Fundamental view: The Euro could not manage against the greenback last week and forecasted a bearish trend. US Empire State Manufacturing Index on 17th Aug and Europe Current Account, Final CPI yearly on 19th Aug favored uptrend for the pair whereas US NAHB Housing Market Index on 17th Aug, Europe German Flash Services PMI and [...]
Fundamental view: The Euro initially fell in the week initially but managed to overcome and formed a slightly bullish candle first and a bullish rally continued till the week. US Unemployment Claims bearish moment on 13th August created a bearish atmosphere for the pair whereas US JOLTS Job Openings on 10th August, Europe ZEW Economic [...]
Fundamental view: Last week the Euro followed bullish rally until Non-Farm Payroll announcement came out on Friday which changed the trend drastically. US Final Manufacturing PMI on 3rd Aug, US ISM Non-Manufacturing PMI on 5th Aug, and USD Non-Farm Employment Change 7th Aug created a bearish environment for the pair whereas Italian Industrial Production monthly [...]
Fundamental view: Fed Announcement at Jul 28 and US CB Consumer Confidence at Jul 28 and EU Prelim Flash GDP at Jul 31 pushed for a bearish trend for the pair whereas German Buba Monthly Report at Jul 27 and US Advance GDP quarterly report at Jul 30 supported Euro and created a bullish trend [...]
