Euro (EUR/USD) Latest – The Bullish Trend Remains in Place as the ECB Talks Tough
EUR/USD Price, Chart, and Analysis ECB ramps up the hawkish rhetoric. EUR/USD benefits from ongoing US dollar weakness. Recommended by Nick Cawley Get Your Free EUR Forecast The European Central Bank is not for turning and will continue to raise interest rates, and keep them there for long enough, ‘so that we can return inflation […]
EURUSD: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
2023.01.20 2023.01.20 EURUSD: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1.0677 with a target of 1.1020 – 1.1300. Alternative scenario: breakout and consolidation below the level of 1.0677 will allow the pair to continue declining to the levels of 1.0475 […]
EUR/USD clings to mild gains near 1.0850 as ECB, Fed hawks jostle amid recession concerns
EUR/USD grinds higher around intraday top as it braces for the second consecutive weekly gain. Although Fed officials also sync the tune with ECB hawks, hopes of shorter recession in Europe favor bulls. Downbeat US data renew economic fears surrounding the world’s largest economy and probe DXY bulls. ECB President Lagarde’s speech, Fed talks before […]
EUR/USD aims to surpass 1.0840 as hawkish ECB bets soar
EUR/USD is looking to stretch its recovery move above 1.0840 amid soaring hawkish ECB bets. Weakness in S&P500 due to soaring recession fears are restricting the upside in the risk-perceived currencies. US Treasury yields have displayed a recovery after printing fresh multi-month lows. The EUR/USD pair is struggling to extend its rebound above the immediate […]
The rates market thinks EUR/USD can get close to 1.20 – SocGen
Societe Generale Research sees a scope for EUR/USD to exceed its year-end target of 1.12. “Our end-2022 forecast for EUR/USD is 1.12, and we’re conscious that the currency is rising much faster than expected. If we could get our heads properly around the idea that the energy crisis is over despite the war in Ukraine […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY
US Dollar, EUR/USD Talking Points: US Dollar weakness continued to show yesterday as DXY printed a fresh seven-month-low; but buyers put in a response in the latter portion of the session leaving that daily candle as a doji. As USD has built a short-term range, so has EUR/USD. GBP/USD is testing above a longer-term Fibonacci […]
Signs of a Risk-Off in Risk Asset Markets Curb Optimism in EURUSD
The minutes of the December policy meeting of the ECB released today reinforced the hawkish policy stance that the ECB tried to communicate during and after the meeting: the Bank is far from completing the tightening cycle and more rate hikes are necessary.The key takeaways of the December minutes were that “the direction of monetary […]
EURUSD Long Correction Likely To End Near 1.122
In the long term, the EURUSD currency is expected to form a bearish cycle impulse consisting of sub-waves I-II-III-IV-V. Most likely, the market is in a bullish correction wave IV. This complex correction is like a triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ look complete. The development of […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (19 January 2023)
2023.01.19 2023.01.19 Short-term analysis for oil, gold, and EURUSD for 19.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. EURUSD rose from […]
EUR/USD struggles around 1.0880s and tumbles below 1.0800
EUR/USD erases its earlier gains, despite registering a 9-month high around 1.0887. Big Tech companies slashing 28K jobs, and weaker US economic data, sparked recession fears. Fed officials support interest rate hikes until 5% or slightly above. EUR/USD reversed its course after hitting a nine-month high around 1.0887 on Wednesday after US economic data could […]