EUR/USD tumbles to two-month lows, approaches 1.0500
15.03.2023, 14:42

EUR/USD tumbles to two-month lows, approaches 1.0500

  • US Dollar Index rises 1% even as US yields tumble.
  • Risk-off sentiment dominates Wall Street opening, Dow Jones drops by more than 500 points.
  • EUR/USD suffers worst day in months, tests crucial support area.

The EUR/USD is falling sharply on Wednesday and recently printed a fresh two-month low at 1.0521. It is hovering around 1.0550, after testing a critical level. The US Dollar rocketed as markets tumbled on banking concerns.

USD up on risk aversion, despite yields and data

Economic data from the US came in below expectations, adding to expectations of a softer Federal Reserve. The economic figures are offset by ongoing developments around the banking crisis that crossed the Atlantic on Wednesday.

Fears about the health of Credit Suisse (CS) triggered a sell-off in banking shares across the globe. CS shares are falling 13% in Wall Street; after being down by almost 30%. Its monn shareholder, the Saudi National Bank, ruled out providing more money.

Government bonds are rising considerably, with yields hitting fresh lows. In Wall Street, the Dow Jones tumbles 1.85% and the Nasdaq drops by 1.45%.

ECB Preview: Set for 50 bps rate hike, Lagarde holds the key

In the currency market, the Japanese Yen is the best performer followed by the US Dollar. The Euro is falling against it main European competitors. EUR/GBP dropped to the its lowest level in two months below 0.8730 while EUR/CHF fell toward 0.8700.

The EUR/USD is losing more than 200 pips, on the worst day in months.

So far, EUR/USD’s slide found support at the critical area between 1.0500 and 1.0525, the confluence of previous lows and the 100-day Simple Moving Average. A consolidation below would open the doors to more weakness for the euro.

Technical levels

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik