FXTM information and reviews
FXTM
93%
OctaFX information and reviews
OctaFX
92%
XM information and reviews
XM
91%
FXCC information and reviews
FXCC
90%
Libertex information and reviews
Libertex
89%
FxPro information and reviews
FxPro
88%

EUR/USD: Bears remain in control near 1.0500


9 May 2022

EUR/USD keeps the offered stance well and sound on Monday. German 10y bund yields surpassed the 1.15% region, fresh tops. EMU Investor Confidence sank to -22.6 in May. The single currency sees its selling pressure accelerated and drags EUR/USD back to the 1.0500 neighbourhood on Monday.

EUR/USD weaker on USD-buying

EUR/USD resumes the downside following Friday’s inconclusive price action and in response to the firmer note in the greenback, which pushed the US Dollar Index (DXY) to print fresh 19-year highs around 104.20 earlier in the session. Extra weakness in the pair comes amidst a knee-jerk in the German 10y bund yields after hitting fresh tops past 1.16% for the first time since August 2014, while US yields so far perform in a mixed tone.

In the domestic calendar the EMU Investor Confidence tracked by the Sentix Index deteriorated to -22.6 for the month of May. Across the pond, the only release of note will be the Wholesale Inventories, short-term Bill Auctions and the speech by FOMC’s Bostic.

What to look for around EUR

EUR/USD remains under pressure in the 1.0500 region so far. The outlook for the pair still points to the bearish side, always in response to dollar dynamics, geopolitical concerns and the Fed-ECB divergence. Occasional pockets of strength in the single currency, in the meantime, should appear reinforced by speculation the ECB could raise rates at some point around June/July, while higher German yields, elevated inflation and a decent pace of the economic recovery in the region are also supportive of an improvement in the mood around the euro.

#source

Share:


Related

EURUSD is "in the black"
EURUSD is "in the black"

EURUSD is back to growing after Powell calmed investors down.The major currency pair is slowly improving on Thursday. The current quote for the instrument is 1.0495...

23 Jun 2022

The USD is gaining steam again
The USD is gaining steam again

EURUSD couldn’t keep its positive momentum – the asset is retreating. The major currency pair got under pressure again in the middle of the week...

22 Jun 2022

Falling of euro was inevitable
Falling of euro was inevitable

On Tuesday, the EURUSD major remains depressed. Current quote is 1.0420. The main reason for global sales is the fear of increasing recession in the US economy...

14 Jun 2022

EURUSD plunged
EURUSD plunged

EURUSD took a huge hit after the ECB meeting. The major currency pair dropped to its 2-week lows. The current quote for the instrument is 1.0619. The EUR was attacked from...

10 Jun 2022

EURUSD: all eyes on the ECB
EURUSD: all eyes on the ECB

After plunging earlier, EURUSD has reached stability and is ready to move forward. The major currency pair has recovered and is now waiting for signals from the European regulator...

9 Jun 2022

The Euro is avoiding risks
The Euro is avoiding risks

EURUSD had to fall amid global risk aversion. The major currency pair is consolidating on Monday. The current quote for the instrument is 1.0732. The key reason...

6 Jun 2022


HFM information and reviews
HFM
87%
IronFX information and reviews
IronFX
86%
FXCM information and reviews
FXCM
85%
Pepperstone information and reviews
Pepperstone
84%
NordFX information and reviews
NordFX
83%
LegacyFX information and reviews
LegacyFX
82%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.