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    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

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    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Putin allows Russian banks under sanctions to halt some FX operations

    Putin allows Russian banks under sanctions to halt some FX operations

    South Korea probes $3.1bn crypto-linked forex transactions

    South Korea probes $3.1bn crypto-linked forex transactions

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    Paraguay’s crypto framework one step away from becoming law

    Paraguay’s crypto framework one step away from becoming law

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    Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

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    Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

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    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

  • Commodities
    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Oil prices jump as Middle East violence rattles markets

    Oil prices jump as Middle East violence rattles markets

    Panamanian trade unions reach agreement with government on essential commodities

    Panamanian trade unions reach agreement with government on essential commodities

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Can commodities make a comeback?

    Can commodities make a comeback?

    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

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    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

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    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

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Euro Gains Ground ahead of ECB

Analysts say that the ongoing Brexit discussions and the absence of any positive news from them are also likely to keep the Euro lifted against its UK rival.

poweradmin by poweradmin
September 11, 2020
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In London trade on Thursday, the Euro gained ground against the greenback but currency strategists are wary of any potential move from the European Central Bank. The ECB is due to make an announcement shortly regarding their monetary policy strategy and though analysts polled don’t foresee any immediate changes, what will be crucial is the commentary by the head of the ECB, Christine Lagarde. She will certainly make note of the Euro’s steady rise to a 2-year high, despite lower CPI. While most economists expect a dovish stance from Lagarde, many question the ECB’s ability to actually address the issue, given that their central bank’s toolbox looks quite sparse.

As of 10:53 am in London, the EUR/USD was trading at $1.1836, up 0.26%; the pair has ranged from a low of $1.17971 to a peak of $1.18405. The EUR/GBP was also higher at 0.9092 Pence, up 0.1255% and off the session peak of 0.91040 Pence.

Euro’s Continued Rise Likely

How the ECB will move to curtail the Euro’s strength is at the heart of the matter. The combined response from Eurozone nations to the Coronavirus pandemic has helped to build significant confidence from investors and businesses alike. Analysts say that the ongoing Brexit discussions and the absence of any positive news from them are also likely to keep the Euro lifted against its UK rival. The Pound has been feeling significant pressure on the Brexit issue and has been struggling for traction. Currently, and largely given a weakened greenback, the GBP/USD is trading higher at $1.3023, up 0.2394%.

poweradmin

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