Tag Archives: EUR USD

ECB statements raises the euro

In a recent press conference, ECB Head Christine Lagarde made the following statements:
“The incoming information confirms that the eurozone economy is experiencing an unprecedented recession.
Accordingly, we decided on a set of monetary policy measures to support the economy during its gradual opening and ensuring medium-term price stability.
First, the Governing Council decided to increase the coverage of the Pandemic Emergency Procurement Program (PEPP) by € 600 billion to a total of € 1,350 billion.
Second, we decided to extend the purchase of assets under PEPP until the end of June 2021.
Third, the Governing Council also decided to reinvest the main payments on securities with the coming maturity at the end of 2022.
Fourth, asset purchases (APP) of € 20 billion under our program will continue on a monthly basis, as well as purchases of € 120 billion by the end of the year as an additional envelope.
Fifth, we are ready to continue fully reinvesting the main payments on derivatives purchased for a long time under APP, up to the date until the ECB finds opportunity to raise interest rates.
Sixth, we decided to leave the interest rates unchanged. ”
Forecasts of ECB members say…

EUR/USD – USD Needs To Strike Back To Save Itself, Now Or Never!

The USD has lost its chance to stay higher and now is into agony. Today is crucial for the dollar as the US nonfarm payrolls will ruin it or will save it from the downtrend. EUR/USD is trading at 1.1371, it has reached another upside obstacle. The pair will take out it if the USDX drops further.The Dollar Index free fall has pushed EUR/USD higher. I believe that only some better than expected US data could save the dollar. USDX is almost to reach the 96.36 static support, a valid breakdown will suggest the EUR/USD further increase, while a rejection will signal EUR/USD decrease.The US NFP could come in around -7,750K, a better number will boost the dollar in the short term, the Average Hourly Earnings could increase by 1.0% in May, while the Unemployment Rate could climb to 19.4% as a COVID-19 pandemic effect.EUR/USD has ignored the 1.1200, R1 (1.1243), and the upper median line (UML) obstacles and now has reached the R2 (1.1383) static resistance. A valid breakout above the upper median line (UML) and above the R2 (1.1383) could announce medium- to the long-term upside movement.Still, today’s candle could close in the red if the US data comes…

EUR/USD high and low June 05, 2020

The intraday high and low from the Central Bank Dealer Range (CBDR) usually form at STDV 2-STDV 4 in the normal condition market. Sometimes it can reach the STDV 5-STDV 6 level during the high volatility in the market. Here are today’s levels:STDV 10 – 1.1495.STDV 9 – 1.1480.STDV 8 – 1.1465.STDV 7 – 1.1450.STDV 6 – 1.1435.STDV 5 – 1.1420.STDV 4 – 1.1405.STDV 3 – 1.1390.STDV 2 – 1.1375.STDV 1 – 1.1360.CBDR – 1.1345. ==================CBDR – 1.1330.STDV 1 – 1.1315.STDV 2 – 1.1300.STDV 3 – 1.1285.STDV 4 – 1.1270.STDV 5 – 1.1255.STDV 6 – 1.1240.STDV 7 – 1.1225.STDV 8 – 1.1210.STDV 9 – 1.1195.STDV 10 – 1.1180.Pay attention to the level between today’s & yesterday range at 1.1255, 1.1345 & the previous day high 1.1362 with the previous day low 1.1195. (Disclaimer)The material has been provided by InstaForex Company – www.instaforex.com…

Japan Household Spending Sinks 11.1% On Year In April

The average of household spending in Japan was down 11.1 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday – coming in at 267, 922 yen. That beat expectations for a drop of 15.4 percent on year following the6.0 percent fall in March. The average of monthly income per household stood at 531,017 yen, up 0.9 percent on year. On a monthly basis, household spending fell 6.2 percent – also beating expectations for a fall of 8.7 percent after slipping 4.0 percent a month earlier. The material has been provided by InstaForex Company – www.instaforex.com…

*Australia Performance Of Services Index 31.6 In May – AiG

Australia Performance Of Services Index 31.6 In May – AiG The material has been provided by InstaForex Company – www.instaforex.com…

Dollar Loses Ground After ECB Increases Size Of Bond-buying Program

The U.S. dollar exhibited weakness on Thursday after showing some strength in the European session amid rising tensions between the U.S. and China. The European Central Bank’s move to increase the size of its asset-buying program by 600 billion euros, from the current size of 750 billion euros, boosted risk sentiment and lifted the euro to a three-month high against the greenback. The dollar index, which dropped to a low of 96.57, was last seen at 96.76, down by about 0.55% from previous close. A report released by the Commerce Department today showed the U.S. trade deficit widened by slightly more than anticipated in the month of April. The report said the trade deficit widened to $49.4 billion in April from a revised $42.3 billion in March. Economists had expected the trade deficit to widen to $49.0 billion from the $44.4 billion originally reported for the previous month. The wider trade deficit came as the value of exports plunged by 20.5% to $151.3 billion, while the value of imports tumbled by 13.7% to $200.7 billion. According to the data released by the Labor Department, first-time claims for U.S. unemployment benefits pulled back further off their recent record high in the…

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Overview of the EUR/USD pair. June 5. The ECB will distribute the money until mid-2021. The EU economy may decline by more

4-hour timeframeTechnical details:Higher linear regression channel: direction – sideways.Lower linear regression channel: direction – upward.Moving average (20; smoothed) – upward.CCI: 227.4457The EUR/USD currency pair started a long-awaited correction on June 4. It started and finished very quickly. In yesterday’s reviews, we assumed that the European Central Bank will expand the program of recovery of the European economy after the crisis caused by the pandemic by several hundred billion euros, which will mean even more easing of monetary pressure. In practice, this is what happened. The ECB’s ultra-soft monetary policy became even softer, however, the regulator had nothing to do. The crisis has dealt a painful blow, and the EU economy needs to be saved while there is still something to save. But the reaction of traders to what is happening once again raised a huge number of questions. It should be noted immediately that when the results of the ECB meeting were published, the euro currency first soared up, and then immediately began a downward pullback. Thus, the results of the ECB meeting led only to a small spike in volatility (a total of about 70 points), no more. But the subsequent growth of the European currency was in any case…