Eur/usd news - page 320

sherif
448
sherif  

EUR/USD is moving in a tight range and I dont think we will see any sudden movement until the ECB press conference and the NFP.

thenews
28496
thenews  

EUR/USD: Here Is The Signal If At Early Stages Of Bottoming - UOB

EUR/USD is likely in the early stages of forming a base, argues UOB Group.

"The sharp drop from the high of 1.1708/13 last Monday is losing momentum and the current movement appears to be the early stages of a bottoming process," UOB adds.

"However, until there is a clear break above 1.1370, another attempt to move towards the major support at 1.1105 cannot be ruled out just yet," UOB projects.

Veselka Nikolova
670
Veselka Nikolova  

The euro recorded a minimal increase against the dollar. The negative series of the single currency was interrupted, but the couple remained at the lower levels. If short-term expectations justify the adjustment of the price will continue, bullish sentiment will become more intense and currencies will make a test of resistance at 1.1329. Monday session was relatively calm, and the pair ranged in a narrow range. The start was given at a rate of 1.1172, and the finish line was crossed 37 pips higher. Peak of the day was achieved at 1.1261.

thenews
28496
thenews  

EUR/USD: Euro Trades at Daily Highs Amid PMIs

The shared European currency hit daily highs abpove the $1.13 handle on Tuesday after the opening bell, with a busy data session already underway.

The euro was seen 0.87% higher at $1.1306, its highest mark so far this week.

The Spanish factory PMI dropped to 53.2 points in August from 53.6 in July, Markit Economics said in a fresh report, while analysts had expected the reading to remain unchanged.

"This morning’s European data is expected to continue to point to divergence between the German and Spain economies as the outperformers and the French and Italian economies as the laggards," Michael Hewson from CMC Markets UK wrote on Tuesday.

France's final manufacturing PMI for August is expected to contract to 48.6, while the German manufacturing PMI is expected to improve to 53.2.

The Italian manufacturing sector is expected to register 55.0, while the nation's unemployment is expected to remain at record high levels of 12.7%

Chinese manufacturing activity contracted for the first time in seven months in August, signaling growth in the manufacturing-powerhouse economy is yet to bottom out despite ongoing efforts to restore stability.

The China Federation of Logistics and Purchasing (CFLP) manufacturing PMI fell from 50.0 in July to 49.7 in August, its lowest since August 2012.

In the US, the ISM manufacturing published in the afternoon session will be an important driver of the USD, though US non-farm payrolls data on Friday will be the key.

thenews
28496
thenews  

Euroland Jobless Edges Lower To Fresh 3.5-Yr Low in July

The jobless rate across the euro area topped estimates and decreased to its lowest since February 2012 in July, Eurostat reported on Tuesday.

The unemployment rate in the 19-nation bloc booked 10.9% during the seventh month of the year, the EU's statistics office (Eurostat) said, versus the 11.1% seen in the previous month.

As said, that's the lowest print since February 2012 when it hit 10.8%.

Economists had expected the gauge to book 11.1% in July.

The EU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015, and from 10.2% in July 2014. This is the lowest rate recorded in the EU28 since June 2011.

Slow recovery

Despite its multi-year low, joblessness in the bloc remains a problem, as it still remained well above the 7.5% levels seen prior to the outburst of the global financial crisis.

Among the many euro member states, Greece has the worst employment situation while Germany has the best.

Youth unemployment, in particular, remains high as it booked 21.9% in July from the 22.5% snatched previously.

For the jobless rate to decrease further, countries like France and Italy must roll back regulations that make it hard for firms to dismiss unwanted workers, economists warn.

source

honeill
1125
honeill  

Yesterday the EURUSD tried to rally but found some resistance at 1.1237 to turn back but managed to close in the green at the middle of the daily range. Looks like the currency will keep pushing higher, the first stop should be the 10-day moving average at 1.1326 and a close above it would suggest a stronger move up to 1.1460 daily resistance.

sherif
448
sherif  

EUR/USD is testing again 1.1291 I don't think we will see a start of a trend before this weekly fundamentals.

Victoria Jensen
1167
Victoria Jensen  
sherif fares:
EUR/USD is testing again 1.1291 I don't think we will see a start of a trend before this weekly fundamentals.

I too highly doubt that will happen but the pair might still break above that resistance and reach 1.1400.

thenews
28496
thenews  

August 2015 Spanish jobless claims +21.7k vs -74k prior

Spanish monthly unemployment numbers for August 2015Unemployment +21.6k to 4.06m

Veselka Nikolova
670
Veselka Nikolova  

The euro registered a second successful session against the dollar on Tuesday. The single currency justified the positive expectations, partly recovering from the losses last week. The pair recorded peak for the day at 1.1331 and tested the resistance at 1.1329. Despite the attack, the key level didn’t break through, but short-term indicators remain in favor of the euro. Tuesday session started at price of 1.1209 and bulls prevailed. The session ended at a price of 1.1313.