[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.

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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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[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.

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