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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
The Euro-Dollar Rate pared an intraday loss and climbed higher in late noon trading Tuesday even after Prime Minister Giuseppe Conte announced his resignation on the floor of the senate, consigning the Italian people and economy to a perio of limbo as President Sergio Mattarella attempts to find a way forward.
August 20,2019
"EUR/USD will trade heavy around 1.1100 on expectations of more aggressive ECB easing." - CBA.
August 19,2019
The Euro was in retreat again Friday and the charts warning of further downside ahead after an influential policymaker called for the European Central Bank (ECB) to take bold action in order to support the ailing Eurozone economy in September.
August 16,2019
The Euro retreated from a rising Dollar Thursday, taking it back toward the two-year low established in July, after U.S. economic numbers helped to lift the greenback although the single currency is now drawing interest from one of the more bearish voices to have issued forecasts for it in recent months.
August 16,2019
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