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EUR USD

saiftauheed Posted 22 Aug.  in #Trader's blog
The EUR/USD pair finally broke out of its consolidation range and jumped to a four-day high level, closer to the 1.1800 handle during early NA session.
The pair quickly surged around 30-pips and the up-move was primarily led by some renewed greenback selling interest, with the key US Dollar Indexnow flirting with lows near the 93.15 level.
Moreover, possibilities of some stops being triggered on a sustained move above 1.1765-70 supply zone might have also collaborated to the pair's sharp spike o…
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EURusd

saiftauheed Posted 20 Aug.  in #Trader's blog
he EUR/USD pair closed the week in the red at 1.1759, after rallying for five consecutive ones, but off the low set on Thursday at 1.1661, following the release of ECB's account of the monetary meeting that took place last July. The document indicated that the ECB is concerned that EUR's strength could delay the timing on reaching their inflation rate of below, but close to 2%. The news came after an early week headline coming from Reuters, indicating that Mario Draghi won't discuss monetary pol…
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EUR USD

saiftauheed Posted 19 Aug.  in #Trader's blog
UR/USD has edged higher in the Friday session, after losing ground on Thursday. Currently the pair is trading at 1.1742, up 0.20% on the day. On the release front, it’s a quiet end to the week. German PPI improved to 0.2%, beating the estimate of 0.0%. Euro zone current account disappointed, as the surplus narrowed to EUR 21.2 billion, well off the estimate of EUR 27.3 billion. This marked the smallest current account surplus since July 2016. In the US, there was one key event, as UoM Consumer S…
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