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

Pound dips, FTSE 100 rises after Brexit-vote delay
Monday, 21 October 2019 15:24 WIB

The British pound slipped, while U.K. stocks rose modestly on Monday, after lawmakers in the country voted to ask for a Brexit-deadline delay over the weekend. Paring earlier losses, the pound dipped 0.4% against the dollar to $1.2926 versus $1.2974 seen late Friday in North American trading. Still...

Sterling Slips From 5-Mth High after Brexit Plan Hits Snag
Monday, 21 October 2019 07:42 WIB

Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bu...

U.S. Dollar Slips as Euro Still Lifted by Brexit Deal
Friday, 18 October 2019 23:13 WIB

The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc. U.K. Prime Minister Boris Johnson made a deal with the EU on Thursday, which hinges on Northern Ireland applying a limited set of E...

Pound pares losses after BOE's deputy governor sees rate hikes possible
Friday, 18 October 2019 15:12 WIB

The British pound was lower Friday, but losses were contained after interest-rate supportive comments from Bank of England Deputy Governor Dave Ramsden. In an interview with Bloomberg that published Friday, Ramsden said if Prime Minister Boris Johnson's Brexit deal is approved by Parliament on Satur...

Sterling holds gains near five-month top on Brexit deal, but hurdles remain
Friday, 18 October 2019 07:48 WIB

The British pound traded near a five-month high against the dollar and the euro after British Prime Minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc. Sterling's gains on the dollar helped push the greenback to a five-month low versus the euro and a th...

ANOTHER NEWS
European Stocks Close Higher Despite Brexit Uncertainty; Wirecard Climbs 6%
Monday, 21 October 2019 23:20 WIB European stocks closed higher on Monday, despite fresh uncertainty as U.K. leader Boris Johnson was denied a parliamentary vote on his Brexit deal. The pan-European Stoxx 600 traded 0.7% above the flatline in the afternoon, with basic resources...

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.