EUR/USD: The pair remains calm below 1.1400 level ahead of two stormy days

Vasilis Tsaprounis Independent Analyst

The single European currency is trading between levels 1,1350 and 1.14 in the early hours of Wednesday in a narrow trading range as investors avoid taking big bets ahead of tomorrow's interest rate decision by European Central Bank and the very important data on new jobs in the United States on Friday.

The evolution of the trade war, yields on US government debt securities and the Ukrainian front continue to be high on investors' agendas, influencing international stock markets and the course of the foreign exchange market.

President Trump's controversial personality and enigmatic policies continue to worry investors, and despite the temporary lull, the risks from his frequent policy changes remain.

In general, the market picture does not show significant differences with the trading range of the exchange rate remaining at the familiar levels of the last two months, confirming investor confusion and lack of direction.

The US services sector environment survey is of interest on today's agenda, but without any major surprises, investors are likely to maintain a wait-and-see attitude ahead of tomorrow's European Central Bank meeting.

As I have mentioned in previous articles, the scenario that the exchange rate will remain between some critical levels between 1.10 and 1.16 remains a good possibility for the near future and without some big surprise in the next two days we will hardly see any significant levels being broken.

In view of two critical stormy days, apparently waiting and see attitude seems to be the best idea.

Author

Vasilis Tsaprounis

Independent Analyst

Vassilis Tsaprounis possesses over 25 years of professional experience in Capital Markets and especially in the foreign exchange market.

EUR/USD faces some resistance near 100-SMA on H4, around 1.1830 zone

The EUR/USD pair gains some follow-through positive traction for the second consecutive day and climbs to the 1.1830 region during the Asian session on Thursday. The US Dollar remains on the back foot amid concerns about the economic fallout from US President Donald Trump's erratic trade policies and acts as a tailwind for spot prices.

GBP/USD extends recovery to near 20-day EMA as US Dollar weakens

The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.

Gold looks to build on strength beyond $5,200, eyes monthly peak amid safe-haven flows

Gold touches a fresh daily high heading into the European session on Thursday, with bulls looking to build on the momentum beyond the $5,200 mark. This marks the second straight day of a positive move and is supported by sustained safe-haven flows, bolstered by uncertainties surrounding US President Donald Trump's trade policies and US-Iran nuclear talks.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.