M30 Signal Pvt Ltd, Delhi (2026)

30/09/2022

EUR/USD has bounced over the last hours. However, economists at ING expect the pair to face stubborn resistance around the 0.9850/70 area and move back lower towards 0.95. Noisier period for FX “Short-term interest rate differentials have had little bearing on EUR/USD pricing recently.” “0.9850/0.9870 may prove intra-day resistance for EUR/USD – but high volatility and tighter liquidity mean that we're in a noisier period for FX.” “Ultimately, however, we think the pressure remains for EUR/USD to break below 0.95 later in the year.”

EUR/USD has bounced over the last hours. However, economists at ING expect the pair to face stubborn resistance around the 0.9850/70 area and move back lower towards 0.95. Noisier period for FX “Sh…

30/09/2022

EUR/USD retreats from the short-term key hurdle to snap a two-day uptrend. Market sentiment remains dicey but yields stay firmer amid fears of recession. ECB hawks battle upbeat Fedspeak to defend the recovery despite the energy crisis in the bloc. A firmer US inflation gauge may add strength to the pullback moves. EUR/USD takes offers to renew intraday low around 0.9800 as bulls take a breather after a two-day uptrend around the weekly top....

EUR/USD retreats from the short-term key hurdle to snap a two-day uptrend. Market sentiment remains dicey but yields stay firmer amid fears of recession. ECB hawks battle upbeat Fedspeak to defend …

27/09/2022

GBP/USD has suffered a substantial drop. Economists at ANZ Bank expect the British pound to remain under downside pressure for the time being. EUR/GBP to remain within historical ranges “We expect the GBP to remain under pressure as it trades close to a 40-year low amid USD strength in the near-term.” “EUR/GBP will continue to remain within historical ranges, primarily led by volatility in the EUR.”...

GBP/USD has suffered a substantial drop. Economists at ANZ Bank expect the British pound to remain under downside pressure for the time being. EUR/GBP to remain within historical ranges “We expect …

21/09/2022

The index extends the upside to the vicinity of the 111.00 barriers. The Federal Reserve is expected to hike rates by 75 bps. The focus will be on Chief Powell’s presser and updated economic projections. The buying pressure around the greenback remains well and sound and lifts the USD Index (DXY) to new tops around 110.90 on Wednesday, an area last traded back in June 2002....

The index extends the upside to the vicinity of the 111.00 barriers. The Federal Reserve is expected to hike rates by 75 bps. The focus will be on Chief Powell’s presser and updated economic projec…

21/09/2022

The big FOMC day has arrived. Economists at Société Générale believe that the EUR/USD pair could test the 0.9851 low of 6 September depending on the size of the US rate increase. 100 bps cannot be ruled out “With the Fed likely to act decisively later today, it is not inconceivable that the path has been set for a new low in EUR/USD.”...

The big FOMC day has arrived. Economists at Société Générale believe that the EUR/USD pair could test the 0.9851 low of 6 September depending on the size of the US rate increase. 100 bps cannot be …

20/09/2022

Inflation in Canada declined at a stronger pace than expected in August. USD/CAD trades in positive territory above 1.3300 after the data. Inflation in Canada, as measured by the Consumer Price Index (CPI), fell to 7% in August from 7.6% in July, the data published by Statistics Canada showed on Tuesday. This reading came in lower than the market expectation of 7.3%....

Inflation in Canada declined at a stronger pace than expected in August. USD/CAD trades in positive territory above 1.3300 after the data. Inflation in Canada, as measured by the Consumer Price Ind…

20/09/2022

Housing Starts in the US rose sharply in August. US Dollar Index holds in positive territory above 110.00. The monthly data published by the US Census Bureau revealed on Tuesday that Housing Starts rose by 12.2% in August following July's10.9% contraction. On a negative note, Building Permits declined by 10% in the same period. "Single‐family authorizations in August were at a rate of 899,000; this is 3.5% below the revised July figure of 932,000," the publication read....

Housing Starts in the US rose sharply in August. US Dollar Index holds in positive territory above 110.00. The monthly data published by the US Census Bureau revealed on Tuesday that Housing Starts…

14/09/2022

EUR/JPY adds to Tuesday’s pullback below the 143.00 yardstick. The 138.80 regions should offer decent support near term. EUR/JPY extends the corrective downside for the second session in a row and breaches the 143.00 mark on Wednesday. The ongoing knee-jerk is not surprising considering the bearish divergence in the daily RSI. That said, the continuation of the decline could extend to the 138.80 zone, where the 55- and 100-day SMAs coincide....

EUR/JPY adds to Tuesday’s pullback below the 143.00 yardstick. The 138.80 regions should offer decent support near term. EUR/JPY extends the corrective downside for the second session in a row and …

08/09/2022

EUR/USD keeps the daily range around the parity zone. ECB raised its key rates by 75 bps, matching previous estimates. The ECB now sees the region’s economy expanding by 3.1% in 2022. The single currency now alternates gains with losses and motivates EUR/USD to keep hovering around the parity region after the ECB raised rates on Thursday. EUR/USD now focuses on Lagarde…...

EUR/USD keeps the daily range around the parity zone. ECB raised its key rates by 75 bps, matching previous estimates. The ECB now sees the region’s economy expanding by 3.1% in 2022. The single cu…

05/09/2022

Availability of barricades around 61.8% Fibo retracement has strengthened bearish reversal bets. Declining 20-and 50-EMAs indicates a continuation of the downside move. A break into the bearish range of 20.00-40.00 by the RSI (14) will trigger downside momentum. The AUD/USD pair is displaying topsy-turvy moves in a narrow range of 0.6774-0.6800 in the Asian session. After a gap down open, the Aussie bulls attempted a break above the critical hurdle of 0.6800, however, the risk-off market tone strengthened the greenback bulls....

Availability of barricades around 61.8% Fibo retracement has strengthened bearish reversal bets. Declining 20-and 50-EMAs indicates a continuation of the downside move. A break into the bearish ran…

05/09/2022

EUR/USD has breached the 0.9900 key support for the first time since December 2020, extending its declines amid unrelenting US dollar demand across the board. Risk-aversion bolsters the safe-haven demand for the greenback at the start of the week, despite Friday's mixed US labor market report. The deepening European energy crisis has exacerbated concerns about an imminent global recession, killing the appetite for riskier assets....

EUR/USD has breached the 0.9900 key support for the first time since December 2020, extending its declines amid unrelenting US dollar demand across the board. Risk-aversion bolsters the safe-haven …

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