Usd To Pounds Converter Eurusd_ brace for a big drop in the euro to dollar exchange rate kroner to usd


Usd To Pounds Converter Eurusd_ brace for a big drop in the euro to dollar exchange rate kroner to usd

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EURUSD: Brace for a Big Drop in the Euro to Dollar Exchange Rate

Alessandro Bruno, BA, MA

Profit Confidential


2016-04-27 06:52:27


Usd To Pounds Converter Eurusd_ brace for a big drop in the euro to dollar exchange rate kroner to usd

EURUSD outlook

Usd Eur Graph Dollar rising, may seasonality in play – forextv binary for dummies Binary Encoding Euro trading tad lower ahead of germany’s industrial production data _ investing. com eur to usd exchange rate

EUR to USD exchange rate



Central Bank





oil prices

Higher oil prices and the lack of major changes in economic indicators are putting pressure on the Euro to Dollar exchange rate.


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More Downside for the Euro to Dollar Exchange Rate

The EURUSD outlook has been rising this week, returning to 1,125 after dropping to the lowest level so far this April (around 1,121) at the end of last week. Usd Exchange Rate Calculator There are a number of factors pointing to bullish pressure on the dollar. Convert 1 Aud To Usd With the Fed ending its April meeting today (with a statement expected at 2:00 p. What Is Binary Number System Definition m.), the EUR to USD exchange rate now seems determined to climb toward 1.13.

On the other side of the Atlantic, the European Central Bank (ECB) held its usual press conference pointing to data that still shows slow growth in the eurozone, putting bearish pressure on the euro. Usd Nzd Last week, the ECB’s press conference pushed the EURUSD outlook decisively below 1.13 to reach a new monthly minimum.

But there are two major market movers developing in the United States today. Hkd Usd Orders of durable goods and the consumer confidence report could affect the EURUSD trend. 1 Usd To Sar No major shifts in the Federal Reserve’s interest rate schedule for 2016 are expected. Binary Hexadecimal Converter The Fed has reiterated it will raise rates twice this year, but the conditions have not yet materialized. Binary Code Alphabet Still, the markets are waiting for guidance and they are ready to react to Yellen’s statement, up or down, on a massive scale.

As the U. Euro To Usd Calculator S. Ascii To Binary Converter Federal Open Market Committee (FOMC) wraps up its meeting today, there is an apparent consensus that the Fed will not change rates. Ascii To Binary Converter Meanwhile, analysts suggest that the Fed is unlikely to announce a rate hike until its meeting in June—unless the data on home prices and job numbers trend upward. Exchange Rate Of Usd (Source: “ Is the Fed setting the stage for a June Hike?” CBS News, April 26, 2016.)

There is an expectation that the data will not show any major change, one way or the other. Read Binary File In this case, the markets will push the EURUSD in favor of the euro, given the momentum of the trend over the past few days.

But all eyes are on the two-day FOMC meeting, which ultimately decides the United States’ monetary policy. 1aud To Usd The current 0.5% interest rate should stay the same and indeed, unless there is exceptional data, it is unlikely that the Fed will lift rates at the next FOMC meeting on June 14 and 15. (Source: “ Little Chance (or None) Seen for Fed Rate Hike,” 247WallSt, April 26, 2016.)

Then there is the issue of oil prices. The relationship between the dollar and oil is a good predictor of market trends and it is worth considering this week.

This noted correlation between oil and the dollar is the natural result of the fact that oil, as a commodity, is quoted directly in dollars. The correlation between the U. S. dollar and oil is inverse, meaning that when the dollar goes up, oil prices go down, and vice versa.

Given that oil prices have returned to above $40.00 per barrel, there is bearish pressure on the dollar. Certainly, the bearish pressure on the dollar over the past few days reflects the higher oil prices we’ve been seeing lately. But for how long will this continue?

Overall, the dollar should still prevail over the euro in the EURUSD pairing. The euro sits at zero percent rates, possibly moving to negative territory. These will persist for a long time, given the aggressive stimulus program the ECB and Mario Draghi hope to maintain.

The dollar is simply experiencing a lull while the economy undergoes the process of normalization in U. S. monetary policy. The dollar may lose some of its steam that was pushing it toward parity with the euro for this quarter, but the bullish forecast later in the year, as the Fed applies its inevitable second rate hike, will vigorously push up the dollar in the fourth quarter.

Usd To Pounds Converter Eurusd_ brace for a big drop in the euro to dollar exchange rate kroner to usd

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