News Regulators 

EUR/USD sellers reclaim near-term control, what’s next?

“Sellers may have seized near-term control again but with the Fed meeting tomorrow, price could potentially sit in this area (further support around 1.0985) close to 1.1000 before finding more direction this week” reports forexlive.com. Of note, there are also large expiries rolling off at 1.1000 today (€856m) and tomorrow (€1.6bn) so that may factor into price action being a bit more “sticky” at current levels ahead of the Fed decision tomorrow. Source: forexlive.com

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Markets News Regulators 

EUR/USD has room to fall as ECB QE may never end

“On the one hand, the ECB has cut interest rates by only ten basis points from -0.40% to 0.50%” writes Yohay’s Google Profile for forexcrunch.com. Moreover, the ECB bought €80 worth of bonds at the peak of the Quantitative Easing (QE) program and €60 billion throughout long periods between 2015 to 2018.The previous statement pledged to keep low rates through the first half of 2020.Moreover, the bank accompanied the reduction with a tiering system which exempts some banks from the punitive, negative rates. Source: forexcrunch.com

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News 

EURUSD trades lower and cracks longer term trend lines

“Taking a broader look at the weekly chart, the pair also fell below a trend line on the weekly at 1.0941 (see chart below)” reports forexlive.com. The EURUSD kept the pressure on the pair, falling below a trend line on the daily at the 1.0962 level.If they cannot get and keep the price above the broken trend lines, the sellers remain more in control.With the price trading at the lowest level since since 2017, the onus is on the buyers to take back control. Source: forexlive.com

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GBP News 

EUR/USD Forecast September 2-6 – Euro crashes below 1.10 on weak German data, Brexit worries

“There was no relief from retail sales, which plunged 2.6% in June, the sharpest decline in 2019” writes Kenny Fisher for forexcrunch.com. Second-estimate GDP for Q2, came in at 2.0%, matching the estimate.Eurozone CPI came in at 1.0%, matching the estimate but well below the ECB target of just below 2.0%.German numbers were soft last week, as the eurozone locomotive continues to show signs of weakness.This was a slight downward revision from initial estimate, which came in at 2.1%. Source: forexcrunch.com

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News Regulators 

Trade wars come to haunt EUR/USD

“He added that the latest developments in the trade war are not reflected by the survey” writes Yohay’s Google Profile for forexcrunch.com. However, the US-Sino trade war stole the show.These include new duties on $75 billion of American goods entering the world’s second-largest economy – including on crude oil.The intensifying trade war between the US and China has rescued the euro from falling into the abyss – again – but probably for the wrong reasons.See US Durable Goods Orders Preview: Business and consumer spending diverge Apart from this data point, the ongoing US-Sino…

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News 

EURUSD falls below one of two trend lines. Trades near lows of day.

“Toward the end of the day, a topside trend line target was tested/breached” reports forexlive.com. There was a retest of the underside that trend line which held, keeping the sellers more in control at least intraday.The subsequent decline, has sent the price below a trend line connecting lows from Monday Tuesday and Wednesday.That trend line currently comes in at 1.12917.Below that level is a lower trend line that connects last week’s low with this week’s low from Monday. Source: forexlive.com

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News Regulators 

EUR/USD Forecast March 11-15- Dovish ECB sends euro to 21-month low

“With the ECB in no mood to raise rates anytime soon, investors are not finding the euro particularly attractive, even with the Fed sending a dovish message to the markets” writes Kenny Fisher for forexcrunch.com. Nonfarm payrolls were a disaster, plunging to just 20 thousand, This was much worse than the forecast of 180 thousand.Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. A dovish message from the ECB was clearly not to investors’ liking, as the euro fell sharply. Source: forexcrunch.com

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Markets News 

EUR/USD experiences some calm after overnight drop, what are the charts saying?

“As it stands, yesterday’s rate/forward guidance shift doesn’t do much to alter pricing of ECB rate hikes by markets” reports forexlive.com. But in the context of expectations for yesterday’s meeting, it was the most dovish the central bank could’ve afforded to communicate to markets. Source: forexlive.com

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Markets News Regulators 

EUR/USD: 3 reasons why it could rise on the ECB

“EUR/USD is hugging the 1.1300 level once again, trading in a narrow range as tension mounts ahead of the all-important decision by the European Central Bank” writes Yohay’s Google Profile for forexcrunch.com. And the pair is trading well below the 50 and 200 Simple Moving Averages on the four-hour chart. Source: forexcrunch.com

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