[EUR] Ahead of Non-farm Payrolls 2021 0901

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] Risk-on Sentiment 2021 0826

Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss.

The rising currency pair EUR/USD retreated and is supported above 1.18 in the Asian session. And it is still above 20 Moving Average in the four-hour chart. It broke above 20 Moving Average and approaches to the upper band of Bollinger Bands in the daily chart though the correction. And the investors still expect the bullish euro against the dollar in short-and-mid term.

The 120 Exponential Moving Average in the daily chart is 1.1894 and the price is 1.1799 now.

As Fed Chair Jerome Powell told the tapering would be decided by the Non-farm Payrolls at the Jackson Hole Symposium, the investors watch the market awaiting the Non-farm Payrolls on Friday. The dollar moved in the narrow band.

 

Dollar Index tracking the greenback against the currency basket of major six currencies was 92.675 on Tuesday, and Dollar Index Futures is 92.763 or 0.14 percent rising as of 02:23(GMT). 

The currency pair EUR/USD edged high because the CPI in Eurozone rose 3 percent recording high in ten years. The market expected 2.7 percent increasing.

European Central Bank (ECB) policymaker Klass Knot signaled that the central bank might start reducing the pace of the Pandemic Emergency Purchase Program (PEPP) as reported by Reuters.

Investors turn their attention to German Retail Sale data, US ADP Employment, and ISM Manufacturing Purchasing Managers Index (PMI) data to take trade insight. 

The head of foreign exchange strategy at EBC, Eric Breger diagnosed the euro might rise again if the Non-farm Payrolls would be disappointed. He added the disappointed Payrolls would support the dovish Fed.

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[EUR] Risk-on Sentiment 2021 0826

EUR/USD four-hour chart, source:FXDD.com

 

cf. [EUR] Ahead of the Release of FOMC Meeting Minutes 2021 0818

cf. [EUR] Rebounding EURO II 2021 0804

Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss.

One of the major currency pair EUR/USD reached the downward trend line and resistance line in the four-hour chart. The pair attempts to exceed the line and the 120 exponential moving average. If the attempt succeeds, the traders may expect the trend change to bullish trend of the euro.

The falling euro was supported on 1.1650s last week. The traders need to watch the euro rebound from 1.1650s or it sinks under the 1.1650s.

The Dollar Index tracking the greenback against a basket of major six currencies edged high 0.08% to 92.903 as of 03:00(GMT).

But the risk-on sentiment raised the risky asset. The yield of the US 10-y Treasury Note rose to 1.30 percent band. The expectation of postponing tapering because of the delta-variation proliferationraised the yield, news medias reported.

The news of FDA's approval about Pfizer made the investors' risk-on.

Market participants await the speech of Fed Chair Jerome Powell at Jackson Hole symposium for clues on an asset tapering timeline. It's reported, the investors thought Jerome Powell would not support the explicit signal of the tapering.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

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[Gjallarhorn][걀라호른][EUR] 유로가 주고 있는 희망고문 2021 0821

[EUR] Ahead of the Release of FOMC Meeting Minutes 2021 0818

 

cf. [EUR] Rebounding EURO II 2021 0804

cf. [EUR] Rebounding EURO 2021 0728

Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss.

The major currency pair EUR/USD retreated since this Monday. The worse economy score in US raised the currency pair last week, but these devalued the euro this week contrariwise. 

The US Core Retail Sales month over month released on Tuesday hit -0.4% worse than market expectation 0.2% and the previous 1.6%. The Retail Sales month over month was -1.1% worse than the market expecation, -0.2% and the previous 0.7%. This time it summoned the risk-off sentiment again, and the dollar rose.

Ahead of the release of FOMC Meeting Minutes, it is reported the risk-averse sentiment and the concern of the tapering support the greenback. And the proliferation of delta variation and Taliban's takeover Afghanistan supported the rising dollar, too.

The currency pair EUR/USD retreated and is in correction as the week began. The pair is supported on 20 Moving Average in the four-hour chart, around 1.1763 when Europe session begins, Tuesday. The EUR/USD reached 20 Moving Average in the daily chart, but it stepped down.

There aren't explicit patterns and signals in the charts, and the traders need to be interested in the economy news and the pandemic news as well as watching the chart.

The market participants expected the US economy's recovery, and they concerned the Fed's action such as the tapering, the hike of the benchmark interest rate. 

An expert diagnosed, as the global risk increases the dollar rises.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

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[Gjallarhorn][걀라호른][EUR] 반등을 모색하는 유로 2021 0814

[EUR] Rebounding EURO II 2021 0804

EUR/USD four-hour chart, source:FXDD.com

 

cf. [EUR] Rebounding EURO 2021 0728

Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss.

The rising EUR/USD retreated. The pair rose along the upper band of Bollinger Bands fell to the bottom band in three hours in the one-hour chart. But it sidles around the upper band in the daily chart.

It rebounds from the bottom band after the correction in the four-hour chart. It fluctuates around 20 Moving Average in the chart, and it is expected to reach the upper band or 1.1895 in the four-hour chart.

The Dollar Index tracking the greenback against the currency basket of six major currencies fell 0.01 percent to 92.052. 

The US Treasury yields is stable after flowing downward. The market participants think it shows the recovery of US economy has passed the peak and the greenback gained.

The proliferation of the delta variation still makes the investors concern, and the dollar rebounded again. The spread of COVID-19's delta variation in US raised the infection cases as  that in last February. The blockade in US has less possibility and it controls the market's panic.

And the US Non-Farm Payrolls is released at 12:30(GMT), Friday. The markets expect some 870-thousand increase and 850 thousands in previous release. It is one of the powerful event, the traders need to deal more carefully.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

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Telegram broadcasting - t.me/gjallarhorn_report

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#Gjallarhorn, #EUR, #euro, #EURUSD