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EUR Daily Review February 8, 2019

EUR Daily Review for February 8, 2019

EUR/USD bounces off lows near 1.1350 post-German data

The selling bias around the European currency stays well and sound so far this week and is now forcing EUR/USD to trade in fresh 2-week lows near 1.13


EUR/USD: Grinding slowly lower – Commerzbank

Karen Jones, analyst at Commerzbank, points out that the EUR/USD is continuing to grind lower and they would expect to see the market stabilise shortl


EUR futures: scope for some consolidation

In light of preliminary data for EUR futures markets from CME Group, investors added around 2.1K contracts to their open interest positions on Wednesd


GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP


European Commission Cuts Eurozone Growth Forecasts, EUR Sliding

The European Commission has cut its forecast for Eurozone GDP growth this year to 1.3% from 1.9% in a report that will do nothing to


EURUSD Price: Bearish Bias Remains as US Dollar Bulls Run

EURUSD continues to move lower on Euro weakness/US dollar strength double. And there could be more trouble ahead with the release of the European Economic


EUR/GBP clinches 0.8800 and beyond on steady BoE

The negative mood around the British Pound is now lifting EUR/GBP to fresh 2-day highs in levels beyond 0.8800 the figure. EUR/GBP up move bolstered


EUR/USD comes down to test 1.1330, 200-week SMA

Another bout of selling pressure is now pushing EUR/USD to visit the 1.1330 area, where sits the critical 200-week SMA. EUR/USD navigates 2-week lows


Eurozone: Downward pressure on growth – Westpac

According to Tim Riddell, senior markets strategist at Westpac, hopes are fading for German activity to rebound from the negative impacts of the diese


EU slashes euro-zone growth forecast to 1.3%, Italy only 0.2% – EUR/USD pressured

The European Union cut the growth forecast of the euro-zone from 1.9% to only 1.3% in 2019. The fresh data is even worse for Italy, the third-largest


European markets suffer Bank of England and the European Commission growth forecasts, FTSE drops over 1%

The UK’s top flight index stumbled as both the Bank of England and the European Commission have cut forecasts for growth in 2019 and 2020. The FTSE 10


ECB’s Coeure: Not enough evidence to conclude that euro zone facing serious slowdown

In an interview with Barron’s magazine, European Central Bank board member Benoit Coeure argued that there was not enough evidence to conclude that th


EUR/USD recovers from 2-week lows, turns flat above 1.1350

The EUR/USD pair extended its slide during the European trading hours and touched its lowest level since January 25 at 1.1324. However, with the green


EUR/GBP Technical Analysis: Euro takes a dive against Pound on BoE Super Thursday

EUR/GBP daily chart EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs). The Bank of England Super Thursday sen


FX Price Action Setups in USDCAD, USDJPY and EURJPY

The article accompanying this webinar can be found at the following:…


EUR/USD and GBP/USD Forecast February 8, 2019

The Euro initially fell during trading on Thursday but found enough support near the 1.1325 level to turn around and bounce. This ended up forming a bit of a…


Market Ends Lower Amid Concerns About Trade Deal, European Growth

Geopolitics came back with a bang today to pressure stocks as participants worried about a trade deal with China and eurozone economic growth.


EUR/GBP Technical Analysis: Will the Dominant Downtrend Resume?

The Euro is attempting to resume its dominant downtrend against the British Pound, but more closes to the downside in EUR/GBP are required before arguing


What to Expect from EURUSD Run, GBPUSD Stall and S&P 500 Correction Friday

The S&P 500 led risk assets lower amid news Trump and Xi wouldn’t meet before March 1 deadline to head off trade war upgrade


EUR/JPY Technical Analysis: Immediate support-line challenges sellers around 124.30

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are


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