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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: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-euro-positive-short-term/
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  • Squawk / 10 April 2019 at 5:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD remains vulnerable into ECB meeting and Fed Minutes

    The Euro remains somewhat vulnerable sustaining losses versus many major currencies through March, most notably the US Dollar, but including the Canadian and Australian Dollars and to a lesser extent the Pound.
    This has primary reflected a still very dovish ECB and a deterioration in European economic data, mostly in Germany in the past month.
    Furthermore, the US$ has displayed a solid tone, strengthening against most major currencies throughout March, with global economic slowdown concerns seeing the US currency bought as a safe haven (despite a more dovish tone from the Federal Reserve).
    Today, the Forex market sees both an ECB Meeting and the release of the latest FOMC Minutes, which could combine to see a significant move in EURUSD, with the technical risks skewed towards the downside.

    https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-remains-vulnerable-into-ecb-meeting-and-fed-minutes/
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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: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eur-usd-euro-stays-weak/
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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: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/euro-stays-vulnerable/
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  • Squawk / 21 January 2019 at 6:48 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD downside threats ahead of Thursday’s ECB Meeting

    The Euro has come under broad negative pressures through mid-January, driven by continuing political turmoil in France and Italy, plus in Greece, Tsipras called and closely survived a vote of no confidence.
    Furthermore, the European Central Bank had been expected to begin to tighten up their very accommodative monetary policy and maybe start hiking rates by summer 2019. Disappointing inflation data is still the major concern for the ECB President, Mario Draghi and ahead of Thursday’s ECB Meeting, he cautioned markets last week that significant improvement would be required to see the rate hiking cycle commence.
    This sent the Euro lower and leaves the spotlight on further comments on the Thursday 24th January meeting.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-downside-threats-ahead-of-thursdays-ecb-meeting/
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  • Squawk / 17 December 2018 at 6:04 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Whoever is Short the Euro Has The Upper Hand by Stephen Pope

    ECB comments on the 13th undermined the Euro

    Any recovery in prices on Monday morning will be short lived

    No major reaction expected after FOMC on December 19th

    Bearish sentiment prevails and will take prices lower toward 1.1100

    See the full article and analysis here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/whoever-is-short-the-euro-has-the-upper-hand/
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  • Squawk / 19 October 2018 at 10:43 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Market Wrap 19/10/18 by Gavin Pannu

    Asian markets were volatile overnight as Chinese stocks fall but recovered and closed the session 2% higher. Wall Street led further declines during the session as concerns come from the hawkishness of fed members with the hiking of US interest rates. Disputes with US – China trade, Saudi foul play and Italy’s budget deficit. This has led to a risk off sentiment with money flowing into safe haven assets such as the Japanese Yen and Gold.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/market-wrap-19-10-18/
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  • Squawk / 18 September 2018 at 6:14 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD poised for a more positive signal with Draghi speaking today

    A more positive “risk on” theme in early September has seen both a modest weakening of the US Dollar, alongside a more resilient tone for the Euro, which has pushed EURUSD back to the upper end of a multi-week, broader range environment.
    From a technical perspective, this leaves risks for an intermediate-term bullish shift for EURUSD, but from our viewpoint only triggered by a push up through 1.1791.
    Mario Draghi, the ECB President is speaking this morning, which could provide the trigger for such a bullish statement for the EURUSD currency rate.
    Furthermore, the pan-European equity benchmark average, the Euro STOXX 50 is attempting a basing pattern, which could also see upside potential in the short-term.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-poised-for-a-more-positive-signal-with-draghi-speaking-today/
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  • Squawk / 13 September 2018 at 7:39 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Key GBPUSD and EURUSD levels for today’s Bank of England and ECB Meetings

    Today, Thursday 13th September sees both the Bank of England and European Central Bank (ECB) hold their regular monetary policy meetings.
    From a technical perspective, both GBPUSD and EURUSD are caught within intermediate-term, broader range environment.
    Recent US Dollar corrective weakness amid global “risk on” moves have seen both GBPUSD and EURUSD push towards the upper regions of these range environments.
    In this report we take a look at the significant levels to watch into the two central bank meetings.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/key-gbpusd-and-eurusd-levels-for-todays-bank-of-england-and-ecb-meetings/
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