Eurozone Articles

EUR/USD Superior Reward to Risk Ratio Target 1.19000

EUR/USD Superior Reward to Risk Ratio Target 1.19000   Historical resistance could now be current support at 1.18280 zone, where we must hawk any type of bullish candle reversal or price behaviour for upside entry. EUR/USD also has a 50% Fibonacci cluster at this zone providing further confirmation for support.…
September 15th

EUR/AUD Compressing for Upside Targeting 1.63980

Trend line set back in August through September intact and respected. EUR/AUD Setting up with defined risk parameters and attractive reward to risk ratio. Indicator and signals clustering = points EUR/AUD to upside before any major falls. Key Points: Price holding above the 200 EMA Price holding above the 50…
September 14th

Key Events to watch out for this week

Tuesday  EUR Gross Domestic Product (QoQ) (consensus -12.1%, previous -3.6%) – 10:00 AM BST Gross Domestic Product (YoY) (consensus -15%, previous -3.1%) – 10:00 AM BST The Worries around the health of the Eurozone have come into the spotlight amid a worrying set of trade data from Germany. Should the…
September 6th

EUR/AUD Superior Reward to Risk Ratio

Daily Chart: EUR/AUD has crossed below a weekly trend line set back from February 2017 and forming a bearish 5 wave wedge (ABCDE). To complete the wedge pattern, the EUR/AUD final wave E is now in play for upside before the next fall.  The open today MUST hold the bullish…
September 6th

EU Recovery Fund Meeting In Focus

Essential Insights The Euro is strengthening to a 4-month high ahead of EU recovery fund talks today, with European bond spreads tightening and European equity bourses advancing. AstraZeneca PLC gained positive momentum on the back end of promising initial vaccine test results. US covid cases rise 2.2% in a single…
July 20th

FX Daily Update – US Session 17th July 2020

Essential Insights Asian equity markets were mixed as covid-19 cases in the US spiked Miami Mayor suggested a stay at home order could be initiated if the situation worsens US President Trump announced a legislation to hold China accountable for actions in Hong Kong surrounding the new security law Disagreements…
July 17th

FX Daily Update – US Session 7th July 2020

Essential Insights The dollar index has resumed its bearish rally following concerning covid-19 data Melbourne, Australia has been placed under lock-down restrictions for 6-weeks due to covid-19 risks increasing in Australia The ECB has slashed Eurozone growth forecasts for 2020 & 2021, following a slower than expected economic recovery The…
July 7th

FX Daily Update – US Session, Firmer USD But Quite Markets

UK June GfK consumer confidence was slightly better than expected (‐27 vs. ‐29). The rebound in confidence has been limited so far, relative to other activity and sentiment data  Dollar slightly firmer after positive NFP data but lacks real conviction US covid-19 cases reach 56.k (another new record) in just a single day
July 3rd

US Session, Firmer USD But Quite Markets

UK June GfK consumer confidence was slightly better than expected (‐27 vs. ‐29). The rebound in confidence has been limited so far, relative to other activity and sentiment data  Dollar slightly firmer after positive NFP data but lacks real conviction US covid-19 cases reach 56.k (another new record) in just a single day
July 3rd

US DOLLAR TO EXPLODE HIGHER ?

The US dollar remained firm at elevated levels during the Asian trading session following a correction lower for risk assets yesterday. The S&P 500 index slipped  2.6%, as the conditions for risk assets dampened, reflected a strong risk-off tone. Risk assets will find it difficult to gain firm footing as…
June 25th

New Tariff War? US vs EU and UK

The U.S. is activating new tariffs on $3.1 billion of exports from France, Germany, Spain, and the U.K.
June 24th

ECB Goes Above and Beyond

General markets were expecting the ECB to increase their PEPP programme (pandemic emergency programme). The consensus from the market , expected an increase by around EUR 500bn , however the ECB actually increased this to EUR 600bn.
June 5th

EUR/USD – ECB Backed Support But Will It Last?

EUR/USD has failed to sustain prices above 1.1000 , but downside risks have been reduced.  Whilst the initial rejection from the 1.1000 level may be seen as a ceiling from further upside, there are reasons as to why EUR/USD may be building a stronger support to move higher from. The…
May 23rd

EUR/USD – Euro existence under threat?

EUR/USD is currently trading in a channel range. Reduced bets on Euro advancement. European Leaders are struggling to form unity.
May 13th

Could the EUR/USD Reach the 1.0985 Mark Again?

EUR/USD has been ranging between two marks the 1.0770 & 1.0985 levels. Negative news coming for the biggest economy in the world. A potential move from the bulls towards the 1.1000 level
May 11th

The Euro Jumped More Than 1.3% on Thursday

The ECB lowered the interest rate. Huge move for the EUR/USD reaching the 1.0975 mark. US Unemployment claims increased comparing to the previous week
May 1st

GBP/USD Update 29 March 2020

4 Hour Chart – GBP/USD 29/04/2020 19:30pm Essential Insights: Cable is moving in a consolidative state, with a slight bearish tone. The is UK facing continued pressure to achieve a Brexit deal with the EU. Technical: As discussed in the recent GBP/USD brief (27/04/2020), prices are still moving within the…
April 29th

How Will the Euro React Along With a Bearish Sentiment Towards the US Dollar?

Investors have a neutral sentiment towards the Euro currency. Spain and Italy relax COVID-19 restrictions
April 14th