|Day's Range||1.127 - 1.128|
|52 Week Range||1.1186 - 1.2478|
Yahoo Finance’s Scott Gamm tells Alexis Christoforous that he understands why the markets are reacting to Germany’s slowdown, considering it is the second biggest economy in Europe.
The U.S. dollar rebounds from some modest losses in Tuesday trading, shaking off a weaker-than-anticipated consumer-confidence read.
The Euro fell a bit during the trading session on Tuesday, as we continue to bounce back and forth. There is a larger consolidation that continues to dictate where we go, so obviously we have boundaries to work with.
Based on the early trade, the direction of the EUR/USD on Tuesday is likely to be determined by trader reaction to the 50% level at 1.1313 and the downtrending Gann angle at 1.1305.
The pair retains bearish bias on cues from bond market but macro data updates are to provide short term directional cues and profit opportunities.
A better start to the day is on the cards if the futures are anything to go by. Sentiment could rapidly shift, however, should bond yields hit reverse.
Many currencies, including the majors, are retracing last week’s movements on Monday, leading to little action in the U.S. dollar and euro, as well as a rebound from losses in emerging markets.
The Euro rallied a bit during the trading session on Monday, as Europeans came back to work. Ultimately, we are reaching towards the “fair value” of an overall consolidation area, so it’s likely that we will see a lot of back-and-forth.
Investing.com - The dollar traded lower against its rivals on Monday as U.S. government bond yields extended their rout from last week amid ongoing fears of slowing global growth.
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 1.1310 and the uptrending Gann angle at 1.1297. Using the short-term retracement zone for guidance, look for an upside bias to develop on a sustained move over the 50% level at 1.1313 and for a downside bias to develop in a sustained move under 1.1281.
Mueller Clears Uncertainty on Trump-Russia Probe. Asian Trades Opened Low Amidst Fear On Global Economic Sluggishness.
Both EURO & US Suffers from dovish cues influenced by Government bond performance resulting in rangebound price action.
The Euro fell hard during Friday’s session, breaking below the crucial 1.13 level after getting poor German economic numbers. The market is likely to keep volatile as fears of a global recession growing strong after US bond yield curve inverts for the first time since 2007. The 1.1250 level underneath should attract a lot of attention and if the pair breaks below the 1.12 level, then it would be extremely negative and will open the door towards 1.10 level. …Read MoreGBP/USD
Risk aversion hits the markets early, as Theresa May prepares to lay down her Brexit plans in a bid to gain support for her deal. A resignation?
Investing.com -- The dollar is edging lower early Monday in Europe but holding on to most of the gains it made during Friday’s big risk-off movement in global markets.
Risk aversion hit the Asian markets early, pulling the European and U.S futures into the red. Bond yields did the damage, as bond yields tumbled.
Brexit, U.S – China trade talks, the Robert Mueller Report and a mass of economic data will provide the markets with plenty to consider in the week ahead.
Investing.com - This week investors will get to hear remarks from a number of Federal Reserve speakers as they continue to await developments in the U.S.-China trade talks and Brexit will also remain in the spotlight after EU leaders granted the U.K. a two week deadline extension.
The U.S. dollar climbs in Friday trading, as investors grapples with an inverted U.S. Treasury yield curve and another round of disappointing economic data in the eurozone region that put pressure on the euro.
Equities slid after new reports showed that the manufacturing industries in the U.S. and Germany slid in March, fueling concerns of a global slowdown.