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The FxPro Analyst Team

Midday EURUSD roundup

The dollar index has fallen this afternoon to 93.50, to the lowest levels in more than three months. EURUSD is at 1.1760. Growth has accelerated after taking an important resistance area around 1.1700. Bullish: British Pound growth by more than 1% close to 1.3300 on commentaries about the progress in negotiations between the EU and the UK leaders on Brexit. The dollar is on the decline across the market, due to a restoring of the demand for risk assets. Bearish: U.S. Initial Jobless Claims are ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 94.90, having lost 0.2% within last 24 hours after weak U.S. PPI data. EURUSD is trading near 1.1620. Despite some weakening since the beginning of the European session, the pair manages to hold above the important 1.1600 level. Bullish: Overcoming the important resistance at 1.1600, which is able to become a short-term support. Improved mood on the EM markets after a rebound from 14-month lows. Bearish: The slowdown in Germany’s CPI is confirmed. Caution ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 95.20, almost unchanged for past 24 hours. EURUSD is trading near 1.1580. Bulls attack to levels above 1.1600 were stopped several times this week. Bullish: Increased demand for risk assets. Improving the mood in developing country markets on strong data from the U.S. Bearish: Decline in euro area Industrial Production by 0.8% for the second month in a row. Next focus on: U.S. Producer Price index at 12:30 GMT. Fed’s Beige Book at 18:00

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 95.50, recovering to 2-week highs. EURUSD is trading near 1.1550, having returned to a decline at the beginning of the day against the backdrop of the demand for the dollar as a protective asset against problems with the EM currencies. Bullish: Technical rebound after a sharp decline at the beginning of the day. The upward revision of composite PMI for the euro area. The correction of the dollar index after having touched the 2-week highs. Bearish: Demand ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 95.10, adding 0.5% to this time at Friday. EURUSD is trading near 1.1600, virtually unchanged today after decline by 0.6% on Friday. Trading volumes and volatility are contained due to Labor Day holyday in the U.S. and Canada. Bullish: Technical rebound after strong negative impulse on the previous session. Short-term support on dips to 1.1600. Bearish: Downward revision for Manufacturing PMIs for German, France, slowing of Italy. Safe haven demand on ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 94.60, losing 0.2% for the last 24 hours. EURUSD is trading near 1.1690. The rise of the British Pound on Wednesday evening returned the pair to the levels above 1.1700, but now the momentum seems to be exhausted. Bullish: Optimism around the prospects of the UK-EU deal. The decline in the number of unemployed in Germany in August for 14 months in a row. Bearish: Upward revision of U.S. GDP growth in 2q18 from 4.0% to 4.2%. The fall of the Turkish Lira for ...

The FxPro Analyst Team

Midday EURUSD roundup

USD is trading at around 95.10 for DXY, decreasing by 0.3% from the Friday level. EURUSD is trading near 1.1620. At the start of the day it increased to 1.1650 mark, but by the Europe opening it fell below 1.1600 due to the fact that the dollar was demanded on dips to 95.0 on DXY. Bullish: The growth of the German business climate index to 103.8 from 101.7, the first growth after 9 months of weakening. Powell's tempered comments, which increased the demand for risks. Bearish: Support for the ...

The FxPro Analyst Team

Midday EURUSD roundup

USD is trading around 95.40 (the same as 24h ago) falling by 0.2% since the start of the day. EURUSD is trading near 1.1560 against 1.1535 at the session start. Bullish: U.S. New Home Sales fell by 1.7% against expected growth by 2.2%. Lower Markit PMIs for USA. Germany confirmed 2Q18 GDP growth by 0.5%. Bearish: Fed comments about independent course from political considerations, despite growing Trump criticism. Support for DXY is around strong support at 95.00. Next focus on: U.S. Durable ...

The FxPro Analyst Team

Midday EURUSD roundup

USD is trading around 95.40 (the same as 24h ago) falling by 0.2% since the start of the day. EURUSD is trading near 1.1560 against 1.1535 at the session start. Bullish: U.S. New Home Sales fell by 1.7% against expected growth by 2.2%. Lower Markit PMIs for USA. Germany confirmed 2Q18 GDP growth by 0.5%. Bearish: Fed comments about independent course from political considerations, despite growing Trump criticism. Support for DXY is around strong support at 95.00. Next focus on: U.S. Durable ...