|Day's Range||0.889 - 0.89|
|52 Week Range||0.8137 - 0.8941|
Investing.com - This week investors will be looking ahead to Friday’s data on U.S. first quarter growth, which is expected to show that the economy is stabilizing after a recent soft patch.
USD/JPY sustained near the 112 levels, staying apathetic over BoJ’s bond purchase cuts. The EUR/USD showed less reaction to the greenback weakness today. USD/RUB marks day’s high near 64.05 levels.
The Euro fell during the week, reaching down towards the 1.12 level yet again. Now having said that it’s likely that we have a big fight on our hands just below current trading.
The Euro bounced slightly during trading on Friday as low-volume would have made this an unreliable market. We are currently trading around a major support level though, so a bounce would have course made quite a bit of sense.
The U.S. dollar is holding near a two-week high on Friday, on what has been a quiet session for currencies with most other major U.S. and global exchanges closed for the observance of Good Friday.
Based on Friday’s limited price action, trader reaction to the short-term Fibonacci level at 1.1238 is likely to determine the near-term direction of the EUR/USD. Essentially, the EUR/USD could strengthen over 1.1254 and weaken under 1.1238. However, the extremely light volume will lead to limited gains and limited losses. Furthermore, buying strength and selling weakness is not advised today.
Global equity markets struggled for direction during Friday’s trading session as activity continued to decelerate ahead of the Easter Bank holiday weekend.
The Dollar index has risen to a 5-month highs after disappointing EU PMI reports. GBPUSD just fell below 1.30 and now is trying to stay above its MA(200). EURUSD is eyeing key support at 1.1200. AUDUSD failed with growth.
The Euro bears remain subdued anticipating the strong expected US Housing data. Notably, the 200-days SMA traded 39 pips above the EUR/USD alluding a bear call.
With the major financial markets closed for the day, volumes will be on the lighter side. U.S housing data will be the only numbers for the Dollar to respond to.
The AUD/USD enjoyed a 0.39 percent boost in the Asian session following strong employment data. The Cable underwent extended slump even in the absence of Brexit headlines.
The Euro broke down significantly during the day on Thursday but continues to see a lot of support just below. With that being the case, it’s very likely that the market will continue to be choppy and difficult to deal with but in the end it’s very likely that the market participants are watching major levels underneath.
Investing.com - The U.S dollar jumped against its rivals on Thursday as mostly upbeat economic data pointed to strength in the underlying economy.
The euro feels pressure after a disappointing round of purchasing managers index readings point to further weakness in eurozone activity.
Based on the early price action and the current price at 1.1241, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the potential support cluster at 1.1238.
European stocks were down on Thursday ahead of the Easter break, as yet more indicators pointed to malaise in the region’s economy. In the U.K., the FTSE 100 (UK:UKX) lost 0.2% to 7457.02 after finishing flat the previous day, while Germany’s DAX fell by 0.3% to 12,122.03 and France dipped 0.4% to 5,542.17. Italy’s FTSE MIB (IT:I945) was the biggest loser among regional indices on Thursday, swooning 0.6% to 21,873.95.
The pair had risen yesterday following strong Chinese macro data. Today, it needs something more of power to impress the euro bulls.
Investing.com -- The euro is trading sideways against the dollar early Thursday in Europe, awaiting what are likely to be market-moving business surveys from around the region.
Investing.com - The Australian dollar rose on Thursday in Asia on stronger-than-expected jobs data for March. The euro also inched up ahead of the release of euro zone PMI data later in the day.
The loonie touched the month low near 1.3272 levels amid influential Canadian CPI figures. GBP/USD doused in plunge as events came out below-expectation. This time, the EIA reported a negative US Crude Inventory data.
The Euro rallied significantly during the trading session on Wednesday again, but as we have seen before, the sellers came back in and pushed things back down. We continue to hover around the crucial 50 day EMA.
Investing.com - The U.S. dollar was flat against its rivals Wednesday. The Fed's Beige Book noted moderate wage growth, but that drew a muted reaction from the greenback.
Based on the early price action and the current price at 1.1303, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1294.
The U.S. dollar was off slightly versus its biggest rivals Wednesday after data showed the pace of Chinese economic growth steadied in the first quarter, helping to soothe fears of a global economic slowdown. The ICE U.S. Dollar Index (DXY) a measure of the currency against six major rivals, was off 0.1% at 96.918. China’s economy grew 6.4% year over year in the first three months of 2019, according to government data, matching the pace of growth in the final quarter of 2018 and coming in slightly above expectations for an expansion of 6.3%.