Euro Daily Fundamental Analysis

[myregister]

A strong euro exchange rate which opened early Asia continue to rally since it responds positively to the weak dollar fundamentals and received a positive sentiment on Euro area economic data early European session Data which many people expected increment from the previous period. The data is a sentiment ZEW economic survey for the month of August. Pair EURUSD has managed to achieve a range of resistant strong.

 

Technically, EURUSD could rise to 1.1225-1.1247 range, but if it does not reach the range this pair will then move back down to the range between 1.11703-1.11303. And on this day estimated to have the support level at 1.11038 and the resistance level at 1.12480.

[myregister]

The movement of EURO exchange rate on European session Wednesday retreat by the market weighed the positive sentiment that lifted US dollar to a session tonight. Dollar which has dropped severely to the 9-week lows against the euro rebounded by an official FOMC hawkish comments.

 

The movement today the euro is only influenced by sentiment against US dollar due to the absence of fundamental data from the area of trading today. Tonight there is a momentum that can add energy to USD back that the comments St. Louis Fed President James Bullard and also the minutes of the FOMC meeting last month.

 

For the next trade until the close of trading ending of American session tomorrow morning, estimated that EURUSD pair could fall to the range between 1.12430- 1.12201. But if there is a correction then this pair may rise to  1.13003 or even lower.

[myregister]

A strong euro exchange rate which opened early Asian session has managed to penetrate the resistance range and is now moving to the retreat line by the negative sentiment coming from current acount data that will be released in the afternoon session. CA Data euro area is expected to show a lower data from the previous period. However, only an estimated technical retreat for a moment and entered the American session can rally back if the data support the dollar lower.

 

Technically, EURUSD could rise to the range between 1.13401-1.13702, but if it does not reach this range then the pair will move back down to the range of 1.12654-1.12281. And today is expected to have the support level at 1.12055 and the resistance level at 1.13757.

[myregister]

Euro exchange rate since the beginning of Asian trading session has been moved weakened by profit taking after the market rallied over 5 consecutive days followed by a strengthening US dollar sentiment resurgent Fed rate hike expectations through New York Fed President's statement overnight. For fundamental data so driving this afternoon comes from the German PPI data which will give a negative sentiment.

 

It seems EURUSD may continue to fall into the range between 1.1303-1.1280, but if it does not reach that target then EURUSD will rise and may even reach the range between 1.1375-1.1397. And today is expected to have the support level at 1.1226 and the resistance level at 1.1408

[Latham Lapard]

 

EUR/JPY was in very mixed trend and went between 112.50 to 113.50 level, it’s likely to continue on this route till there is any clarity, but we may see the bulls finally going better, it will be interesting to see if it could cross 115 level, as that could be the deciding factor for next movement.

[Latham Lapard]

 

USD/JPY went downhill with routine drop of nearly 200 pips before closing out just above 100 level, it’s likely that we will see the pair continuing with bearish movement, so that’s why it’s good chance to short with any pull backs.

[myregister]

Exchange rate of euro since the beginning of Asian trading session has been moved weakened by continued selling pressure after the last weekend Fed rate hike expectations rose further in September alarming its main rivals, thanks to the Last Federal minutes result which was Hawkish and successfully drive the hope for Fed rate hike.

Technically, EURUSD dropped continue to the range between 1.12722-1.12403, but if it does not reach this range then the pair will move back up to the range of 1.13420-1.13710. And today is expected to have the support level at 1.12086 and the resistance level at 1.13956

[myregister]

Euro exchange rate movements of the Asian session (06:10:35 GMT / 11:10 GMT) strengthened against US dollar after opening lower at 1.13190 in early trading. The exchange rate of EURO since the beginning of the Asian trading session moves rally that rests on the momentum of the weakening US dollar by the sentiment of disappointment on Fed rate projected increase further. 

In addition to the European session will receive a positive sentiment from PMI manufacturing flash area which is expected to be positive. Technically, it seems that EURUSD rose steadily to around 1.13503-1.13672, but if it does not reach this range then the pair will move back down to the range of 1.12842-1.12460 And today is expected to have the support level at 1.12100 and the resistance level at 1.13888 considering the momentum which weakening US dollar now.

[myregister]

Euro exchange rate movements of the Asian session (05:10:35 GMT / 12:10 GMT) weakened against US dollar after opening lower at 1.13052 in early trade.

 

Exchange rate euro since the beginning of the Asian trading session is sluggish receive negative sentiment to the surge in US new home sales which adds to the strength of its main rivals, namely US dollar. And in the European session the fundamental data that will be released expected to weaken so the more complicated euro to rebound. And in the American session, the euro exchange rate weakened if the US economic data showed a steady data.

 

Technically, EURUSD dropped continue to the range between 1.12840-1.12678, but if it does not reach this range then the pair will move back up to the range between 1.13272-1.13607. And today is expected to have the support level at 1.12380 and the resistance level at 1.13831.

[myregister]

Euro exchange rate movements in the Asian session moving strongly against US dollar, after opening lower at 1.12629 at the start of trading. It seems the movement of  EURO on Asian session amid consolidation moves prudence global market awaits new clues for a rate hike from the Fed Janet Yellen at the Jackson Hole symposium which starts tonight.

 

But entering the European session a strong move that received a positive sentiment of economic data later this afternoon's German business climate by the IFO survey, which this data will be the data show that increased from the previous period. Technically, EURUSD is expected to rise in the range 1.12840-1.13003, but if it happens corrections can descend towards the range 1.12509-1.12381. Support at 1.1223 and resistance at 1.13172.

[myregister]

Euro exchange rate movements of the Asian session (05:15:35 GMT / 12:15 GMT) strengthened against the US dollar after opening higher at 1.12822 .  Euro's exchange rate since the beginning of the Asian trading session moves rally that rests on the momentum of the weakening US dollar sentiment whicih is pessimist of the possibility of Janet Yellen's hawkish speech in Jacksion Hole symposium tonight.

 

For economic drivers this afternoon came GfK survey on German consumer sentiment, the data dissemination M2 money where all of this data expected  provides positive data. Technically, EURUSD rose steadily to around 1.13500-1.13672, but if it does not reach this range then the pair will move back down to the range of 1.1284-1.1246. And today is expected to have the support level at 1.12089 and the resistance level at 1.13420.

[myregister]

European exchange rate movements in the area such as the euro weakened stir at the weekend by the momentum of US dollar after the US Federal Reserve through Janet Yellen and Stanley Fischer optimistic Fed rate hike will be continued this year. unlike the GBP, the euro does not have enough fundamental strength to Follow GBP.

 

Economic data were key to note that on this day is August PMI manufacturing data for the euro area. Also this week there are some Euro area economic data that does not significantly affect the exchange rate movements of the euro as the country's unemployment rate data of the Euro area and the data flash estimates Euro area annual inflation rate.

 

Technically, the euro last week the dollar fell to around level 1.11940 and this week appears EURUSD pair will be among the support level at 1.11403 and 1.10445 while resistance at 1.13088 and then 1.14300.

[myregister]

Euro exchange rate movements of the Asian session weakening against US dollar after opening lower at 1.1188 in early trading (0000 GMT), the Euro exchange rate is now rolling on the position of 1.11751.

 

Euro exchange rate since the beginning of Asian session trading sentiment was hit by a Fed rate hike signals further this year continues, which has also received negative sentiment of the release of economic data to be released later this afternoon. Economic data released showed inflation data for Germany and Spain were less impressive than the previous period.

 

Technically, EURUSD dropped continue to 1.11494-1.11207 range, and if it reaches this range then the pair will continue to fall nto the range between 1.11150-1.10855. But if it does not reach this range then the pair can move back up to the range of 1.12052-1.12290 and is today estimated to have the support level at 1.10968 and the resistance level at 1.12579.

[myregister]

The movement of EURO at European session on Wednesday (31/8) had experienced strengthening against US dollar after the release of German retail sales data in July, but fell back by Euro area inflation data showing a decline from the previous period's indicator Core CPI.

Euro area inflation data released this afternoon will provide the market's fears of meeting the European Central Bank (ECB) next month to determine the next monetary policy. Previous ECB is very alarming with inflation member states will consider the continuation of the Euro for policy easing.

The movement of the euro exchange rate in the European session (11:00:35 GMT) is weakening against the US dollar, after opening lower than the previous trading at 1.1142 in early Asian trade. For the next trade until the close of trading ending the American session tomorrow morning, it looks like EURUSD could climb back into the range between 1.1170- 1.1205. But if it is not until these ranges can descend again into the range between 1.1120-1.1082.

[myregister]

Euro exchange rate movements of Asian session (04:30:35 GMT) weakened against US dollar after opening lower at 1.11570 in early trading (0000 GMT).Euro's rate since the start of trading in Asia hit by profit taking after the market rose even earlier trade is expected to receive positive sentiment from PMI manufacturing data.

Euro pressured by the region's inflation data released earlier showed a decrease in trade so worried about the next ECB monetary policy next week. Low inflation data away from the target could encourage the ECB further loosen policy.

Looks like EURUSD dropped continue to the range between 1.1125-1.1101, and if it reaches this range then EU will continue to fall to 1.10602. But if it does not reach this range then the pair can move back up to around 1.11776. And today is expected to have the support level at 1.10704 and the resistance level at 1.12180.

[myregister]

Euro exchange rate movements of the Asian session (04:50:35 GMT) consolidated against US dollar after opening higher at 1.1197 in early trading (0000 GMT). Exchange rate euro since the beginning of the Asian trading session against the dollar by consolidation moves attitude prudence will market US NFP data this evening. 

 

The focus of the global market was focused on reports The US labor market as the direction for the next Fed rate hike expectations. Fundamental mover today come from Spain unemployment data that could power the rally.

 

Technically, EURUSD could rise to 1.1219-1.1251 range, but if it does not reach the range The pair will then fall back to 1.1144. And if it reaches this range then the pair continue rise to 1.1260. And today is expected to have a support level at 1.1065 and the resistance level at 1.1284.

[Latham Lapard]

 

EUR/JPY was bullish this week with pair touching 116 level, it’s likely to reserve around this stage, but eventually it’s going to push towards 117 level and if crossed then we may see 119 been challenged as well.

[Latham Lapard]

 

USD/JPY has been bullish this week with pair going towards 104 level, but eventually settling below it at 103.88 level, it maybe again push pass 104 mark, but there is strong possibility of the pair going down under towards 102 level.

[myregister]

Euro exchange rate movements of the European session (07:30:35 GMT / 14.30) strengthened against the US dollar after opening higher at 1.11570 in early trading (0000 GMT), the Euro exchange rate is now rolling on the position of 1.11742.

Exchange rate euro since the beginning of the Asian session trading stronger against the dollar moves by bargain hunting after the market poor US non-farm payrolls in August, and this afternoon getting stronger by the release of economic data service PMI for the Euro area countries are positive.

Technically, EURUSD could rise to 1.12109-1.12754 range, but if it does not reach this range then the pair will fall back to 1.11242. And today is expected to have the support level at 1.10110 and the resistance level at 1.1314.

[myregister]

Euro exchange rate movements in Asia session (05:00:35 GMT) observed to fall down against the US dollar after opening higher at 1.1147 in early trading, Euro exchange rate is now rolling at around 1.1145. Exchange rate of euro since the beginning of the Asian session trading is stronger against US dollar moves by bargain hunting after two straight days of sentiment depressed by monetary policy easing Eurozone ECB continued to be discussed next week.

In the European session is expected to receive positive sentiment from some economic data such as the German factory orders, retail PMI and Q2 GDP revision. Technically, EURUSD could rise to the range between 1.1165-1.1196, if this pair rise around that it may then proceed up to around 1.1200. And today is expected to have the support level at 1.1084 and the resistance level at 1.1214.

[myregister]

Euro exchange rate movements of the Asian session (05:00:35 GMT) strengthened against US dollar after the price of this currency pair opened lower at 1.1238 in early trading (0000 GMT), the Euro exchange rate is now at rolling values which located at 1.1250.

 

Exchange rate euro since the beginning of the Asian session trading stronger against US dollar moves can still be maintained by expectations the ECB will not ease monetary policy back. But prudence market still looks to weigh the latest economic data showing a tendency to drop.

 

Technically, EURUSD could rise to 1.1264-1.1285, but if it does not reach that range then the pair may fall to 1.1230-1.1203. And if it reaches the range above, the pair continue up to 1.1290. And today is expected to have support level at 1.1175 and resistance level at 1.1303.

[myregister]

Euro exchange rate movements of the Asian session (04:00:35 GMT / 11.00 am) to strengthen against the US dollar once opened lower at 1.1259 in early trading (0000 GMT), the Euro exchange rate today rolling on the position of 1.1283. Asian session the euro exchange rate against the dollar continues to move strong rally the previous trading still with the same sentiments with the previous trading does not change the attitude of the ECB interest rate and does not provide guidance for the next monetary policy easing.

 

But in the European session is expected to receive the negative sentiment of the release of economic data disappointing. Technically, EURUSD could rise up to around 1.1294-1.1325 range, but if it does not reach The range then this pair may fall to 1.1250-1.1190. And if it reaches the range described above, pair continue to rise around level 1.1330. And today is expected to have the support level at 1.1139 and the resistance level at 1.1359.

[myregister]

Euro on forex trading amid European session on Monday (9/9) having difficulty to move positively while US dollar was pressured by its rivals, which was triggered by weakening sentiment last week when the ECB issued a policy that does not like the market. ECB set to not change its policy overnight interest rates already are at the lowest position and also do not add to the bond purchase program will end in March 2017. 

This policy was very disappointing the market and make fundamental euro darkened and because of that Euro exchange rate movements on early European session is weakening against US dollar, after opening lower than the previous trading at 1.1233 in early Asian trade (0000 GMT), the natural weakening euro exchange rate 15 pips and rolling values at 1.1222.

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates EURUSD pair further will fall down to the range between 1.1205 - 1.1184. But if the price cannot fall down instead rise up then the price may reach the top at 1.1266 or even more.

[myregister]

Euro exchange rate movements on European session (06:30:35 GMT) weakened against US dollar after opening where the price opened higher at 1.1235 in early trading (0000 GMT), the Euro exchange rate is now rolling at 1.1214.

 

Euro exchange rate is moving in consolidation since the beginning of Asian session because of negative movement against US dollar, but entered the European session will be a positive move by the gloomy projections of dollars at evening session. Economic data released this afternoon from Germany showed mixed data.

 

Technically, EURUSD could rise to 1.1252-1.1293, but if it does not reach this range then it may fall to 1.1210-1.1170. And if failed to do so, then the pair will go up to around 1.1300. And today is expected to have the support level at 1.1144 and the resistance level at 1.1320.

[myregister]

Ending the second day forex trading this week ended a few hours ago (14/9) Euro already weakened by the strengthening US dollar; There are many economic data which make Euro weak in this three consecutive days day as ZEW survey data on the German economy and the Euro area, as well as wholesale price inflation data and German. Third, data on more dominant pressured the euro which seeks reinforced by economic data such as industrial production data Italy and the Euro area employment growth.

 

Both of these data showed an increase in the data from the previous period. Here are some reviews of economic data released yesterday. The level of consumer prices or German inflation remained stable in August the same with previous expectations according to Destatis. Inflation rose at a pace of 0.4 percent year-on-year. But the level of German wholesale prices declined at a slower pace in August, wholesale prices fell 1.2 percent in August from a year ago, extending a 1.4 percent decline in July.

 

This data is the slowest rate of decline since January. According to the ZEW survey of economic sentiment in August in Germany stabilized as the same position in the previous period 0,5 but under expectations of a rise to 2.8. But in the Euro area experienced an increase to 5.4 from 4.6 in the previous period, while the economists' expectations for a rise about 6.7.

 

And positive economic data that the data region labor force growth in the second quarter where the growth in the labor market 19 member states rose 0.4 percent from the same position in the first quarter, but compared with the same period the previous year only 0.3 per cent.

 

For today's trading movements in the euro will continue weakening due to the lack of strong fundamental data to influence the market, there is only minor data such as French inflation data, the euro area industrial production. The data is expected to give even this negative sentiment for the Euro rate.