Market Analysis & Technical Outlook (4-Hour Chart) – December 18, 2024
Market Analysis & Technical Outlook (4-Hour Chart) – December 18, 2024 EUR/USD: Strong Sell EUR/USD is trading around 1.0515, showing slight upward movement while maintaining its bullish trend since December 12. Market participants are focused on this week’s key events. European Factors: ECB President Christine Lagarde’s speech is scheduled at 10:30 (GMT+2) today, with attention […]
Key Currency Pairs and Technical Analysis (4-Hour Chart) – December 13, 2024
Key Currency Pairs and Technical Analysis (4-Hour Chart) – December 13, 2024 Market Review EUR/USD – Buy Current Level: EUR/USD is trading near 1.0460, hovering close to its lowest levels since November 26. Eurozone Factors: ECB Rate Decision: Refinance Rate: 3.15% Marginal Lending Facility: 3.40% Deposit Facility: 3.00% (lowest since March 2023). Inflation Forecasts: 2024: […]
Key Currency Pairs and Technical Analysis (4-Hour Chart) – December 13, 2024
Key Currency Pairs and Technical Analysis (4-Hour Chart) – December 13, 2024 Market Overview EUR/USD – Buy Current Level: EUR/USD is trading near 1.0460, hovering around its lowest levels since November 26. Eurozone Factors: ECB Rate Decision: Refinance Rate: 3.15% Marginal Lending Facility: 3.40% Deposit Facility: 3.00% (lowest since March 2023). Inflation Forecasts: 2024: +2.4% […]
Key Currencies and Technical Analysis (4-Hour Chart) – December 11, 2024
Key Currencies and Technical Analysis (4-Hour Chart) – December 11, 2024 Market Overview EUR/USD – Strong Sell EUR/USD is trading near 1.0520 as investors remain cautious ahead of the US inflation data release. Key Economic Indicators (US, November): CPI YoY: +2.7% (previous: +2.6%). CPI MoM: +0.3% (previous: +0.2%). Core CPI YoY: +3.3%. Core CPI MoM: […]
Key Currencies and Technical Analysis (4-Hour Chart) – December 10, 2024
Key Currencies and Technical Analysis (4-Hour Chart) – December 10, 2024 Market Overview EUR/USD – Sell EUR/USD is trading near 1.0555, with the market adopting a cautious stance ahead of tomorrow’s US CPI release (December 13, 15:30 GMT+2). US CPI Forecasts: Annual CPI: +2.7% (previous: +2.6%). Monthly CPI: +0.2% (unchanged). Core CPI (ex-food and energy): […]
Key Currencies and Technical Analysis (4-Hour Chart) – December 9, 2024
Key Currencies and Technical Analysis (4-Hour Chart) – December 9, 2024 EUR/USD – Strong Sell EUR/USD continues a gradual decline, currently testing 1.0535. Last week’s robust US employment data supported the dollar, while the euro remains under pressure. US Employment Data (November): NFP: +227,000 (forecast: +200,000, previous: +36,000). Average Hourly Earnings: +0.4% MoM (forecast: +0.3%), […]
Key Currencies and Technical Analysis (4-Hour Chart) – December 5, 2024
Key Currencies and Technical Analysis (4-Hour Chart) – December 5, 2024 EUR/USD – Strong Buy EUR/USD is attempting a corrective move after a sharp drop earlier this week, currently testing the 1.0525 level. Market participants are focusing on today’s Eurozone retail sales data, though forecasts suggest it may not significantly support the euro. Eurozone Retail […]
Key Currencies and Technical Analysis (4-Hour Chart) – December 4, 2024
Key Currencies and Technical Analysis (4-Hour Chart) – December 4, 2024 EUR/USD – Strong Sell EUR/USD is showing slight upward movement, recovering some of the previous day’s losses. It is currently testing the 1.0510 level as market participants await fresh catalysts. Key focus today includes the release of November Services PMI data for both the […]
Focus on Key Currencies and Technical Analysis (4-hour Chart) – December 3, 2024
Focus on Key Currencies and Technical Analysis (4-hour Chart) – December 3, 2024 EUR/USD – Buy EUR/USD is currently trading near 1.0490, showing a directionless trend. The “bearish” sentiment has gained strength following weak macroeconomic data from the EU and stronger-than-expected data from the US. EU Data: Germany’s Manufacturing PMI decreased slightly from 43.2 to […]
Key Currencies and Technical Analysis (4-hour Chart) – December 2, 2024
Key Currencies and Technical Analysis (4-hour Chart) – December 2, 2024 EUR/USD – Sell EUR/USD is showing a downtrend, continuing the adjustment after last week’s “bullish” trend. Currently, it is testing the 1.0531 level, and investors are focusing on today’s manufacturing PMI statistics from both the US and the Eurozone. Forecast: Germany and Eurozone S&P Manufacturing […]