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EUR Daily Review November 7, 2019

EUR Daily Review for November 7, 2019

German Factory Orders rise 1.3% MoM in Sept vs. +0.1% expected, EUR/USD little changed


EUR Futures: downside momentum picks up pace

In light of preliminary figures for EUR futures markets from CME Group, investors added nearly 4.8K contracts to their open interest positions on Tues


EUR/JPY: Risk aversion in the spotlight ahead of EU/German data

Given the latest risk-off concerning the US-China trade relations, not to forget downbeat Japanese data and dovish BOJ minutes, the EUR/JPY pair stays downbeat.


Brexit Briefing: UK Election Campaign Begins, EUR/GBP Support Critical

Prime Minister Boris Johnson will confirm officially today that a UK General Election will be held on December 12. For EUR/GBP traders, the key level to watch is support at 0.86.


EUR/JPY trades within a tight range below 121.00

Alternating trends in both the single currency and the Japanese yen are motivating EUR/JPY to keep the sideline trade below the 121.00 handle for the


EUR/GBP currently in limbo as the UK grinds to a halt due to the elections

Once again in the UK politics are the main driver of price action and EUR/GBP is in a special place as it will affect both currencies. Today was supp


European retail sales tick higher year on year to 3.1%

EU retail sales have been mixed of late but today’s monthly number came in line at 0.1% but the year on year figure rose to 3.1%. Consumer spending i


European Monetary Union Retail Sales (YoY) registered at 3.1% above expectations (2.5%) in September

European Monetary Union Retail Sales (YoY) registered at 3.1% above expectations (2.5%) in September


European Monetary Union Retail Sales (MoM) in line with forecasts (0.1%) in September

European Monetary Union Retail Sales (MoM) in line with forecasts (0.1%) in September


EUR/USD Technical Analysis: extra losses now point to the 55-day SMA near 1.1040

EUR/USD Overview Today last price 1.1088 Today Daily Change 26 Today Daily Change % 0.14 Today daily open 1.1072 Trends Daily SMA20 1.1096 Daily SMA5


Euro area PMI data shows region ‘remains close to stagnation’

The final composite purchasing managers index for the euro area showed the region remained “close to stagnation” in October, according to IHS…


Banking Is Still Far Too Fragmented In The European Union

In the decade since then the regional economy of Europe has only registered growth above 2.0% for 34 months or 28.3% of the time.


EUR/JPY technical analysis: Euro trading at weekly lows against Yen near 120.55 level

EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). However, in last month the spot had a bull run to the 121.00 handle where the


Euro area economy is flirting with, but might technically avoid, a contraction – ANZ

Commenting on today’s macroeconomic data releases, “The euro area final composite PMI rose to 50.6 (from 50.2 in September) aided by modest rises in b


EUR/GBP technical analysis: Euro off daily highs trading near the 0.8600 handle

On the daily chart, EUR/GBP is trading in a downtrend below its main daily simple moving averages (DMAs). In the last weeks of trading, the optimism of a Brex


EUR/USD technical analysis: Euro ends Wednesday near three-week lows, trading sub-1.1072 swing low

The Euro, on the daily chart, is trading in a bear trend below the 100 and 200-day simple moving averages (DMAs). This Wednesday the market consolidated Tuesda


EUR/USD and GBP/USD Forecast November 7, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


British Pound Forecast: GBP/USD, EUR/GBP Eye BoE, UK Election

The British Pound will be bracing for the Bank of England rate decision and subsequent press briefing as the campaign season kicks off with Brexit uncertainty looming.


EUR/USD logs longest daily losing streak in two months

EUR/USD has charted the longest daily losing streak in two months ahead of the data in Germany, which is expected to show the factory activity contrac


EUR/GBP Technical Analysis: Death cross on the daily chart

EUR/GBP could soon pick up a bid as a lagging indicator has turned bearish for the first time since February. The so-called death cross seen on the da


EUR/USD Technical Analysis: Double top breakdown confirmed

EUR/USD’s bounce from 1.0879 has likely ended and the bears seem to have regained control, a bearish chart pattern indicates. On Wednesday, the pair c


Have a nice trading!

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