The EUR/USD has reacted to the Federal Reserve Rate hike of 0.25% and the following comments of the head of the central bank Jerome Powell. In general, the central bank plans no rate cuts. In regards to further hikes the central bankers would continue to watch inflation data. The pair reacted to the news with a surge. The surge is
On Tuesday, the EUR/USD had continued the surge, which was started by the European Central Bank's 0.50% rate hike. During the start of this week, the pair reached above 1.0700, before consolidating. Note that the currency pair is bound to remain rather flat until the Wednesday's 18:00 GMT Federal Reserve Interest Rate hike and follow up press conference. Economic Calendar Analysis All
The EUR/USD has experienced a recovery, which has reached above the 1.0600 mark. Most recently, the currency pair encountered resistance in the 100-hour simple moving average. The recovery has occurred due to the ECB 0.50% base interest rate hike. Namely, funds are flowing into Euro denominated investments, adjusting to the new rate. Economic Calendar Analysis During the following week, all attention of the
The EUR/USD is dropping due to crash of the European banking stock prices. A major run to safety is occurring. From a technical analysis perspective the pair has dropped to the support levels below 1.0550. Economic Calendar Analysis On Thursday, the EUR/USD is set to react to the expected 0.50% European Central Bank Main Refinancing Rate hike at 13:15 GMT. The ECB
The EUR/USD has revealed a resistance zone below the 1.0750 mark. Meanwhile, support is being found in the trend line, which has guided the currency pair up since Friday. In addition, note the support of the 50-hour simple moving average and the 1.0700 mark. Economic Calendar Analysis The top event of the week was the US Consumer Price Index release, which hit
The EUR/USD shortly pierced the resistance zone at 1.0762/1.0766 due to the publication of lower than forecast German Consumer Price Index. Namely, for some reason the lower than expected inflation was seen by the markets as positive for the Euro. However, the pair did not remain above the resistance zone for long. On Friday, the pair was back near 1.0700. Economic
The interview of Jerome Powell on Tuesday caused high volatility of the EUR/USD, which has resulted in the rate recovering to the 1.0750 level. Economic Calendar Analysis During the week there are no scheduled major events, which might impact the currency rate. EUR/USD hourly chart A move above the 1.0762/1.0766 range, which captures Tuesday's reversal zone, might encounter resistance in the 1.0800 mark and
The major volatility of the EUR/USD has ended. The pair has started a steady decline, which respects round price levels. On Tuesday morning, the pair had reached the 1.0700 mark, which acted as support. Economic Calendar Analysis During the week there are no scheduled major events, which might impact the currency rate. EUR/USD hourly chart A move below the 1.0700 mark could look for
The EUR/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the ECB boosted the Euro. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. The Average Hourly
The EUR/USD started a recovery, prior to properly touching the support of the 1.0800 mark. The low levels, which acted as support have been marked on the chart. The follow up recovery had reached above various technical levels including weekly simple pivot points and the 50, 100 and 200-hour simple moving average. The move back up to previous levels was attributed
The EUR/USD did not wait until the publication of the US Federal Reserve rate or the ECB rate, as on Tuesday morning the pair declined. Namely, the pair reached below the 1.0835/1.0840 range and approached the 1.0800 mark. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00
The EUR/USD appears to be waiting for the Federal Reserve rate hike and press conference by trading near the 1.0900 level. Resistance is found at 1.0920/1.0925 and support is located at 1.0835/1.0840. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence
On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance
The EUR/USD found support in the combination of the weekly simple pivot point and the 100 and 200-hour simple moving averages near 1.0840. The event was followed by a surge. By the middle of Wednesday's European trading hours, the pair had reached above 1.0900 and was testing the resistance of the weekly R1 simple pivot point at 1.0906. By 12:00 GMT,
In the aftermath of shortly trading above the 1.0900 mark, the EUR/USD has retreated. On Tuesday the pair was finding support in the 1.0860 level and resistance was provided by 1.0900. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at
The fourth attempt to pass the resistance zone of 1.0865/1.0875 pierced the range, but eventually retraced back down. From a technical perspective the situation remains unchanged, as the EUR/USD is finding support near 1.0790 and resistance is still at 1.0865/1.0875. Meanwhile, note that the pair has been slightly impacted by the combination of the 50 and 100-hour simple moving averages near
The EUR/USD was approaching the support of the 1.0750 level, as a surge started. The surge was caused due to a broad decline of the US Dollar, which was caused by a strengthening of the Japanese Yen. On the EUR/USD charts it resulted in a test and failure at passing the resistance zone at 1.0865/1.0875. Economic Calendar Analysis This week, watch out
The EUR/USD surge has revealed a resistance zone at 1.0865/1.0875. Meanwhile, this week it was spotted that the 1.0800 level was acting as support. Economic Calendar Analysis This week, watch out for the publication of the US Producer Price Index data on Wednesday at 13:30 GMT. The data will reveal inflation at the production level. In addition, the US Retail Sales data
The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts. On the EUR/USD charts it resulted in a surge up to the resistance of the weekly R2 simple pivot point, which is located at the
The EUR/USD continues to wait for the US Consumer Price Inflation data, as the pair trades almost flat near 1.0750. Economic Calendar Analysis This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. EUR/USD hourly chart In the case of the 1.0750 mark
From a technical perspective the support of the 1.0500 has held and caused a surge. However, the recent surge has been attributed to the US employment data release on Friday at 13:30 GMT, which caused a broad USD decline. By the start of this week, the pair had reached and was testing the resistance of the 1.0750 level. Economic Calendar Analysis This
On Thursday, the US Dollar strengthened due to better than expected US Unemployment Claims and ADP Non-Farm Employment data. On the EUR/USD chart it resulted in a decline below the 1.0575/1.0595 zone. By the middle of Friday's trading hours, the pair had reached the 1.0500 mark. Economic Calendar Analysis On Friday, The United States employment data release at 13:30 GMT is highly
On Wednesday, the EUR/USD reached the combined resistance of the weekly R1 simple pivot point at 1.0629 and the 100 and 200-hour simple moving average. Afterwards, the pair was finding support in the 1.0575/1.0595 zone. At 19:00 GMT the US Federal Reserve Meeting Minutes were released, which revealed that the Fed is not considering any rate cuts in 2023. In theory,
As the US futures markets started 2023 trading on Tuesday morning, the US Dollar strengthened. As a result the EUR/USD plummeted, as by 11:00 GMT, the pair had reached 1.0520. Economic Calendar Analysis This week, on Wednesday, the US ISM Manufacturing PMI and JOLTS Job Openings could cause an adjustment in the value of the US Dollar at 15:00 GMT. Afterwards, at 19:00