EUR/USD (week of 05-09/09)

Advertiser Disclaimer

Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Home

Live News

EUR/USD

Weekly Summary

After ending yesterday at 1.0047, Euro-Dollar shifts up to 1.0047 (down 10,046 pips) .

A good end to the trading week, EUR/USD is up to 1.0047, after closing yesterday at zero. Overall, a 0% move or 10,046 pips this week. (Trade Euro-Dollar with FXTM now).

On the flip side, data for United States Initial Jobless Claims released yesterday at 12:30 UTC comes out at 222,000, beating projections of 240,000 and showing improvement over the preceding figure of 228,000.

Meanwhile, Euro Zone Deposit Facility Rate (Sep) comes out at 0.75, while the projection was 0.5. Euro Zone Interest Rate released yesterday at 12:15 UTC with a figure of 1.25, while the previous figure was 0.5. Euro Zone ECB Marginal Lending Facility comes out at 1.5. Euro Zone CFTC EUR speculative net positions comes out at -36,300.

The market is looking forward to the release of new data: Germany ZEW Economic Sentiment Index is expected Tuesday. Euro Zone Industrial Production projected to come out at 0.2% — worse than previous data of 0.7%; data will be released Wednesday. France HICP (MoM) (Aug) will be released Thursday.

Sep. 9, 2022

After ending the previous trading day at 0.9997, the Euro climbs to 1.0047 (up 49 pips)

(23:00) GMT

The Euro trades at 1.0047 after gaining 49 pips (0.5%).

Meanwhile, Euro Zone Deposit Facility Rate (Sep) released yesterday at 12:15 UTC with a figure of 0.75, while the previous figure was zero. Euro Zone Interest Rate comes out at 1.25, while the projection was 1.25. Euro Zone ECB Marginal Lending Facility released yesterday at 12:15 UTC with a figure of 1.5, while the previous figure was 0.75.

EUR/USD broke through the 1.0151 resistance, climbing 103 pips above it. The Euro made an initial breakout above its 50 day Simple Moving Average at 1.0136, a potential indicator of a newly emerging bullish phase. Price action overcame a known Fibonacci resistance level at 1.0024 by around 23 pips with prices hammering out a 0.9996 – 1.0114 session range.

Overall, looking at the technical analysis landscape, it seems Euro-Dollar might continue pointing upwards in the short term.

Other currencies also seem to be going up as AUD/USD is up 1.39%.

Meanwhile, USD/CHF is trading around 0.9607 (down 99 pips). USD/JPY is down to 142.61, losing 150 pips, after closing at 144.12 yesterday.

Having set a significant high of 1.0114 3 days ago, Euro-Dollar is trading 0.94% lower.

trade on the EUR/USD