Forex for a trader
Usd vs eur forex

Usd vs eur forexXE Currency Charts: EUR to USD. Euro to US Dollar Chart. This EURUSD Chart lets you see this pair's currency rate history for up to 10 years! XE uses highly accurate, live mid-market rates. Our currency rankings show that the most popular Euro exchange rate is the USD to EUR rate. The currency code for Euros is EUR, and the currency symbol is €. Our currency rankings show that the most popular United States Dollar exchange rate is the USD to EUR rate. The currency code for Dollars is USD, and the currency symbol is $. Why isn't the EURUSD currency pair quoted as USDEUR? In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. Currency pairs can be separated into two types, direct and indirect. In a direct quote, the domestic currency is the base currency, while the foreign currency is the quote currency. An indirect quote is just the opposite: the foreign currency is the base currency and the domestic currency is the quote currency. For an American trader, the EURUSD quote is an indirect one. So, for example, a quote of 0.80 EURUSD means that 1 EUR would cost you $0.80 USD. Get Your Free EUR Forecast. Improve your accuracy by identifying key technical levels. Find out the fundamentals that look likely to drive future price action. Learn from DailyFX experts with decades of market experience. Download My EUR Forecast.

IGCS: IG Client Sentiment data provided by IG. Pivot Points data provided by IG. The Dollar has transitioned from a breakout after a 12-month, inverse head-and-shoulders pattern directly into a bearish standard, head-and-shoulders in the matter of a week. Has the bullish wave proved a dud? Continue Reading. Your Forecast Is Headed to Your Inbox. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Your demo is preloaded with ?10,000 virtual funds , which you can use to trade over 10,000 live global markets. We'll email you login details shortly. Your forecast is headed to your inbox. DailyFX. com – the news, research and analysis website provided by IG – is one of the world's leading sources for news and analysis across currencies, commodities and indices. Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account.

An error occurred submitting your form. Please try again later. Market Datadata provided by IG. Forex Economic Calendar. About your FOREX. com Demo Account. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. EURUSD Exchange Rate.

All the technical data, charts, tools and indicators you need to analyze and trade the EURUSD or see the Editorial side instead! BULLISH PERCENTAGE INDEX. THE MOST TRADED CURRENCY PAIR. The EURUSD (or Euro Dollar) currency pair belongs to the group of 'Majors', a way to mention the most important pairs in the world. The popularity of Euro Dollar is due to the fact that it gathers two main economies: Europe and the United States of America. This is a widely traded currency pair where the Euro is the base currency and the US Dollar is the counter currency. Since the EURUSD pair consists of more than half of all the trading volume worldwide in the Forex Market, it is almost impossible for a gap to appear, let alone a consequent breakaway gap in the opposite direction. The EURUSD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February 1985. EURUSD POLITICAL FORECAST 2017. In her article called “Politicians to displace Central bankers as market leaders” published at the end of the year 2016, Valeria Bednarik talks about the EURUSD Forecast and explains that "the European situation can improve - German's data has been quite encouraging lately and is indeed the base of the region - while Trump can fail in its attempt to bring back the shine to the world's largest economy. The FED could once again falter to do as hinted in the dot-plot and stay on hold during 2017, while the ECB may beginning tapering. . There are also hundreds of imponderables that we can't foresee right now, yet at this point, the EURUSD pair is eminently bearish, and speculators are ready to give parity a test.” MOST INFLUENTIAL ORGANIZATIONS FOR EURUSD. The organization that most impact has nowadays the EURUSD is the Federal Reserve of the United States (the central bank of that country).

Inside that institution, the Board of Governors (also known as the Federal Reserve Board) is carefully observed. The board meets several times per year and announces the interest rates. If rates remain unchanged, attention turns to the tone of the FOMC (Federal Open Market Committee) statement, and whether the tone is hawkish, or dovish over future developments of inflation. Also particularly significant are the 12 Federal Reserve Banks that make up the Federal Reserve. These Federal District Reserve Districts issue their own statements and research data that give hints about the health of the US economy and might as well influence dollar-related currency pairs. The US Government is as well an institution of great importance for the EURUSD pair: events as administration statements, new laws and regulations or fiscal policy can increase or decrease the value of the US Dollar and the currencies traded against it. Not only American institutions influence the EURUSD pair, European too of course. And the number one organization is the European Central Bank, whose main objective is to maintain price stability for the Euro. The ECB sets and implements the monetary policy for the Eurozone (including interest rates), conducts foreign exchange operations and takes care of the foreign reserves of the European System of Central Banks. MOST INFLUENTIAL CURRENCIES FOR EURUSD.

The EURUSD pair can also be impacted by other currencies, in particular GBP, CAD, JPY, CNY, and AUD. This group also includes the following currency pairs: GBPUSD, USDJPY, AUDUSD, USDCHF, NZDUSD, USDCAD, GBPJPY and EURJPY. Get the best parts of DailyFX. com in the new DailyFX App. The US Dollar is the single most popular currency in the world, and is the dominant reserve currency in use around the globe. The USD is often called 'The Greenback' in reference to its green coloring and can often be a favorite vehicle of traders looking to buy assets from or in The United States. When risk aversion runs high, traders will often look to buy US Treasuries, which can create demand for US Dollars. USD News and Analysis. by Ilya Spivak ; Michael Boutros ; David Song ; Christopher Vecchio, CFA ; Paul Robinson ; Daniel Dubrovsky ; Tyler Yell, CMT ; James Stanley and David Cottle. Forex Economic Calendar. Market Datadata provided by IG. About your FOREX. com Demo Account. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.

EURUSD Forecast Aug. 27-31 – Can the hesitant recovery continue? EURUSD enjoyed a second week of advances but the US Dollar is not giving up. What’s next? Preliminary inflation figures for August stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EURUSD. The ECB meeting minutes did not break ground on the usual messages from the central bank: cautious optimism and a gradual removal of the stimulus. On the other side of the Atlantic, the FOMC minutes were upbeat on the US economy and increased the odds of a rate hike in September. The Fed moves forward despite criticism from Donald Trump. The President wants lower rates and temporarily weighed on the US Dollar. Trump was implicated in illegal campaign financing as his former lawyer and “fixer” Micahel Cohen testified against him. On the other hand, US-Chinese talks did not go very far and this boosted the greenback. Late in the week, Fed Chair Jerome Powell said he did not see accelerating inflation nor an overheating economy. He also added some conditionality to the next rate hikes.

That sent the US Dollar lower. EURUSD daily chart with support and resistance lines on it. Click to enlarge: German Ifo Business Climate : Monday, 8:00. Germany’s No. 1 think-tank surveys some 7,000 business for its broad business climate measure. In July, IFO showed stable confidence with a score of 101.7 points. A similar number is likely now: 101.9 points. Monetary data : Tuesday, 8:00. The pace of growth of money in circulation accelerated to 4.4% in June, beating expectations and showing an extended increase. Private loans slightly disappointed with an annual growth rate of 2.9%, identical to the previous six months. Money Supply is projected to rise by 4.3% yy and Private Loans by 3%. German GfK Consumer Climate : Wednesday, 6:00. This consumer survey dropped from the highs in July, standing at 10.6 points. The same score is forecast for August. French GDP : Wednesday, 6:45. The updated version of France’s Q2 GDP growth will likely confirm the initial read of 0.2%. France lags behind euro-zone growth which stood at 0.4% according to the latest estimates. Spanish CPI : Thursday, 7:00. The fourth-largest economy in the euro-zone kicks off the series of flash inflation reads for August. Spain reported an annual increase of 2.2% in July, slightly below expectations.

2.2% is expected now as well. German Unemployment Change : Thursday, 7:55. The German labor market is looking good with constant drops in the number of the unemployed. A slide of 6,000 jobless was reported in June. Another drop is likely for July. A slide of 8K is on the cards. German CPI : Thursday, during the morning with the all-German number at 12:00. The largest economy in the euro-zone saw a monthly increase of 0.3% in the Consumer Price Index in July. Any surprise in the figure for August will impact the all-European number. An mm increase of 0.2% is predicted. French CPI : Friday, 6:45. The French inflation figure will be the last major release before the all-European one. A drop of 0.1% was seen in July. We could see an increase now. A bounce of 0.5% is expected. CPI Flash Estimate : Friday, 9:00. The euro-zone saw a divergence between headline inflation and core inflation. The increase in energy prices explains the 2.1% CPI level in July, just above the ECB’s 2% target. However, the general slack in the euro-zone can explain the 1.1% core inflation. A repeat of the exact same numbers is projected.

Unemployment Rate : Friday, 9:00. The jobless rate is falling constantly since the peak in 2013 and it stood at 8.3% in June. We could see another fall in the report for July: 8.2% is on the cards. * All times are GMT. EURUSD Technical Analysis. Eurodollar moved higher and was rejected at the 1.1625 level (mentioned last week). Technical lines from top to bottom: 1.1720 is a veteran line that worked in both directions, last seen in November. 1.1676 was a temporary low point in late May. 1.1625 provided support to the pair several times in June and July. It is followed by the mid-July trough of 1.1575. Below, 1.1508 is the previous 2018 low. 1.1445 capped the pair on its way up in mid-August. 1.1365 was a temporary low on the way down in August. 1.1300 is a round number that held the pair in mid-August and also held the pair down in June 2017. 1.1115 was a low point also in that period of time. The very round level of 1.10 is next. I am neutral on EURUSD. While the general trend remains to the downside, the last week of August may see some consolidation.

Later on, the Fed’s hawkishness and the ECB’s hesitance to move forward could weigh on the pair. In addition, the prospects of further US tariffs on China support the greenback. Our latest podcast is titled Brexit summer blues, trade troubles. Follow us on Sticher or iTunes. GBPUSD forecast – Pounddollar predictions USDJPY forecast – analysis for dollaryen AUDUSD forecast – the outlook for the Aussie dollar. USDCAD forecast – Canadian dollar predictions Forex weekly forecast – Outlook for the major events of the week. EURUSD Forecast, Technical Analysis, Outlook > preview of the major events that move EuroDollar during the week. Here are some general data. Scroll down for the latest EURUSD forecast. EURUSD characteristics. Eurodollar is the world’s most popular currency pair for both retail and institutional traders.

19 European countries that vary quite a bit from each other share the single currency. The key countries are Germany, France, Italy and Spain. The US dollar is the reserve currency of the world. A wide trade surplus, originating mostly from German exports, means that funds are flowing into the euro area. When markets are calm, this influx pushes the common currency higher. However, the eurozone has its share of economic and political issues and speculation takes its toll. The euro debt crisis engulfed Greece, Portugal, Ireland, Italy, and Spain. While the worst may be behind us, it is always looming. The leadership of the European Central Bank and President Mario Draghi helped stabilize and even save the euro. His “whatever it takes” speech in July 2012? was a turning point. The diverse countries are linked by a monetary union but not a fiscal one, and this remains the Achilles heel. EURUSD trading is often choppy, especially when it is confined to narrow ranges. When the pair is in trend, past technical lines, even those from 2003, are respected quite nicely. €$ has a “good memory”. The euro-zone economies are growing at a robust pace in 2017.

Unemployment is falling and even core inflation is finally rising albeit temporarily All this has led to optimism that sent the euro higher. The ECB will halve bond-buys to 30 billion euros from January 2018. However, it left the door open to extending the QE program beyond September, and this hurt the euro. A weaker euro makes exports more attractive and pushes imported inflation higher. Draghi is happy with growth but worried about inflation. The political uncertainty in Germany is becoming an issue after inconclusive elections in September. A fresh round of elections joins the crisis in Catalonia and the political instability in Italy. In America, hopes for fiscal stimulus faded early in the year, but are now on the rise again, with Trump’s tax plan. The Federal Reserve has maintained its plan for three rates hikes in 2017 despite lower US inflation. Latest weekly EURUSD forecast. EURUSD Forecast Aug. 27-31 – Can the hesitant recovery continue? EURUSD enjoyed a second week of advances but the US Dollar is not giving up. What’s… EURUSD Forecast Aug. 20-24 – Another dead cat bounce?

EURUSD dipped to the lower ground on the Turkish crisis but recovered on a relief in… EURUSD Forecast Aug. 13-17 – Can it recover from the Turkish tumble? EURUSD collapsed on the Turkish crisis that threatens to cause some damage also to euro-zone banks.… EURUSD Forecast Aug. 6-10 – Another leg down? EURUSD continued struggling, tumbling out of range as the US Dollar stormed the board. What’s next?… EURUSD Forecast Jul. 30 – Aug. 3 – After dovish Draghi, GDP and inflation are eyed. EURUSD suffered from the ECB’s dovish stance but never went too far. What’s next? Inflation and… EURUSD Forecast July 23-27 – Time to break out of the range? EURUSD was shaken by US Dollar strength but eventually recovered quietly, a recurring pattern for the… EURUSD Forecast July 16-20 – Dovish ECB beaten by hawkish Fed and Trump. EURUSD tried to move higher but eventually closed the week on the lower ground. Where will… EURUSD Forecast July 9-13 – Focus on the ECB’s messages.

EURUSD stabilized on a calmer mood and the final end of the German political crisis. What’s… EURUSD Forecast July 2-6 – Saved by the Summit, still looking shaky. EURUSD staged a late recovery on the EU Summit and managed to close the last week… EURUSD Forecast June 25-29 – Recovering is hard, inflation eyed now. EURUSD remained depressed in the week, this time more due to trade than to Draghi’s words.… - EURUSD. OANDA fxTrade. . OANDA , , OANDA fxTrade , . , , , , . EURUSD. : , 17 , 320 . 175 , , (DKK) CFA (XOF). . - , . (, ) , . ( : USD) : ( " " "") USD - ( "", "" "") . ( ) (USD). . , . © 1996–2017 OANDA Corporation. . OANDA, fxTrade fx OANDA Corporation.

, , . . , . . , , . , . - . . « » . - OANDA Europe Ltd, . , 4 50:1 . , . OANDA Corporation — , ; , . № 0325821. . . OANDA (Canada) Corporation ULC . OANDA (Canada) Corporation ULC (IIROC), . cipf. ca. OANDA Europe Limited , 7110087, : Tower 42, Floor 9a, 25 Old Broad St, London EC2N 1HQ. , № 542574. OANDA Asia Pacific Pte Ltd (. № 200704926K) , , (IE Singapore). OANDA Australia Pty Ltd (ASIC) (. ABN 26 152 088 349, . AFSL 412981). () , . (FSG), ('PDS'), OANDA. . OANDA Japan Co., Ltd. — Kanto Local Financial Bureau (Kin-sho), . № 2137; , . № 1571. Currency Pair: EURUSD (EuroU. S. Dollar) What is the 'Currency Pair: EURUSD (EuroU. S. Dollar) ' The Currency Pair EURUSD is the shortened term for the euro and U. S. dollar pair or cross for the currencies of the European Union (EU) and the United States (USD). The currency pair indicates how many U. S. dollars (the quote currency) are needed to purchase one euro (the base currency).

Trading the EURUSD currency pair is also known as trading the "euro." The value of the EURUSD pair is quoted as 1 euro per x U. S. dollars. For example, if the pair is trading at 1.50, it means it takes 1.5 U. S. dollars to buy 1 euro. BREAKING DOWN 'Currency Pair: EURUSD (EuroU. S. Dollar) ' The EURUSD is affected by factors that influence the value of the euro andor the U. S. dollar in relation to each other and to other currencies. For this reason, the interest rate differential between the European Central Bank (ECB) and the Federal Reserve (Fed) affects the value of these currencies when compared to each other. For example, when the Fed intervenes in open market activities to make the U. S. dollar stronger, the value of the EURUSD cross could decline due to a strengthening of the U. S. dollar compared to the euro. Brief History of the Euro Currency. The euro currency originated on 1992 as a result of the Maastricht Treaty. It was originally introduced as an accounting currency in 1999. On Jan. 1, 2002, the euro currency began circulating, and over the course of several years, it became the accepted currency of the European Union and ultimately replaced the currencies of many of its members. Consequently, the euro integrates and represents a large number of European economies. This serves to stabilize currency exchange rates and volatility for all members of the European Union.

It also makes the euro one of the most heavily traded currencies in the forex market, second only to the U. S. dollar. As of March 26, 2018, 19 of the 28 member countries of the European Union use the euro. According to the ECB, as of January 1, 2017, more than €1 trillion are in circulation in the world. EURUSD (Euro to Dollar) Forecast, Page 1. EURUSD Weekly Price Forecast – Euro rallies all week. It appears that value hunting has come back into vogue, as many of the traders that I’m talking to recognize the value of the Euro at these low levels. We have the 50% Fibonacci retracement level, the hammer from the previous week, and now a break above the 1.15 level. EURUSD Price Forecast – Euro rallies again. The Euro continues to recover from the Turkish lira crisis, as I believe that the pundits in the market are starting to realize or perhaps it was oversold as a result. There has been no contagion yet, and it appears that the US dollar is correcting a bit overall. This.

EURUSD Mid-Session Technical Analysis for August 24, 2018. The Euro is trading higher shortly before the U. S. opening. Volume is light with the major players likely bidding time before Fed Chairman Jerome Powell’s speech at 1400 GMT at the central bankers’ symposium at Jackson Hole, Wyoming. Investors will be watching Powell’s words closely for any clues on the. Forex Daily Outlook – August 24, 2018. EURUSDThe Euro had a choppy session during the Thursday’s session as the 1.1550 level underneath continues to attract a lot of attention in the market. Also, the 1.16 level has turned massively resistive and will be difficult for the market to break above. Unless there is any resolution to the. EURUSD Daily Price Forecast – EURUSD Range Bound Ahead of Powell’s Speech on Last Trading Session of the Week. The dollar was the lead gainer in trading overnight but EURUSD buyers have managed to stay in near-term control despite that. The EURUSD is currently trading around 1.1550, having failed to take out the 50-day MA hurdle on Wednesday. The common currency picked up a bid at the low of. EURUSD Price Forecast – Euro rolls over a bit during the Thursday session. The Euro rolled over just a bit during the trading session on Thursday, as we continue to see a lot of volatility in the marketplace.

Breaking above the 1.15 level the other day was crucial though, and I think it will serve as a good sign for those looking to. EURUSD Mid-Session Technical Analysis for August 23, 2018. The Euro is trading slightly lower shortly before the U. S. opening. The single currency is being pressured by expectations of additional rate hikes by the Fed after the minutes from the July 31-August 1 FOMC monetary policy meeting suggested policymakers felt the need to continue to raise rates gradually. At 1057. Forex Daily Outlook – August 23, 2018. EURUSDThe Euro rallied during the Wednesday’s session breaking above crucial 1.16 level but pulled back as the area is massively resistive. The pair had rallied significantly in the last two sessions breaking above multiple resistance levels and now has turned a bit overbought. It is likely to test for support. EURUSD Daily Price Forecast – EURUSD Turns Bearish Post Hawkish Update from US FOMC Meet. The dollar rose on Thursday as investors bought the greenback on the back of political turmoil in Australia and after the minutes of the Federal Reserve’s latest policy meeting indicated the U. S. central bank is on course to further raise interest rates. While the euro has risen for six consecutive.

EURUSD Price Forecast – Euro rallies again on Wednesday. The Euro has rallied during trading on Wednesday but seems to be struggling with the idea of 1.16 currently. I think at this point though; a pullback is probably going to attract some value hunters. This will be especially true near the 1.1570 level, and then of course at the. Forex Daily Outlook – August 22, 2018. EURUSDThe Euro rallied significantly during the Tuesday’s session breaking above the crucial 1.15 level, which is a very positive sign for the market. But, it is to be kept on minds that the Turkish crisis is not completely wanned out and will have an effect on Euro in the medium. EURUSD comes back above the crucial resistance! EURUSD used the inverse head and shoulders formation to climb back above the major horizontal resistance, which is the neckline of much bigger and more relevant H&S pattern. That can be potentially a huge buy signal but first, we need to see the bounce from this line, which would be. EURUSD Mid-Session Technical Analysis for August 22, 2018. The Euro is trading slightly lower shortly before the U. S. opening and well-ahead of the release of the latest Fed minutes at 1800 GMT. The single-currency is trading inside yesterday’s range, which suggests investor indecision and impending volatility. At 0855 GMT, the EURUSD is trading 1.1567, down 0.0005 or -0.04%.Daily EURUSDDaily. EURUSD Daily Price Forecast – EURUSD Trades Flat Ahead of FOMC Update. The EURUSD pair extended its recent corrective rally for the fourth consecutive session on Tuesday and touched a fresh 1-12 week high level of 1.1601. The US President Donald Trump’s critical comments on the Fed’s policy tightening kept exerting downward pressure on the US Dollar and turned out to be. EURUSD Price Forecast – Euro breaks through 1.15, kind of. The Euro rallied during Asian trading on Tuesday, breaking above the vital 1.15 level.

However, gains were short-lived, as we pulled back to test that area by the time the Americans jumped on board. Ultimately, this is not an impressive breakout by any stretch of the imagination, and one would. Euro Is Moving Upwards, Taking Advantage of the USD Weakness. The reason why the USD is falling this week is the President Donald Trump’s aggressive rhetoric towards the US Federal Reserve. Trump said that he was absolutely unhappy with the key rate hike and Jerome Powell himself. In fact, it doesn’t mean anything: it was Trump who assigned Powell to the. Technical Checks For EURUSD, USDJPY, AUDUSD & USDCHF: 21.08.2018. EURUSDWith the overbought RSI & 1.1535-40 horizontal-region playing their roles to drag EURUSD back, the 1.1480 support-mark now gains market attention; however, an upward slanting trend-line, at 1.1430, can confine the pair’s following downside. Should sellers refrain to respect the 1.1430 TL, the 1.1350 and the 1.1300 might flash on. EURUSD Mid-Session Technical Analysis for August 21, 2018. The Euro is trading higher shortly after the U. S. opening. The single-currency has been clawing back last week’s losses ever since concerns over the currency crisis in Turkey subsided. Lower Treasury yields and increased demand for risky currencies also helped support the currency. At 1135 GMT, the EURUSD is trading 1.1525, EURUSD Meets an Important Resistance. AUDJPY used the inverse head and shoulders pattern to come back above the long-term resistance on the 80.7. Later, the price created a flag pattern and used that to bounce from this level and climb higher making new mid-term tops. The sentiment is back to the positive one. Gold is climbing. EURUSD Daily Price Forecast – EURUSD Moves above 1.15 Handle on Greenback’s Weakness Following Trump’s Comment.

EURUSD pair has taken to bull momentum since trading session opened for the week and pair found fresh trigger during north American session yesterday which helped the pair move back above 1.15 handle in early Asian market hours. Earlier in the day, the pair hit an intra-day high of 1.1542. EURUSD Forecast Aug. 27-31 – Can the hesitant recovery continue? EURUSD enjoyed a second week of advances but the US Dollar is not giving up. What’s next? Preliminary inflation figures for August stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EURUSD. The ECB meeting minutes did not break ground on the usual messages from the central bank: cautious optimism and a gradual removal of the stimulus. On the other side of the Atlantic, the FOMC minutes were upbeat on the US economy and increased the odds of a rate hike in September. The Fed moves forward despite criticism from Donald Trump. The President wants lower rates and temporarily weighed on the US Dollar. Trump was implicated in illegal campaign financing as his former lawyer and “fixer” Micahel Cohen testified against him. On the other hand, US-Chinese talks did not go very far and this boosted the greenback. Late in the week, Fed Chair Jerome Powell said he did not see accelerating inflation nor an overheating economy. He also added some conditionality to the next rate hikes. That sent the US Dollar lower. EURUSD daily chart with support and resistance lines on it. Click to enlarge: German Ifo Business Climate : Monday, 8:00. Germany’s No. 1 think-tank surveys some 7,000 business for its broad business climate measure.

In July, IFO showed stable confidence with a score of 101.7 points. A similar number is likely now: 101.9 points. Monetary data : Tuesday, 8:00. The pace of growth of money in circulation accelerated to 4.4% in June, beating expectations and showing an extended increase. Private loans slightly disappointed with an annual growth rate of 2.9%, identical to the previous six months. Money Supply is projected to rise by 4.3% yy and Private Loans by 3%. German GfK Consumer Climate : Wednesday, 6:00. This consumer survey dropped from the highs in July, standing at 10.6 points. The same score is forecast for August. French GDP : Wednesday, 6:45. The updated version of France’s Q2 GDP growth will likely confirm the initial read of 0.2%. France lags behind euro-zone growth which stood at 0.4% according to the latest estimates. Spanish CPI : Thursday, 7:00. The fourth-largest economy in the euro-zone kicks off the series of flash inflation reads for August. Spain reported an annual increase of 2.2% in July, slightly below expectations. 2.2% is expected now as well. German Unemployment Change : Thursday, 7:55. The German labor market is looking good with constant drops in the number of the unemployed. A slide of 6,000 jobless was reported in June. Another drop is likely for July.

A slide of 8K is on the cards. German CPI : Thursday, during the morning with the all-German number at 12:00. The largest economy in the euro-zone saw a monthly increase of 0.3% in the Consumer Price Index in July. Any surprise in the figure for August will impact the all-European number. An mm increase of 0.2% is predicted. French CPI : Friday, 6:45. The French inflation figure will be the last major release before the all-European one. A drop of 0.1% was seen in July. We could see an increase now. A bounce of 0.5% is expected. CPI Flash Estimate : Friday, 9:00. The euro-zone saw a divergence between headline inflation and core inflation. The increase in energy prices explains the 2.1% CPI level in July, just above the ECB’s 2% target. However, the general slack in the euro-zone can explain the 1.1% core inflation. A repeat of the exact same numbers is projected.

Unemployment Rate : Friday, 9:00. The jobless rate is falling constantly since the peak in 2013 and it stood at 8.3% in June. We could see another fall in the report for July: 8.2% is on the cards. * All times are GMT. EURUSD Technical Analysis. Eurodollar moved higher and was rejected at the 1.1625 level (mentioned last week). Technical lines from top to bottom: 1.1720 is a veteran line that worked in both directions, last seen in November. 1.1676 was a temporary low point in late May. 1.1625 provided support to the pair several times in June and July. It is followed by the mid-July trough of 1.1575. Below, 1.1508 is the previous 2018 low. 1.1445 capped the pair on its way up in mid-August. 1.1365 was a temporary low on the way down in August. 1.1300 is a round number that held the pair in mid-August and also held the pair down in June 2017. 1.1115 was a low point also in that period of time. The very round level of 1.10 is next.

I am neutral on EURUSD. While the general trend remains to the downside, the last week of August may see some consolidation. Later on, the Fed’s hawkishness and the ECB’s hesitance to move forward could weigh on the pair. In addition, the prospects of further US tariffs on China support the greenback. Our latest podcast is titled Brexit summer blues, trade troubles. Follow us on Sticher or iTunes. GBPUSD forecast – Pounddollar predictions USDJPY forecast – analysis for dollaryen AUDUSD forecast – the outlook for the Aussie dollar. USDCAD forecast – Canadian dollar predictions Forex weekly forecast – Outlook for the major events of the week. EURUSD Forecast, Technical Analysis, Outlook > preview of the major events that move EuroDollar during the week. Here are some general data. Scroll down for the latest EURUSD forecast. EURUSD characteristics. Eurodollar is the world’s most popular currency pair for both retail and institutional traders.

19 European countries that vary quite a bit from each other share the single currency. The key countries are Germany, France, Italy and Spain. The US dollar is the reserve currency of the world. A wide trade surplus, originating mostly from German exports, means that funds are flowing into the euro area. When markets are calm, this influx pushes the common currency higher. However, the eurozone has its share of economic and political issues and speculation takes its toll. The euro debt crisis engulfed Greece, Portugal, Ireland, Italy, and Spain. While the worst may be behind us, it is always looming. The leadership of the European Central Bank and President Mario Draghi helped stabilize and even save the euro.

His “whatever it takes” speech in July 2012? was a turning point. The diverse countries are linked by a monetary union but not a fiscal one, and this remains the Achilles heel. EURUSD trading is often choppy, especially when it is confined to narrow ranges. When the pair is in trend, past technical lines, even those from 2003, are respected quite nicely. €$ has a “good memory”. The euro-zone economies are growing at a robust pace in 2017. Unemployment is falling and even core inflation is finally rising albeit temporarily All this has led to optimism that sent the euro higher. The ECB will halve bond-buys to 30 billion euros from January 2018. However, it left the door open to extending the QE program beyond September, and this hurt the euro. A weaker euro makes exports more attractive and pushes imported inflation higher. Draghi is happy with growth but worried about inflation. The political uncertainty in Germany is becoming an issue after inconclusive elections in September.

A fresh round of elections joins the crisis in Catalonia and the political instability in Italy. In America, hopes for fiscal stimulus faded early in the year, but are now on the rise again, with Trump’s tax plan. The Federal Reserve has maintained its plan for three rates hikes in 2017 despite lower US inflation. Latest weekly EURUSD forecast. EURUSD Forecast Aug. 27-31 – Can the hesitant recovery continue? EURUSD enjoyed a second week of advances but the US Dollar is not giving up. What’s… EURUSD Forecast Aug. 20-24 – Another dead cat bounce? EURUSD dipped to the lower ground on the Turkish crisis but recovered on a relief in… EURUSD Forecast Aug. 13-17 – Can it recover from the Turkish tumble? EURUSD collapsed on the Turkish crisis that threatens to cause some damage also to euro-zone banks.… EURUSD Forecast Aug. 6-10 – Another leg down? EURUSD continued struggling, tumbling out of range as the US Dollar stormed the board. What’s next?… EURUSD Forecast Jul. 30 – Aug. 3 – After dovish Draghi, GDP and inflation are eyed.

EURUSD suffered from the ECB’s dovish stance but never went too far. What’s next? Inflation and… EURUSD Forecast July 23-27 – Time to break out of the range? EURUSD was shaken by US Dollar strength but eventually recovered quietly, a recurring pattern for the… EURUSD Forecast July 16-20 – Dovish ECB beaten by hawkish Fed and Trump. EURUSD tried to move higher but eventually closed the week on the lower ground. Where will… EURUSD Forecast July 9-13 – Focus on the ECB’s messages. EURUSD stabilized on a calmer mood and the final end of the German political crisis. What’s… EURUSD Forecast July 2-6 – Saved by the Summit, still looking shaky. EURUSD staged a late recovery on the EU Summit and managed to close the last week… EURUSD Forecast June 25-29 – Recovering is hard, inflation eyed now. EURUSD remained depressed in the week, this time more due to trade than to Draghi’s words.…



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