Forex EUR USD Forecast

Forex EUR USD Forecast - Daily published professional analytical forecasts for the main currency pair Market Forex: the EUR USD!

FOREX EUR USD: Euro/Dollar: Market Waiting for ECB outcome & Draghi Press Conference. 3 Decembre 2015

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Yesterday’s Trading:
Volatility on the currency market on Wednesday was very high. The euro and pound updated new minimums against the USD. The rates were down due to weak UK (construction PMI) and Eurozone (CPI) data. The Swiss franc strengthened against the dollar with participants trying to avoid riskier currencies.

FOREX EUR USD: Euro/Dollar: Euro Can’t Strengthen below 1.0600. 26 Novembre 2015.

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Yesterday’s Trading:

On Wednesday the EUR/USD renewed its minimum after American data came out positive; the number of initial applications from unemployment benefit was down significantly with durable goods orders up along with new housing sales and business activity in the service sector. Since the euro/dollar has reached a support, as the US holiday approached yesterday, a fixing of profit on USD long positions began. The euro/dollar headed back up another 75 points to 1.0641.

FOREX EUR USD: Euro/Dollar: 50/50 Situation. 25 Novembre 2015

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Yesterday’s Trading:

On Tuesday, euro/dollar trading closed slightly up. Support for the rate came from euro crosses. The dollar also weakened against the Japanese yen and Swiss franc. They became safe haven assets as geopolitical tensions were ratcheted up; yesterday the Turks shot down a Russian plane. Oil and gold is up and the euro has a positive correlation with these commodities.

FOREX EUR USD: 1.0567 Target. 24 Novembre 2015

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Yesterday’s Trading:
The euro yesterday jumped from a minimum with the dollar from 1.0600 to 1.0656. The rate then fell from the 45th degree to 1.0592 and after trading closed in Europe, the rate renewed to 1.0643. It’s quite difficult to explain such behaviour since there was an unplanned US Fed meeting at 18:30 EET yesterday to discuss US interest rates. Moreover, the oil market was swinging after news came out of Saudi Arabia that the government there is ready to undertake the necessary measures in order to secure price stability on the oil market. The outcome of the US Fed meeting is still unclear.

FOREX EUR USD: Expected Growth to 1.5357. 20 Novembre 2015

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Yesterday’s Trading:

On Thursday the euro/dollar rose to 1.0762. The euro/dollar was down to 1.0668 after the publication of ECB minutes but then it quickly restored itself. The strengthening of the euro is linked to a fixing of profit on short positions. The ECB announced that it is ready to alter its monetary policy at its December meeting. The US statistics were ignored.

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