.3295 are the downside objectives.
It is not as though we are seeing a risk-off flight to the dollar. What we are seeing this morning looks pretty euro-specific. Perhaps someone knows something is coming down the sanctions pipeline that has some teeth to it.
In a generally quiet week for economic data, the marquee event could be the RBNZ’s monetary policy decision. My colleague Chris Tedder noted earlier this week that the central bank is likely to hike...
The Department of Labour informed that US consumer prices rose at an annual pace of 2.1% during June, matching estimates. On a monthly basis, prices rose 0.3%...
Valeria Bednarik – EUR weakness outstands in another quiet trading journey. US inflation up next.
EUR/USD Forecast: fresh monthly low by FXStreet
EU foreign ministers likely to announce further sanctions by Alpari (UK)
So much is happening - the moves are quick and decisive - Mkts around the world are all higher - US futures...
The euro has lost close to two cents in July and the general direction of the pair...
Thu, Jul 24, 14:00 GMTRegister free!
The Fibonacci analysis and the connection with the trader profile and Due Diligence: Is there a place for due diligence in FX trading? are the next meetups organized by FXStreet in Istanbul & Sydney (August, 2nd & 7th).
Don't miss them out!
In the early 1800s massive loads of tea arriving from China kept English society lubricated. The United...