EUR/USD Remains High As Tension In Ukraine Continues
March 18, 2014 10:15 amVideo
Latest News
- Trading Signals for EUR/USD for May 6-8, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 6, 2024
- Analysis of GBP/USD pair on May 6th. The dollar has not yet recovered from Friday May 6, 2024
- Analysis of EUR/USD pair on May 6th. The dollar continues to be under pressure from statistics May 6, 2024
- Trading Signals for GOLD (XAU/USD) for May 6-8, 2024: buy above $2,302 (21 SMA – 5/8 Murray) May 6, 2024
- EUR/USD. May 6th. Weak payrolls deliver another blow to the dollar’s coffin May 6, 2024
- GBP/USD. May 6th. Bulls continue to attack, but their momentum is fading May 6, 2024
- Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 6, 2024
- Defensive strategies key as Fed holds rates steady May 6, 2024
- Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th May 6, 2024
- Video market update for May 06, 2024 May 6, 2024
- Technical analysis of GBP/USD for week on May 6-11 May 6, 2024
- Japan to intervene market once again? May 6, 2024
- Forex forecast 05/06/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 6, 2024
- Hot forecast for EUR/USD on May 6, 2024 May 6, 2024
- Trading plan for GBP/USD on May 6. Simple tips for beginners May 6, 2024
- Trading plan for EUR/USD on May 6. Simple tips for beginners May 6, 2024
- Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs , Monday May 06 2024.ei 2024. May 6, 2024
- Technical Analysis of Intraday Price Movement of USD/IDR Exotic Currency Pairs , Monday May 06, 2024. May 6, 2024
- Forecast for EUR/USD on May 6, 2024 May 6, 2024
- Forecast for GBP/USD on May 6, 2024 May 6, 2024
March 18, 2014 – Forex News
Hot Asset For Today: EUR/USD
EUR/USD
Monday’s data gave the euro the upper hand over the dollar by allaying recent expectations that the European Central Bank was poised to loosen policy further, still the dollar saw some demand from investors seeking safe-haven from geopolitical issues, hitting a high of 1.3936 against the USD. This is mainly due to the fears that Russia may sell their dollar reserves as a response to the sanctions. However last weeks comments from the European Central Bank President Mario Draghi, who said that a strong euro is responsible for low inflation in the region may weaken the euro. Meanwhile, investors continued to monitor events in Europe, after over 90% of Crimean voters on Sunday chose to break with Ukraine and join Russia, Crimea’s Parliament on Monday formally asked to join the Russian Federation. While there are no major data announcements scheduled for the Eurozone this week. The financial events to look out for today are German ZEW Economic Sentiment and ZEW Economic Sentiment at 10.00am. Today EUR/USD has support of 1.3845 and resistance of 1.3965.
GBP/USD
The pound held steady against the U.S. dollar on Monday gathering no real momentum in any direction as the release of strong U.S. industrial production data lent support to market sentiment, while concerns over events in Crimea continued to weigh. The UK is also gearing up for the release of the latest Bank of England minutes on Wednesday, which will also coincide with the latest unemployment data release. While the unemployment rate is expected to remain largely static at 7.2%, any change to this would be expected to generate volatility in the pair. Bank of England Governor Carney will also be speaking today at Cass Business School’s annual high profile Mais Lecture which may provide clues as to his future monetary policy and his outlook for the UK economy. Some volatility on the pairing is expected throughout Carney’s speech. The financial events to look out for today are Building Permits and Core CPI m/m at 12.30pm GMT. Today GBP/USD has a support of 1.6565 and a resistance of 1.6690.
USD/JPY
The pairing is fairly flat moving between small gains and losses. The strength of the yen has upset exporters to a certain extent and the economy, as traders and investors had hoped that the currency would exchange closer to the 105 level this year. Risk Aversion trades pushed the yen upwards and it should return to its normal range as the turmoil in Eurasia settles down to diplomatic trickery. The threat of war or direct military action is off the table at the moment. Traders are also not sure what to expect from the FOMC meeting beginning later today. Bank of Japan Gov. Haruhiko Kuroda says there are no limits for adjusting the bank’s current “quantitative and qualitative” easing regime introduced in April 2013, stressing there room for additional monetary easing. In a recent interview, Kuroda said we will adjust our monetary policy either way if necessary. The financial events to look out for today are Building Permits and Core CPI m/m at 12.30pm GMT. Today USD/JPY has support of 101.20 and resistance of 102.20.
Related Posts: