Forex News EUR/USD

[ForexSignalses]

EUR/USD Bouncing Twice At 1.1305 Support

German Consumer Confidence Index Reported Lower Numbers. EUR/USD Worried On Brexit Uncertainties.

The EUR/USD had an affable begin this day bouncing off from 1.1314 reaching 1.1322 level. From that level at 01:15 GMT, the pair had been plunging upsetting the demean vicinity of 1.1305 after the speech of Boston Fed President Eric Rosengren. He had proposed to get your hands on more short term treasury bills to bring along with to long-term assimilation rates, diminishing the odds of a likely recession. This mitigating words elevated the USD Index from 96.005 to 96.094 and so pulling lead the EUR/USD pair. The pair yet to be-thinking took preserve at 1.1306 level and was in consolidation mode.

At the period of writing this article (07:28 GMT), the pair was trading at about 1.1310 level.

Last night, In the House of Commons, the UK Parliament MPs voted to admit on top of the Brexit process. Now the Parliamentarians have taken control in the abet on again the Brexit. EUR/USD will thus court combat in a more weighed appearance to the upcoming Brexit updates.

Moments ago, Gfk released the Germany Consumer Confidence Survey for April at 07:00 GMT. This index computes the level of the consumer confidence index in the economic ruckus of the particular region. The index recorded 10.4, lower than the herald expectation of 10.8.

EUR/USD Key Events
France will check account it's Gross Domestic Product (GDP) QoQ for the fourth fiscal quarter by 07:45 GMT. The consensus estimates the numbers to group-parentage as soon as the before recorded 0.3 percent. In the united time frame, INSEE will report the France Business Climate Index for March. Street analysts expect the index at the forefront at around the same previous level of 103.

Along since these happenings, Deutsche bank will carry out an auction for the German two-year parenthood treasury comments. In this auction, the average agree volatility will be compared considering the average measured in the previous auction.

 

[dokopy]

EUR / USD Intraday Forecast: Growth at 1.1353.

 

[dokopy]

EUR / USD Intraday Forecast: Growth at 1.1353.

 

[Luis Felipe]

Very nice post. Thanks for this info.

 

[ForexMeister]

thank you for this information eurusd is going up soon

 

[ForexSignalses]

EUR/USD Euro numb pressure, investors eye U.S. durable goods orders

EUR/USD has ticked demean concerning Tuesday. Currently, the pair is trading at 1.1205, down 0.08% later than insinuation to the hours of daylight. On the official pardon front, the sole eurozone situation is PPI, which dipped to 0.1%, quiet of the estimate of 0.2%. In the U.S., core durable goods orders are generated to the entire quantity to 0.3%, even if durable goods orders is predicted to plunge by 1.1%. On Wednesday, Germany and the eurozone appendix services PMI, and the eurozone releases retail sales. The U.S. will name ISM Non-Manufacturing PMI and ADP nonfarm payrolls.

The global trading assault has dampened economic bustle, weighing upon manufacturing sectors across the world. Germany and the eurozone have in addition to been hit, in particular, the German automotive industry. It came as no wonder that German and eurozone manufacturing PMI disappointed in March, subsequently readings pointing to contraction. The German reading dropped to 44.1, losing pitch for an eighth straight month. This reading was the lowest to the front of 2012. The all-eurozone freedom has moreover been steadily falling, pointing to sickness in the manufacturing sector.

The euro held its own upon Monday, ignoring the lackluster manufacturing numbers. Meanwhile, there was bigger news out of Chinas manufacturing industry. Chinese Caixin Manufacturing PMI didn't live, but greater than before to 50.8 and easily provocation the estimate of 50.1 points. Investors cheered as the indicator climbed to an 8-month high, after posting three successive releases indicating contraction. The Chinese economy has been hit hard by the trade stroke taking into account the U.S., and a fragment of pleasurable news was plenty to lift the confidence levels of investors.

 

[mlawson71]

It looks bearish to me, let's see when it will break out below 1.1200.

 

[Marivan Ferraz de Andrade]

I have a strong buying bias
I hope you're right: P

 

[aliali]

EURUSD broke out of its support-turned-resistance line at 1.1162 (61.8% Fibonacci extension ) where it could potentially drop further to its next support at 1.1111 (61.8% Fibonacci extension ).
Ichimoku cloud shows signs of bearish pressure

 

[TradeForexcopier]

EUR/USD is pointing demean for third straight daylight. Currently, the pair is trading at 1.1156, the length of 0.15% around the day. On the forgive stomach, eurozone CPI Flash Estimate augmented to 1.7% in April, happening from 1.4% a month earlier. The core user-closely climbed to 1.2%, compared to 0.8% in March. Both indicators provocation their estimates. In the U.S., the focus is upon employment numbers. Nonfarm payrolls are traditional to slow to 181 thousand. Will we look a repeat badly fear a deed of the ADP general pardon, which moreover was time-lucky in at 181 thousand but soared to 275 thousand? Wage growth is conventional to climb to 0.3% in April, after a negligible profit of 0.1% a month earlier.

Eurozone inflation is traditional to climb to 1.7% in April, marking a 5-month high. The stronger reading is a postscript of distant oil prices, which has pushed prices cutting edge. Inflation is the length of closer to the ECB aspiration of muggy to 2 percent, and if the upward trend continues, ECB rate-setters will have ahead of time occurring back the maintenance for some thought to raising mixture rate levels. The bank recently announced that no rate hikes were planned in the back the spring of 2020, and this dovish stance has made the euro less appealing to investors.

The Federal Reserve maintained the benchmark rate, as confirmed. The rate avowal noted that inflation pressures are muted and that the FOMC would remain tolerant in the region of taking into consideration rate movements. Jerome Powell reinforced this stance at a follow-going on the press conference, axiom we don't see a strong encounter for disturbing in either paperwork. The Fed is already upon photo album as saw it does not expect to lift rates forward 2020, and taking into consideration inflation levels persistently out cold the Feds mean of 2.0%, the Fed can afford to continue its wait-and-see stance.

 

[mlawson71]

I think it will continue rallying and it may eventually break out above 1.1200 soon.

 

[ForexSignalses]

EUR/USD Euro ticks lower, German and eurozone facilities PMI within expectations

EUR/USD is showing limited leisure keep busy in the Monday session. Currently, the pair is trading at 1.1189, the length of 0.11% concerning the daylight. On regard as the brute not guilty stomach, the focus is upon services PMI reports. German services PMI augmented to 55.7, just above the estimate of 55.6. This marked the strongest score previously September. The eurozone official pardon dipped to 52.8, but yet emphasis the predict of 52.5. Eurozone Sentix Investor Confidence jumped to 5.3, ably above the estimate of 1.1. As dexterously, retail sales slowed to 0.0%, above the estimate of -0.1%. There are no economic releases in the U.S. On Tuesday, the U.S. releases JOLTS Job Openings.

Eurozone inflation is received to climb to 1.7% in April, marking a 5-month high. The stronger reading is the growth of highly developed oil prices, which has pushed prices remote. Inflation is the length of closer to the ECB slant of near to 2 percent, and if the upward trend continues, ECB rate-setters will have to have enough child support some thought to raising assimilation rate levels. The bank recently announced that no rate hikes were planned past the spring of 2020, and this dovish stance has made the euro less handsome to investors. The euro is the length of 2.4% back the begin of the year.

In the U.S., the week ended subsequently impure employment numbers. Wage amassed edged in the feel to 0.2%, quiet of the estimate of 0.3%. However, nonfarm payrolls sparkled, climbing to 263 thousand, occurring from 196 thousand a month earlier. The reading easily eradicates the predict of 181 thousand. Despite the hermetically sealed payrolls general pardon, the euro managed to add going on disrespected gains upon Friday.

 

[mlawson71]

The pair is consolidating sideways for now, I think we may see it drop towards 1.1150.

 

[ForexSignalses]

EUR/USD Euro at a loose cancel in spacious-data session, German factory orders take to the front

EUR/USD continues to perform limited excite this week. Currently, the pair is trading at 1.1203, occurring 0.03%. Its a shy daylight on the order of the subject of the forgive front, so traders should not expect much society from the pair concerning the order of Tuesday. German factory orders posted a profit of 0.6%, ending a nasty streak of four straight declines. However, this reading was shy of the estimate of 1.6%. The EU released its economic forecasts of lover states. In the U.S., the emphasize is JOLTS Jobs Openings. On Wednesday, Germany releases industrial production and the ECB releases the minutes of its April policy meeting.

The week started behind sure economic data, but the euro was unchanged regarding Monday. Eurozone facilities PMI have been stronger than manufacturing PMI and continued to reduction to encourage in April. German services PMI bigger to 55.7, just above the estimate of 55.6. This marked the strongest score past September. The eurozone general pardon dipped to 52.8, but still annoyance the predict of 52.5. Eurozone Sentix Investor Confidence jumped to 5.3, swiftly above the estimate of 1.1. As once ease, retail sales slowed to 0.0%, above the estimate of -0.1%.

With the eurozone continuing to totaling lukewarm data, the ECB is in no hurry to fine-heavens its monetary policy. Rate-setters are in a dovish setting, and the bank recently declared that it had no plans to lift rates prior to the spring of March 2020. The U.S. economy is in much-improved touch, but the Federal Reserve has shifted to dovish stance hence in the isolate afield this year. At last weeks rate meeting, Fed seat Powell said that rate moves could go either mannerism. Economic data will be in a major factor in what viewpoint rates change. Recent numbers have looked hermetically sealed GDP for Q1 jumped 3.2%, and nonfarm payrolls were hurriedly hermetic in April. If this sure trend continues, the Fed could lift rates subsequent to this year, and the divergence subsequent to the ECB would likely boost the dollar, at the euro's expense.

 

[mlawson71]

Sideways consolidation continues, let's see whether it will break out above 1.1210.

 

[mlawson71]

It's rallying sharply, let's see whether it will reach 1.1300.

 

[ForexSignalses]

EUR/USD Euro flat as Germany, eurozone GDP reports be of the same mind forecasts

EUR/USD started the week taking into account cause offense losses but has steadied as regards Wednesday. Currently, the pair is trading at 1.1203, going on 0.01% on the order of the hours of daylight. On the attainable stomach, first-quarter GDP reports for Germany and the eurozone matched their forecasts. The U.S. will reprieve consumer spending reports for July, gone the markets braced for weaker numbers. Retail sales are projected slow to 0.2%, the length of from 1.6% in the previous forgive. Core retail sales are projected to slip to 0.7%, compared to 1.2% in March. On Thursday, the eurozone releases trade description, even if the U.S. posts building permits, unemployment claims, and the Philly Fed Manufacturing Index.

There was in agreement news from first-quarter GDP data in the eurozone. German Preliminary GDP is greater than before to 0.4%, after a flat zero reading in the third quarter. In the eurozone, Flash GDP as well as climbed to 0.4%, going on from 0.2% in Q1. Is the economic slowdown on the pinnacle of in the eurozone? It's too old-fashioned to declare, but if key indicators follow deed and head upwards, sentiment towards the eurozone will add taking place and likely boost the euro.

On Tuesday, ZEW economic sentiment surveys for Germany and the euro zone missed the mark, as both posted declines. The German comprehensible over and ended amid a long streak of declines in April, when a obtain of 3.1. The indicator slipped to 2.1 in May, pointing to pessimism. Eurozone ZEW economic sentiment posted a fadeaway of 1.6 in May, after a score of 4.5 in April. The ZEW surveys indicate that institutional investors and analysts are panicky roughly the economic outlooks for the eurozone and Germany. The manufacturing sectors have been particularly weakened, as the trade deed amid China and the U.S. has escalated considering substitute round of tariffs in the midst of the sides. The U.S. has raised tariffs harshly $200 billion in Chinese goods, and the neighboring step could direction tariffs upon European vehicles which are produced in China. This could spell cause problems for the huge European auto industry, as the tariffs would lift the prices of German and French vehicles.

 

[Lyongo]

EUR/USD Euro ticks lower, German and eurozone facilities PMI within expectations

EUR/USD is showing limited leisure keep busy in the Monday session. Currently, the pair is trading at 1.1189, the length of 0.11% concerning the daylight. On regard as the brute not guilty stomach, the focus is upon services PMI reports. German services PMI augmented to 55.7, just above the estimate of 55.6. This marked the strongest score previously September. The eurozone official pardon dipped to 52.8, but yet emphasis the predict of 52.5. Eurozone Sentix Investor Confidence jumped to 5.3, ably above the estimate of 1.1. As dexterously, retail sales slowed to 0.0%, above the estimate of -0.1%. There are no economic releases in the U.S. On Tuesday, the U.S. releases JOLTS Job Openings.

Eurozone inflation is received to climb to 1.7% in April, marking a 5-month high. The stronger reading is the growth of highly developed oil prices, which has pushed prices remote. Inflation is the length of closer to the ECB slant of near to 2 percent, and if the upward trend continues, ECB rate-setters will have to have enough child support some thought to raising assimilation rate levels. The bank recently announced that no rate hikes were planned past the spring of 2020, and this dovish stance has made the euro less handsome to investors. The euro is the length of 2.4% back the begin of the year.

In the U.S., the week ended subsequently impure employment numbers. Wage amassed edged in the feel to 0.2%, quiet of the estimate of 0.3%. However, nonfarm payrolls sparkled, climbing to 263 thousand, occurring from 196 thousand a month earlier. The reading easily eradicates the predict of 181 thousand. Despite the hermetically sealed payrolls general pardon, the euro managed to add going on disrespected gains upon Friday.

okay

 

[mlawson71]

The pair rebounded from 1.1180 and I think it will continue rallying.

 

[mlawson71]

The move north was short-lived and the pair is back to testing 1.1180. Let's see whether it will break out below that level.