EUR News Reviews 

EUR Daily Review July 29, 2019

EUR Daily Review for July 29, 2019 EURUSD Oscillates After ECB, Gears up for US GDP Data Ahead EURUSD violently oscillated before settling unchanged after the ECB rate decision and commentary. The pair is now bracing for the release of US GDP data.   EUR Futures: neutral/bearish near term Preliminary figures for eur futures markets from CME Group noted open interest increased for the third session in a row on Thursday, this time by more   Forex Today: All eyes on US GDP after the ECB sends EUR/USD for a…

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EUR News Reviews 

EUR Daily Review July 26, 2019

EUR Daily Review for July 26, 2019 EURCHF Rate Trades to Fresh 2019 Low Ahead of ECB Meeting EURCHF trades to a fresh yearly-low ahead of the ECB meeting, with recent price action warning of a further decline as the bearish momentum appears to be gathering pace.   EURUSD May Break Through Critical Support After ECB Rate Decision EURUSD may finally capitulate and break below critical resistance-turned-support channel, exposing the pair to a rapid selloff if ECB commentary spooks Euro traders.   EUR/USD depressed near 1.1130 ahead of IFO, ECB…

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EUR News Reviews 

EUR Daily Review July 25, 2019

EUR Daily Review for July 25, 2019 Crude Oil Prices May See Clashing Cues in Eurozone PMI, EIA Data Crude oil prices might face conflicting cues as Eurozone PMI data warns of slowing global demand while EIA inventory data reveals a hefty drawdown.   When are the German/ Eurozone flash PMIs and how could they affect EUR/USD? Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of its impact on the European currenc   EUR/USD remains under pressure near 1.1140 ahead…

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EUR News Reviews 

EUR Daily Review July 24, 2019

EUR Daily Review for July 24, 2019 EUR Futures: dips look somewhat limited In light of flash data for EUR futures markets from CME Group, investors trimmed their open interest positions by just 804 contracts at the beginning   EUR/GBP technical analysis: 200-HMA can limit immediate rise inside ascending triangle Despite repeated failures to slip beneath 2-day long rising support-line, EUR/GBP upside is likely to be tamed by short-term key resistances on early Tuesday.   EUR/GBP rebounds from 0.8960, B.Johnson becomes UK PM After bottoming out in the 0.8960 region,…

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EUR News Reviews 

EUR Daily Review July 23, 2019

EUR Daily Review for July 23, 2019 EURUSD Rate Fails to Test Monthly Low Ahead of ECB Meeting EURUSD appears to be stuck in a narrow range ahead of the European Central Bank (ECB) meeting on July 25 amid the failed attempts to test the monthly-low (1.1193).   EUR Futures: squeeze higher in the pipeline? Open interest in EUR futures markets shrunk by around 3.5K contracts on Friday, while volume decreased by more than 24k contracts, according to flash   EUR/JPY Outlook: Euro May Resume Downtrend Against Japanese Yen See…

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EUR News Reviews 

EUR Daily Review July 22, 2019

EUR Daily Review for July 22, 2019 EURUSD May Rise if Sentiment Data Amplifies Fed Rate Cut Bets EURUSD may continue jumping if University of Michigan sentiment data shows weakness and amplifies what are already-aggressive Fed rate cut expectations   Dollar Tumbles as 50bp Fed Cut Baked In But Beware EURUSD, AUDUSD Trades Monetary policy was the top fundamental driver this past session as Fed speak leverage 50bp cut forecasts   EUR/USD: Another recovery – Commerzbank Karen Jones, analyst at Commerzbank, points out that EUR/USD pair is holding just above…

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EUR News Reviews 

EUR Daily Review July 19, 2019

EUR Daily Review for July 19, 2019 EUR/USD: Signs of recovery – Commerzbank Karen Jones, analyst at Commerzbank, suggests that EUR/USD pair is again showing signs of recovery just above the March and mid-June lows at 1.1181/76   EUR Futures: rebounds look shallow According to flash data for EUR futures markets from CME Group, investors added just 249 contracts to their open interest positions on Wednesday. Volu   EURUSD Nearing a Break as Price Coils Tighter Ahead of CB Meetings EURUSD is currently constrained by a series of lower highs…

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EUR News Reviews 

EUR Daily Review July 18, 2019

EUR Daily Review for July 18, 2019 EUR/USD attempts a recovery to the 1.1220 region The single currency is finally seeing some signs of relief in the middle of the week, taking EUR/USD to the 1.1215/20 band early in the European sessi   EUR/USD: Upside bias will prevail – Commerzbank Karen Jones, analyst at Commerzbank, points out that EUR/USD pair has sold off yesterday and attention has reverted to the March and mid-June lows at   EUR Futures: further downside on the cards According to preliminary figures for EUR futures…

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