Monday, 26 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
EUR/USD resumes the downside near 1.1150 ahead of ECB, data
Tuesday, 21 May 2019 13:59 WIB | CURRENCIES |EUR/USD

The sentiment around the European currency remains subdued in the second half of the month, with EUR/USD now reversing Monday™s uptick and refocusing on the 1.1150 region.

EUR/USD looks to trade, ECB

Spot is navigating the lower end of the recent range following last week™s sharp sell off, while some decent contention appears to have emerged near 1.1150 for the time being.

In the meantime, the US-China trade dispute continues to drive the mood around the global markets despite the lack of fresh headlines as of late. In this regard, news around Chinese blue chip Huawei has grabbed all the attention in past hours.

In addition, spot remains vigilant on the renewed geopolitical effervescence around US and Iran, which should keep the demand for safer assets well and sound.

Later in the session, ECB™s VP L.De Guindos will speak at ˜The International Financial Services Forum 2019™ in London in an otherwise empty docket in Euroland,

Across the pond, April™s Existing Home Sales and speeches by FOMC™s Evans and Rosengren should keep the focus on the buck.

EUR/USD levels to watch

At the moment, the pair is losing 0.12% at 1.1152 and faces the next support at 1.1135 (low May 3) seconded by 1.1109 (2019 low Apr.26) and finally 1.0839 (monthly low May 2017). On the other hand, a break above 1.1239 (55-day SMA) would target 1.1264 (high May 1) en route to 1.1302 (100-day SMA).

Source: FXstreet

RELATED NEWS
Dollar Gains as Traders Trim Rate Hopes Before Powell Speech...
Friday, 23 August 2019 15:20 WIB

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (14:00 GMT). At 3:30 ...

Dollar In Holding Pattern Ahead Of Fed Speech, Kiwi Jumps On RBNZ Comments...
Friday, 23 August 2019 08:46 WIB

The dollar held steady in Asia on Friday on expectations U.S. Federal Reserve Chairman Jerome Powell would stick with his message that the central bank has not entered a prolonged monetary easing cycl...

Dollar Slips, Euro Pushes Higher after PMI Data...
Thursday, 22 August 2019 15:16 WIB

The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy ...

Dollar Holds Gains After Fed Minutes Temper Rate Cut Expectations...
Thursday, 22 August 2019 09:08 WIB

The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate c...

Dollar Hovering Near 3-Week Highs ahead of Fed Minutes...
Wednesday, 21 August 2019 15:11 WIB

The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues o...

LATEST NEWS
Hong Kong stocks finish week on positive note (Review)

Hong Kong shares ended the week with a healthy rise on Friday as investors look ahead to a key speech later in the day by Federal Reserve boss Jerome Powell hoping for hints at further interest rate cuts. The Hang Seng Index jumped 0.50 percent,...

Dow closes down more than 600 points after Trump orders U.S. companies to leave China

U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China. The Dow Jones Industrial...

Oil prices slide 2.1% as US-China trade war escalates

Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world™s two largest economies. Brent crude futures fell 50...

POPULAR NEWS
Gold Futures Post a Gain For a 4th Week in a Row
Saturday, 24 August 2019 01:21 WIB

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold...

Hong Kong stocks end with steep losses (review)
Friday, 23 August 2019 03:07 WIB

Hong Kong shares sank on Thursday as hopes for US interest rate cuts were overshadowed by worries about the city's economy and the impact of...

Gold Heads for Weekly Drop as Powell Speech Awaited
Friday, 23 August 2019 09:06 WIB

Gold is poised for the first weekly decline in a month as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual...

Boeing Boosts Dow While Investors Await Powell
Friday, 23 August 2019 04:03 WIB

Investors are betting big on Boeing for now, and the Dow Jones Industrial Average was the beneficiary on Thursday. The Dow finished the day up...