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Uerusd

EURUSD has an upward trendJulius Baer reduces its forecasts for the euro versus the dollar, now expecting it at $1.04 in three months compared with a previous forecast of $1.10, reflecting recent price movements and as the economyfavors a stronger dollar, economists David Kohl and Stephanie Kennedy say in a note. Given this week's dollar gains, it is increasingly difficult to justify forecasting euro appreciation as the dollar benefits from "a sustained tailwind." As both the Federal Reserve and the European Central Bank have probably completed their cycle of interest-rate increases, movements in the exchange rate will increasingly depend on economic momentum again, they say. Julius Baer forecasts EUR/USD at 1.08 in 12 months' time. EUR/USD falls 0.1% to 1.0458.
Long
by FalCol_TradingMaster
market is in panic again what happenedThe sharp drop in Credit Suisse's stock price triggered a chain reaction, causing the global market to fall into panic again. There was a safe-haven scene where the US dollar and gold rose simultaneously, while European and American stock markets and crude oil prices suffered heavy losses. As the largest shareholder of Credit Suisse Bank, the chairman of the National Bank of Saudi Arabia ruled out the possibility of providing more financial assistance to Credit Suisse in an interview on Wednesday, which led to a sharp increase in the default risk of Credit Suisse priced in the market, and the stock price fell at an accelerated rate. It had fallen more than 20% before the opening bell. However, the impact did not stop at Credit Suisse's stock price plunge, but triggered a chain reaction of global financial market turmoil. As the worries caused by the bankruptcy of Silicon Valley Bank in the United States have spread to Europe, the risk of European banking industry has been slowly fermenting in recent days. Germany's BaFin suspended the business of Silicon Valley Bank's German branch on Monday, but declared that the German subsidiary of Silicon Valley Bank will not pose a threat to the stability of the financial system. The French Finance Minister also came forward to reassure the market on Monday, saying that "there is no specific risk of contagion from the Silicon Valley Bank (SVB) incident, and the French banking industry is stable." As the Federal Reserve and the U.S. Treasury Department took timely measures to deal with the bankruptcy of Silicon Valley Bank, which prevented the panic from intensifying, and the inflation data released by the U.S. showed no surprises, the market sentiment has basically stabilized on Tuesday, and European and American stock markets generally rebounded on the day strengthen. However, the sharp drop in Credit Suisse's stock price on Wednesday is undoubtedly equivalent to another blow to the market recovering from a serious illness, causing the entire financial market to fall into a more serious panic than last Thursday to this Monday. Although, regarding this dangerous situation, the CEO of Credit Suisse responded before the U.S. stock market, saying that "we are a strong bank that exceeds all regulatory standards." In addition, he said the deficiencies in previous financial reports referred to financial reporting controls and had no impact on performance. He also reiterated that Credit Suisse has nothing to do with the state of the U.S. banking sector (Silicon Valley Bank bankruptcy). However, the market did not buy it. The share price of Credit Suisse Bank continued to decline after the opening bell, and has now fallen by nearly 30%. At present, the market is completely dominated by safe-haven trading. The difference from last Thursday to this Monday is that the dollar gold has risen at the same time, and the dollar has now risen by more than 1%. Gold hit a recent high of $1,930 an ounce as risk aversion masked downward pressure from a rising dollar.
OANDA:XAUUSDLong
by Navigation-h
CADJPY SCALP SHORTHi Team This is a short and sweet technical chart analysis. We are in a short consolidation phase (likely due to low market volume) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance. I expect a drop at least to the 1H ascending correction support, if not further. This is a straightforward trade - clear invalidation level marked, and high probability TP. The markets are moving with low volume at the moment, so I will only be posting ideas with merit. Likely will see more from me tomorrow. Like what I do? Please like, comment and subscribe! Good luck, Trade safe DrBear
Short
by DrBear
1
EUR/USD hovers around 1.0540s as bears take a breather 6 May 2Risk-aversion lifted the low-yielder EUR, despite broad US dollar strength. The US labor market keeps strengthening, adding 428K jobs to the economy. EUR/USD Price Forecast: In the long-term downward biased, but the 1-hour chart depicts the pair as neutral-upwards. The EUR/USD trimmed some of Thursday’s losses, and it is set to finish the week on the right foot, snapping four consecutive weeks of losses amidst a risk-aversion environment in the financial markets. At 1.0552, the EUR/USD edges up some 0.13%. Sentiment remains negative, as reflected by US equities, extending their losses for the second straight day. Earlier in the North American session, the US Department of Labour unveiled April’s Nonfarm Payrolls report, which showed that the US economy added 428K jobs, higher than the 391K foreseen by analysts. Job gains were led by leisure, hospitality, manufacturing, transportation, and warehousing. The Unemployment Rate remained unchanged at 3.6%, and Average Hourly Earnings rose by 5.5% y/y, lower than the 5.6% last month’s previous reading. “Nothing in today’s employment report would change the Fed’s expected path ... current market sentiment does not place a lot of confidence in the Fed getting inflation under control without a recession,” according to sources cited by Reuters. Analysts at ING wrote in a note that “the unemployment rate held steady at 3.6% rather than dropping to 3.5% as expected, which in combination with a softer average hourly earnings figure of 0.3% month-on-month rather than the 0.4% consensus forecast (and slower than the 0.5% gain in March) may been taken as a signal of less inflationary pressures in the jobs market.” Meanwhile, the US Dollar Index, a measurement of the greenback’s value against a six currencies basket, is pairing early day losses, up 0.11%, currently at 103.664, while the US 10-year Treasury yield reached a YTD high around 3.131%. EUR/USD Price Forecast: Technical Outlook From a daily chart perspective, the EUR/USD remains downward biased. Despite Friday’s price action, which favored the shared currency, the major remains vulnerable to further selling pressure, albeit ECB’s member efforts to boost the EUR. The 1-hour chart in the near-term depicts the EUR/USD as neutral-upward biased. The 50-hour simple moving average (HSMA) crossed over the 200-HSMA, a bullish signal, but the almost horizontal slope keeps the EUR/USD range-bound. Upwards, the EUR/USD’s first resistance would be April 2017 high at around 1.0569. Break above would expose Friday’s daily high, shy of the 1.0600 figure, followed by the R1 daily pivot at 1.0620. On the downside, the EUR/USD’s first support would be the 200-HSMA at 1.0550. A breach of the latter would expose the February 2017 swing low at 1.0494, followed by the S1 daily pivot at 1.0470, and then 1.0450.
Short
by sniper_2022
2
USDCAD | SWING - 8 Oct. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The Canadian breaks the rising trend line, and with that, it will continue to descend and will retreat to the upside at the buying area shown on the chart. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Short
by Saeed966
5
EURUSD has a Head and Shoulders Pattern on its Daily ChartMultiple authors already posted this pattern under EURUSD. I previously posted on the EURUSD Bearish Pin Bar on the daily chart (August30, 2017). Back then, I did not look at the COT data. I am correcting that oversight now. Go to wwwdotbarchartdotcom and look under futures then under Commitment Of Traders. It looks like the commercials play futures on a longer time scale (better for long term trend changes) than the large speculators (who are better to follow for short term momentum trades). Certainly the commercials can get caught on occasion in a short squeeze but that does not seem to happen very often.
Short
by haug01