MarketPulse | Aug 15, 2018 08:02AM ET
EUR/USD has posted small losses in the Wednesday session. Currently, the pair is trading at 1.1316, down 0.15% on the day. On the release front, there are no major eurozone events. In the U.S. today’s key indicators are retail sales reports. The markets are bracing for a downturn in the July data, with retail sales expected to dip to 0.1% and core retail sales forecast to drop to 0.3%.
The U.S dollar continues to make headway against the euro, as the pair is again below the 1.14 line. Currently, EUR/USD is trading at its lowest level since June 2017. The continuing chatter over trade war tensions between the U.S and its major trading partners has had a negative impact on the risk appetite and boosted the U.S dollar. Ironically, President Trump has continually complained about the strong dollar and his comments have weighed on the dollar, but only brief spells. Investors have let the booming US economy do the talking, rather than the ominous sounds of the President’s tweets.
EUR/USD Fundamentals
Wednesday (August 15)
Thursday (August 16)
*All release times are DST
*Key events are in bold
EUR/USD for Wednesday, August 15, 2018
EUR/USD for August 15 at 7:40 DST
Open: 1.1409 High: 1.1430 Low: 1.1309 Close: 1.1316
EUR/USD Technical
S1 | S2 | S1 | R1 | R2 | R3 |
1.0951 | 1.1119 | 1.1312 | 1.1434 | 1.1553 | 1.1637 |
EUR/USD has shown limited movement in the Asian and European sessions
Further levels in both directions:
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