EUR/USD 1.17631
-0.046%
Gold 4797.17
-1.179%
Oil 86.918
4.789%
USD/JPY 158.936
0.240%
GBP/USD 1.35110
-0.057%
GBP/JPY 214.743
0.181%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Lotte Groups subsidiaries in Malaysia and Indonesia signed a naphtha deal worth RM103 million.The U.S. Geological Survey reports a 5.1-magnitude earthquake 115 kilometers from Miyako City, Japan.April 20th - According to the Fire and Disaster Management Agency of Japans Ministry of Internal Affairs and Communications, as of 6 PM local time on the 20th, Level 4 evacuation orders (out of 5) have been issued for 74,755 households and 156,471 people in four prefectures in Hokkaido and the Tohoku region. A Level 4 evacuation order means that people in the affected areas should quickly evacuate from dangerous locations to safe areas or designated shelters. The Japan Meteorological Agency reported on the 20th that a 7.5 magnitude earthquake struck off the northeast coast of Japan, and a tsunami of approximately 80 centimeters high was observed.A spokesperson for the German Finance Ministry (regarding UniCredit and Commerzbank) stated that the governments position is well-known and unchanged: the federal government supports Commerzbanks strategy of maintaining its independent development. Hostile takeovers are unacceptable.On April 20th, data from the Peoples Bank of China showed that at the end of March 2026, the Shanghai Gold Exchanges Au(T+D) contract closed at 1015.7 yuan per gram, a decrease of 11.1% month-on-month. In March 2026, the Shanghai Gold Exchange traded 5675.4 tons of gold, a decrease of 6.3% year-on-year; the Shanghai Futures Exchange traded 19,000 tons of gold, an increase of 8.8% year-on-year.

The euro gave up all gains against the dollar, and US retail sales were better than expected

Oct 26, 2021 11:05

After climbing to the daily top near 1.1620 on Friday (October 15), the EUR/USD encountered some selling pressure and gave up all the intraday gains, and now it has fallen back to the area below 1.1600 before the weekend.


The euro against the dollar is still restricted to the 1.1620 area


The lack of follow-up to the earlier bullish attempts in the 1.1620 area forced the EURUSD to give up its initial gains and return to around 1.1600.

At the same time, the U.S. dollar remained in a rising range slightly higher than 94.00. Prior to this, US retail sales in September increased by 0.7% month-on-month, and sales other than automobiles increased by 0.8% month-on-month. Both figures were better than expected.

Further US data showed that export prices rose 0.1% month-on-month and import prices rose 0.4% last month. In addition, the New York Fed Index fell to 19.8 this month (previously 34.3).

European reports show that as of September, France's final CPI rose 2.2% year-on-year, while Italy's CPI rose 2.5% over the same period. In addition, the Eurozone trade surplus suddenly shrank to 4.8 billion euros in August.

The level to watch for the euro against the dollar


So far, the euro has remained flat against the US dollar at 1.1597, and is facing the next upward resistance of 1.1624 (week high on October 14), followed by 1.1640 (week high on October 4), and finally 1.1719 (50-day moving average) ).

On the other hand, if it falls below 1.1576 (10-day moving average), the target price will be 1.1524 (the lowest price on October 12, 2021), and then 1.1495 (the highest price on March 9, 2020).

(Daily chart of the euro against the dollar)

Suggestion