Unfortunately, there are currently no signs that the war momentum in the Middle East will reverse anytime soon. Netanyahu stated that Israel does not seek a prolonged war, but yesterday Trump did not rule out deploying ground troops and this morning said the United States is prepared for a long, victorious war. At present, rising gas prices in particular may pose a serious challenge for Europe and, consequently, for the euro. The chart shows RSI approaching oversold territory, while selling volume clearly dominates.
EURUSD (D1)
Source: xStation5
BREAKING: Another big increase of oil inventories despite Middle East disruption
BREAKING: ISM shows that expansion continues but inflationary pressures surge
BREAKING: U.S. retail sales above expectations! EUR/USD is gaining!
Market Wrap: European stocks join the bullish rally 🚀 Euro Stoxx +3%
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
