EUR 06 (Sep 12 - Dec 23)

Re: EUR 06 (Sep 12 - June 19)

Postby winston » Mon May 20, 2019 12:32 am

EUR/USD: 1.11573 versus 1.1174

After moving up to the 50 day MA, the euro has slid back down near the April low.

Historical: Back into the 6-month range formed after the euro sold off from the early 2018 peaks after a week below it.

Source: Investment House
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Re: EUR 06 (Sep 12 - June 19)

Postby winston » Mon Jun 03, 2019 8:07 am

EUR/USD: 1.11685 versus 1.11391

As anticipated, the euro bounced off support just over 1.10.

The key test is the 50 day MA at 1.121.

Historical: Back into the 6-month range formed after the euro sold off from the early 2018 peaks after a week below it.

Source: Investment House
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Re: EUR 06 (Sep 12 - June 19)

Postby winston » Mon Jun 10, 2019 8:47 am

EUR/USD: 1.13326 versus 1.12776

Euro screamed upside Monday, Thursday, and Friday, breaking through the 200 day SMA on the Friday close.

That is the first close over the 200 day MA since January, indeed, the first time it moved over that level since January.

Source: Investment House
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Re: EUR 06 (Sep 12 - June 19)

Postby winston » Sun Jun 16, 2019 9:33 pm

EUR/USD: 1.13326 versus 1.12776

Euro screamed upside Monday, Thursday, and Friday, breaking through the 200 day SMA on the Friday close.

That is the first close over the 200 day MA since January, indeed, the first time it moved over that level since January.

Source: Investment House
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Re: EUR 06 (Sep 12 - June 19)

Postby winston » Mon Sep 28, 2020 7:22 am

ECB policymaker worries about euro strenght

A recent strengthening in the euro’s exchange rate is a worry and will warrant a reaction from the European Central Bank if it drags inflation farther away from its goal, ECB policymaker Ignazio Visco said on Sunday, Reuters reports.

Visco also denied ECB policymakers were divided on the matter and said his views echoed those of the executive board.

“The euro’s recent strengthening is worrying us because it generates further downward pressures on prices at a time when inflation is already low,” Visco, Italy’s central bank governor, told an event in Trento.

“The monetary policy implications are obvious: if the downward pressures jeopardise our price stability objective, we’ll have to intervene.

“If, however, opposite effects were to emerge, the measures we’ve already taken could suffice.”

The euro hit its highest level since mid-2018 on September 1 at US$1.2011, but has since given up half of its gains for the year, closing at US$1.1630 on Friday amid a new surge in coronavirus cases in Europe.

Source: The Standard

https://www.thestandard.com.hk/breaking ... o-strenght
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Re: EUR 06 (Sep 12 - Dec 20)

Postby winston » Fri Nov 20, 2020 7:24 am

Euro outpaces US dollar in spending

The euro was the most used currency for global payments last month.

It was the first time it outpaced the dollar since February 2013, according to the Society for Worldwide Interbank Financial Telecommunications.

About 37.82 percent of the Swift cash transfers were handled in euros last month - the largest portion since February 2013. This was an increase of more than 6 percentage points from the end of last year.

The US dollar's usage fell about 4.6 percentage points from December to 37.64 percent of transactions last month. The dollar peaked at 45.3 percent in April 2015.

The British, Japanese and Canadian currencies together held 12.25 percent of transactions in October.

The yuan's share fell to 1.66 percent of transactions in its worse showing since April.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... n-spending
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Re: EUR 06 (Sep 12 - Dec 20)

Postby behappyalways » Wed Jul 06, 2022 6:04 pm

"Parity Is Just A Matter Of Time Now": Euro Crashes To 20 Year Low As Recession Reality Trounces ECB Rate Hike Delusions
https://www.zerohedge.com/markets/parit ... s-ecb-rate
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Re: EUR 06 (Sep 12 - Dec 23)

Postby behappyalways » Tue Jul 12, 2022 6:41 pm

Euro Tumbles To Dollar Parity For First Time Since 2002
https://www.zerohedge.com/markets/euro- ... -time-2002
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Re: EUR 06 (Sep 12 - Dec 23)

Postby winston » Fri Jan 20, 2023 9:47 pm

not vested

This Major Currency’s Rally is About to End

by Brett Eversole

The euro crashed for most of 2022. But its double-digit rise in recent months has caught the eye of futures traders. And they have gotten extremely bullish as a result.

History shows the currency could rally for a while longer… But it also shows most of the gains have likely already happened. And there’s a good chance the euro will be lower in a year than it is today.


Source: DailyWealth.com

https://dailytradealert.com/2023/01/20/ ... ut-to-end/
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Europe - Economic Data & News 14 (Sep 20 - Dec 23)

Postby behappyalways » Mon Jun 26, 2023 10:10 am

Euro Slides As European PMIs Signal End Of Economic Rebound
https://www.zerohedge.com/markets/euro- ... ic-rebound
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