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Eurodollar

Euro remained below parity against the greenbackEUR/USD ▶️ GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔼 WTI 🔼 Despite several attempts, the Euro met resistance and remained below parity, trading flat at 0.9965. Later today, the German and US Gross Domestic Product data will be available. Meanwhile, GBP/USD fell to 1.1797 with fluctuations. China’s latest stimulus package didn’t do much to cheer the Aussie, AUD/USD dropped to 0.6906, and just climbed to 0.6941. Recession fears kept underpinning the greenback, and to a lesser extent - gold. After retreating from 1.3018, USD/CAD closed lower at 1.2965, gold futures slowly ascended to $1,761.5 an ounce. Without any breakthroughs in the Iranian Nuclear deal, oil supply stagnated and was spooked by possible cuts from Saudi Arabia. WTI oil futures seesawed from a low of $92.92 a barrel to recover at $94.89, the latest Crude Oil Inventories have decreased by over 3.2 million barrels, much high than market projections. More information on Mitrade website.
by Mitrade_official
EURO USD LONG EUR/USD LONG TO 1,35 As per technical side SANK as per 1M Stoch RSI. That factor will certainly prevail which will cause stronger EUR and regaining the ratio in a favor of EU currency. *MACD. multy cross on 1W *1M KDJ bottomed. *RSI hit the bottom on 1M timeframe. Strong EURO will make Europe less competitive and leading towards implosion in certain timeframe (strong currency, bigger export prices, unable to " compete" and participate "under same conditions". ECB made 2 stimulation packages in an amount of 500 bn + 250 bn euros in order to increase liquity. US added few trillions too, now continualy increases interest rates. As every other stornger economy, Europe will become less competitive, (gas price is 3000$) and so on. Petro dollar benefits from this, but, eventualy, US economy will collide and EU will follow.
Long
by milanjelic
13
How long will EUR/USD parity last? After the EURUSD reached and broke below parity, an analysis of the situation is in order. Last week, the euro failed to close above 1.0320 and the 50-Day Moving Average, presenting a potential bull trap and setting up the opportunity for short sellers, as illustrated by the orange circle. Although the pair broke below the parity on August 22, a decent pullback is on the table, as investors become uncomfortable with the unusual valuation of the pair. One only has to look back to July 14, to witness the pullback in the EUR/USD after an intraday probing of the parity level. Bears should remember that we might still be in the middle of a downward leg. So, the medium-term decline may extend to new depths. 0.9900 has already been tested and rejected but a more granular look at the candles might be necessary at this point. The intraday battle The EUR/USD spent most of its time consolidating below parity, organizing near 0.9930, before the London opening and strong European data was released. On the hourly chart, you can see the first of the two big blue candles forming after consumer confidence in the Euro Area rose by 2.1 points in August, from a record low of -27 in July. Consumer confidence was expected to slide further into negative territory, so the upwards revision came as a surprise to the markets. Two subsequent hourly candle wicks broke above parity to test the staying power of a below-parity EUR/USD. For now, Support is building below 0.9960. In the short term, the market might need to work a lot to take out buyers at 0.9900.
by BlackBull_Markets
Europe is arming. Will the printed money go to the gun? &USAWhen we look at the past history, Germany, whose army was liquidated by nato and russia, decided to form an army again. Europe will invest its savings in arms. Since the world arms market giant is America, the biggest demand for dollars will come from Europe, what triggered this, Russia's attack on Ukraine? of course no. The second largest army of the allies is the rapprochement of Turkey with Russia and China. Read. | BRICS | SCO | Source : www.theguardian.com www.economist.com www.ft.com www.bloomberg.com www.reuters.com This is a game. Players, please take your seats. It is not investment advice.
by TraderEtc
Looking at a few months of parabolic collapseThe US has a plan to beat inflation: by creating more inflation. Official announcement, no joke. The "Inflation Reduction Act" is a brilliant plan to burn hundreds of billions of US Dollars in order to reduce inflation. And... it's working... Wave 1 and 3 are both around the same size at about -25%/-30%, and I believe wave 5 is going to either be of a similar length or be the extended one at -35% or more. My intuition tells me investors are going to keep being silly (exhibiting or indicative of a lack of common sense) a few months and then things will reverse. If I am correct according to the IMF and big banks the euro was already undervalued by a double digit percentage at 1.20 and now it's just getting embarassing. Reasons to believe the euro is worth less: - Germany (unlike France) hates nuclear, so energy costs weigh on its economy, plus it wants to tax gaz harder and harder - Little support below parity until ~0.86 - Momentum of a fireball, or a big truck at full speed - It does not seem like Europe has any plan to fight inflation (yet?) - The USD will keep going up simply because the world is full of stubborn and risk-averse old people that have done the same thing their whole lives - I cannot find any reason for it to go up yet, other than it's undervalued (as it has been for years) No matter how dumb it is, follow the herd! Definitely short on the Euro, thanks for the money suckas.
Short
by MrRenev
3
EURUSD Holding Above A Key Support The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis The dollar index, hit new five-week highs as Federal Reserve officials reiterated an aggressive monetary tightening stance ahead of the Fed's Jackson Hole symposium this week. The EURUSD seem to hold above 0.99521 support level on the daily chart, a violation for the mentioned support may open the door for a further losses towards 0.98614 support level. The main view still bearish as long as we're within the downward sloping channel (we can expect lower lows) - but an upward correction is expected on the short term.
by AlyaAkram
$EURUSD Major Historical Bottom - Buying OpportunityFrom 2008 till today, the Euro has been in a steady downward spiral. It's been 14 years of this, but I believe this trend is close to an end. This idea coincides with my DXY major top outlook which I published a while ago. This doesn't necessarily mean Europe is entering a bull market (although it's possible) but it does mean that the US Dollar has probably peaked as the global reserve of value at least for a few years. I would expect rapid recuperation of value of several other currencies like GBP, AUD, CAD, etc. against the USD.
Long
by yRodos
Preferred trade is to sell into rallies on EURUSDEURUSD - Intraday - We look to Sell at 1.0095 (stop at 1.0154) The medium term bias remains bearish. Price action has broken from the previous formation. A firmer opening is expected to challenge bearish resolve. Resistance is located at 1.0100 and should cap gains to this area. Preferred trade is to sell into rallies. Our profit targets will be 0.9956 and 0.9925 Resistance: 1.0100 / 1.0400 / 1.0800 Support: 0.9955 / 0.9900 / 0.9800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA