The EUR/USD has pulled back to the trendline joining the tops of the previous range highs and now looks poised to regain momentum higher.
EUR/USD has climbed from its February lows in the 1.05s to a current market rate of 1.0755.
EUR/USD has been rising steadily on an improved outlook for the Eurozone and a reigning back of rampant interest rate expectations in the US.
The EUR/USD pair, which is currently trading in the 1.06s will eventually rise to 1.15 once near term once immediate downside drivers have passed, say Nomura.
The Euro could remain flat for an extended period of time due to chronically subdued inflation, according to a recent report by Danske bank.
EUR/USD has broken above some key levels such as the 50-day moving average and the trendline for the move down from the February highs.
The Euro to US Dollar pair has formed what could possibly be an Inverse Head and Shoulders (H&S) pattern on the daily chart, say technical analysts at Société Générale.
EUR/USD has fallen following the release of a stellar jobs report from ADP – the largest payroll processing company in the US - which saw 298k jobs added to the economy in February, when analysts had only expected 190k.
EUR/USD is stubbornly hanging on to current levels and not falling as would be expected from widening EU/US yield spreads.
Falling demand for global stocks and investor desire for safer assets such as German bunds, has led to even greater widening between rising US bond yields and falling ‘EU’ bond yields, which does not bode well for EUR/USD.
Morgan Stanley (MS) have provided their view of G10 currencies at the current juncture.
EUR/USD made a remarkable recovery at the end of last week rising up from 1.0505 to 1.0623 in just one day, can it extend higher?
The Euro to US Dollar exchange rate is forecast to fall to just above parity by ING’s FX Strategist Chris Turner in a recent note seen by PSL, we investigate the reasoning behind his bearish call.
Further upside gains for the Dollar may be hard won, says Abn Amro’s FX strategist Georgette Boele.
New FX forecasts have been released by investment bank Morgan Stanley.
It is not a good sign when a currency stops rising on good news but that appears to be what happened to the Dollar at the end of last week.
EUR/USD surged unexpectedly higher on Thursday, reaching highs of 1.07 but then gave back most of its gains on Friday as it moved back down to the lower 1.06s .
Too much political risk has been priced into the Euro, says RBC Capital Market’s Elsa Lignos, who sees a much lower (0.1%) probability of Marine Le Pen winning the French presidency than the market seems to be pricing in.
Traders who trade the news would have been bewildered by the rise of the Euro on Thursday.
The EUR/USD pair is pushing relentlessly lower.
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