EUR/USD attempts a fresh move beyond 100-DMA ahead of German IFO

After yesterday’s sharp retracement, the EUR/USD pair gained some fresh traction on Tuesday and is now making another attempt to break past 100-day SMA. On Monday, the pair did move past the mentioned hurdle by failed to sustain at the higher level and retreated over 50-pips from session tops. The shared currency, however, remained underpinned …

EUR/USD a test of 1.20 still appears elusive – Danske Bank

Senior Analyst at Danske Bank Jens Pedersen assessed the prospects for the pair in the near term. Key Quotes “EUR/USD saw a brief jump above 1.19 on Friday after former national security advisor Flynn said Trump directed him to the Russians”. “We do not expect the cross to make a sustained move above 1.20 this week, …

USD/JPY retreats back below mid-112.00, US ISM PMI ahead

The USD/JPY pair retreated from 1-1/2 week tops and touched an intraday low level of 112.28 in the past hour, albeit has managed to rebound few pips thereafter.  A fresh wave of global risk-aversion trade, as depicted by steep losses across European equity markets and further reinforced by a sharp slide in the US Treasury bond yields, was …

EUR/USD refreshes session lows, slides farther below 1.1900 handle

The EUR/USD pair quickly reversed a spike to session high level of 1.1940, with bears now dragging the pair farther below the 1.1900 handle. The pair stalled its strong up-move from the 1.1800 neighborhood, triggered by the US tax bill vote suspension, and failed to benefit from today’s mostly in-line EZ PMI prints. The pull-back, since the early European …