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  • Squawk / 18 April 2019 at 5:56 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD – Euro positive short-term

    The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here).
    The EUR USD currency pair recovery through resistance levels has partly reflected a renewal of risk appetite, with European equity averages responding particularly well to some improvement in European data through the first part of April (after economic data weakness seen in March).
    Although the EURUSD Forex rate remains caught within a broader range environment, in the short-term the risks are to the upside.

    See the full article here:
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  • Squawk / 02 April 2019 at 5:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EUR/USD – Euro stays weak

    Last Monday 25th March we highlighted Euro vulnerability here previously driven lower by very weak German Purchasing Managers’ Index data.
    This weakness has continued in late March with dovish comments from European Central Bank members and the ongoing weakening of economic data across the Eurozone.
    Furthermore, the US Dollar has seen broader strength through latter March and into early April, despite a shift to a more “risk on” phase, with global equity markets setting a more positive tone.
    This combination of a weakening Euro and firming US$ leaves EURUSD risks to downside and aims at the 2019 low at 1.175 into early April, as we look at in more depth here:
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  • Squawk / 19 February 2019 at 6:19 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Euro stays vulnerable

    The Euro remains vulnerable, particularly versus the US Dollar, with recent rebound effort fading.
    Ongoing concerns regarding a global economic slowdown are intensifying, with signals from the European Central Bank that a still more dovish approach to monetary policy could be seen in 2019.
    Although the Federal Reserve in the US have also shifted to more dovish, given global economic worries, the US Dollar remains a safe haven of choice.
    This leaves the EURUSD Forex rate vulnerable.

    See the full article here:
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