Euro (EUR)

Normally, the release of the eurozone inflation data isn't that much of an event for the markets. This is because we get the result from the publication of the major EU economies' CPI figures in the days ahead. Traders already know what…
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EURUSD seeks support The US dollar advanced after the Philadelphia Fed President commented in favor of tapering this year. The single currency has not looked back after it turned away from the daily resistance at 1.1920. The bulls'…
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EURUSD tests support The euro steadied after the ECB signaled it would reduce its bond-buying under PEPP. The pair is looking for support after it met strong selling pressure at the daily resistance near 1.1900. An oversold RSI has…
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Now that most major economies are in taper mode, the question is whether the ECB will join in. There are many reasons to expect a reduction in asset purchases. But the ECB is also in the "best" position among major central banks to…
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AUDUSD seeks support The Australian dollar turned south after the RBA signaled an extension of its QE program. The pair’s rapid rise above the daily resistance (0.7400) has pushed sellers to the exit. However, the RSI’s repeated…
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EURUSD climbs as price pressure rises The euro inched higher supported by improved economic data. Inflation in August overshot to a decade high by a full percentage point above the central bank’s target. This has placed…
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XAUUSD tests daily resistance Gold consolidates recent gains ahead of the US jobs reports. Traders are looking for direction after the metal recouped most losses from the August sell-off. 1832 is major resistance on the daily chart.…
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Tomorrow is the first of the month and the day arrives with a treasure trove of data from Europe. Given the importance of the figures' release, we can expect some extra volatility in the pound and euro pairs. Lately, both currencies have…
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GBPUSD breaks resistance The US dollar tumbled after Fed Chairman Jerome Powell said it was too early to withdraw support. The pair has seen solid buying interest at the daily support (1.3600). After a short-lived consolidation…
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