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The Euro was on it front foot Wednesday as the Dollar weakened and investors celebrated a decision by one of Italys anti-establishment parties to enter coalition with its antithesis, averting the need for a general election, but analyst commentary suggests the outlook for the single currency remains bleak.
September 5,2019
The Euro is under pressure against the Dollar, and our studies of the charts are showing the short-term trend is bearish and given the old adage ‘the trend is your friend’ it is likely, therefore, to extend.
September 1,2019
The Euro-to-Dollar rate will decline toward new lows for the year over the coming weeks according to technical analysts at Commerzbank, although economic figures released on Friday may also have seconded the signals coming from the charts.
August 30,2019
The Euro ceded ground to the Dollar and other rivals Thursday even after Italian political parties struck an agreement that averts a market-unfriendly general election, although analysts say this "noise" is not enough to offset more signicant concerns about the U.S.-China trade war and European Central Bank (ECB) interest rate policy.
August 29,2019
The Euro advanced against the Dollar and other rivals Tuesday even after official data confirmed the German economy is at risk of falling into recession, although the resilience of the single currency could increasingly be becoming a headache that eventually sees the European Central Bank (ECB) attempt to push it lower.
August 27,2019
The short-term trend in EURUSD is sideways in nature, and the Euro can therefore continue recovering in the short-term.
August 27,2019
The Euro was on its front foot and advancing strongly during early trading Thursday after IHS Markit PMI surveys showed the continent's beleaguered manufacturing sector stabilising in August, with France having returned to growth and German industry seeing signs of a bottom in the cycle.
August 22,2019
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