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EURUSD pair is the most popular forex trading asset, central banks, investment banks, commercial banks, fund managers, corporates, retail traders. Our wave analysts prediction: An acceleration in the upward direction to reach 1. The main fundamentals that impact the Euro dollar pair are changes in overnight interest rates by the Federal Reserve Bank and the European central bank, economic data and politics.
Interest rates are crucial to day-traders because the higher the rate of return, the more interest is occurred and consequently the higher the profit. So the interest rates are viewed with a wary eye as well as the news that are released from the central banks to know more about their future politics. The employment data also impacts the currency market. A strong employment report can raise concerns about tighter monetary policy and forthcoming interest rate increases.
In Europe; the most important economic data comes from Germany, from the euro-wide statistics. Our analysts expect the bearish trend to show down during the year and decline to 1. Check our analysis and wave forecast to know the direction of the trend and support, resistance and rebound areas. The European central bank is the central bank of 19 European countries. Its prime responsibility is price stability which consists of 2 main pillars of monetary policy.
The first one is the outlook for price development and risks of price stability. The second pillar is monetary growth. Its mandate is to maintain price stability by setting key interest and controlling the supply of the Euro common currency. The ECB holds a council meeting every Thursday and monetary policy decision meetings are held every 6 weeks.
The Fed provides a safer, more flexible and more stable monetary and financial system. London and New York are both open during this three-hour window. That means a lot of volume coming in from two major markets, so spreads are typically tightest during this time. Volatility doesn't just change throughout the day, it also fluctuates on longer timelines.
To get a sense of the daily volatility, you can use indicators like the average true range ATR that gauge volatility based on recent periods. When the Federal Reserve raises interest rates , it means that investors can get higher interest payments on U. Investors and traders will view the U. In other words, the euro will lose value compared to the dollar.
Trading Forex Trading. By Cory Mitchell. Cory Mitchell, Chartered Market Technician, is a day trading expert with over 10 years of experience writing on investing, trading, and day trading for publications including Investopedia, Forbes, and others. Learn about our editorial policies. Reviewed by JeFreda R. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career.
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EUR/USD news by market experts at DailyFX. Get ready for your trading day with our technical and fundamental analysis on EUR/USD. Get live updates on the EUR/USD rate with the interactive chart. Read the latest EUR/USD forecasts, news and analysis provided by the DailyFX team. 3 Simple Strategies for Euro Traders · 1. Buy the Pullback or Sell the Pullback · 2. Buy the Breakout and Sell the Breakdown · 3. Enter Narrow Range Patterns.