EURUSD

[Terry_8]

EURUSD ON A ROLL AMID VACCINE OPTIMISM AND US STIMULUS HOPES



The greenback took a beating against its European Counterpart as the signs of impending economic recovery hopes on vaccine optimism are resonating more with investors than the surge in coronavirus cases across the globe. As of this moment, the currency pair is trading at 1.2119 level, up by 0.05%.
Pfizer and BioNTech got the first authorization for the coronavirus vaccine on Wednesday that reflects a breakthrough scientific achievement intended to curb the devastating pandemic. Besides, the hopes of revived US stimulus talks and the upbeat Chinese services data are improving the risk appetite of investors.
Coming to the previous session, EURUSD scaled a fresh 2020 high of 1.2108 level on hopes that US fiscal stimulus talks would resume. Besides, the dismal US data added to pressure on the greenback as the private US payrolls came at 307k, worse than the expectation of 433k. The data showcased a warning sign for the US economy, hinting at a halt in the job market recovery as pandemic keeps on expanding and the COVID-19 relief package is evaporating at year-end.
Subsequently, the pair settled at 1.2113 level, with a gain of 0.38%.
Moving ahead, investors can take cues from the Eurozone Retail Sales data, US Unemployment Claims report, and ISM Services PMI slated for today.

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[Terry_8]

EURUSD RESILIENT ABOVE THE 1.21 HANDLE, EYES ON US EMPLOYMENT DATA



EURUSD continues to hold above the 1.21 handle, trading in the green territory for the fourth straight session on hopes of a large US fiscal stimulus package. Besides, the vaccine rollouts would boost the prospects of a faster global economic recovery, which underpins investor sentiments. As of now, the currency pair is trading at 1.2143 level, up by 0.04%.
The news of promising vaccines comes when the number of coronavirus cases continues to surge across the globe, with approximately 65 Million people falling prey to COVID-19. The new daily coronavirus cases alone in the US surpassed 218K on Thursday, with 2918K fatalities. Considering the rise in cases, many US states are planning to re-introduced restrictions.
Coming to the previous session, EURUSD eked out modest gains to test the intraday high of 1.217 level as investors continued to dump the safe-haven dollar in response to the vaccines optimism and much-awaited US fiscal relief. Senate and the house leaders appear to prefer fiscal relief deal inclusion in the government funding bill as soon as possible to curb the devastating impact of the coronavirus. However, later in the session, EURUSD pared some of its gains following the release of cheerful US data as the Unemployment Claims stood at 712k against the forecast of 775k, while the ISM Services data came in line with the expectations. Subsequently, the currency pair concluded the session at 1.2139 level, up by 0.21%.
For the day ahead, investors can take cues from the US Average Hourly Earnings, Unemployment Rate, and Non-Farm Employment Change data as it could lead to volatility in the pair

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[Martimx]

Very well maintained thread you have here. i even started following fxview because of this, might open account soon. Thanks man!

 

[Terry_8]

Very well maintained thread you have here. i even started following fxview because of this, might open account soon. Thanks man!

Thanks, they are def good.

 

[Terry_8]

EURUSD CAUGHT FRESH BIDS NEAR THE 1.21 HANDLE, FOCUS ON EUROZONE INVESTOR CONFIDENCE SURVEY



The single currency edges mildly higher versus its US counterpart early Monday as investors continue to resonate with the hopes of vaccine rollouts that eases worries about the unfolding global economic recovery. However, the recent ascent in the currency pair remains capped near the 1.22 handle as it is turning out to be a crucial resistance for the pair.
As of now, the currency pair is trading at 1.2132 level, representing gains of 0.09%.
Coming to the previous session, EURUSD initially peaked at 1.2177 level in response to the prevailing risk-on sentiment in the markets, mostly due to coronavirus vaccine plans. The UK approved the vaccine by Pfizer and BioNTech and will start with immunization next week, while several other nations are likely to begin this month. Although, later in the session, the pair quickly lost its steam amid profit booking at its intra-day high level, which was last seen in April 2018.
On the data front, the focus mainly remained on the US employment figures that came mixed. The Non-Farm Employment change missed the mark, while the Unemployment Rate stood at 6.7%, better than 6.8% anticipated. Subsequently, the currency pair settled the day at 1.2121 level, down by 0.15%.
Moving ahead, investors can take cues from the Eurozone Sentix Investor Confidence data for short term trading impetus. On the other hand, US has calendar remains muted for the day.

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[Terry_8]

EURUSD AFLOAT ABOVE 1.21 HANDLE; EYES ON GERMAN ECONOMIC SENTIMENT SURVEY



The single currency halts its two-day losing streak versus its US counterpart and is currently trading at 1.2115 level, representing slight gains of 0.08%. The currency pair remains a better bid despite mounting coronavirus cases as hopes of additional US stimulus is adding to the buoyant mood. Nevertheless, the COVID-19 cases have reached an alarming 67 million mark with 1.5 million fatalities worldwide.
Coming to the previous session, the currency pair initially peaked at 1.2166 level as investor sentiments remained underpinned on hopes of vaccine rollouts that would ease worries about the unfolding global economic recovery. Besides, the Sentix Investor Confidence that stood at -2.7 against the anticipated -11.9, rendered support to EURUSD. Although, later in the session, the pair lost steam after UK Prime Minister Boris Johnson threatened to end the negotiations with European Union, thus weighing on the shared currency. Consequently, the currency pair settled the day in red at 1.2106 level, down by 0.13%.
Moving ahead, investors can take cues from Eurozone and German ZEW Economic Sentiments reports. Later in the day, the focus will shift towards the US Revised Nonfarm Productivity reports

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[Terry_8]

EURUSD BUOYANT NEAR 1.21 NEIGHBOURHOOD; US STIMULUS AND VACCINE HOPES RENDER SUPPORT



EURUSD advances in the early Asian trading hours as hopes of the US stimulus relief package is boding well with the single currency. Senate Majority Leader Mitch McConnell underscored the need of keeping the issues aside that act as a roadblock in approval of the US fiscal package. The strategic retreat adopted by the Senate leader to strike a deal on the coronavirus relief bill lifted the market sentiments, thus rendering support to riskier assets including, EURUSD.
As of now, the currency pair is trading at 1.2127 level, representing gains of 0.21%.
Coming to the previous session, the currency pair initially touched the intra-day high of 1.213 level on vaccine optimism after US health regulators gave a positive review of the coronavirus vaccine developed by Pfizer and BioNtech. Besides, the German ZEW Economic Sentiment Survey that stood at 55 against the expectation of 45.9 helped EURUSD gain bids. Although, later in the session, the pair retreated from the intra-day high level as worries over the surge in coronavirus cases across American and Europe weighed on the investor's risk appetite. Consequently, the currency pair settled the day at 1.2101 level, mildly down by 0.04%.
Moving ahead, investors can take cues from German Trade Balance reports and US Final Wholesales Inventories data scheduled later in the day.

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[Terry_8]

EURUSD NUDGES HIGHER AHEAD OF ECB POLICY DECISION AND EU ECONOMIC SUMMIT



The single currency ticks higher versus its US counterpart as market participants await the European Central Bank’s policy decision slated for today. The central bank is projected to expand its Pandemic Emergency Purchase program (PEPP) and propose cheap long-term loans to the banks, also referred to as TLTROs. Other than the ECB meeting, investors look forward to the EU summit and ascertain whether it could offer new routes of a solution on the Brexit front.
As of now, the currency pair is trading at 1.2093 level, representing gains of 0.13%.
Coming to the previous session, the dollar staged a modest recovery against the greenback as Brexit stalemate situation and worries over the US fiscal relief package triggered risk-averse sentiments in the market. The US lawmakers are still trying to look for a compromise on the fiscal deal before the Dec 11 deadline. On the data front, the Germany Trade balance report stood at 18.2B versus the consensus of 18.7B and, the US JOLTS Job Opening data came better than expectations at 6.65M, thus exerting additional pressure on the single currency. Subsequently, EURUSD settled the day in red at 1.2058, down by 0.19%.
On the economic data, Besides the ECB’s Monetary Policy Decision and the EU Economic Summit, investors can take cues from the US CPI and Unemployment Claims data

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[Terry_8]

EURUSD SURGES AFTER ECB DECISION, EYES ON EURO SUMMIT



EURUSD surges for the second straight amid continued optimism over the European Central Bank interest rate decision and vaccine news. As widely anticipated, ECB kept the interest rates unchanged and decided on backing the Eurozone economy by expanding its Pandemic Emergency Purchase program (PEPP) by nearly 500 billion euros on Wednesday. The central bank is also committed to extend the duration of purchases to March 2022, thus boosting the market sentiments. Besides, the vaccine developed by Pfizer and BioNTech got approval from the Food and Drug Administration (FDA), which suggests that more countries will now be delivering vaccine shots in the coming weeks.
As of this moment, the currency pair is trading at 1.2156 level, representing gains of 0.19%.
Coming to the previous session, EURUSD rallied significantly to peak at 1.2159 level after the ECB’s additional easing that was highly-priced in by the market participants. In addition to this, an unexpected surge in the US jobless claims exerted downward pressure on the greenback, thus supporting the demand for EURUSD. As per data, Unemployment claims stood at 853K versus the expectation of 723K, while US CPI data came at 0.2%, worse than the anticipated 0.1%. Subsequently, the currency pair settled the day in the green territory at 1.2133 level, up by 0.46%.
Moving forward, investors can take cues from the Euro Summit and Italian Industrial Production data. Apart from that, the US will publish Core PPI data and Consumer Sentiments reports later in the day.

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[Terry_8]

EURUSD AFLOAT NEAR THE 1.213 HANDLE, MARKET PARTICIPANTS AWAIT FRESH CUES



The single currency ticks mildly lower versus its US counterpart in the early Asian trading hours on Tuesday as market participants look forward to the US industrial production data that can infuse some volatility in the pair. As of this moment, the currency pair is trading at 1.2146, down by 0.04%.
Meanwhile, the investor sentiments remain subdued as the coronavirus death toll reached the worrisome 300K mark in the US, whereas the cases keep on accelerating in South Korea and Japan. On the other hand, London, Czech Republic, and Germany are imposing strict social distancing norms and tighter lockdown restrictions.
Coming to the previous session, the US dollar initially commenced the week on a pessimistic note in response to the risk-on flows that were underpinned by vaccine optimism and extended Brexit talks. Besides, the Eurozone Industrial Production data showed upbeat results. The data stood at 2.1% against the consensus of 1.8%. As a result of which, EURUSD tested the 1.2177 level, last touched on December 4th.
However, the pair was quick to revert from the day’s high amid a bout of profit booking encouraged by news that London and several other European countries will move towards a higher level of pandemic restrictions to curb the spread of coronavirus. Nevertheless, the currency pair managed to conclude the session in a green territory at 1.2143, up by 0.28%.
On the economic docket, investors must keep an eye on the Eurozone Italian Trade Balance data, US Empire State Manufacturing reports, and Industrial Production data for fresh trading impetus.

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[Terry_8]

EURUSD RESILIENT NEAR THE 1.215 HANDLE AMID PROGRESS IN US STIMULUS PACKAGE



EURUSD ekes out modest gains on Wednesday in response to the economic recovery hopes underpinned by the vaccine optimism and the progress in the US stimulus bill. As of now, the pair the currency pair is trading at 1.2163 level, up by 0.12%.
The funds keep on flowing out of the safe-haven dollar as the prospects of the US stimulus brightened after US House Speaker Nancy Pelosi arranged a meeting with the congressional leaders to talk over the relief package, thus hinting at the need for additional fiscal support. Besides, the COVID-19 vaccine by Moderna Inc. inches closer towards US authorization for emergency use after FDA endorsed the vaccine as effective and safe.
Coming to the previous session, the US dollar initially gained bids owing to the sour market mood after London, Czech Republic, and Germany moved towards a higher level of pandemic restrictions and strict social distancing norms. As a result, the currency pair dipped to an intra-day low of 1.212 level. Later in the session, the currency pair managed to recover from the lows to conclude the session in positive territory after US lawmakers gave a signal that stimulus talks have reached a critical stage and are inclined to hammer out a deal by this week. Consequently, the currency pair settled the day at 1.2150, up by 0.06%.
Moving ahead, investors must keep an eye on the French and German Manufacturing PMI data for fresh trading impetus. On the other hand, the US will publish Retail Sales data, Flash Manufacturing PMI report and FED Funds rate along with fresh economic projections.

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[Terry_8]

EURUSD BREACHES CRUCIAL 1.22 HANDLE; PROSPECTS OF US STIMULUS RENDERS SUPPORT



EURUSD is trading near the 1.22 neighbourhood in the Asian trading hours on Thursday amid broad-based weakness in the greenback. The US lawmakers made progress in the $900 billion coronavirus aid package, which consists of stimulus checks worth $600 to $700 along with extended jobless aid. Besides, lawmakers are inching closer towards the working of the $1.4 trillion fiscal bill, thus keeping the market mood buoyant.
As of now, the currency pair trades at 1.2226 level, representing gains of 0.24%.
Coming to the previous session, EURUSD remained a better bid throughout the session and settled the day at 1.2196, up by 0.38%. The coronavirus vaccine optimism and the speculations over the new US fiscal stimulus package gave a boost to the riskier assets, including the euro. In addition to this, the cheerful Eurozone macro-economic statistics supported the demand for the single currency as the Manufacturing and Services PMI data for Germany, which stood at 58.6 and 47.7 respectively, came better than the forecast. Later in the American session, the FED released its decision on the monetary policy. As widely anticipated, the central bank kept the interest rates unchanged and, policymakers hinted at supporting the US economy until there is substantial recovery.
Moving ahead, investors can take cues from the Eurozone CPI data, US Philly Fed Manufacturing Index, and Unemployment Claims data slated for today.

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[Terry_8]

EURUSD HALTS ITS FOUR-DAY WINNING RUN, EYES ON GERMAN IFO BUSINESS CLIMATE SURVEY



The single currency snaps four days of bullish run versus its US counterpart on Friday amid surging coronavirus cases and Brexit woes. An array of negative sentiments were witnessed among investors after British Prime Minister Boris Johnson’s spokesperson stated that a trade deal is unlikely to happen unless and until there is a substantial change in European Union’s position on the Brexit front. Besides, the number of coronavirus cases continues to surge across the globe, with approximately 74.9 Million people falling prey to COVID-19.
As of now, the currency pair is trading at 1.2242 level, down by 0.20%.
Coming to the previous session, the dollar slid across the board, which propelled EURUSD to test an intraday high of 1.2272 level owing to the development in the US stimulus bill. The US lawmakers made progress in the $900 billion coronavirus aid package, which consisted of stimulus checks worth $600 to $700 along with extended jobless aid. In addition to this, the dismal US macro-economic statistics exerted pressure on the greenback. The Philly Fed Manufacturing Index stood at 11.1 versus the expectation of 20.1, whereas the Unemployment Claims data came at 885K, worse than the forecast of 817K. Subsequently, the currency pair settled the day in green at 1.2265 level, up by 0.57%.
Moving ahead, investors can take cues from the Eurozone Retail Sales data and German IFO Business Climate data for short term trading impetus.

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[Terry_8]

EURUSD DWINDLES AMID NEW CORONAVIRUS STRAIN AND IMPOSITION OF TIGHTER LOCKDOWN RESTRICTIONS



EURUSD dips below the 1.22 handle on the first trading day of the week as the greenback recover ground on unease among investors due to new coronavirus strain, which led to tighter lockdown restrictions across the UK. Besides, an emergency meeting is to be held by Prime Minister Boris Johnson to discuss the travel situation in the UK. The worries overshadowed the news released over the weekend that US congressional leaders have reached on an agreement over the much-awaited $900 billion COVID-19 fiscal bill.
As of now, the currency pair is trading at 1.2190 level, down by 0.50%.
Coming to the previous session, EURUSD halted a four-day winning streak in response to the surging coronavirus cases and Brexit woes. British Prime Minister Boris Johnson’s spokesperson stated that a trade deal is unlikely to happen unless and until there is a substantial change in the European Union’s position on the Brexit front. In addition to this, the pair didn’t quite react to the upbeat German IFO Business Climate data and PPI reports that stood at 92.1 and 0.2%, respectively. Besides, investors resorted to profit booking in the currency pair ahead of the weekend. Subsequently, EURUSD settled the day in red at 1.2252 level, down by 0.11%.
Moving ahead, investors can take cues from the Eurozone Consumer Confidence data for short term trading impetus.

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[Viceroy]

Great analytics!

 

[Terry_8]

EURUSD WILTS AMID CONCERNS OVER NEW CORONAVIRUS STRAIN; RECOVERY PROSPECTS SHATTERED



EURUSD trades frail in the Asian trading hours on Tuesday as investors turn cautious on fears of a new coronavirus strain deemed highly infectious. The renewed concerns have led to strict social distancing norms and tighter lockdown measures across the UK that dampens the prospects of a speedy economic recovery.
As of now, the currency pair is trading at 1.2222 level, representing a loss of 0.19%.
Coming to the previous session, initially, EURUSD skidded to the intra-day low of 1.2129 level in a knee-jerk reaction to the news that several countries have shut their border to the UK due to new coronavirus strain. Besides, the UK imposed tighter lockdown measures leading to travel chaos.
However, later in the session, EURUSD recovered majority of its losses amid optimism that US congressional leaders have reached an agreement over the much-awaited $900 billion COVID-19 fiscal bill. In addition to this, Eurozone Consumer Confidence reports stood at -14, better than the forecast of -18%. Subsequently, the currency pair settled the day at 1.2240 level, marginally down by 0.09%.
For the day ahead, market participants can take cues from the US Final GDP data, and CB Consumer Confidence reports for short term trading impetus.

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[Terry_8]

EURUSD TRADES CAUTIOUSLY, FOCUS ON US DURABLE GOODS ORDER DATA



EURUSD ekes out modest gains in the Asian trading hours on Wednesday amid broad-based weakness in the greenback, which bodes well with the single currency. As of now, EURUSD trades near 1.2188 level, representing gains of 0.20%.
The concerns over the new strain of coronavirus were offset by the approval of the much-awaited $900 billion COVID-19 fiscal bill. Nevertheless, the market participants turned cautious after Donald Trump asked lawmakers to increase the fiscal checks for individuals, else he would not be willing to sign the bill.
Coming to the previous session, the currency pair succumbed to selling pressure in response to the unease among investors due to the new coronavirus strain, which spreads 70% faster than the original. In addition to this, the UK implemented strict social distancing norms and tighter lockdown measures that clouded the prospects of a speedy economic recovery. On the data front, the release of upbeat US Final GDP data that stood at 33.4% versus the expectation of 33.1% gave an additional boost to the dollar. Subsequently, the currency pair settled the day in red at 1.2161 level, down by 0.65%.
Moving ahead, the investors will keep a close eye on the US Core Durable Goods data, Personal Spending data, and Unemployment Claims report scheduled to be released today.

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[Terry_8]

EURUSD RESILIENT ABOVE 1.22 HANDLE AMID RISK-ON MARKET MOOD



EURUSD is trading on the front foot for the second day in a row as the Brexit optimism keeps the markets in the risk-on mood. The sentiments improved following the statement that the UK and European Union have inched closer towards the provisional Brexit trade deal before transition period expires on 31st December. The optimism over the possibility of the Brexit deal and the hopes for global economic recovery offset the uncertainty concerning the US relief package.
As of now, EURUSD is trading at 1.2204 level, representing gains of 0.18%.
Coming to the previous session, the currency pair initially touched the intraday high of 1.222 level amid broad-based weakness in the greenback. However, later in the session, EURUSD pared some of its gains as the market participants turned cautious after Donald Trump asked lawmakers to increase the fiscal checks for individuals, else he would not be willing to sign the bill.
On the data front, the US released a slew of mixed data wherein the US Durable goods data stood at 0.9%, exceeding market expectations of 0.6%, and Personal Spending data fell short of expectations. Though, the pair didn’t quite react to the data. Subsequently, EURUSD settled the day in green at 1.2183 level, up by 0.18%.
For the day ahead, the economic calendar remains muted from the European and American economy.

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[Terry_8]

EURUSD SURGES ABOVE 1.22 HANDLE AFTER TRUMP APPROVES US CORONAVIRUS RELIEF BILL



After a three-day Christmas weekend, the single currency stepped up versus its US counterpart as investors cheer the approval of the $900 billion COVID-19 aid package. On Sunday, Donald Trump signed the coronavirus relief bill into the law, shortly after he called the stimulus package a ‘disgrace’ and warned of not accepting the bill. Besides, Europe’s effort of initiating a mass coronavirus vaccination drive boosted the global economic recovery hopes.
As of now, the currency pair is trading at 1.2212 level, up by 0.26%.
Coming to the previous session, EURUSD initially touched the intra-day high of 1.2215 level following the statement that the UK and European Union have inched closer towards the provisional Brexit trade deal before the transition period expires on 31st December. However, later in the day, the currency pair trimmed all of its gains amid worries over the new coronavirus strain. Subsequently, EURUSD settled the day at 1.2180 level, mildly down by 0.03%.
For the day ahead, the economic calendar remains muted from the European economy. On the other hand, the US will publish the Dallas FED Manufacturing Business Index report.

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[Terry_8]

EURUSD EXTEND GAINS FOR SECOND STRAIGHT SESSION AMID BETTER MARKET MOOD


The single currency edged higher versus its U.S. counterpart in the Asian trading hours amid risk-on sentiments that exerted some downward pressure on the perceived safe-haven greenback. The market sentiments improved as Donald Trump signed the $2.3 trillion relief package. Besides, Trump’s proposal of increasing the stimulus checks from $600 to $2000 was backed by the U.S. House of Representatives, which further boosted the investor’s sentiment.
As of now, the currency pair is trading at 1.2242 level, representing gains of 0.23%.
Coming to the previous session, EURUSD climbed to the intra-day high of 1.225 handle as investors cheered the approval of the $900 billion COVID-19 aid package and $1.4 trillion spending bill. In addition to this, Europe’s effort of initiating a mass coronavirus vaccination drive underpinned the global economic recovery hopes. Later in the session, EURUSD pared some of its gains amid thin liquidity trading conditions as London celebrated the Boxing Day holiday. Consequently, the currency pair settled the day at 1.2213 level, up by 0.28%.
For the day ahead, the economic calendar has little to offer from both the economies.

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