EUR/USD 1.16201
0.087%
Gold 5195.18
0.064%
Oil 84.442
-0.933%
USD/JPY 158.240
0.128%
GBP/USD 1.34368
0.148%
GBP/JPY 212.630
0.321%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hutchinson Gold Mining Company developed its first copper mine in the first half of its fiscal year, March 11, as it expands into this key metal in the energy transition. The Jordanian-listed gold miner announced that its CSA mine in Australia produced 3,913 tonnes of copper concentrate in the six months ending December. As South Africas largest gold producer, Hutchinson is increasing its investment in copper through two projects in Australia to capitalize on rising copper prices. In addition to acquiring the CSA mine in New South Wales, the company also started construction on the Ewa copper mine in Queensland late last year. In its half-year results released Wednesday, the company stated that gold remains Hutchinsons core business, and the shift to copper allows the miner to benefit from long-term demand for the metal. Hutchinsons gold production in the second half of last year fell 9% to 724,000 ounces compared to the first half of 2025. This was mainly due to mechanical failures at the Hideenwali mine in Papua New Guinea and challenges in obtaining cyanide from its South African operations.French Finance Minister: There will be no revision to the French economic growth forecast at present, and the French economy remains strong.French Finance Minister: G7 leaders meeting will discuss releasing crude oil reserves.Traders have increased their bets on a June rate hike by the European Central Bank, with a 60% probability of such a move.New York silver futures touched $87 per ounce, down 2.90% on the day.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

EUR:USD.png 

 

The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers. 

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.


Suggestion