Fundamental Outlook: EUR/USD
The main focus throughout the Asia-Pacific session was the Italian referendum which saw a victory for the ‘no’ camp with 59.26% of the votes. Consequently, EUR weakened across the board with EURUSD declining to 20-month lows, just short of the 1.0500 handle.…
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Fundamental Outlook: EUR/USD
The main focus throughout the Asia-Pacific session was the Italian referendum which saw a victory for the ‘no’ camp with 59.26% of the votes. Consequently, EUR weakened across the board with EURUSD declining to 20-month lows, just short of the 1.0500 handle.…
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Fundamental Outlook: EUR/USD
Over the Asia-Pacific session, the market’s focus has remained firmly fixed on the US Presidential Election with a Donald Trump victory looking all but certain along with Republicans retaining the House of Representatives and gaining the Senate. Consequently, USD has weakened across the board along with strength in safe-haven currencies given a strong risk-off tone across financial markets.…
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Fundamental Outlook: EUR/USD
Over the Asia-Pacific session, the market’s focus has remained firmly fixed on the US Presidential Election with a Donald Trump victory looking all but certain along with Republicans retaining the House of Representatives and gaining the Senate. Consequently, USD has weakened across the board along with strength in safe-haven currencies given a strong risk-off tone across financial markets.…
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Fundamental Outlook: EUR/USD
There was no tier 1 data or news of note during the Asia-Pacific session. USD has remained firm against its major counterparts with EURUSD continuing its decline, currently testing the 1.09 handle. There is no tier 1 data due in today’s London session with today’s main event being Canadian CPI later in the New York session.…
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Fundamental Outlook: EUR/USD
There was no tier 1 data or news of note during the Asia-Pacific session. USD has remained firm against its major counterparts with EURUSD continuing its decline, currently testing the 1.09 handle. There is no tier 1 data due in today’s London session with today’s main event being Canadian CPI later in the New York session.…
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EUR/USD reached a European session peak of 1.0995 on the back of positive IFO data, but then weakened and slid to the 1.0970 zone. Although the Ifo Business Climate Index for Germany fell to 108.3 in July 2016 from 108.7 in June, it beat market expectations of 107.5, as the mood among manufacturers and wholesalers deteriorated while constructors and retailers’ sentiment improved.…
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EUR/USD reached a European session peak of 1.0995 on the back of positive IFO data, but then weakened and slid to the 1.0970 zone. Although the Ifo Business Climate Index for Germany fell to 108.3 in July 2016 from 108.7 in June, it beat market expectations of 107.5, as the mood among manufacturers and wholesalers deteriorated while constructors and retailers’ sentiment improved.…
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- Terror attacks spark plunge in the euro
- Dollar strengthens further
The EURUSD on Friday hit a new low at 1.0956 before a small rebound, the pair has shown no intentions of rising further, after the ECB failed to pull the EURUSD above its previous range.…
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- Terror attacks spark plunge in the euro
- Dollar strengthens further
The EURUSD on Friday hit a new low at 1.0956 before a small rebound, the pair has shown no intentions of rising further, after the ECB failed to pull the EURUSD above its previous range.…
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Later in the day, PMI data from France, Germany and the Euro-Zone will be released, which can cause volatility in the EUR/USD pair. The following are the expected forecasts VS the previous data:
France PMI – Flash Estimates -PMI Markit- Manufacturing: 48 vs previous 47.9
Germany PMI – Flash Estimates -PMI Markit- Manufacturing: 53.5 vs previous 54.4
Euro-Zone PMI – Flash Estimates -PMI Markit- Composite: 52.5 vs previous 52.8
Euro-Zone PMI- Flash Estimates -PMI Markit- Manufacturing: 52 vs previous 52.6
Euro-Zone PMI – Flash Estimates -PMI Markit- Services: 52.3 vs previous 52.4
Ahead of these data, EUR/USD is relatively bullish.…
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Later in the day, PMI data from France, Germany and the Euro-Zone will be released, which can cause volatility in the EUR/USD pair. The following are the expected forecasts VS the previous data:
France PMI – Flash Estimates -PMI Markit- Manufacturing: 48 vs previous 47.9
Germany PMI – Flash Estimates -PMI Markit- Manufacturing: 53.5 vs previous 54.4
Euro-Zone PMI – Flash Estimates -PMI Markit- Composite: 52.5 vs previous 52.8
Euro-Zone PMI- Flash Estimates -PMI Markit- Manufacturing: 52 vs previous 52.6
Euro-Zone PMI – Flash Estimates -PMI Markit- Services: 52.3 vs previous 52.4
Ahead of these data, EUR/USD is relatively bullish.…
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Last week presented interesting opportunities in the foreign exchange market as the dollar reached a 3 week high rallying at 5.1% against the yen and making this its biggest weekly gain against the yen since February 1999. After sales data shockingly came in at 0.6% in June largely surpassing the estimated value of 0.1% set by analysts, the growth is not entirely surprising as this month’s dollar appreciation is being preceded by 2 consecutive months of growth for the Dollar.…
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Last week presented interesting opportunities in the foreign exchange market as the dollar reached a 3 week high rallying at 5.1% against the yen and making this its biggest weekly gain against the yen since February 1999. After sales data shockingly came in at 0.6% in June largely surpassing the estimated value of 0.1% set by analysts, the growth is not entirely surprising as this month’s dollar appreciation is being preceded by 2 consecutive months of growth for the Dollar.…
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