EUR/USD in Bullish Consolidation Phase Around 1.1270
Monday, 15 July 2019 11:50 WIB | CURRENCIES | EuroDolarEuroEUR/USD

The EUR/USD pair continues to consolidate Friday™s bounce from near 1.1240 region, as the bears guard the 1.1275 barrier amid a broad US dollar rebound following last week™s declines.

So far this Monday, the US dollar is seen extending its tepid recovery across the board from five-day lows of 96.72 amid an uptick in the 10-year Treasury yields, which keeps the upside capped in the spot.

The greenback wiped-off upbeat US Producer Price Index-led gains and fell sharply versus its major competitors after the Fed officials re-enforced expectations of aggressive Fed rate cuts in the coming months. The shared currency also derived support from upbeat Eurozone industrial production figures, which rose by 0.9% m/m in May.

However, the further upside in EUR/USD appears limited amid the recent weak economic data from Eurozone™s powerhouse, Germany. Meanwhile, increased odds of the European Central Bank (ECB) rolling out monetary stimulus once again by either cutting interest rates or restarting the QE program also undermines the sentiment around the EUR.

Further, the slowest expansion in the Chinese economy in 27 years could also remain a weight on the main currency pair. Looking ahead, the focus will remain on the US macro news and Fedspeak for the next direction on the prices, as the EU docket remains data-empty this week. In the meantime, the traders await the US NY Empire State Manufacturing Index due later today for fresh incentives.

Source : FX Street

RELATED NEWS

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election
Wednesday, 11 December 2019 16:12 WIB

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesd...

Pound Slips on UK Poll Projections, Dollar Eyes Fed
Wednesday, 11 December 2019 09:25 WIB

The British pound slipped early on Wednesday after a poll showed a narrowing lead for Prime Minister Boris Johnso's Conservative Party in an election later in the week, while U.S. dollar movement looked to the Federal Reserve's policy meeting. Investors were also focusing on what U.S. President Don...

Euro Steady Ahead of Fed, ECB Meetings and Expected U.S. Tariffs
Tuesday, 10 December 2019 17:26 WIB

The euro was little changed versus the dollar on Tuesday as investors were wary of a looming deadline for U.S. tariffs on China, the British election and upcoming Federal Reserve and European Central Bank meetings. The greenback was neutral against a basket of six other major currencies. This is â...

Dollar Steadies as Investors Brace for Key Risk Events
Tuesday, 10 December 2019 07:54 WIB

The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States. Front of mind is whether Washington will go ahead with a fresh round of tariffs on Sunday, or...

Sterling Hits 31-Month Highs, Dollar Dips
Monday, 9 December 2019 18:02 WIB

The British pound hit 31-month highs against the euro on Monday and hit seven-month highs against the U.S. dollar amid growing confidence about a Conservative Party victory in Thursday™s U.K. elections, which would end political paralysis on Brexit. The euro touched a low of 0.8406 against sterli...

ANOTHER NEWS
Hong Kong Stocks End Firmer On Possible Tariff Delay (Review)
Thursday, 12 December 2019 04:22 WIB Hong Kong stocks closed higher on Wednesday amid speculation that Washington may hold back from slapping new tariffs on Chinese exports that are scheduled to kick in this weekend. At the close of trade, the Hang Seng index was up 0.8% at...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.