USD Trading Outlook Archive

Currencies The euro (EUR) dropped down to 1.3596 and lost almost 60 pips against the US dollar (USD), after worse than expected inflation data came out from Eurozone. The single currency remains on a bearish trajectory and is now trading around 1.3627 ahead of ADP… Read more

Currencies The euro (EUR) continues to slid against the US dollar (USD) and looks that it found a strong support at 1.3635. The pair looks that lost its bullish momentum and may be seen lower in the short term. The US dollar (USD) declined after… Read more

Currencies The euro (EUR) has rebounded against the US dollar (USD) after touching 1.3636 on Friday. The single currency is currently at 1.3681 and may be looking at resistance at 1.3757.. The US dollar (USD) remains confident against the Japanese yen (JPY) after having reached… Read more

Currencies The euro (EUR) picked up volatility on yesterday’s FOMC statement. The single currency moved from 1.3700 to 1.3812 against the dollar before collapsing again to 1.3651. The Federal Open Market Committee (FOMC) in the US has decided to reduce its monthly quantitative easing programme… Read more

Currencies The euro (EUR) rebounded back up to 1.3769 from 1.3723 yesterday against the dollar. Resistance for the single currency stands at 1.3780 and 1.3797. The US dollar (USD) has depreciated against the Japanese yen (JPY), trading around 102.97, down from 103.87 on Monday. The… Read more

Currencies The euro (EUR) has picked up speed from 1.3710 late last week up to 1.3758 on opening against the dollar. Look ahead for manufacturing data comes out from key European countries this morning. The US dollar (USD) has dropped from 103.87 to 102.81 against… Read more

Currencies The euro (EUR) dropped from its six week high at 1.3810 down to 1.3737 against the US dollar (USD). The single currency lost its bullish momentum and now consolidates below its new resistance at 1.3758. The US dollar (USD) skyrocketed to its highest level… Read more

Currencies The euro (EUR) advanced even higher during yesterday’s session and touched its monthly high at 1.3767 against the US dollar (USD). The single currency is now trading around 1.3747 and it may break even higher in the short term. The US dollar (USD) consolidates… Read more

Currencies The euro (EUR) made a rally gaining more than 200 pips during last week against the US dollar (USD), reaching its high at 1.372. The single currency looks strong against its counterparts and may move even higher this week. The US dollar (USD) rebounded… Read more

Currencies The euro (EUR) moved higher after Mario Draghi’s conference and is now range bound around 1.3666 against the dollar. The euro may reverse yesterday’s gains should stronger employment data come from the US. The Fed may consider tapering sooner if unemployment shows strong signs… Read more