#@r.1.1111

[banyun-gong]

ℝ𝕚𝕟𝕒 桃園娜美 (@r.1.1111)_777x1100_449

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[its-veso]

EUR/USD enjoys the calm before the storm

EUR/USD has been ticking higher as attention moves away from Europe.

German inflation and the Fed decision are eyed for action.

Tuesday’s four-hour chart is showing an improving environment for the bulls.

When Europe is out of the news – EUR/USD[1] rises – and not for the first time. The common currency has been grinding its way higher as the old continent is out of the limelight and as markets focus on Boris Johnson’s Brexit[2], US-Sino talks, and the Federal Reserve

This phenomenon may be explained by the euro zone’s trade surplus and the American trade deficit which supports a higher EUR/USD exchange rate. Importers and exporters are now having their say as speculators – usually dominating price action – are moving their focus elsewhere.

The main attention grabber is UK PM Boris Johnson’s “turbo-charging” of preparations for leaving the EU without a deal and his refusal to meet his European peers if they maintain their rejection to renegotiate the Brexit accord. While the eurozone is also set to suffer from a hard Brexit, the economic damage to the UK will likely be far greater. The pound is crashing while the euro ignores.

Another reason for the calm comes from the Federal Reserve. The world’s most powerful central bank’s decision is due out on Wednesday and investors are refraining from taking risks at this point. The Fed is set to cut interest rates for the first time since the crisis but signal that no further action is due. EUR/USD is trading quietly ahead of the explosive event.

See Fed Preview: The currencies to trade in each of these four scenarios[3]

Tension also surrounds US-Sino trade talks. High-level officials are meeting in Shanghai for the first time since early May. However, officials from the world’s largest economies have lowered expectations for an imminent breakthrough.

There is one significant event in the eurozone today – preliminary German inflation figures for July – that feed into Wednesday’s all-European number. However, it is important to note that the data come out after last week’s European Central Bank meeting and are thus of lower interest than usual.

Later in the US, the Core Price Consumption Expenditure (Core PCE) is set to show a minor acceleration in inflation. This indicator is the Fed’s preferred gauge of inflation, but it lags others. The Conference Board’s Consumer Confidence figure is also of interest.

See US Conference Board Consumer Confidence Preview: Happiness is relative or are your relatives happy?[4]

All in all, the calm before the Fed[5] storm may allow for further EUR/USD advances.

EUR/USD Technical Analysis

Momentum on the four-hour chart has turned positive and the Relative Strength Index has stabilized – both implying further small gains. However, the world’s most popular currency pair must cross the 50 Simple Moving Average – at 1.1170 at the time of writing – to convince more buyers to jump in.

Some resistance awaits at 1.1150 which has capped the pair this week. Above 1.1170, resistance awaits at Thursday’s post-ECB peak of 1.1190. Next, we find 1.1240.

Some support awaits at 1.1125, which was a swing low last week. It is followed by the double-bottom of 1.1111 and by the 2019 trough of 1.1101.

Get the 5 most predictable currency pairs[6]

References

^ EUR/USD (www.fxstreet.com)

^ Brexit (www.fxstreet.com)

^ Fed Preview: The currencies to trade in each of these four scenarios (www.fxstreet.com)

^ US Conference Board Consumer Confidence Preview: Happiness is relative or are your relatives happy? (www.fxstreet.com)

^ Fed (www.fxstreet.com)

^ Get the 5 most predictable currency pairs (www.forexcrunch.com)

from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/lKDgrM5dHag/

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[buzzerbeautube]

ℝ𝕚𝕟𝕒 桃園娜美 #臺灣 #TWN #r.1.1111 Instagram 👉 @r.1.1111 https://www.instagram.com/r.1.1111 —— 更多 #Instagram美女 #TikTok正妹 請訂閱 🔔 吹水：正妹頻道 @BuzzerBeautube https://t.me/BuzzerBeautube

[its-veso]

EUR/USD looks ready for fresh lows

EUR/USD has been struggling after upbeat US data.

Traders are gearing up to a hectic week in the US and also in Europe.

Monday’s technical chart is pointing to further losses for EUR/USD.

When a currency pair is unable to recapture its previous support line – it has one direction – down. EUR/USD[1] has been sliding once again after failing to extend its post-Draghi bounce. The main driver for the recent downfall has been the upbeat US Gross Domestic Product (GDP) report on Friday. The world’s largest economy reported an annualized growth rate of 2.1% in the second quarter – above expectations. Moreover, economists were pleased that the US consumer drove the economic expansion in the spring after a slowdown earlier.

The upbeat US economic figures have reduced expectations for significant monetary stimulus from the Federal Reserve. The Fed is set to cut interest rates on Wednesday – for the first time since the crisis – but this move will probably be a one-off and not the beginning of an easing cycle. Markets priced in a long cycle of rate reductions and are now paring these expectations.

The Fed’s moderate easing contrasts rising expectations from the European Central Bank. The ECB refrained from any action on Thursday but laid the ground for announcing a significant “package” in its September meeting. The euro ended Thursday on a higher note but has been retreating since then.

Trade tensions between Europe and the US are mounting after French President Emmanuel Macron signed into law a “digital tax” on technology companies – primarily American ones. President Donald Trump has responded by threatening to slap a tariff on French wines and other European products.

In the meantime, face to face trade talks between the US and China are resuming today in Shanghai – for the first time since May. Both sides have only held phone conversations since Trump, and his Chinese counterpart Xi Jinping agreed on a “trade truce” in late June. Any headlines coming out for the meeting may move markets.

The economic calendar[2] features few events today, leaving traders to follow political developments and speculate on the Fed[3] decision. Other notable events are the US Non-Farm Payrolls[4], euro-zone inflation, and EZ GDP.

EUR/USD Technical Analysis

Momentum on the four-hour chart remains to the downside, and EUR/USD continues trading below the 50, 100, and 200 Simple Moving Averages – all bearish signs. The Relative Strength Index (RSI) is leaning lower and remains outside the oversold territory. As mentioned earlier, the currency pair’s failure to recapture the lowest support line at 1.1195 is also a sign that further falls are on the cards.

Initial support awaits at 1.1111, which was a low point on Friday. Thursday’s fresh two-year low of 1.1101 is next down the line. Even lower, 1.1025 and 1.0900 are support lines dating back to 2017.

Looking up, some resistance awaits at 1.1155, which held EUR/USD down last week. The swing high of 1.1190 is the next line to watch. Far higher, 1.1245 worked as both support and resistance earlier in July.

References

^ EUR/USD (www.fxstreet.com)

^ economic calendar (www.fxstreet.com)

^ Fed (www.fxstreet.com)

^ Non-Farm Payrolls (www.fxstreet.com)

from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/sOI-pzf3FlM/