The Euro has received an additional boost, as inflation in Germany has reached a new record high, being revealed to be above 10.00%. The event boosted the Euro, as the markets took in the news as pressure on the European Central Bank to increase monetary tightening. On the technical charts the event occurred as a test and afterwards breaking of the
As the EUR/USD was trading between the support zone near 0.9550 and the 0.9600 mark, the Bank of England caused a broad decline of the US Dollar. Namely, the central bank announced that it would reduce its monetary tightening by buying UK government bonds at a total amount of 65 GBP billion. The markets took in the news as the
The resistance of the 50-hour simple moving average was enough to force the EUR/USD into declining an reaching a new low level. On Wednesday morning, the pair touched the 0.9540 level. Economic Calendar Analysis On Friday, at 12:30 GMT the Core Personal Consumption Expenditure Price Index is bound to make an impact, as the head of the Federal Reserve Jerome Powell revealed
The EUR/USD currency pair has revealed that it finds support in the 0.9600 level and resistance is provided by the 0.9700 mark. In the meantime, it was spotted on Tuesday morning that the pair was approached from above by the additional resistance of the 50-hour simple moving average. Economic Calendar Analysis This week, there are two times to look at the economic
At the start of this week's trading, the global strengthening of the US Dollar continued, as the EUR/USD reached the 0.9550 level. In the meantime, it was noticed that the pair was respecting the resistance of the 0.9700 mark. Economic Calendar Analysis This week, there are two times to look at the economic event calendar. On Tuesday, at 14:00 GMT, the CB
The EUR/USD was highly volatile during the release of the Federal Reserve rate and follow up press conference. The high volatility ended with the pair declining. At midnight to Thursday, the pair reached the 0.9808 level. During the morning hours, the pair was expected to look for support in the 0.9800 mark and the weekly S2 simple pivot point. Economic Calendar
The EUR/USD has reached a new low level. The reason for the decline is simple. At 18:00 GMT, the US Federal Reserve will boost demand for the Dollar by increasing USD base interest rate. The question before the event is what size would the hike be, as recent 0.75% hikes have failed to stop inflation growth in the US.Meanwhile, Dukascopy
On Tuesday morning, the EUR/USD currency exchange rate's recovery reached the 1.0050 mark, which acted as resistance. Meanwhile, the pair did not touch the resistance of the weekly simple pivot point. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce its Federal Funds Rate and
Since the EUR/USD reacted to the US Consumer Price Index release, the pair has been fluctuating around the 1.0000 mark. Support is being provided by the 0.9950 level and resistance is found at 1.0015 and 1.0030. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce
The EUR/USD has continued to surge, as the markets still take in information that the ECB is set to reduce the supply of the Euro more than expected. In addition, on Monday morning the US Dollar plummeted against all other assets, which boosted the pair's rally. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Price Index are set
The EUR/USD currency pair has breached the August high level zone at 1.0080/1.0090 and the 1.0100 mark. The surge of the Euro was caused by the European Central Bank hiking interest rates by 0.75% and committing to future hikes. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US
The 0.9865/0.9875 zone was enough to cause a recovery of the Euro against the US Dollar. The surge eventually reached above the 1.0000 mark. On Thursday morning, the pair was finding support in the weekly simple pivot point at 0.9980. Economic Calendar Analysis On Thursday, the European Central Bank is scheduled to make a rate announcement at 12:15 GMT. The market consensus
At mid-day on Wednesday, the EUR/USD remained near the 0.9880 level and the weekly S1 simple pivot point at 0.9881. Economic Calendar Analysis On Thursday, the European Central Bank is scheduled to make a rate announcement at 12:15 GMT. The market consensus currently is that the bank is set to hike 0.75%. However, take into account that the follow up press conference
The EUR/USD currency pair's recovery reached the combined resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 0.9980 on Tuesday morning. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial markets through the reveal of the situation in the US services
On Monday morning, the EUR/USD currency pair booked a new historical low level, as the rate reached below the 0.9900 mark. However, the pair found support in the 0.9880 level and the weekly S1 simple pivot point at 0.9882. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial
The EUR/USD Thursday's drop found support in the August low level zone at 0.9900/0.9915. The support zone was enough to cause a recovery of the pair. During the early hours of Friday's trading, the pair had approached the 1.0000 mark. Economic Calendar Analysis The top event of the week is scheduled for Friday, at 12:30 GMT. At that time, the US Unemployment
The fundamental recovery of the EUR/USD eventually found resistance in the 1.0080 level. The 1.0080 level and the Friday's high level have been marked as a resistance zone. Meanwhile, the recent low levels have been charted to show a support zone. At mid-day on Thursday, the pair traded between the two zones at 1.0080/1.0090 and 0.9970/0.9980. Economic Calendar Analysis On Thursday, at
Since the start of Tuesday's Asian trading up to the start of Wednesday's US trading, the EUR/USD currency pair fluctuated in the range between support near 0.9980 and resistance at 1.0040/1.0050. Meanwhile, by the middle of Wednesday's trading, the pair had started to ignore the support and resistance of the 50, 100 and 200-hour simple moving averages and the weekly
The recovery from the 0.9900/0.9915 zone passed the 50 and 100-hour simple moving averages near 0.9975, the weekly simple pivot point at 0.9984 and the 1.0000 mark. However, the surge of the Euro against the USD ended near the 1.0020 level, where the 200-hour simple moving average appeared to be acting as resistance. During the morning hours of Tuesday's European trading,
The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone. Economic Calendar Analysis This week, on Tuesday the release of the US CB Consumer
On Thursday morning, the EUR/USD rate reached above the resistance zone of 0.9990/1.0020. In general, the markets were experiencing a broad decline of the US Dollar, which was attributed to the incoming central bank meeting in Jackson Hole, Wyoming. Economic Calendar Analysis On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a move in the US
On Tuesday, the Euro suddenly sharply recovered against the US Dollar and even reached above parity. However, the rate bounced off the 1.0020 level and resumed its decline. On Wednesday morning, the pair was fluctuating near the 0.9950 level. In the meantime, the 50-hour simple moving average had caught up with the rate and was acting as resistance. Economic Calendar Analysis On
The decline of the EURUSD pair has clearly passed below the 0.9950 mark. On Tuesday morning, the EUR/USD was trading between the support of the 0.9900 mark and the 0.9950 level as resistance. Economic Calendar Analysis At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30
On Monday morning, the EUR/USD currency pair reaches parity and even fluctuated below the 1.0000 mark. By the middle of the day's trading, the rate had returned and fluctuated above 1.0000. Economic Calendar Analysis This week, the markets are looking forward to the European Purchasing Managers Indices that are set to be published on Tuesday starting from 07:15 up to 07:30 GMT.