The EUR/USD pair fell to 1.0569 on Tuesday as concerns about continuously tight financial conditions weigh on economic expectations. The US Dollar be
nefited from the sour sentiment, as stock markets kept giving up yearly gains while government bond yields flirted with record highs. Other than that, speculative interest awaits inflation-related figures from major economies to confirm or deny its concerns.
So far this Tuesday, the calendar has been relatively scarce, with no data from Europe but some housing-related releases from the United States . The country will publish the July Housing Price Index and the S&P/Case-Shiller Home Prices Index for the same month. Additionally, the US will release August New Home Sales and September CB Consumer Confidence.will publish updates on price pressures.
For the near term, the 4-hour chart suggests the ongoing recovery is not enough to change the pair's longer-term direction. Technical indicators corrected oversold conditions but remain well below their midlines. At the same time, the 20 SMA has decelerated its slump but keeps grinding south below bearish longer ones, reflecting sellers' dominance.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/USD Forecast: Another leg lower as the Dollar holds firmThe EUR/USD broke below 1.0630 and tumbled to 1.0574, reaching the lowest since March. The Euro continues to decline, posting its fifth consecutive da
Weiterlesen »
EUR/USD Forecast: Market fears favor a bearish breakoutThe US Dollar started the week with a firm footing, resulting in EUR/USD trading as low as 1.0619. Following central banks' mostly hawkish decisions
Weiterlesen »
EUR/USD Forecast: Sellers to retain control unless Euro clears 1.0650EUR/USD closed deep in negative territory on Monday and dropped to its lowest level since March at 1.0570 in the Asian trading hours on Tuesday. Altho
Weiterlesen »
EUR/USD Forecast: Euro shows no signs of life ahead of ECB Pres. Lagarde speechFollowing a quiet Asian session, EUR/USD started to edge lower and broke below 1.0650 in the European morning. The pair's technical outlook suggests t
Weiterlesen »
EUR/USD snaps its four-day losing streak, hovers around 1.0650, focus on German IFO dataThe EUR/USD pair snaps its four-day losing streak during the early Asian session on Monday. Market participants will digest the outcome of the Federal
Weiterlesen »
EUR/USD consolidates around mid-1.0600s, bears retain control near multi-month lowThe EUR/USD pair struggles to gain any meaningful traction on the first day of a new week and oscillates in a narrow trading band, around mid-1.0600s
Weiterlesen »