EUR/USD extended losses to 1.0910

1 June, 2015

The shared currency is being offered in the early European session, taking the EUR/USD pair lower to a session low of 1.0910 levels. 

EUR ignored upbeat Spanish data

The common currency is being sold even though the Spanish manufacturing PMI printed at 55.8, its highest level since April 2007. The new week and new month begun with a slide mainly due to the ongoing Greek saga. A Greek payment to the IMF is due on this Friday, and the sides are not getting any closer. 

Moreover, the markets are pricing-in an op-ed by Greek PM Tsipras which sounded very defiant. Overall, there are lots of disinformation and lots of arguments and counter arguments on whether or not Greece is nearing the deal with its creditors.

EUR/USD Technical Levels

A break below 1.09 could see the pair target 1.0862 levels (May 26 close). On the flip side, a break above 1.0941 (5-DMA) could see the pair re-test 1.0971 (23.6% R of 1.1465-1.0817).

Source link  
US Dollar rebounds beyond 94.80

The greenback bounces off lows, approaches 94.90. Yields of the US 10-year note remain sidelined so far. NAHB index came in below expectations in June...

WTI downside opening up to $69.50

Looks vulnerable amid OPEC, non-OPEC output lift talks, stronger USD adds to the weight. Technical set up also indicate further downside risks...

Gold climbs back closer to weekly tops

Dovish FOMC minutes prompt some USD profit-taking and help regain positive traction. Sliding US bond yields/cautious mood provides an additional boost...

Gold eases from 1-month tops

Gold surrendered early modest gains to fresh 1-month tops and is currently placed near session lows, touched in the past hour. Easing fears of a full-blown...

Pound celebrates on positive headlines

Last week a UK government official reportedly signalled that progress had been made on the transition deal. However, unanswered questions have...

Gold weakens farther below $1320 level

Gold continued losing ground at the start of a new trading week and tumbled to fresh session lows, around $1315 in the past hour. Following an early...

Dollar risks getting dumped

While today's US inflation report is getting touted as being key for the short-term direction of travel for global markets, we're a bit more sceptical...

Gold drops to 4-month low

Gold (XAU/USD) hits a four-month low of $1256. 08 today as yield curve continues to collapse on speculation that tax reform would open doors for faster...

Euro approaching the support level

A break of $1.1800 would be technically important. Sterling, like the euro, appears to have traced out a reversal candlestick pattern-shooting...

In the past 24 hours Bitcoin has gained 0.2% and reached $6753.69. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.9545% and is now at $1.164. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 6.23% and is now at $535.086. Have the most popular cryptocurrencies compared online 24/7.

Top Brokers offering Forex Market Analysis

Forex Currencies Forecasts

Top 10 Forex Brokers 2018

# Broker Review
4FIBO GroupFIBO Group80%
9FP MarketsFP Markets70%