Euro is falling against the Dollar

Yesterday's trading was characterized by the strengthening of the US dollar, which was a natural reaction of the players who were awaiting the publication from the minutes of the last Fed meeting on Wednesday

Euro is falling against the Dollar

euro is falling against dollar

Yesterday's trading was characterized by the strengthening of the US dollar, which was a natural reaction of the players who were awaiting the publication from the minutes of the last Fed meeting on Wednesday. In fact, the protocols confirmed the “hawkish” position of the regulator. Moreover, some members of the FOMC support the need to raise the rate above the neutral level.

Staying on the point of view of the further medium-term growth of the exchange rate value of the US currency, it should be noted that following the results of trading on Wednesday, there is a formation of a number of signals indicating the probability of today's local weakening of the dollar.

From the data published yesterday, we can note weak statistics on retail sales in the UK. The September value in monthly terms was -0.8%, which is the lowest since April of the current year. It may be recalled that it was from the middle of this month that a significant strengthening of the US currency was observed in the markets. In addition, the attention of participants will be drawn to the news from the Summit of EU leaders, which will be another attempt to reach a compromise in the negotiation process on Brexit.

EUR/USD – The set of signals of technical analysis, indicating the probability of negative dynamics of quotations of the pair EUR/USD, was realized at yesterday's trading by lowering prices in the upper boundary of the medium-term downward channel near the mark of 1.1440. support and resistance areas are 1.1440-1.1380 and 1.1535-1.1575, respectively.

EUR/USD

GBP/USD – The pair went down and breaks important supports and reached 1.3015 yesterday as a low due to Brexit news, The support zone today is in the area of 1.3000-1.2920. The resistance zone is present in the range 1.3140-1.3150

GBP/USD

USD/JPY– Expectation to spend most of the day near its moving average around 112.10-112.50.because of low volatility of this pair, The support levels are 111.20-110.60. The resistance zone is located in the area of 113.30-113.75

USD/JPY

USD/CHF– From a technical point of view, a local correction signal was formed on the USD/CHF chart. The divergence between the maximum prices and the corresponding values of the MACD indicator was recorded, which indicates the probability of a decrease in quotations to the 200-periodic MA area on the H1 time frame, which passes through the 0.9900 marks. The support zone is located at 0.9920-0.9874. 

USD/CHF

 

 

Now is your chance to make a profit!

Open an account here!

 

***Information contained in this newsletter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making but merely provides information from the market for its clients as additional information is made available as per the events occurring in the financial markets.

 

HIGH-RISK WARNING:

Trading Forex (Foreign Exchange) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

© Copyright 2015 – CM Trading – All rights reserved

 

 

 

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp
Share on email
Email

Recent .

Stock of the week: Facebook makes CEO Mark Zuckerberg $8 billion in just one week!  

Stock of the week: Facebook makes CEO Mark Zuckerberg $8 billion in just one week!   It has been a momentous week for Facebook CEO Mark Zuckerberg who …

Read More →
Big Tech earnings roll in – Huge profits for Google, Microsoft and more! 

Huge profits for Google, Microsoft and more! Major big tech companies have released their quarterly earnings. We look at how some of the world’s biggest businesses performed so far this year!     Google, …

Read More →
MetaTrader 4 vs MetaTrader 5 – which is the better platform?
Bitcoin bounces back: Is buying the dip worth the risk?

Bitcoin bounces back: Is buying the dip worth the risk?  Bitcoin has recovered some of its losses following its fall from a record high of $65,000. Considering the crypto king’s astonishing performance in 2021, should …

Read More →
Oil summit: Waste of time
Oil market outlook: bumpy ride ahead?

2020 has been disastrous for the oil markets, however, it appears that oil has recovered most of its losses and is now hovering near pre-pandemic levels. In today’s article we will take a look at oil’s recent performance and explore the opportunities that may lie ahead.

Read More →
Dollar still on ten month lows while AUD gains
Stock Market Forecast: S&P 500, Dow Jones, NASDAQ Predictions and Analysis for 2021

With 2021 just around the corner, financial analysts are offering their outlook on where the stock market is headed in the coming year — and many of these experts are hoping for a bullish outcome. Read on.

Read More →
MetaTrader 4 vs MetaTrader 5 – which is the better platform?
Bitcoin rollercoaster sees massive highs & lows – Is the crypto bubble set to burst?

Bitcoin hit a high of $42,000 on January 8 only to plunge by nearly 21% on Monday (January 11) to $35,555. Is the cryptocurrency bubble set to burst?

Read More →
˄