EUR/USD Weekly Analysis (week of 13-17/07)

Euro Zone Consumer Price Index is projected to outperform last figure with 0.3%, while it previously stood at -0.1%, figure will be published today at 9:00 AM.

Jul. 17, 2020

Euro hits 1.145, highest rate in 4 months

(22:00) GMT

All green EUR/USD gains 52 pips (0.47%), jumping to 1.1437.

Uptick comes while some more positive signs for Euro are out as Euro Zone Consumer Price Index beats expectations of 0.3% with new data release of 0.3%.

Meanwhile, Euro Zone Deposit Facility Rate (Jul) released Thursday 11:45 AM with a figure of -0.50%, while the previous figure was -0.50%. Euro Zone Interest Rate released Thursday 11:45 AM with a figure of 0.00%, while the previous figure was 0.00%. Euro Zone ECB Marginal Lending Facility released Thursday 11:45 AM with a figure of 0.25%, while the previous figure was 0.25%.

With no clear-cut projections the market is looking forward for Ireland Consumer Confidence set for today at 11:01 PM.

Jul. 16, 2020

After starting the day at 1.1419, Euro drifts to 1.138 (down 39 pips)

(22:00) GMT

EUR/USD remains in the 1.138 range after starting the session at 1.1419 and dropping 39 pips.

This downslide might be related to financial indicators data published earlier as France Index of Consumer Prices fall short of the -0.1% projections, with 0.1% and continued its downward trajectory from previous figure of 0.2%.

Meanwhile, Euro Zone Deposit Facility Rate (Jul) comes out at -0.50%, while the projection was -0.50%. Euro Zone Interest Rate released today at 11:45 AM with a figure of 0.00%, while the previous figure was 0.00%. Euro Zone ECB Marginal Lending Facility released today at 11:45 AM with a figure of 0.25%, while the previous figure was 0.25%.

Jul. 15, 2020

Euro hits 1.1419, highest rate in 4 months

(22:00) GMT

After starting the session at 1.1408 EUR/USD spiked to 1.1419, dropped back to starting point range, and rallied again to 1.1412.

This in-between state for Euro is reflected by market data published as Germany ZEW Economic Sentiment fall short of the 60.0 projections, with 59.3 and continued its downward trajectory from previous figure of 63.4. Euro Zone Industrial Production released earlier shows an improvement to 12.4% from the preceding data of -18.2%, but falls short of the projected 15.0%. New data for Euro Zone ZEW Economic Sentiment was released Tuesday 9:00 AM comes out at 59.6, beating projections of 55.8 and showing improvement over the preceding figure of 58.6.

Meanwhile, mixed performance are seen elsewhere as Euro/Yen is trading around 122.036 after starting the session at 120.843 (up 0.99%). Aussie gained 0.79% (54 pips), reaching 0.7009 levels.


Compare The Top Forex Trading Brokers In Your Location


Jul. 14, 2020

Euro/Dollar rallies beyond 1.1408 for the first time in 4 months

(22:00) GMT

EUR/USD rallied 52 pips (0.47%) deep into the session trading at 1.1401.

This move comes while some more positive signs for Euro/Dollar are out as Euro Zone Industrial Production released earlier shows an improvement to 12.4% from the preceding data of -18.2%, but falls short of the projected 15.0%. Germany German ZEW Current Conditions (Jul) released earlier shows an improvement to -80.9 from the preceding data of -83.1, but falls short of the projected -65.0. New data for Euro Zone ZEW Economic Sentiment was released today at 9:00 AM comes out at 59.6, beating projections of 55.8 and showing improvement over the preceding figure of 58.6.

Despite this, other data released earlier might suggest a different path as Germany ZEW Economic Sentiment fall short of the 60.0 projections, with 59.3 and continued its downward trajectory from previous figure of 63.4.

In the meantime, interesting moves noted when Euro/Yen is trading around 122.286 after starting the session at 120.843 (up 1.19%).

Jul. 13, 2020

After starting the day at 1.1308, Euro inches to 1.1344 (up 36 pips)

(22:00) GMT

EUR/USD rallied 36 pips (0.32%) deep into the session trading at 1.1344.

This move comes while some more positive signs for Euro are out as Germany Wholesale Price Index released today at 6:00 AM with a figure of -3.3%, this is better from previous number of -4.3%. France French 12-Month BTF Auction released today at 1:00 PM with a figure of -0.557%, this is better from previous number of -0.559%.

Despite this, other data released earlier might suggest a different path as Down from preceding data of -0.30B, Finland Current Account is released with a new figure of -0.60B.

In the meantime, interesting moves noted when Euro/Yen is trading around 121.7 after starting the session at 120.79 (up 0.75%).

Positive Euro indicators are expected going forward as Euro Zone Industrial Production is projected to outperform last figure with 15.0%, while it previously stood at -17.1%, data will be released tomorrow at 9:00 AM.

Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.