EURUSD=X - EUR/USD
| Previous Close | 1.083 |
| Open | 1.083 |
| Bid | 1.083 |
| Day's Range | 1.081 - 1.083 |
| 52 Week Range | 1.0655 - 1.1496 |
| Ask | 1.083 |
Yahoo Finance VideoUK economy sees worst job losses in decades
UK firms have suffered their worst month of trading and job losses in decades due to the coronavirus pandemic. Yahoo Finance’s Edmund Heaphy joins the On The Move panel to discuss.
- FX Empire
The Week Ahead – Monetary policy, Economic Data, COVID-19, and Geo-politics are in Focus
It’s a busy week ahead. Monetary policy, Economic Data, COVID-19, corporate earnings, and Geo-politics are in Focus
- FX Empire
EUR/USD Weekly Price Forecast – Euro Shows Negativity for the Week
The Euro broke down a bit during the week, as we continue to see the Euro struggle. The 1.08 level looks as if it is trying to stabilize the currency, but one thing that you cannot ignore is that we are most decidedly in a downtrend.
- FX Empire
EUR/USD Price Forecast – Euro Recover Slightly
The Euro initially fell during the trading session on Friday but then turned around to save itself below the 1.0750 level. Having said that, the highs continue to get lower in this pair.
- FX Empire
EUR/USD Mid-Session Technical Analysis for April 24, 2020
Based on the early price action and the current price at 1.0795, the direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to yesterday’s close at 1.0776.
- FX Empire
EUR/USD Daily Forecast – Euro Recovers as the Dollar Index Battles Resistance
EUR/USD is seen recovering from fresh weekly lows in early trading on Friday as the trade-weighted dollar index faces resistance.
- FX Empire
EUR/USD Forex Technical Analysis – Down Trend Continues Ahead of German ifo Business Climate Report
The main trend is down according to the daily swing chart. The next major downside target is the March 23 main bottom at 1.0636.
- Investing.com
Stocks - U.S. Futures Higher; More Stimulus on Way
U.S. stocks are set to push higher Friday, with investors showing cautious optimism over the combination of more Federal stimulus and individual states starting to reopen the economy. At 07:15 AM ET (1115 GMT), S&P 500 futures traded 25 points, or 0.9%, higher, Nasdaq futures up 62 points, or 0.7%. The Dow and S&P 500 cash indices are on course for their best months since October 2011.
- Investing.com
Dollar Pushes Higher as Drug Trial Disappoints
The U.S. dollar has been in demand Friday, as disappointment surrounding a trial for an antiviral drug to combat Covid-19 deflated hopes for a quick breakthrough in bringing the pandemic under control. At 3:15 AM ET (0715 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.950, up 0.4%, and at levels not seen since the beginning of April. Doubts have emerged over the efficacy of Gilead (NASDAQ:GILD) Sciences’s antiviral drug remdesivir in treating the Covid-19, after the Financial Times reported overnight that it had failed its first randomized clinical trial.
- FX Empire
As Governments Look to Ease Measures, the EU Project and EUR Remain Under Fire
Economic data will likely take a back seat today, with all eyes on the EU. Member states continue to battle over delivering an aid package that will be a test for the EUR.
- FX Empire
EUR/USD Price Forecast – Euro Continues to Chop Up Trading Accounts
The Euro initially fell during the trading session on Thursday but has found a bit of interest near the 1.0750 level as it continues to be very choppy as per usual.
- FX Empire
EUR/USD Daily Forecast – April Low in Sight After Record Fall in Euro PMI
EUR/USD is on pace to post a fourth consecutive day of declines as weak PMI data triggered a renewal of bearish pressure.
- MarketWatch
Flash eurozone services PMI slumps to record low 11.7 in April
The IHS Markit flash eurozone services purchasing managers index in April skidded to a record low of 11.7 from 26.4 in March, while the manufacturing PMI fell to a 134-month low of 33.6 from 44.5. Economists according to FactSet had expected a reading on the services PMI of 24 and 39.2 for manufacturing, on a scale where any reading below 50 indicates deteriorating conditions. The French services PMI fell to 10.4 in April from 27.4 in March, a record low, and the German services PMI dropped to 15.9 from 31.7. The flash estimate is based on around 85% of total PMI survey responses each month.
- FX Empire
April PMIs, Brexit Talks, an EU Summit, and COVID-19 to Keep the Markets Busy
It’s a hectic day ahead. Private sector PMIs, an EU Summit, Brexit talks, and further updates on the coronavirus and lockdown measures are in focus.
- MarketWatch
ECB will allow some junk-rated debt to be used as collateral in event of downgrades
The European Central Bank on Wednesday said it would allow some debt to continue to be used as collateral by banks in the event of downgrades to below investment-grade status. The ECB said assets, with the exception of asset-backed securities, that were rated BBB-, the lowest investment grade, as of April 7 would remain eligible to be used as collateral for loans from the ECB provided they remained in the upper tier of credit quality criteria for non-investment grade assets. The move comes amid fears Italian government debt could be downgraded in coming days or weeks amid the coronavirus crisis. The ECB also said that it may decide, "if and when necessary, to take additional measures to further mitigate the impact of rating downgrades, particularly with a view to ensuring the smooth transmission of its monetary policy in all jurisdictions of the euro area."
- FX Empire
EUR/USD Price Forecast – Euro Continues To Grind
The Euro rallied slightly during the trading session on Wednesday, but as you can see is not really going anywhere at this point. More than likely, this is a market that will continue to see a lot of negativity going forward but in a slow manner.
- FX Empire
EUR/USD Mid-Session Technical Analysis for April 22, 2020
Based on the early price action and the current price at 1.0861, the direction of the EUR/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the minor top at 1.0897 and the minor bottom at 1.0812.
- FX Empire
EUR/USD Daily Forecast – Euro Edges Higher on a Broadly Weaker Dollar
The US dollar has pared back some gains in the early day which is underpinning the EUR/USD exchange rate.
- FX Empire
Oil Price Turmoil Sours Market Mood, Dollar Steady
Most Asian stocks were shaky on Wednesday morning as oil prices clawed back some of their record-setting losses amid fears of a prolonged coronavirus economic downturn.
- FX Empire
EUR/USD Triple Bottom Gives Hope to Reversal Bulls
EUR/USD is in a tight 75 pip range for the first time in 2020. The large volatility of this year has been replaced by a triangle pattern and is now waiting for a breakout.
- Investing.com
Stocks - Europe Posts Gains as Reopenings Draw Nearer
Elsewhere, gold futures rose 2% to $1,721.45/oz, while EUR/USD traded at 1.0865, up 0.1% on the day.
- FX Empire
Commodity Currencies Find Early Support, with Inflation Figures Putting the GBP and Loonie in Focus
Crude oil prices give commodity currencies an early boost ahead of inflation figures later today that put the GBP and Loonie in focus.
- FX Empire
EUR/USD Forex Technical Analysis – Strengthens Over 1.0892, Weakens Under 1.0831
The key upside targets are the 50% level at 1.0892 and the minor top at 1.0897. The latter is a potential trigger point for an acceleration into the next 50% level at 1.0958.
- FX Empire
EUR/USD Price Forecast – Euro Has Negative Tuesday
The Euro has fallen a bit during the Tuesday session, reaching towards the 1.08 level again. Ultimately, this is a market that looks as if it is trying to break down significantly, and therefore if we can clear the 1.08 level which should lead to further selling.
