EUR/GBP: "bulls" managed to seize the initiative in the pair
The EUR/GBP currency pair is showing weak gains, correcting around 0.8632 after a significant bearish move that resulted in the lowest levels since September 18.
Investors' focus is now on the expected economic data from the UK. S&P Global's manuf... Read more on Indexaco...2023-12-01 13:15:28
EUR/USD: data show a decrease in the inflation rate in the European Union
The euro is showing ambiguous behavior in the market, hovering around the level of 1.0970 and striving to recover from the recent corrective decline, thanks to which the EUR/USD pair reached August highs.
Yesterday, market participants an... Read more on Indexaco...2023-11-30 13:47:12
FOREX Fundamental Analysis for November 30, 2023
German inflation slowed to 2.3%, allowing ING to claim that the ECB's assessment of inflationary pressures was wrong. Inflation is falling across the Eurozone and the regulator, according to financial analysts, can start cutting interest rates right from tomorrow. The ... Read more on Indexaco...2023-11-30 08:55:34
EUR/USD: euro grows before eurozone inflation data
The EUR/USD currency pair continues to show moderate growth, continuing the bullish trend started last week. The currency seeks to strengthen above the level of 1.1000, ahead of the expected economic reports from the European Union and the United States.
Today,... Read more on Indexaco...2023-11-29 14:12:58
GBP/USD continues its upward trend with the renewal of local highs on Wednesday. Buyers broke an important resistance at 1.2700 and are trying to consolidate above this level.
"Bullish" impulse GBP/USD received yesterday after the speech of three representatives of the Federal Reserve, each of whom announced a... Read more on Indexaco...2023-11-29 10:17:17
FOREX Fundamental Analysis for November 29, 2023
The market received an indirect confirmation of the red-hot idea of a "dovish" reversal. In yesterday's speech, the head of FRB Chicago compared the monetary restriction cycle with the process of turkey cooking. Both there and there, he notes, the main thing is not to ... Read more on Indexaco...2023-11-29 10:09:59
Trading idea for USD/JPY from November 28, 2023
On Tuesday, USD/JPY shows a weak recovery attempt and trades just above 148.50 at the moment.
Market participants are interested in the direction of the monetary policy vector of the Bank of Japan, in this regard they are carefully analyzing the national statistic... Read more on Indexaco...2023-11-28 13:23:38
On Tuesday, GBP/USD traded in a varied manner, not retreating far from the local highs of September 1. Yesterday the pair strengthened slightly, playing off the weakness of the U.S. dollar.
Rumors are growing in the market that the Fed may move to easing monetary policy faster than previously planned. At the s... Read more on Indexaco...2023-11-28 13:21:30
FOREX Fundamental Analysis for November 28, 2023
Stock indices may close November with the best result of the month. The demand at the US debt bond auctions is huge, hence the yields are falling and pulling the dollar down through currency correlation. Will this help EUR/USD?
For the dovish reversal forecasters... Read more on Indexaco...2023-11-28 07:46:14
The franc is supported by the national statistics. Thus, according to the report, employment grew by 1.9% or 102.3 thousand jobs in the third quarter. At the same time, the number of open vacancies decreased by 10 thousand or 8.1% (y/y).
The USD/CHF index is declining and trades at 103.100. The US manufacturin... Read more on Indexaco...2023-11-27 14:03:44
NZD/USD: Neuseeländischer Dollar nahe Spitzenwerten
Das Währungspaar NZD/USD erfährt eine Korrektur nach dem Anstieg der letzten Woche, als es seit dem 10. August frische Höchststände erreichte. Im Moment testet der Kurs das Niveau von 0.6060 auf die Möglichkeit eines Rückgangs, in Erwartung neuer Anreize auf dem Mar... Read more on Indexaco...2023-11-27 13:59:57
NZD/USD: New Zealand Dollar is close to peak values
The NZD/USD currency pair is experiencing a correction after the growth achieved last week, when it reached fresh highs since August 10. At the moment, the exchange rate is checking the 0.6060 level for the possibility of a decline, in anticipation of new incentives... Read more on Indexaco...2023-11-27 13:54:07
FOREX Fundamental Analysis for November 27, 2023
Weak data on Eurozone business activity indices confirms the recession of the European economy, which together with the expectation of lower inflationary pressure helps the European currency. Prospects of a dovish Fed reversal will support risk assets, including the eu... Read more on Indexaco...2023-11-27 08:46:12
EUR/USD: ECB notices the beginning of stress in the banking sector
The EUR/USD currency pair shows a volatile trend, stabilizing around the 1.0900 level. On Friday, market activity remains moderate, and the pair is heading to the end of the week without significant changes, given the closure of American trading platf... Read more on Indexaco...2023-11-24 11:24:44
On Thursday, GBP/USD remains near the key level of 1.2500. On the previous day, the pair actively declined, then began to recover. Today, the United States celebrate Thanksgiving Day, so the volatility of currency pairs is expected to be low.
On Wednesday, the data on unemployment claims were released in the U... Read more on Indexaco...2023-11-23 13:08:42
FOREX Fundamental Analysis for November 23, 2023
The currency market lives by expectations. It is no coincidence that traders use the old proverb proven over the years: "buy on rumors, sell on facts". The US dollar in 2022-2023 was strengthening not only because of the tightening of financial conditions of the Federa... Read more on Indexaco...2023-11-23 13:00:19
EUR/USD: investors expect results on business sentiment in the eurozone
The EUR/USD currency pair is experiencing a correction, being at 1.0902, after moving away from the maximum values on August 11 over the past two days.
Since the beginning of November, the euro has significantly strengthened against the bac... Read more on Indexaco...2023-11-23 12:52:29
The Dollar Index remains at October lows and is trading near the 103.80 level at the moment.
Last week's US inflation report crashed the US currency as the consumer price index fell from 3.7% to 3.2% in October and core inflation fell from 4.1% to 4.0%. This was significantly higher than analysts' forecasts, a... Read more on Indexaco...2023-11-22 11:32:01
On Wednesday, GBP/USD is in a narrow price range and is trading at 1.2534 at the moment.
On the eve, the head of the Bank of England said that investors overestimate the role of macroeconomic statistics indicating a reduction in inflationary pressures. It is important for the regulator that the indicator remai... Read more on Indexaco...2023-11-22 10:16:50
FOREX Fundamental Analysis for November 22, 2023
Despite the assurances of central bank officials, investors are waiting for dovish reversals from both the Fed and the ECB, which again supports the dollar. Until the markets are convinced of a long-term plateau for rates, the appetite for stock indices, and through th... Read more on Indexaco...2023-11-22 10:11:50