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EUR Daily Review June 6, 2018

EUR Daily Review for June 6, 2018

EURUSD Chart: Ominous Death-Cross Portends Lower Prices

The daily EURUSD chart is showing a death-cross formation, a technical signal that normally means lower prices ahead.

 

DXY Index Turns Higher on Back of Mixed European PMIs

On balance, losses by the Euro have more than offset gains by the British Pound and Japanese Yen, allowing the DXY Index to rally.

 

A S&P 500 Break with No Progress, EURUSD Technical Pressure Building

Technically speaking, the S&P 500 and Nasdaq 100 posted new highs Tuesday. That hasn’t translated into a convincing trend however.

 

Euro stands tall; bullish sentiment held back as investors mull trade war ongoings

Asia lacked conviction this morning, with the major equity indices looking mixed although the majority of inidcies were mostly marginally higher up to the time of writing. Ths situation and handover from the US counterparts was very much the same.

 

Euro turns higher on report ECB to weigh QE exit plans

The euro EURUSD, +0.0000% turned positive on Tuesday following reports that the European Central Bank would use its next policy meeting to discuss an

 

Forex: Top FX Headlines: DXY Index Turns Higher on Back of Mixed European PMIs: 6/5/18

– The final May PMI readings for the Eurozone (and the individual countries) proved to be overall disappointing for the Euro. – However, out-performance by t…

 

EUR/USD and GBP/USD Forecast June 6, 2018

The EUR/USD pair initially fell during trading on Tuesday but turned around and show signs of strength as it was rumored that the ECB will be looking at the …

 

Have a nice trading!




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