|Day's Range||1.114 - 1.116|
|52 Week Range||1.1110 - 1.1815|
Johnson won 66% of the votes – 92,153, to Hunt’s 46,656. Earlier the day, the ECB addressed in its Bank Lending Survey that the loan demand would soar in the third quarter.
The Euro broke down below the short term support level that we have been in, so therefore this could lead for a move towards even more important support just below.
Like a freight train getting in motion, the euro also looks to be starting its move. This is not without consequences, as we’re keeping a close eye on the breach of several key chart features – that would make us pounce on the opportunity like a tiger. What else do we see across the currencies? For instance, our AUD/USD position continues doing well. See the rich details below.
Investing.com - The U.S. dollar surged towards five-week highs on Tuesday after U.S. President Donald Trump and Congres struck a deal to raisethe debt ceiling, easing fears of the government defaulting.
Based on the early price action and the current price at 1.1178, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 1.1185.
EUR/USD has broken out of a one-week range and appears to be making a run for stops below an important low set in the middle of June.
Since the US elections 2016, it seems that US political risk has been the main driver of Dollar volatility. Focus has turned on the rising speculation of a potential US Dollar intervention.
During the day, US President Donald Trump came up with another set of tweets, criticizing the Fed. Cable slowed down as Alan Duncan, Junior Foreign Office Minister, resigned today, over Hard Brexit concerns.
The Euro went back and forth during the trading session on Monday, testing the 1.12 level for support. However, we have been in a very tight 100 point range, and Monday has done nothing to change that overall thesis.
Based on the early price action and the current price at 1.1216, the direction of the EUR/USD the rest of the day is likely to be determined by trader reaction to a pair of Gann angles at 1.1223 and 1.1212.
Investing.com - The pound dipped on Monday as the U.K.’s conservative party begins voting on who will become the next leader of Parliament.
EUR/USD had some volatile swings last week but held within a range. With the ECB scheduled this week, a range break appears probable, the question is which way the exchange rate will break.
Markets have started the week under pressure. Expectations that the Federal Reserve will cut interest rates by 50 points in July collapsed from 60% to 23%.
Investing.com - The U.S. dollar inched up on Monday in Asia as investors turned their attention to global central bank decisions scheduled for the next two weeks, starting with the European Central Bank which meets on Thursday followed by the Bank of Japan and then the Federal Reserve next week.
Investing.com - The dollar pushed higher against the yen on Monday as investors tempered expectations for an aggressive Federal Reserve interest rate cut later this month.
It’s a big week ahead for the markets. Earnings, economic data, Iran, trade war chatter, and the ECB are all in focus.
The Euro continues to go back and forth overall for the week, as we are essentially in a 100 point range. This has been the case for two weeks now, as the market has no idea what to do next.
The Euro has fallen again during the trading session on Friday, as we continue to see significant resistance at the 1.13 handle. However, this is a market that also has significant support, so at this point in time I feel that we are simply floundering, looking for direction.
Based on the early price action and the intraday downside momentum, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the pivot at 1.1240.
Investing.com - The U.S. dollar was higher on Friday, even as expectations rose that the Federal Reserve will cut interest rates by half a point at the end of the month.
A speech from New York Fed President Williams yesterday has stirred expectations of aggressive easing and sent the dollar sharply lower.
Investing.com -- The U.S. dollar was consolidating at lower levels Friday morning in Europe and was on track to end the week roughly where it started, after a speech from New York Federal Reserve President John Williams revived hopes of a large interest rate cut at the Fed’s next policy meeting.
The Euro went back and forth during the trading session on Wednesday and followed the same path during the day on Thursday. Quite frankly, we just don’t have anywhere to be at this point, and therefore it’s probably a short-term scalping type of market.