EUR/USD Weekly Analysis (week of 20-24/07)

Euro Zone Purchasing Managers Index is projected to outperform last figure with 51.0 while it previously stood at 48.3, data will be released today at 8:00 AM.

Jul. 24, 2020

Euro hits 1.1662, highest rate in 1 years

(22:00) GMT

EUR/USD rallied 53 pips (0.46%) deep into the session trading at 1.1655.

Uptick comes while some more positive signs for Euro/Dollar are out as Germany GfK German Consumer Climate (Aug) beats expectations of -5.0 with new data release of -0.3. This is also a step forward from the previous data of -9.4. New data for United States Money Supply was released Thursday 12:30 PM comes out at 1,416K, beating projections of 1,300K and showing improvement over the preceding figure of 1,307K. France French Business Survey (Jul) released earlier shows an improvement to 82 from the preceding data of 78, but falls short of the projected 85.

At the same time looking at other markets some moves suggest a different direction Aussie/Dollar lost 30 pips from the start of the session, trading at 0.7104 levels.

In the meantime, interesting moves noted when Canadian Dollar is trading around 1.3413 after starting the session at 1.3453 (down 40 pips).

Jul. 23, 2020

Euro/Dollar hits 1.1602, highest rate in 1 years

(22:00) GMT

After starting the day at 1.1577 EUR/USD went up to 1.1602 only to drop back to starting point range and now trading at 1.1596.

Uptick comes while some more positive signs for Euro/Dollar are out as New data for Germany GfK German Consumer Climate (Aug) was released today at 6:00 AM comes out at -0.3, beating projections of -5.0 and showing improvement over the preceding figure of -9.4. United States Home Sales released earlier shows an improvement to 4.72M from the preceding data of 3.91M, but falls short of the projected 4.78M. New data for United States Money Supply was released today at 12:30 PM comes out at 1,416K, beating projections of 1,300K and showing improvement over the preceding figure of 1,307K.

A look at other markets shows behavior that usually indicate a green move for Euro/Dollar as Australian dollar went up from 0.7018 to 0.7095 (1.1%, 77 pips).

In the meantime, interesting moves noted when Canadian Dollar is trading around 1.3406 after starting the session at 1.3534 (down 127 pips).

Jul. 22, 2020

New 1 years high for Euro at 1.1577

(22:00) GMT

EUR/USD rallied 36 pips (0.31%) deep into the session trading at 1.1571.

This move comes while some more positive signs for Euro/Dollar are out as United States Home Sales released earlier shows an improvement to 4.72M from the preceding data of 3.91M, but falls short of the projected 4.78M. Finland Unemployment released Tuesday 5:00 AM with a figure of 6.7%, this is better from previous number of 10.6%. Greece Current Account released Tuesday 8:00 AM with a figure of -0.914B, this is better from previous number of -1.133B.

A look at other markets shows behavior that usually indicate a green move for Euro/Dollar as Aussie/Dollar gained 2.07% from 0.6992 to 0.7137 (144 pips).

In the meantime, interesting moves noted when Canadian Dollar is trading around 1.3414 after starting the session at 1.3584 (down 170 pips).


Compare The Top Forex Trading Brokers In Your Location


Jul. 21, 2020

Euro goes back up to Jan, 11 19 levels, reaching 1.1538

(22:00) GMT

EUR/USD rallies 80 pips and maintains at 1.1531 level.

This move comes while some more positive signs for Euro are out as Germany Producer Price Index released earlier shows an improvement to -1.8% from the preceding data of -2.2%, but falls short of the projected -1.6%. Finland Unemployment released today at 5:00 AM with a figure of 6.7%, this is better from previous number of 10.6%.

Despite this, other data released earlier might suggest a different path as While down from preceding data of 7.2%, Slovakia Unemployment is better than expected at 7.4% according to new data released Monday 7:00 AM.

A look at other markets shows behavior that usually indicate a green move for Euro/Dollar as Aussie/Dollar went up from 0.6992 to 0.7133 (2.02%, 141 pips).

In the meantime, interesting moves noted when Canadian Dollar is trading around 1.3456 after starting the session at 1.3584 (down 128 pips).

Jul. 20, 2020

Euro/Dollar goes back up to Mar, 10 levels, reaching 1.145

(22:00) GMT

EUR/USD rallies 18 pips and maintains at 1.1443 level.

Euro green move comes while some more encouraging signs are out as Germany Producer Price Index released earlier shows an improvement to -1.8% from the preceding data of -2.2%, but falls short of the projected -1.6%. 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%.

Despite this, other data released earlier might suggest a different path as While down from preceding data of 7.2%, Slovakia Unemployment is better than expected at 7.4% according to new data released today at 7:00 AM.

A look at other markets shows behavior that usually indicate a green move for Euro as Australian dollar is green with 0.2% up move (14 pips), to 0.7015 levels.

In the meantime, interesting moves noted when Canadian Dollar is trading around 1.3536 after starting the session at 1.3576 (down 40 pips).

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.