Trigger for monetary policy action is not there
European Central Bank (ECB) chief economist Philip Lane said on Monday that there is an early stage of an energy shock in the eurozone and added that the trigger for … Read More
Tag: EURUSD
EUR/USD Price Analysis: Recovery looks unsustainable
EUR/USD picks up traction and bounces off monthly lows. Another test of the 2021 lows remains on the cards. EUR/USD finally regains the smile and retakes the 1.1700 barrier and … Read More
A breach of 1.1700 is not ruled out
EUR/USD attempts a mild rebound to the 1.1740 area. Next on the upside comes the 1.1800 hurdle. EUR/USD puts further distance from Monday’s monthly lows in the 1.1700 neighbourhood. In … Read More
EUR/USD points towards an initial rebound to 1.18 – SocGen
EUR/USD consolidates after rebounding from the 1.1700 low on Monday. Economists at Société Générale notes that the 1.18 level is the next resistance for the pair. See – EUR/USD: Rallies towards … Read More
EUR/USD stays flat-lined around 1.1730
EUR/USD trades within a tight range around 1.1720. The dollar follows a cautious note ahead of the FOMC. US Housing Starts, Building Permits next on the docket. EUR/USD exchanges gains … Read More
Inflation could peak around November at around 3.4-3.5%
“Inflation could peak around November at around 3.4-3.5%,” the European Central Bank’s Vice President Luis de Guindos said in a statement on Tuesday. Further comments “Q3 growth will be strong.” … Read More
Centre-left polling surprise to cheer the euro – TDS
Germany heads to elections this weekend. While the event itself will not be a game-changer, a growth-friendly mix of the SPD/Greens would likely reinforce that the euro has started to … Read More
Rallies towards 1.18 offer an opportunity to sell – OCBC
The EUR/USD ended flat on the day, bouncing off the 1.1700 take-profit level ahead of risk events. Beyond the immediate horizon, downside risks still outweigh upside for now for the … Read More
EUR/USD recovery remains fragile towards 1.1750 despite softer USD
EUR/USD attempts recovery on Tuesday after the previous day’s fallout. US Dollar Index pares initial gains, still remains elevated above 93.00. Indebted China’s Evergrande fears, pre-Fed anxiety persists. EUR/USD trades … Read More
Bulls keep eyes on 0.8600
EUR/GBP remains muted in the Asian session on Tuesday. Price moves in a broader trading range of 0.8500 and 0.8600. Momentum oscillators trade with positive bias. EUR/GBP trades mildly lower … Read More