EURUSD: Snapshot Video – Parity in Sight
FXCM Senior Market Specialists, Russ and Nik, discuss the drop in EURUSD and the prospect of the currency pair reaching parity.
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FXCM Senior Market Specialists, Russ and Nik, discuss the drop in EURUSD and the prospect of the currency pair reaching parity.
The pair dropped to the lowest levels since the height of the pandemic on Wednesday, hurt by recession fears and renewed political uncertainty in the UK
With all the market turmoil and uncertainties, the dollar has become the safe haven of choice.
The common currency just dropped to levels not seen since December 2002 against the greenback, which finds renewed strength during today’s European session
The USDOLLAR is overbought. This excess may suggest that the Fed does not have as much room to be aggressive as the market has discounted.
The pair finds support after Friday’s drop and volatility, but the technical landscape remains unfriendly
EURUSD capitulation signs after a bullish day yesterday.
The pair had a poor couple of days, but defended key support area and rebounds today, pushing for another profitable week
Factory activity picked up in Australia’s biggest trade partner as today’s data showed, providing some reprieve to the pair, which runs a losing week
Given the vast chasm between the SNB and Fed, we believe the widening 10-year spread to be significant. Our interpretation is that the market is growing wary of recession risk in the US. Moreover, the CHF has traditionally been regarded as a haven and is likely a beneficiary of the market concerns. Therefore, USDCHF will be a currency pair to keep an eye on. However, we urge caution as the…
The pair is cautious today as the European session gets underway, but heads towards a profitable month, while BoJ governor Kuroda reiterated the commitment to stimulatory policies
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