The EUR/USD plummeted to 1.0487 on Wednesday, its lowest since early March, as investors continued to seek refugee in the US Dollar. Financial markets
price index rose by 3.9%, down from the July rate of 4.3%, while the monthly increase printed a modest 0.1%.
The macroeconomic calendar will offer some interesting figures next week, starting with the September US ISM Manufacturing PMI. S&P Global will also release the September Manufacturing PMIs for the EU and the US. Later in the week, S&P Global will publish the Services and Composite PMIs for both economies, while the US will unveil the official ISM Services index.
, in the meantime, keep heading south below their midlines, with the Relative Strength Index indicator currently at 37.shows bears retain control, with the ongoing advance understood as a mere correction. The 20 SMA offers a sharply bearish downward slope far below the longer moving averages and provides dynamic resistance at 1.0665. At the same time, the Momentum indicator resumed its decline within negative levels, although it remains stuck within familiar levels.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/USD Forecast: Encouraging US data refreshes US Dollar demandThe EUR/USD pair recovered some ground on Thursday after bottoming at 1.0487 on Wednesday, its lowest since December 2022. Financial markets are stil
Leer más »
EUR/USD Forecast: A soft German inflation reading could limit Euro's correctionEUR/USD dropped below 1.0500 on Wednesday and came within a touching distance of the 2023-low of 1.0483. Early Thursday, the pair seems to have stabil
Leer más »
EUR/USD Forecast: Buyers could remain interested if Euro clears 1.0600EUR/USD reversed its direction and after dropping below 1.0500 on Thursday and closed the day in positive territory for the first time since September
Leer más »
EUR/USD Gets a Reprieve with the Dollar on Offer TodayEURO Bulls spur on recovery attempt ahead of key risk events tomorrow which could send EURUSD back toward the YTD low. Will the move prove sustainable?
Leer más »