EUR/USD grinds lower towards 1.0770s amid a risk-off mood and a strong greenback By christianborjon EURUSD Majors Macroeconomics Technical Analysis
at 1.0806, opening the door for further losses amidst a risk-off market mood. At the time of writing, the EUR/USD is trading at 1.0775.Geopolitics and Fed speaking continue spooking investors. Ukraine’s President Zelenskyy said that talks with Russia are at a “dead end” and emphasized that Ukraine will not trade its territory and people. He added that if Russian forces continued and destroyed the remaining troops in Mariupol, it would “put an end” to talks.
On April 14, the New York Fed President John C. Williams noted that a 50 bps rate increase is a reasonable option, but the pace of rate hikes will depend on the economy’s path. Williams added that the Fed needs to move “expeditiously” to normal policy levels, and a more neutral.would leave traders leaning on Fed speaking, with St. Louis Fed President James Bullard crossing wires near the end of the New York session.
unchanged, tilted to the downside, though downward pressured, once it cleared the March 7 cycle low at 1.0806. The daily moving averages are still above the spot price, with the 50-DMA at 1.1522 about to cross under the 200-DMA, which would form a death cross, indicating further selling pressure. That said, the EUR/USD first support would be the YTD low at 1.0757. A decisive break would expose April 2020 swing low at 1.0727, followed by March 2020 cycle low at 1.0636.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
EUR/USD Forecast: Euro needs to reclaim 1.0830 for extended recoveryEUR/USD has managed to erase its daily losses after having dropped below 1.0800 earlier in the day. Nevertheless, thin trading conditions on Easter Mo
Baca lebih lajut »
GBP/USD Forecast: Pound looks vulnerable despite thin holiday tradingGBP/USD has retreated toward 1.3000 early Monday amid renewed dollar strength. The pair stays in negative territory during the European trading hours
Baca lebih lajut »
A’s fielding woes prove costly in loss to Toronto Blue JaysMLB: Two Oakland A’s errors, including a critical one in the fifth inning, led to two unearned runs for the Toronto Blue Jays
Baca lebih lajut »
After bitter offseason, can Oakland A’s fans fall in love with their team again?A’s pitcher Paul Blackburn: “We’re a good team. We’ve got guys here who can play.”
Baca lebih lajut »
EUR/USD Forex Signal: Inverted Cup and Handle FormsThe EUR/USD pair downward momentum faded on Friday and Monday morning as the Easter weekend continued.
Baca lebih lajut »
NZD/USD struggles near its lowest since February amid sustained USD buyingThe NZD/USD pair remained depressed through the early European session and was last seen trading around the 0.6730-0.6725 region, or its lowest level
Baca lebih lajut »