Euro (EUR)

EURUSD hits resistance The euro weakened after the ECB kept its accommodative stance unchanged. The single currency is hovering above the demand zone around 1.1710 on the daily chart. While an RSI divergence has shown a loss in the…
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As the second-quarter earnings season gets underway, more and more companies are reporting that they are facing logistics and supply issues. This has caused an increase in prices for their raw materials, which many are passing on to…
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On Friday, the euro closed out the week after hitting a multi-month low. Not all of that is attributed to dollar strength, though, as the greenback also slid in comparison to other currencies at the same time. Because of this, we could…
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Challenges Persist for the Dollar The US index continued its fall yesterday. It closed under 93 for a fourth consecutive day. Increased doubts about the durability of America’s economic recovery assisted the decline. In addition,…
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Uncertainty Looms on Jobless Claims Package The US Index halted its free-fall at the close on Tuesday. However, with the US far from reaching an agreement on its fiscal stimulus package, further weakness can be expected.  In addition,…
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Aside from the ZEW Economic Sentiment, the calendar for the EUR is thin this week. Therefore, EUR traders will want to keep an eye on the upcoming data. In January 2020, the German ZEW registered its highest print since July 2015.…
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Whether the United Kingdom will stay united after Brexit is a surprisingly fraught question. People have quite definitive opinions on the subject, which has a strong political component. As with all things political, it's not really…
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The last Friday of the month is crammed full of what are often second-tier GDP numbers. The markets see them this way as they are from smaller economies. However, they are just as relevant for their respective currencies, despite being…
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There are two major economic events tomorrow which could drive the euro. First, we have the release of German inflation data. We generally expect this to affirm the flash number provided at the beginning of the month. Then we have the…
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The European statistics agency, Eurostat will be releasing the preliminary GDP report for the third quarter today. During the three months ending September 2019, economists are optimistic that the eurozone economy grew at a pace of 0.2%…
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