The Euro rose sharply in then prior week but our technical studies suggest a short-term pullback could be possible ahead of a continuation of any rally.
June 24,2019
The Euro eased back off the week's highs against the Dollar Friday after the influential IHS Markit PMI surveys showed the Eurozone's mighty industrial sector continuing to struggle in June, although the bloc's services remained in rude health this month.
June 21,2019
The Euro has fallen nearly one percent against the Dollar this week but much steeper declines lie ahead according to forecasts from analysts at UBS who're both looking for the single currency to reach a near-three-year low before the end of 2019.
June 20,2019
The Euro faces a long road to recovery against the Dollar even as the outlook for the U.S. currency grows darker by the day, according to multiple analysts, many of whom have written to clients in the last week warning them that the European Central Bank (ECB) could soon bring out the proverbial punch bowl again.
June 18,2019
The Euro-to-Dollar rate is trading at 1.1217 at the start of the new trading week, having fallen 1.1% in the previous week. Studies of the charts suggest the exchange rate is set to go sideways with a marginally bearish bias in the days ahead but the ECB's Sintra event and the Fed's mid-week policy decision should deliver some volatility.
June 17,2019
The Euro continued to languish close to the bottom the G10 league table for 2019 on Friday and could remain there for a while to come if the latest guidance from Credit Suisse is anything to go by, because the bank has told its institutional clients they should keep selling the single currency on rallies.
June 16,2019
The Euro-to-Dollar rate is a likely beneficiary of any decision by the Federal Reserve (Fed) to cut its interest rate and buying it is the second best idea out there right now, according to strategists at Nordea Markets, although analysts at SEB Bank told clients Wednesday to sell the single currency and only one of the two firms can be right.
June 13,2019
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