EUR/USD: Bulls challenge the 1.0260 area once again – by pabspiovano EURUSD Currencies Majors
German final Manufacturing PMI came at 49.3 in July.The buying interest around the European currency remains well and sound and motivatesEUR/USD trades with gains for the fourth consecutive session at the beginning of the week, although it faces a major resistance around the 1.0260/70 band so far.
In Germany, Retail Sales contracted 8.8% YoY in June, while final figures saw the Manufacturing PMI at 49.3 in July. In the euro area, the Manufacturing PMI also remained in the contraction territory at 49.8, while the Unemployment Rate stayed put at 6.6% in June. Price action around the European currency, in the meantime, is expected to closely follow dollar dynamics, geopolitical concerns, fragmentation worries and the Fed-ECB divergence.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
EUR/USD bulls move out as market correct with a focus on US jobs dataEUR/USD was ending the day higher by some 0.28% following a move from 1.0145 to 1.0254 the high for the day as US stocks headed in for the best month
Consulte Mais informação »
AUD/USD Price Analysis: 50-DMA defends bulls around 0.7000AUD/USD Price Analysis: 50-DMA defends bulls around 0.7000 – by anilpanchal7 AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Consulte Mais informação »
NZD/USD: China Caixin Manufacturing PMI probes bulls around 0.6300NZD/USD struggles to extend the day-start run-up after China flashed softer private activity numbers for July during Monday’s Asian session. Also weig
Consulte Mais informação »
AUD/USD Price Analysis: Bulls are trying to pull away with eyes set on the 0.7000sAUD/USD is setting up for a compelling bullish scenario for the open, although the weekly chart's W-formation offers the risk of a significant reversi
Consulte Mais informação »
Weekly Forex Forecast - AUDUSD, USD/JPY, EUR/USD, GBP/USDStart the week of August 1, 2022 with our Forex forecast focusing on major currency pairs here.
Consulte Mais informação »