Euro News

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD trended downwards last week, just as it was expected. Price moved sideways from Monday till Wednesday, when it started dropping further downwards. The support line at 1.0400 was tested, and although price closed above it, it would be tested again. The outlook on […]

“It’s Monday morning. You are warm and toasty in your bed, hearing the world around you wake up. You allow yourself a little sleep in, and then pull open the curtains. Your swimming pool is shimmering in the sun light, and your outdoor lounge beckons. After a satisfying breakfast, the markets open, and you casually […]

Paysafe Group stock (LSE:PAYS) looks like another dead-cat-bounce scenario. Price moved sideways in June and July, rose gradually in August and September, came down gradually in October and November, and then crashed this month. Following the crash is an upwards bounce in the market… But it has not overridden the current bearish outlook. Price is […]

Yesterday the main focus was on the Bank of England’s policy meeting and US inflation data. They were both non-events, as the BoE kept policy measures unchanged, although the statement that followed focused on the recent appreciation in Sterling, as it is expected to limit the inflationary pressure relative to the target in the medium […]

In keeping with market expectation, the US Federal Reserve has increased interest rates by 0.25% buoying up the Greenback. Fed Chair Janet Yellen has finally shown some optimism on the US economy by signalling that the Federal Reserve will increase rates 3 times next year and that the US economy does not need to rely […]

For the second day running, currency markets have traded within narrow ranges. We’ve also continued to see Sterling gain some positive momentum against the euro, US dollar and most other currency pairings. Meanwhile, EUR/USD has struggled, and seems to be unsure of its true trend for the week, as it continues to yo-yo. Today, the […]

Today, the UK publishes one of its most scrutinised piece of data before the Christmas closure, the Consumer Price Index. With expectations of a rise to 1.1%, the pound could see gains this morning, although the US interest rate rise expected tomorrow may claw back Tuesdays gains & cause market volatility. The long term plan […]

The euro remained under pressure heading into the weekend as traders continued to disseminate the outcome of last Thursday’s ECB Meeting with Mario Draghi’s dovish comments that the ECB would be active in the market for a long time to come not helping the cause. Also placing pressure on the downside were the ECB’s projected […]

The USD/JPY consolidated last week, and then began to trend upwards on Friday. There is a Bullish Confirmation Pattern in the 4-hour chart, and since the outlook on JPY pairs remains bullish for this week, the USD/JPY would also normally trend further upwards. The targets for this week are located at the supply levels of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair made some bullish attempt in the first few days of last week. Price rallied 300 pips, testing the resistance line at 1.0850, before it began a serious bearish movement. The bullish gains that were initially made last week, were eventually lost as […]