Recently, the situation in the Middle East has been relatively stable. Although Iran and Israel have their own quarrels, no obvious conflict has been seen, which means that the two sides have reached a certain consensus and have entered the stage of quarreling. As long as either party does not cross the threshold, the overall situation can be resolved. Therefore,...
EUR/USD Price Analysis: Advances to over one-week high, closer to mid-1.0800s The EUR/USD pair attracts some buyers for the third successive day on Thursday and climbs to a one-and-half-week top, closer to mid-1.0800s during the Asian session. The US Dollar (USD) extends this week's corrective decline from the highest level since February 14 amid the uncertainty...
The majority of foreign exchange strategists expect the recent decline in the US dollar to continue throughout the year. The main driver for major currencies for the rest of 2023 is likely to be economic indicators. A stronger-than-expected U.S. economy and rising Treasury yields caused the dollar, which had been rising against other currencies, to fall. This...
EUR/USD extended its daily decline to the 1.0500 level in the latter part of the US trading session, pressured by deteriorating market sentiment. Despite early-week upward movements, the pair continues to register a weekly loss. EUR/USD dropped below 1.0570 (the 100-day Simple Moving Average, Fibonacci retracement level of 23.6% from the recent downtrend) and the...
The recent attack by Hamas has garnered public praise from Iran and Hezbollah, Iran's Lebanese ally, escalating tensions in the Middle East. Jacobsen stated, "Iran's oil production is on the rise, but any progress they make behind the scenes with the U.S. will be significantly undermined as Iran celebrates Hamas' horrific actions." He added, "The most important...
The Euro underperformed on Monday and experienced losses. On Tuesday, the US Dollar Index finished above 103.00, marking its highest daily close in over a month. This was driven by higher US Treasury yields. The Greenback remains strong despite expectations that the Federal Reserve (Fed) will keep interest rates unchanged. US yields continue to rise, with the...
I think the range of 1.083 is an important resistance and the bull can be rejected from here. If this resistance is broken, the price can go bullish to the next and higher range
The euro is up nearly 3 percent against the dollar so far this year, largely helped by a hawkish European Central Bank and a less aggressive Federal Reserve. That changed on Friday, with the NFP report again reinforcing a tight U.S. labor market, while earnings data also rose. Because of the upcoming inflation data is more important. Money markets have priced in...
Today we need to focus on observing the actual movement of the US dollar index, whether it is mainly a decline or a first decline and then a rise. As for European and American operations, judging from the current situation, it is only suitable for short selling on highs. The following suggestions are given in combination with the market, and refer to operations...
Today, we need to pay more attention to the actual movement of the US dollar, and beware of a sudden sharp rise in prices. Corresponding to European and American currencies, we can look for opportunities to sell short on rallies today, and give the following suggestions based on the market, and refer to operations as appropriate 1.1015-1.1025 interval...
Yesterday, as scheduled, the US Department of Labor released the ADP employment report for March, showing 145,000, lower than the previous value of 242,000 and the estimated value of 200,000, which conveyed a somewhat weak sentiment. Although the importance of this data is not as important as the non-farm payrolls data to be released tomorrow, as an official data...
Today, we must beware of the sudden unexpected market movement of the U.S. dollar index, especially the market that first falls and then rises, so we should pay more attention to it. Corresponding to European and American currencies, you can choose the opportunity to sell short on rallies today, and give the following suggestions based on the market, and refer to...
Although the US dollar index showed some decline in early trading today, the actual trend is not mainly downward, but rather a form of adjustment. Therefore, when the adjustment demand is released, the US dollar index will still have a short-term rebound, and we can seize this wave of rebound to make a small profit. Regarding the corresponding European and...
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market...
Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market...
Euro/US Dollar. Today the overall trend for the US Dollar Index is bullish, corresponding to the Euro-American currency, it is recommended to short at high levels. Based on the market conditions, the following suggestions are given: Short at the 1.0560-1.0570 range, with a stop loss of 20 points, and targets of 1.0540, 1.0520, and 1.0500. Here is the...