Recent content by CDO Markets

EUR/USD comes under further downside pressure and rapidly gives away the initial optimism, returning to the mid-1.0800s in the wake of another stellar print from the US jobs report on Friday. It ended the week just below 1.0800, bearish in the daily chart. EUR/USD picks up extra selling pressure...

EUR/USD is taking in the upper quarter of the 1.09 area with printing a high of 1.0985 made so far. The Euro rallied from a low of 1.0852 on the day, completing its daily ATR and bulls keep moving in with eyes on the 1.1000 psychological mark. EUR/USD has rallied as the market jumps on a dovish...

EUR/USD is at a crossroads trading around 1.0865 and slightly up on the day by .015% having ranged between a low of 1.0802 and 1.0874 in what has been a two-way business day ahead of central bank meetings. The Federal Reserve showdown on Wednesday is the first major risk for EUR/USD and then the...

EUR/USD has been sent onto the backfoot as US stocks slide to fresh session lows led by the tech-focused Nasdaq which is down by more than 1% on Monday. At the time of writing, EUR/USD is losing around 0.2% and dropped from a high of 1.0913 to a low of 1.0850 recently printed. It's a big week...

The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on Friday slipped to the 1.0860 region after data from US cemented the case for a 25 bps rate hike by the Fed. At the time of writing, the EUR/USD is trading at 1.0866. Wall Street finished the week with...

The European currency now gives aways some gains after motivating EUR/USD to climb to fresh 2023 peaks near 1.0930 earlier in the session on Thursday. The pair ended the day around 1.0890, still bullish in the daily chart. Despite the current knee-jerk, the yearly rally in EUR/USD remains well...

EUR/USD advances for the third consecutive session and revisits the 1.0860 area amidst alternating risk appetite trends and humble gains in the greenback. The pair ended the week around 1.0855, still bullish in the daily chart. Indeed, the appetite for the risk complex appears somewhat subdued...

Bulls remain in control of the sentiment around the single currency, with EUR/USD charting decent gains above the 1.0830 mark as the NY session draws to a close on Thursday. Indeed, the selling interest around the greenback allows the continuation of the improvement in the risk complex and helps...

The euro is under pressure on Tuesday, under control by bears and falling from a high of 1.0869 to a fresh low of 1.0773. It ended the day around 1.0790 and still bullish in the daily chart. ECB policymakers are starting to consider a slower pace of interest-rate hikes after a likely 50...

EUR/USD gives away some gains and returns to the negative territory following an earlier climb to new highs around 1.0880. It ended Monday at around 1.0815, still bullish in the daily chart. Market participants were still cheering, easing United States price pressures and the possibility of a...

EUR/USD leaves behind the 1.0700 barrier and hit a fresh multi-week high to 1.0750 region on the back of the persevering sell-off in the greenback, which comes with investors’ re-assessment of the potential next steps by the Federal Reserve when it comes to future interest rate hikes. This...

The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across the board following the ISM Service PMI report. The pair rose 1.25% from the daily low and is having the best day in a month. The first leg lower of the US Dollar followed the release of the Nonfarm...

The selling pressure in the Greenback now picks up further pace and drags EUR/USD back to the mid-1.0500s on Thursday, or daily lows. Further downside could retest 1.0520, EUR/USD quickly returned to the negative territory in response to the abrupt uptick in the Greenback, which approaches the...

The Euro (EUR) retraces against the US Dollar (USD) after hitting daily highs of 1.0635 and is dropping after the release of mixed US economic data, slightly boosted the US Dollar and shifting sentiment sour. At the time of writing, the EUR/USD is trading at 1.0616, above its opening price by...

The Euro (EUR) sheds some ground against the US Dollar (USD) on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency on Monday. At the time of writing, the EUR/USD is trading...