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EUR/USD
Uczestnik z Mar 28, 2021
617 postów
Oct 04, 2021 at 10:37
Uczestnik z Mar 28, 2021
617 postów
EURUSD is the most celebrated and popular currency pair in the Forex market. Most of the traders start with this pair. Fundamentally it's also a very important pair.
Uczestnik z Aug 04, 2014
66 postów
Uczestnik z Oct 14, 2019
5 postów
Uczestnik z Aug 04, 2014
66 postów
Uczestnik z Apr 09, 2019
538 postów
Feb 25, 2022 at 11:23
Uczestnik z Apr 09, 2019
538 postów
Fully expecting DXY to rally during this war in Ukraine which should lead to clear bearishness in EURUSD.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Feb 27, 2022
1 postów
Uczestnik z Feb 13, 2017
251 postów
Uczestnik z Feb 12, 2019
105 postów
Feb 28, 2022 at 19:46
Uczestnik z Feb 12, 2019
105 postów
Can see it rallying causing EU to drop with the invasion in Ukraine hopefully diplomacy will prevail
Uczestnik z Apr 09, 2019
538 postów
Mar 25, 2022 at 12:41
Uczestnik z Apr 09, 2019
538 postów
Divergence between DXY and EU occurred so while EU is looking bullish on the 4h I'm still waiting for more confirmation on HTF that we're entering a buy model.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Apr 09, 2019
538 postów
Apr 05, 2022 at 10:40
Uczestnik z Apr 09, 2019
538 postów
I think it is. There are plenty of opportunities on it throughout the week. Are you using DXY to compare it to? A lot can be gleaned by doing.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Sep 12, 2015
1948 postów
Jul 05, 2022 at 23:15
Uczestnik z Sep 12, 2015
1948 postów
If you click on Market heading and scroll down the list you will see Vol on each pair ,I've been trading Eur/Usd a long time and its not too difficult to predict ,plus lots of info on the pair.
"They mistook leverage with genius".
Uczestnik z Apr 09, 2019
538 postów
Jul 07, 2022 at 13:50
Uczestnik z Apr 09, 2019
538 postów
I can see us heading towards parity on this pair by the end of the month personally.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Jul 07, 2019
4 postów
Uczestnik z Apr 09, 2019
538 postów
Jul 20, 2022 at 10:24
Uczestnik z Apr 09, 2019
538 postów
Sat in consolidation at the moment. I'm still bearish at the moment so think we are about to see another leg down from here. Not bullish until we break back above 1.045 personally.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Dec 21, 2023
47 postów
May 02 at 09:34
Uczestnik z Dec 21, 2023
47 postów
USD: Powell holds the dovish line
The dollar closed yesterday's FOMC day lower, as it had done for the three prior FOMC meetings. We and the market were a little surprised that there was no further assessment of the strong US activity data or particularly the high inflation data and instead, Fed Chair Jerome Powell merely reiterated the recent line that it would take longer for the Fed to gain confidence to cut rates. As we discuss in our Fed review piece, the dollar seemed to react the most to comments from Powell that a rate hike was unlikely and that yesterday's JOLTs job opening data showed restrictive policy was working. The 10bp drop in rates at the short end of the US curve was enough to see DXY sell-off 0.5%.
When trying to recover yesterday, the DXY received another hit when Japanese authorities were thought to have intervened again late in the US afternoon – a time of thin liquidity and perhaps a reminder that intervention will still very much be an option during Japan's four-day public holiday starting tomorrow. Given that the Bank of Japan is thought to be selling large clips of dollars – perhaps as much as $20-35bn per intervention session – the market is already starting to consider the size of available FX reserves for this purpose. We think Japanese authorities will intervene sparingly but are probably hoping they can stabilise USD/JPY ahead of a broad turn lower in the dollar, just as they did in September/October 2022.
The US data calendar is quite light today and the market will take its cues off tomorrow's payrolls. There is a school of thought building that if the unemployment rate finally responds to slowing labour demand and pushes up to say 4.2% (current 3.8%) by September, the Fed can cut rates. Let's see what tomorrow's jobs data has to say.
For today, DXY should trade well within the confines of its new 105.50-106.50 range.
The dollar closed yesterday's FOMC day lower, as it had done for the three prior FOMC meetings. We and the market were a little surprised that there was no further assessment of the strong US activity data or particularly the high inflation data and instead, Fed Chair Jerome Powell merely reiterated the recent line that it would take longer for the Fed to gain confidence to cut rates. As we discuss in our Fed review piece, the dollar seemed to react the most to comments from Powell that a rate hike was unlikely and that yesterday's JOLTs job opening data showed restrictive policy was working. The 10bp drop in rates at the short end of the US curve was enough to see DXY sell-off 0.5%.
When trying to recover yesterday, the DXY received another hit when Japanese authorities were thought to have intervened again late in the US afternoon – a time of thin liquidity and perhaps a reminder that intervention will still very much be an option during Japan's four-day public holiday starting tomorrow. Given that the Bank of Japan is thought to be selling large clips of dollars – perhaps as much as $20-35bn per intervention session – the market is already starting to consider the size of available FX reserves for this purpose. We think Japanese authorities will intervene sparingly but are probably hoping they can stabilise USD/JPY ahead of a broad turn lower in the dollar, just as they did in September/October 2022.
The US data calendar is quite light today and the market will take its cues off tomorrow's payrolls. There is a school of thought building that if the unemployment rate finally responds to slowing labour demand and pushes up to say 4.2% (current 3.8%) by September, the Fed can cut rates. Let's see what tomorrow's jobs data has to say.
For today, DXY should trade well within the confines of its new 105.50-106.50 range.
Uczestnik z Dec 21, 2023
47 postów
May 03 at 07:42
Uczestnik z Dec 21, 2023
47 postów
EUR: ECB-Fed divergence narrative crumbling
Yesterday, the European Central Bank's Chief Economist Philip Lane said there is no one-dimensional view of Fed-ECB divergence. What we are observing in markets over the past week is actually a convergence of both Fed pricing to the ECB’s and a generally more cautious stance of ECB officials on the prospect of a large and quick cutting cycle beyond June. The dollar leg still has the biggest impact on EUR/USD, but the euro appears on more solid ground.
What we must highlight, at the same time, is that the euro has the lowest sensitivity to moves in 2-year USD swap rates across the whole of G10. That has allowed the common currency to outperform most other G10 currencies since the start of the year but is going to stay a laggard if US data endorses a further dovish repricing of Fed expectations.
Today, EUR/USD will be moved primarily by US jobs and ISM services releases. A softer-than-expected payroll print can unlock upside potential for the pair to the 1.0850/1.0870 pre-March-US CPI levels.
Yesterday, the European Central Bank's Chief Economist Philip Lane said there is no one-dimensional view of Fed-ECB divergence. What we are observing in markets over the past week is actually a convergence of both Fed pricing to the ECB’s and a generally more cautious stance of ECB officials on the prospect of a large and quick cutting cycle beyond June. The dollar leg still has the biggest impact on EUR/USD, but the euro appears on more solid ground.
What we must highlight, at the same time, is that the euro has the lowest sensitivity to moves in 2-year USD swap rates across the whole of G10. That has allowed the common currency to outperform most other G10 currencies since the start of the year but is going to stay a laggard if US data endorses a further dovish repricing of Fed expectations.
Today, EUR/USD will be moved primarily by US jobs and ISM services releases. A softer-than-expected payroll print can unlock upside potential for the pair to the 1.0850/1.0870 pre-March-US CPI levels.
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