[EUR] Falling Euro 2021 0930

 

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

cf. [EUR] The bearish EURO after FOMC 2021 0923

cf. [EUR] Inflation and Bullish Dollar 2021 0919 https://youtu.be/rlpwVvky3xs

Hello, Gjallarhorn. The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has the short bias on the euro.

The currency pair EUR/USD retreats since September. There were some rebound but it is still on the bearish trend.

The pair broke down below 1.16. The chart supports the short bias on EUR/USD though there will be rebound over 1.16.

As Fed's comments are interpreted as hawkish, the dollar index rose. The dollar index tracking the dollar against the basket of the major six currencies rose 0.75 percent to 94.406 on Wednesday. It has touched 94.431, the record high for 11 months.

The talk about the U.S. government's debt margin in the difficulty and it made the investors get the risk-averse sentiment.

Janet Yellen, the U.S. Treasury Secretary spoke the failure of the negotiation might call the default of the US government for the first time at the parliament committee. She warned the failure might raise the interest rate and the unemployment rate.

Jerome Powell, the Chair of Federal Reserve told the inflation could continue till the next year.

Meanwhile Eurozone also concerns the inflation, it is reported that the tapering is reviewed in Eurzone, too. Whenever the reports on the possible tapering in Eurozone, the euro has risen.

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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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[EUR] The bearish EURO after FOMC 2021 0923

 

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

cf. [EUR] Inflation and Bullish Dollar 2021 0919 https://youtu.be/rlpwVvky3xs

Hello, Gjallarhorn. The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position after the  liquidation watching the market.

The currency pair EUR/USD is on the downward trend. The pair tried to exceed its 20 moving average but failed. It kept the bearish trend and sank as the FOMC meeting conclusion was released.

It fluctuates in the narrow band after FOMC and tries to rebound.

The currency pair EUR/USD tries the rebound around 1.1690~1.1700, and the price band has supported the euro before. And the investors need to know the price has supported above 1.600 for a year. In the last month, the euro succeeded to rebound above 1.670s.

The dollar rose after the FOMC meeting. The Federal Reserve froze the benchmark interest rate, 0~0.25 percent band but hinted the rate hike in the next year or in 2023.

Fed Chair, Jerome Powell spoke the tapering might be active soon but didn't tell the speed of it at the press conference after the FOMC meeting. He told, the tapering would be terminated in the mid 2022. It means, the start time and the speed are already determined but published, the news medias report.

The FOMC froze the benchmark interest rate, Federal Funds Rate but the members anticipated it would be risen in the next year if early. The US economy daily, Wall Street Journal analysed, the Fed begun the tapering and signaled the interest hike in 2022. And it will rise in 2023 without the condition, some analysts think.

The market participants anticipate the tapering will be published in November and active in December.

It is reported, the quicken tapering plan is due to the inflation pressure. The Fed raised its expectation of the core PCE to 3.7 percent from 3.0 percent in the meeting. It is anticipated 2.3 percent in the next year. It exceed the Fed's goal, 2.0 percent.

Meanwhile Eurozone also concerns the inflation, it is reported that the tapering is reviewed in Eurzone, too. Whenever the reports on the possible tapering in Eurozone, the euro has risen.

The ECB president spoke the speed of the purchasing asset would be ease but it didn't mean the tapering ahead of the liquidation of euro-fx.

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

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.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

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http://morgenluft.blogspot.com

#Gjallarhorn, #EUR, #euro, #EURUSD

[Gjallarhorn][EUR] Inflation and Bullish Dollar 2021 0919

[Gjallarhorn][걀라호른][EUR] 인플레이션 압력과 달러 강세 2021 0918

[Gjallarhorn][걀라호른][EUR] 달러 강세로 기우는 시장 2021 0912

[EUR] Awaiting ECB's Decision 2021 0907

 

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

cf. [EUR] Ahead of Non-farm Payrolls 2021 0901

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

The currency pair EUR/USD retreated to 1.1854 on Monday, the US Labor Day, and began to rebound.

It goes toward 1.1880. The currency pair is supported on 20 Moving Average and restrained on the upper band of the Bollinger Bands in the four-hour chart. It can reach 1.1895 if the pair rises to the upper band of the Bollinger Bands in the chart. The investors need to watch whether the channel between the upper and the 20 moving average is still held.

The pair can keep its upward trend though it sinks below the 20 Moving Average. It can be supported on the bottom band and recover its momentum.

The currency pair EUR/USD showed the moderate falling on Monday. It was the US holiday, Labor Day.

As the US Non-farm Payrolls showed the deteriorated job growth on last Friday, the market participants await ECB's meeting on Thursday. It is expected the ECB may show its schedule about the Pandemic Emergency Purchase Program, PEPP.

It is reported the ECB will start slowing down PEPP in the fourth quarter and may not exhaust the whole 1.85 trillion-euro program before it ends next year.

 

On Thursday, ECB policy makers will have to decide when to shift the institution away from its crisis mode. The inflation outlook now warrants stepping back stimulus, with inflation jumping to 3 percent, well above the ECB’s goal. The hawks have been very silent during the crisis phase but now as ‘normality’ is coming back, they could try to convince the doves to slow down the pace of asset purchases. More cautious policy makers will try to keep the focus on the uneven nature of the economic recovery and the risks from the delta strain.

The CPI in Eurozone has risen 3 percent recording high in ten years.

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

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

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.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #EUR, #euro, #EURUSD

[Gjallarhorn][걀라호른][EUR] 유로화의 선택 -상승 지속인가 하락 반전인가 2021 0904