您现在的位置是:unraids wan ipv4 does not match clients wan ipv4 > Exploration
【so mote it be vs amen】EUR/USD Price Forecast – EURO Declines On Dovish Outlook
unraids wan ipv4 does not match clients wan ipv42024-09-29 12:20:46【Exploration】1人已围观
简介The EURUSD pair is currently consolidating its hold near previous session lows. Risk appetite remain so mote it be vs amen
Theso mote it be vs amen EURUSD pair is currently consolidating its hold near previous session lows. Risk appetite remains relatively high in the broad market and was one of the main reasons EURO bulls were able to limit declines well above 1.14 handle which has acted as stable support across the week. US Dollar regained strength in the broad market on upbeat new home sales data. Dollar bulls received from strength on news that trade deal has been delayed yet-again despite both parties expressing optimism on progress and key issues being addressed as expected.
U.S. President Donald Trump commented that he is likely to meet Chinese Premier Xi Jinping along with North Korean Premier Kim Jong Un towards the end of February 2019
and is very hopeful of trade deal during his meeting’ However he also mentioned imposing of tariff’s if a deal is not made within deadline of March 1, 2019.
US NFP Update Eyes For Directional Cues
This has caused strong unrest in the market as the month ahead is also set to see trade talks between EU and US officials over trade relations. U.S. is expected to use the threat of tariffs to gain concessions from EU and in case the attempt doesn’t work, U.S. government is expected to impose tariffs on EU Auto market which is providing a significant level of dovish outlook for the common currency in the broad market. Given that short to medium term outlook has turned dovish and European markets lack fundamental support to sustain EURO’s positive near recent highs, the pair is expected to see further declines in the month ahead. As of writing this article,
EURUSD
pair was trading flat at 1.1439 down by 0.04% on the day.
The pair is expected to continue consolidative action ahead of EU area preliminary CPI data and German manufacturing PMI data hitting the market. However, worse than expected outcome in European macro data is likely to serve as a trigger for further decline. Post-EU CPI update, investors focus will shift to US Non-Farm Payroll data and Unemployment data. A better than expected to reading will result in US Dollar bulls regaining upper hand dragging the pair back near critical support levels of 1.1300 handle while worse than expected outcome will likely result in EURO gaining a breather and establish intermediate support levels for further consolidative action during the first week of February 2019. In immediate future, expected support and resistance for the pair are at 1.1430, 1.1400, 1.1389 and 1.1450, 1.1471, 1.1501 respectively.
This
article
was originally posted on FX Empire
Story continues
More From FXEMPIRE:
Oil Price Fundamental Daily Forecast – OPEC-led Cuts Underpinning Prices; China Deal Will Spike Prices Higher
Price of Gold Fundamental Daily Forecast – Weak Jobs Data Will Be Supportive
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 01/02/19
GBP/USD Price Forecast – GBP To Suffer Losses As Bearish Pressure Builds Up On Brexit Chaos
Three best trading setups on the NFP Friday.
Is the Dollar in for a Surprise? Nonfarm Payrolls and Wage Growth in Focus
View comments
很赞哦!(74736)
相关文章
- Trintech Extends Reporting Capabilities in Its Adra Suite with the Launch of Adra Analytics
- What Is Hope Bancorp, Inc.'s (NASDAQ:HOPE) Share Price Doing?
- What Kind Of Shareholder Appears On The Vardhman Polytex Limited’s (NSE:VARDMNPOLY) Shareholder Register?
- Deepwater Activity Remains Strong in International Oil Markets: Trey Stolz, Managing Director of Oilfield Services Research at IBERIA Capital Partners, Interviews with The Wall Street Transcript
- NEWSMAKER-So near yet so far for Malaysia's Anwar
- Want to finish that screenplay? This writing tool for screenwriters is on sale for 77% off.
- Bank of Montreal (BMO) Upgraded to Strong Buy: Here's Why
- Factbox: GM taps disaster fund expert for potential recall victims' fund
- Looking for a Growth Stock? 3 Reasons Why Lumentum (LITE) is a Solid Choice
- Vivendi pushes out Canal+ chief as profits shrink
热门文章
- SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
- What Percentage Of Alexium International Group Limited (ASX:AJX) Shares Do Insiders Own?
- BRIEF-Nanning Sugar's Controlling Shareholder Transfers Stake In The Company To Guangxi Rural Investment
- BRIEF-Tern Properties Co Updates On Status Of Public Float
站长推荐
This Day In Market History: Buffett's $3B GE Bet
10 Restaurants Open on New Year's Day 2019
Robuxgenerator Inc Launches Free Robux Generator to Get Free Robux in 2022 without Verification
For France's Macron, 2020 again brings rocky start, outlook
State-backed hackers targeting coronavirus workers, US and UK warn
First Circuit Declares Appointment of FOMB Members Violates Appointments Clause
Is It Smart To Buy Shoe Carnival, Inc. (NASDAQ:SCVL) Before It Goes Ex-Dividend?
Go-Jek raises $1 billion in round led by Google, Tencent, JD
友情链接
- Is It Too Late To Consider Buying KBC Group NV (EBR:KBC)?
- Could coronavirus trigger a recession?
- Our Take On Avery Dennison's (NYSE:AVY) CEO Salary
- Hedge Funds Aren’t Done Buying Euronav NV (EURN)
- Is Now An Opportune Moment To Examine Unicaja Banco, S.A. (BME:UNI)?
- 4 Top Momentum Stocks Powered by Driehaus Strategy
- To the millions of parents who didn’t choose to homeschool: This is a unique opportunity
- Is Changan Minsheng APLL Logistics Co., Ltd.’s (HKG:1292) CEO Salary Justified?
- Toll Brothers Makes Wedbush's Best Ideas List: Here's Why
- StockBeat: Virus Derails Intu's Rescue Plan