EUR/USD Live News

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Oct. 26, 2020

Euro/Dollar nudges to 1.1837 ahead of Germany Business Climate Index today at 9:00 AM

Live - Updated 41 minutes ago.

Germany Business Climate Index data will be released today at 9:00 AM, with an expected improvement to 93. EUR/USD reaction to indicator information will follow, meanwhile it nudges to 1.1837.

As the market gets ready for the data release , the Australian dollar lost 27 pips from the start of the session, trading at 0.7113 levels. At 0.9037 Dollar/Swiss down to its lowest value in 7 weeks. The Euro/Yen trades with no major change, around 124.16.

Euro/Dollar technical analysis overall picture ahead of indicator data: At 1.1852, Euro/Dollar made an initial breakout below the 3 day Simple Moving Average. The nearest resistance level is at 1.2539, followed by 1.278 at the next level, support levels are at 1.1532, and followed by 1.1449 further down.

Earlier data releases related to Euro/Dollar –

Data for Finland Import Price Index was released today at 6:00 AM and suggests a downwards trend at -7.3, while previous data was -5.9. The Finland Export Price Index was released with a new figure of -6.9, This is down from the preceding data of -5.4.

Coming up for Euro –

Germany's Business Expectations are projected to decline to 96.5 while the previous data was 97.7, Data will be released today at 9:00 AM. Germany Current Assessment (Oct) projected to outperform last figure with 89.8, while it previously stood at 89.2, data will be released today at 9:00 AM.

Oct. 23, 2020

After 5 weeks hiatus, Euro/Dollar is back at 1.1868 levels

(22:00) GMT

EUR/USD goes back up to Sep. 14 levels, reaching 1.1868

Meanwhile, Germany's GfK Consumer Climate (Nov) fell short of the -2.8 projections, at -3.1 and continued its downward trajectory from the previous figure of -1.7. Data for the Euro Zone Manufacturing PMI released today at 8:00 AM came out at 54.4, beating projections of 53.1 and showing improvement over the preceding figure of 53.7. The Euro Zone Services PMI fell short of the 47 projections, with 46.2 and continued its downward trajectory from the previous figure of 48.

At 1.1792, Euro made an initial breakout below the 50 day Simple Moving Average. The nearest resistance level is at 1.2539, followed by 1.278 at the next level, support levels are at 1.1532, and followed by 1.1449 further down.

A look at other markets shows behavior that usually indicates a green move for the Euro/Dollar as Dollar/Swiss drops to 0.9035 (35 pips). The Euro/Yen is trading around 124.19 after starting the session at 123.91 (up 0.22%). The Aussie/Dollar is green with a 0.32% up move (22 pips), to 0.714 levels.

In the meantime, Kiwi gained 0.31%, currently at 0.6692

Oct. 22, 2020

Is it the end of Euro/Dollar rally? after five days of gains, it is down 42 pips today

(22:00) GMT

In contrast, positive data for Euro/Dollar reported earlier when Data for United States Initial Jobless Claims released today at 12:30 PM came out at 787, beating projections of 860 and showing improvement over the preceding figure of 842. Data for United States Existing Home Sales released today at 2:00 PM came out at 6.54, beating projections of 6.3 and showing improvement over the preceding figure of 5.98.

Meanwhile, Germany's GfK Consumer Climate (Nov) fell short of the -2.8 projections, at -3.1 and continued its downward trajectory from the previous figure of -1.7.

Taking a wider perspective, performance of these other symbols usually suggests a setback for the Euro/Dollar as the Swiss franc is trading around 0.907 (up 27 pips).

At the same time, Euro/Yen trades with no major change, around 123.92.

The nearest resistance level is at 1.2539, followed by 1.278 at the next level, support levels are at 1.1532, and followed by 1.1449 further down.

The market will be looking forward to the upcoming release of the following indicators: Germany's Business Climate Index is projected to outperform the last figure with 93.8, while it previously stood at 93.4, data will be released tomorrow at 8:00 AM. Projections for France Services PMI are set for a continuation of decline with 46.8 while previous data was 47.5, Data will be released tomorrow at 7:15 AM. France's Manufacturing PMI looks to be getting worse with an expected 51 while the preceding figure was 51.2, New data will be released tomorrow at 7:15 AM.

Oct. 21, 2020

Euro up 36 pips to 1.1865 building up on its five days of gains

(22:00) GMT

This move comes while some more positive signs for the Euro are out as data for United States Crude Oil Inventories released today at 2:30 PM came out at -1.001, beating projections of -1.021 and showing improvement over the preceding figure of -3.818.

Meanwhile, United States Building Permits fell short of the 1.52 projections, with 1.553 and continued its downward trajectory from the previous figure of 1.476.

Meanwhile, Euro Zone Current Account fell short of the 17.2 projections, with 19.9 and continued its downward trajectory from the previous figure of 16.6.

A look at other markets shows behavior that usually indicates a green move for the Euro/Dollar as the Aussie is green with a 0.91% up move (63 pips), to 0.7115 levels.

At the same time, Euro/Yen dropped -0.54% (67 pips) to 124.

The nearest resistance level is at 1.2539, followed by 1.278 at the next level, support levels are at 1.1532, and followed by 1.1449 further down.

The market is looking forward to Germany's GfK Consumer Climate (Nov) looks to be getting worse with an expected -2.8 while the preceding figure was -1.6, New data will be released tomorrow at 6:00 AM. Euro Zone ECB's Panetta speech is expected tomorrow at 7:00 AM. United States Existing Home Sales is projected to outperform the last figure with 6.3, while it previously stood at six, figure will be published tomorrow at 2:00 PM.

Oct. 20, 2020

Euro/Dollar up 54 pips to 1.1827 building up on its four days of gains

(22:00) GMT

The Euro green move took place amid mixed market indicators – United States Building Permits fell short of the 1.52 projections, at 1.553 and continued its downward trajectory from the previous figure of 1.476.

Meanwhile, Germany's Producer Price Index beat expectations of -1.4 with new data release of -1. This is also a step forward from the previous data of -1.2. Euro Zone Current Account fell short of the 17.2 projections, with 19.9 and continued its downward trajectory from the previous figure of 16.6.

A look at other markets shows behavior that usually indicates a green move for the Euro/Dollar as the Euro/Yen is trading around 124.7 after starting the session at 124.05 (up 0.52%). The Swiss franc went down to 0.9065 (39 pips).

The nearest resistance level is at 1.2539, followed by 1.278 at the next level, support levels are at 1.1532, and followed by 1.1449 further down.

The market is looking forward to Euro Zone ECB President Lagarde's speech, will be released tomorrow at 7:30 AM. Euro Zone ECB's Lane speech is expected tomorrow at 7:45 AM. Euro Zone ECB's De Guindos speech is expected tomorrow at 10:00 AM.

Oct. 19, 2020

Euro/Dollar up 44 pips to 1.1772 building up on its three days of gains

(22:00) GMT

Meanwhile, Portugal's Current Account was released today at 9:30 AM with a figure of -2.268, This is better than the previous number of -2.928. Data for Spain's Balance of Trade was released today at 8:00 AM, suggests a downwards trend of -1.74, while previous data was -0.31. Euro Zone Construction Output was released today at 9:00 AM with a figure of 2.57, This is better than the previous number of 0.29.

A look at other markets shows behavior that usually indicates a green move for the Euro/Dollar as the Dollar/Swiss went down to 0.91 (49 pips). The Euro/Yen is green with a 0.47% up move (58 pips), to 124.06 levels.

The market is looking forward to United States Building Permits, projected to outperform last figure at 1.505, while it previously stood at 1.476, Data will be released tomorrow at 12:30 PM.