|Day's Range||1.125 - 1.131|
|52 Week Range||1.1185 - 1.2402|
Activity in Germany's manufacturing sector shrank for a fourth straight month in April, while a similar survey from France also painted a bleak picture. "Investors are worried about the health of the global economy and the eurozone and the fortunes of the euro are closely tied with that," said Ricardo Evangelista, a senior analyst at ActivTrades in London.
Investing.com -- The euro is trading sideways against the dollar early Thursday in Europe, awaiting what are likely to be market-moving business surveys from around the region.
The euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost. The euro was a shade higher at $1.1298, having eked out a gain of 0.1 percent the previous day. The single currency has steadily recovered from a recent low of $1.1183 plumbed at the start of April.
Investing.com - The Australian dollar rose on Thursday in Asia on stronger-than-expected jobs data for March. The euro also inched up ahead of the release of euro zone PMI data later in the day.
The loonie touched the month low near 1.3272 levels amid influential Canadian CPI figures. GBP/USD doused in plunge as events came out below-expectation. This time, the EIA reported a negative US Crude Inventory data.
The Euro rallied significantly during the trading session on Wednesday again, but as we have seen before, the sellers came back in and pushed things back down. We continue to hover around the crucial 50 day EMA.
Investing.com - The U.S. dollar was flat against its rivals Wednesday. The Fed's Beige Book noted moderate wage growth, but that drew a muted reaction from the greenback.
Based on the early price action and the current price at 1.1303, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1294.
The U.S. dollar was off slightly versus its biggest rivals Wednesday after data showed the pace of Chinese economic growth steadied in the first quarter, helping to soothe fears of a global economic slowdown. The ICE U.S. Dollar Index (DXY) a measure of the currency against six major rivals, was off 0.1% at 96.918. China’s economy grew 6.4% year over year in the first three months of 2019, according to government data, matching the pace of growth in the final quarter of 2018 and coming in slightly above expectations for an expansion of 6.3%.
London markets were marginally lower as mining giant BHP Group PLC followed rivals in cutting iron ore production guidance. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) fell 0.1% to 7,459.1. It had risen 0.
European markets were mixed as China growth came in as expected, leaving thinly traded preholiday markets looking for direction. How did markets perform? The Stoxx 600 (XX:SXXP) fell 0.2% to 388.4, nearly erasing Tuesday’s 0.
The pair now awaits the Eurozone March CPI Core Reports. EUR/USD traded well above the significant 200-day SMA alluding a sustained uptrend.
The Dollar’s on the back foot following stats out of China this morning. It may not last though if there’s a resolution to the trade war…
China data was skewed to the positive. Whilst failing to spur the equity markets, the EUR and the Aussie Dollar benefited.
Investing.com -- The dollar was broadly lower in early trading in Europe on Wednesday after China’s slightly faster-than-expected economic growth in the first quarter encouraged a new leg up in commodity currencies.
The EUR/USD showcased a seesawed performance during the day. AUD/USD plunged in the Asian session after the announcement of RBA’s dovish monetary comments. The loonie pair fell off to 1.3350 levels over weaker reports and crude upliftment.
A future euro area budget will complement monetary policy, adding a new instrument to the bloc's toolkit, the chairman of euro zone finance ministers Mario Centeno said on Tuesday, according to the text of a prepared speech. European policymakers have so far given few details about the size of such a budget, where it will come from and what the money should be spent on. "It will not start as a bazooka, but over time we will be able to adjust it to our needs as it proves its merits," Eurogroup head Centeno was due to tell an audience at the London Business School.
The Euro initially pulled back during the day on Tuesday but found enough support underneath the 50 day EMA to turn around and show some resiliency. Because of this, it looks as if the move higher continues.
The U.S. dollar strengthens slightly against its major rivals on Tuesday — notably the British pound and the euro — with gains for a popular measure of the currency temporarily gaining loft after a U.S. economic report.
Investing.com - The U.S. dollar inched higher against its rivals on Tuesday, even as weaker-than-expected U.S. industrial production data added to expectations that the Federal Reserve is likely to stay on pause for prolonged period.
Based on today’s wide trading range, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to 1.1317 and 1.1284.
London markets moved up Tuesday as low U.K. unemployment figures gave stocks a boost. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) rose 0.2% to 7,451.1 on Tuesday, after closing flat Monday.