logo |

資訊

    首頁   >     行業    >     GOLDWELL    >     正文

    GOLDWELL:Daily Market Recap – EURUSD Euro stable against the dollar over the week

    摘要:The EURUSD has been stalling last week after climbing back to its February high of around 1.2243.

    The EURUSD has been stalling last week after climbing back to its February high of around 1.2243. The euro temporarily broke above that resistance on Tuesday, but quickly fell back below it.

    The Forex market was much less 'taken away than the bond markets and the stock market indices last week as spreads on the dollar remained modest despite a flurry of figures which were considered to be real market movers.

    The PCE inflation figures for the US on Friday showed that the rate of inflation increased by +0.6% sequentially to reach +3.6% (and +3.1% excluding energy and food), levels not seen in 30 years.

    In addition, consumer spending in the US rose by 0.5% in April compared to the previous month, according to the Commerce Department, an increase higher than the +0.1% to +0.2% expected.

    This is a solid spending figure even as incomes fell by 13.1% but it is a slightly smaller drop than the one expected by economists on average (-14%). The Chicago PMI came in much stronger than expected at 75 versus a consensus of 68 and consumer sentiment came in as expected at 83.

    The Euro has not been affected by the poor French statistics, however. GDP growth was first expected at +1.5% in the Q1 (which should have erased the -1.5% of the previous quarter), then revised to +0.4%, it finally comes out negative by -0.1%.

    And the second quarter is not off to a strong start, with the April confinement resulting in a drop in French household consumption expenditures (-8.3% in volume compared to March).

    Consumer prices rose by 1.4% in May 2021, after an annualized inflation rate of +1.2% observed the previous month, according to the provisional one-year estimate made by INSEE at the end of the month.

    From a technical perspective, the outlook for the EURUSD is bullish as long as it remains above its support at 1.2160. A decline below the bullish oblique that runs through the April and early May lows would be a first bearish signal, but a continuation of the decline below the support at 1.2160 would open the way for a retracement to the May 13 low at about 1.2050 or even the symbolic threshold at 1.20.

    image.png

    (Chart Source: Tradingview 30.05.2021)

    Conversely, a break above the recent high at around 1.2243 would strengthen the bullish outlook and pave the way for a continuation of the trend to the January high at around 1.2350. Traders should keep an eye on the price action towards the 1.216 channel and consider entering short positions as the EURUSD crosses below the area between its 20 days MA and the 0.382 Fibonacci retracement level.

    Support & Resistance Levels:

    R3 1.2550

    R2 1.2340

    R1 1.2262

    S1 1.2160

    S2 1.2000

    S3 1.1985

    Disclaimer: This material has been created for information purposes only. All views expressed in this document are my own and do not necessarily represent the opinions of any entity.

    Hong Kong Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    當前匯率  :
    --
    請輸入金額
    Hong Kong Dollar
    可兌換金額
    -- United States Dollar
    風險提示

    外匯天眼資料均來自各國外匯監管機構的官方資料,如英國FCA、澳大利亞ASIC等,所公佈的內容亦均以公正、客觀和實事求是為宗旨,不向外匯交易平臺收取公關費、廣告費、排名費、資料清洗費等灰色費用。外匯天眼會盡最大努力保持我方資料與各監管機構等權威資料方資料的一致及同步性,但不承諾與其即時保持一致和同步。

    鑑於外匯行業的錯綜複雜,不排除有個別外匯交易商通過欺騙手段獲得監管機構的合法註冊。如WikiFX所公佈數據與實際情況有不符之處,請通過WikiFX“投訴”和“糾錯”功能,向我們提出,我們將及時進行核實查證,並公佈相關結果。

    外匯、貴金屬和差價合約(OTC場外交易)是槓桿產品,存在較高的風險,可能會導致虧損您的投資本金,請理性投資。

    特別提示,外匯天眼所列資訊僅供參考,不構成投資建議。外匯平臺由客戶自行選擇,平臺操作帶來的風險,與外匯天眼無關,客戶需自行承擔相關後果和責任。