Euro Daily Fundamental Analysis

[myregister]

Euro exchange rate movements on Asia session (04:45:35 GMT) weakened against US dollar after opened lower at 1.1249 in early trading (0000 GMT), Euro exchange rate is now rolling at the value of 1.1242. On Asian session EUR exchange rate weakened by profit taking move as the responds to the minimal fundamental analysis.

Strong provide power for the euro dollar opponent. In the European session only final CPI data releases are expected to show the same position and is still far from the target of the ECB. SO, EURUSD moved into the range between 1.1254-1.1275, but if failed then EURUSD may fall to 1.1234-1.1210. And if it reaches 1.1275 then AUDUSD may rise towards 1.1280. And today is expected to have support level at 1.1151 and resistance level at 1.1332.

[myregister]

Euro exchange rate at European session on Friday (14/9) back naturally and weakened against US dollar also against many other rivals such as the Pound Sterling, Yen, Swiss Franc and Canadian Dollar. Fundamental of euro looks very vulnerable than other fundamental rivals that seen in some economic data releases there.

US Dollar is trading previously received negative sentiment of economic data releases that weaken the Fed rate hike expectations, strong back against many rivals to respond to two economic data expected to provide a positive dollar sentiment. The inflation data and UoM consumer sentiment survey will be released tonight put pressure on euro.

Previous trading the euro weakened by the economic data that disappointed as euro zone inflation data that has remained unchanged in August and the trade surplus declined unexpectedly in July, due to decreased exports fell.

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that EURUSD could fall into the range 1.1225- 1.1195. But if there is a correction, the pair can rise to the range between 1.1252-1.1307.

[myregister]

Euro in forex trading European session on Monday (19/9) is still able to move strong despite negative sentiment of EURUSD which tried to overshadow rate since the beginning of Asian session today. Previous trading euro at the end of last week strong pressure from US inflation data that increased from the previous period.

The negative sentiment this afternoon comes from the data the euro area current account surplus decreased from 29,5B be 21,0B in July. Power euro this afternoon still be obtained from the momentum of the global market to take profit from the strengthening of the dollar is high enough last weekend. On European session the exchange rate movements is strengthening against US dollar, after opened higher at 1.1155 in early Asian trade (0000 GMT),

For the next trade until the close of trading ending the American session tomorrow morning, it seems that EURUSD will be able to rise up to around 1.1176 - 1.1205. But if there is a correction, the pair's price of this currencies in the next trading may fall towards 1.1149-1.1107 range.

[myregister]

Euro in  European forex trading session on Monday (20/9) made a strong mvoes in Asian session moving consolidation tends to be negative with a bit of profit taking from the market. The power of EUR this afternoon that managed to penetrate resistant is because of the strong sentiment derived from estimates of US property data poor this evening.

 

And after European markets opened Destatis announced disappointing German PPI data in the period July. The data is the contraction of the previous period data is a natural strengthening of 0.2%, while the data is -0.1% below expectations for 0.1% rise. If US economic data released disappointing tonight, Euro continued to rally towards next resistance.

 

On European session euro exchange rate movements (08:10:35 GMT) is strengthening against US dollar, after opening higher than the previous trading at 1.1176 in early Asian trade (0000 GMT), a natural Euro exchange rate gains 15 pips and is now rolling at 1.1191.

 

For the next trade until the close of American session tomorrow morning, EURUSD estimated be able to rise to the range between 1.1219 - 1.1238. But if there is a correction, the pair may fall towards 1.1165-1.1127 range as the lowest range of price they could achieved.

[myregister]

The focus of global market awaits the central bank's monetary policy announcement tomorrow morning to make United States market players secured assets to safe haven assets even though many expect US Federal Reserve did not change its monetary policy. If Fed to raise interest rates will make the global economy that has not recovered 100% more worrying.

 

But approaching American market opened weaker against euro made since the previous trading gradually trimmed and prepared to gain back power to rebound. If Fed does not change the current monetary policy which will be announced later, the exchange rate of the euro will be strong again. Today's trading movements in the euro does not have the support of the region's economic data releases.

 

Euro all day just driven by Fed policy sentiment. And for your information, the current Asian session the euro had plunged to its lowest in 14 days against the dollar.

 

European session the euro exchange rate movements (09:30:35 GMT) is weakening against US dollar, after opening lower than the previous trading at 1.1150 in early Asia trade (0000 GMT), the natural attenuation rate Euro is 5 pips and now rolling at 1.1145. For the next trade until the close of trading ending on American session tomorrow morning, analyst estimates EURUSD pair tried to go up to the range 1.1163 - 1.1201. But if it is not until these ranges, the pair will go down towards the bottom of around level 1.1120.

[myregister]

When the forex market opened on European session, the currency of the Euro area and the UK are heavily traded after the market makers release their safe-haven assets to respond to the fundamental conditions of disappointing US dollar. Hope US dollar to move higher rests on Fed rate hikes were dashed when the US central bank announced its policy early this morning.

 

Gloomy expectations of Fed rate hikes make merry stock exchanges and indices exchanges Asia and Europe scored a significant strengthening. After the stock, the next selected asset markets after the announcement of the Fed's mid-European region.

 

Today's trading movements is euro does not received strong support from the region's economic data releases, and more driven by the weakening US dollar sentiment. This week the euro exchange rate experienced a bad trade since last weekend when US inflation data increases. And trade until this afternoon had managed to climb back to its highest level in five trading days.

 

On European session Euro exchange rate movements were rallied against US dollar, after opened lower than the previous trading at 1.1186 in early Asia trade (0000 GMT), it seems that Euro exchange rate gains 60 pips and is now rolling value at 1.1245. For the next trade until the close of trading ending the American session tomorrow morning, EURUSD will rise to 1.1284 - 1.1215. But if it is not until those ranges, the pair will go down towards the bottom at 1.1180.

[myregister]

Euro exchange rate movements on Asia session (04:00:35 GMT / 11:05 GMT) weakened against US dollar after opened lower at 1.1207 in early trading (0000 GMT), it seems that Euro exchange rate is now rolling at 1.1197 also has potential to rise more.

Euro on Asia session experienced what we called as profit taking after natural reinforcement for 2 consecutive days that weigh mixed economic data especially data from Markit for data flash manufacturing. Throughout today have strong fundamentals driving the same, but American session data for US are expected to show positive results.

Technically EURUSD continues to fall down to the range of 1.1188-1.1125, but if it does not reach this range then the pair can rise back to 1.1217-1.1260. So it seems that today EURUSD pair is expected to have the support level at 1.1108 and the resistance level at 1.1311.

[myregister]

Euro exchange rate movements on Asia session (04:50:35 GMT / 11.55 pm) weakened against the US dollar after opening higher at 1.1230 in early trading (0000 GMT), the Euro exchange rate is now rolling on the position of 1.1227.

 

Euro on Asan session experienced the profit taking trend especially after briefly opening stronger than the end of last week's trading. Euro naturally profit-taking after the previous session's rally for 3 consecutive days. Euro moves consolidation since early trade, but the European session can be a strong move by positive sentiment of economic data to be released. The strong data that will be released is German IFO Climate Business.

 

Technically, EURUSD moved up towards the 1.1245-1.1266 range if the current correction pair did not reach that if cannot reach support. And if it breaks strong support will fall down deeper to around 1.1173. And today is expected to have the support level at 1.1146 and the resistance level at 1.1286.

[myregister]

Euro exchange rate movements on European session (06:40:35 GMT) weakened against US dollar after opening higher at 1.1253 in early trading (0000 GMT), the Euro exchange rate is now rolling at the position around 1.1245.

Euro tumbled as the respond on European session after US dollar strengthening itself since the US Presidential candidate debate which provide strong support for candidate, Hillary Clinton. Besides EURO under pressure from negative sentiment coming from the data import price data for Germany in August which showed a contraction data.

Fundamentally EURUSD could move up on US session towards 1.1260-1.1295 range if the current correction pair did not reach the range of strong support. And if it breaks strong support will pressed down the price more to around 1.1190 range. And today is expected to have the support level at 1.1162 and the resistance level at 1.1330.

[myregister]

Euro exchange rate movements in the end of Asian session (05:45:35 GMT / 13:45 GMT) weakened against US dollar after the price of this pair opened higher at 1.1214 in early trading (0000 GMT), the Euro exchange rate is now rolling value is at 1.1204.

 

Euro is still moving in weak sentiment continued earlier trading by the strengthening US dollar after the strong support for Hillary Clinton after the debate candidate for President of United States. Trading today minimal with strong fundamentals driving so difficult to get out of the pressure the US dollar.

 

Technically, EURUSD will continue to move down towards the 1.1199-1.1155 range, but if there is a positive correction then this pair may rise up to the strongest resistance. And if it breaks the support strong, price will  pressed down to around 1.1170. And today is expected to have the support level at 1.1128 and the resistance level at 1.1312.

[myregister]

Euro which was moving strongly continue the previous trading trend against the US dollar experienced profit taking since the beginning of the European session on Thursday (29/9) until tonight. The strength of the US dollar rally that receives power from a commodity exchange pressing EURUSD dominance amid positive data from economic data releases today.

When European markets opened has released some mixed economic data, which the Spanish inflation data and business sentiment in the euro area showed positive data while the data is negative data shows that German unemployment rate data. Strong positive sentiment today come from the European Commission report which reported business sentiment in September.

On European session Euro exchange rate movement10:30:35 GMT) was weaker against US dollar, after opening higher than the previous trading at 1.1216 in early Asian trade (0000 GMT), the Euro exchange rate experienced a decrease of 1 pips and is now rolling value is at 1.1215.

For the next trade until the close of trading ending the American session tomorrow morning, it seems that EURUSD will be estimated to drop to around the range between 1.1206 - 1.1178. But if it is not until these ranges, the pair may rise towards 1.1238-1.1264 range.

[myregister]

Euro which had a strong move along on Asia session and try to continue the previous trading rally but failed when entering the European session. At the beginning of the European session there were many such regional economic data released the data as a negative and worse results. Seeing the movement of the pair before American session, it seems this week from last week's trading is strong.

Economic data which was very hard to hit Euro exchange rate that German retail sales data and the data flash estimate of the inflation rate in September. German retail business performance data period in August experienced a severe contraction from the previous month.

On European session Euro exchange rate movements (10:50:35 GMT) was dropped badly against US dollar, after the price opened lower than the previous trading at 1.1221 in early Asia trade session (0000 GMT), Euro exchange rate experienced a decrease about 54 pips and is now the rolling value is at 1.1167

For the next trade until the close of trading at the end of American session tomorrow morning, it estimated that EURUSD pair will drop to the range in between 1.1157 - 1.1115. But if there is a correction, the pair may rise towards the range of 1.1230-1.1249.

[myregister]

Euro exchange rate movement in the early of European session (07:45:35 GMT / 14:45 pm) move in bullish sentiment against US Dollar after the price of this pair opened higher at 1.1239 in early trading (0000 GMT), the Euro exchange rate is now rolling on at 1.1237 also EURUSD successfully penetrated the strong support range.

Euro exchange rate which move weaker in early Asia session by profit taking after last week's market rally for 3 consecutive days. Euro gained strength this afternoon by the release of economic data by Markit survey for the euro area manufacturing performance, in which the data released for the month of september naturally improved from the previous period even exceeded expectations.

Technically, EURUSD is expected to have the support level at 1.1119 and the resistance level at 1.1330 and if the price able to break the resistance EURUSD will rise towards the range between 1.1261-1.1303, but if correction happens the price will fall down to the range between 1.1218-1.1147.

[myregister]

Euro exchange rate movements in the end of Asia session move in negative manner against US Dollar after the current price actually opened higher at 1.1212 in early trading, Euro exchange rate rolling value right now is at 1.1187. Pair has gone through a range of strong support.

Euro is moving weak since the beginning of Asia session by the strength of the US dollar after the solid US PMI manufacturing data from the ISM survey continued amid a lack of fundamental driving force as strong as the previous trade. Data that can add to the weakening euro is that Spanish unemployment data which expected to increase.

It seems that EURUSD decline further towards the range between 1.1174-1.1157, and if it is not up to that range then this pair may rise again towards range between 1.1219-1.1250 And today is expected to have a level support at 1.1157 and the resistance level at 1.1268.

[myregister]

Euro exchange rate movements in the end of Asia session (07:10:35 GMT / 14:15 pm) move negatively againste US dollar after the price opened lower at 1.1204 in early trading (0000 GMT), the Euro exchange rate is now rolling on the position of 1.1213.

The euro is moving strongly on Asian session because it affected by bargain hunting after the market experienced pressure from the US dollar before trading. In the European session, there are several data services such as PMI to cut back pair, but the American session could rise again if the US data the dollar weakens.

Technically, EURUSD rose steadily towards 1.1233-1.1289 range, and if it is not until these ranges can pair down again towards the range betwee 1.1190-1.1154. And if it breaks the range of strong resistance then the pair will go weak resistance. And today is expected to have the support level at 1.1095 and the resistance level at 1.1329.

[myregister]

Euro exchange rate movements are depressed by the strength of US dollar since the Asian trading session till early European session on Thursday where the price managed to rebound after Destatis reported factory orders data of Germany in Augus which showed improvement exhibited significantly from the previous month period.

However trimmed back by a strong US dollar fundamentals that elevate US dollar since the beginning of the Asian session. Destatis Data announced factory orders in August rose to 1%, which beat expectations for a rise of 0.5%, while the previous month period only at 0.3%. But solid economic data from Germany is not able to energize the euro to rally after earlier trading got power of business performance data PMI by Markit.

European session the euro exchange rate movements which depreciated against the US dollar, after the price of this pair opened lower than the previous trading at 1.1204 in early Asian trade (0000 GMT), the Euro exchange rate of natural decline and is now rolling value for this pair at 1.1199.

For the next trade until the close of trading in the ending of United States session tomorrow morning then analyst estimated that EURUSD pair will go up to the range between 1.1216 - 1.1249 which act as resistance if the pair is not, then it will corrected down to the range between 1.1181-1.1163.

[myregister]

Euro exchange rate movements entering the European session on Friday (7/10) plunged to lows against US dollar in nine weeks by the dismal of Euro fundamental this weekend despite some positive economic data provided support. Even the support of positive data failed to lift euro.

This afternoon of some economic data released for the Euro area, just a report from the statistical office Destatis and INSEE that provide data fairly refreshing. The data is the data industrial production in Germany and France, where both the data failed to show a significant increase from the previous data contraction.

The positive sentiment that able to lift Euro was not able to defeat the growing sentiment US NFP data projection period in September, which could potentially provide a powerful force for the Fed to raise interest rates so that the end of the year the dollar was getting stronger.

Euro exchange rate on Europe session depreciated against the US dollar, after the price opened hgiher than the previous trading at 1.1152 in early Asian trade (0000 GMT), also the Euro exchange rate experienced a decrease about 25 pips and is now rolling at 1.1127.

For the next trade until the close of trading in the ending of American session tomorrow morning, analyst estimates EURUSD pair will drop to the range between 1.1099 - 1.1068. And if there is a correction, it seems that this pair will go up to the range between 1.1155-1.1193.

[Latham Lapard]

 

EUR/USD started off the week in pretty tide fashion with the pair riding around 1.13 to 1.12 level, but with the major happens like NFP taking place, it made the pair dip slightly, but eventually settling around 1.12 level.

[Latham Lapard]

 

GBP/USD was in killer mood with the heavily drop after Brexit, it went nuts with dropping down to 1.20 level, but pulled up equally quickly with putting up nearly 400 pips then eventually settling at 1.2435 level, but it’s likely that the gateway has been wide open now.

[myregister]

Having managed a strong rebound in trading late last week by the pressures experienced by US dollar after NFP data in September 2016, Euro exchange rate which could move strong on early Asian session fell back ahead of trading on New York session. Though, euro this afternoon gain a positive sentiment from some positive economic data.

 

After the European markets opened two statistics office Euro Area Destatis and as well as the institute Istat investor survey gave a positive report on the trade balance data German and Italian industrial production. In addition there are the data based on a survey Sentix investor sentiment which showed an increase in scores optimistic. The data above is a fundamental driver of the minor so under powered lift the euro.

 

Based on that the Euro exchange rate on European session observed depreciated against US dollar, after the price of this strong currency opened lower than the previous trading at 1.1181 on early Asian trade , the Euro exchange rate experienced a decrease around 15 pips and is now rolling  at 1.1166.

 

For the next trade until the end which is the closed of  American session tomorrow morning, analyst  estimates EURUSD pair will make a bearish sentiment and fall to around the range between 1.1159 - 1.1118. And if there is a correction, this pair will rise to the higher level or between the range of 1.1194-1.1213.

[myregister]

A good reports from ZEW (Zentrum für Europäische Wirtschaftsforschung) Tuesday (11/10) for a survey of investor sentiment for the German economy and the euro area in the period October not able to lift euro that has been depressed since the beginning of week trading. Momentum sentiment of strengthening US dollar exchange rate is stronger suppress Euro

 

US dollar strength ahead of the growing American trading session opened after the night before the Columbus Day holiday. The strong dollar sentiment derived from expectations of Fed rate hike in December this year despite last weekend had dimmed when the non-farm payrolls in September was disappointing.

 

Euro exchange rate movement on European session tumbled badly against the US dollar, after the price of this pair opened lower than the previous trading at 1.1137 in early Asian trade (0000 GMT), the Euro exchange rate experienced a decrease 55 pips and is now rolling at 1.1083. For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that EURUSD pair will drop to the range between 1.1076 - 1.1051. And if there is a correction, the pair may rise towards the range between 1.1145-1.1178.

[myregister]

Euro exchange rate movements in Asian session is moving strongly against US dollar, after the price of this pair opened lower at 1.1107 in early trading and the EURUSD is now rolling at 1.1016. Euro Asian session trying to rebound strong although there is no strong moving data that will provide a strong sentiment, the data was only final data expected German PPI alike. 

Technical rebound experienced by the euro early in the session by bargain hunting pair that has been mired in three consecutive days. Observed euro was corrected back to respond to strong fundamentals US dollars. EURUSD is moving down towards the range between 1.0996-1.0954, however if there is a correction may rise towards the range of 1.1044-1.1080. So EURUSD normal range is estimated to have support at 1.0921 and resistance at 1.1110

[myregister]

In the middle of the European session forex trading, Euro managed to keep the rebound since the Asian session got an injection of energy from the ECB meeting this week. For important economic data that was released at the beginning of the European session that the region's inflation data in September helped provide support.

 

This week the ECB will discuss monetary policy meeting next Thursday later, this meeting is expected to discuss also the reduction of the volume of the stimulus for the next period after the end of March 2017. This sentiment gives strength to the euro, but the strong sentiment Fed rate hike in the global market can just correcting the strength EURUSD pair if the release of US economic data this evening encouraging.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimated that EURUSD pair will drop to the range between 1.0960 - 1.0928 but there are chance for Euro rebounded if that pair cannot reach that range and will rise to the range between 1.1005-1.1038.

[myregister]

In the middle of European session forex trading on Tuesday, Euro exchange rate which is trying to move the rally to continue strengthening earlier in Asian session began to slow down and move the consolidation. The lack of a strong fundamental driving force in the European session the euro makes EURUSD pair pull of sentiment.

 

Euro got a positive sentiment on expectations of stimulus pruning decision in 2017 on ECB policy meeting on Thursday this week, but was withdrawn by the positive sentiment that will support US dollar in the US session on expectations of strong US inflation data period in September.

 

On European session EURO exchange rate movements  strengthened against the US dollar, after the price opened higher than the previous trading at 1.0999 in early Asian trade, the Euro actually here got an increment around 20 pips and now the rollin value is at  1.1019

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that EURUSD pair will drop to the range between 1.0990 - 1.0964 if the strength of the euro's rally did not reach that range this pair will rise towards the range between 1.1031-1.1062.

[myregister]

In the middle of the European session forex trading Wednesday Euro seems trying to pick up momentum of weakening US dollar to move gradually from position 7-month low. Stepping out of the euro for the position already gained in early trading last week when the pair EURUSD rebound.

 

The strong foothold obtained from the monthly ECB meeting on Thursday when they will announce the latest monetary policy where interest rates will not be changed. However, the market expects ECB to give a strong signal about the prospects of the continuation of stimulus next year after ending in March 2017.

 

Euro exchange rate on EU session observed to strengthened against US dollar, after the price opened opening lower than the previous trading at 1.0980 area on early Asian session trading (0000 GMT), the Euro exchange rate of natural increase of 14 pips and is now rolling at 1.0994

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst Vibiz Research Center estimates that the EURUSD pair will continue to rise to the range 1.1010 - 1.1045. But if it is not able to achieve this range then the next pair may drop again reaches the range of 1.0981-1.0925.