The European Central Bank must keep an eye on the euro exchange rate to assess whether it poses a risk to the medium-term inflation outlook, ECB Governing Council member Ardo Hansson said on Wednesday. In recent weeks, the ECB has spoken frequently about the currency and warned that any further strengthening could lead it to […]
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EUR/USD has posted gains in Wednesday trading, as the pair has climbed to the mid-1.38 range in the European session. Eurozone and German PMIs beat their estimates, although the French releases fell short of expectations. In economic news, Eurozone and German PMIs beat the forecast, but French PMIs did not keep pace, missing expectations. In the US, today’s major event is New Home Sales. The markets are […]
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+0.0% prev y/y % vs -0.7% exp vs -0.9% prev
46.6 prev current conditions 59.5 vs 51.8 exp vs 51.3 prev Eurozone ZEW April 61.2 vs 60.7 exp Mixed bag leaves EURUSD unfazed around 1.3800 ZEW institute says cautious expectations likely to be caused by Ukraine conflict, and that current … Continue reading →
EUR/USD will be starting this week just under 1.39, which acted as resistance to end the week. We also see a slight dip to start the week as the market trades EUR/USD during the 4/14 Asian session. Overbought: The daily stochastic reading is around 90, which is overbought, so we can expect some intra-session bearish attempt. However, the overall bullish trend seen in the daily chart appears intact, and the EUR/USD looks poised to test 1.3966 after resolving the overbought condition…