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The Russian attack on Kyiv, Ukraine, has killed two people and injured six.On August 20th, the Ukrainian Air Force posted on social media that Russia had launched a new round of ballistic missile attacks against Ukraine, with Russian ballistic missiles moving towards the capital, Kyiv. Around midnight, the Ukrainian Air Force issued a warning that multiple ballistic missiles were heading towards Kyiv from Chernihiv and Poltava regions. Subsequently, several loud explosions were heard in Kyiv, followed by a brief power outage in the Dnieper district. Prior to this, two rounds of strong, continuous explosions had already been heard in Kyiv. As of now, the air raid warning for Kyiv remains in effect.On August 20th, the Ukrainian Air Force posted on social media that the Russian military had launched a new round of ballistic missile attacks against Ukraine, with Russian ballistic missiles moving towards the capital, Kyiv. Around midnight, the Ukrainian Air Force issued a warning that multiple ballistic missiles were heading towards Kyiv from Chernihiv and Poltava regions. Subsequently, Xinhua News Agency reporters heard multiple loud explosions in Kyiv, followed by a brief power outage in the Dnieper district where the reporters were located. Prior to this, reporters had heard two rounds of loud, continuous explosions in Kyiv. As of press time, the air raid warning for Kyiv had not been lifted.On August 20th, local time, on the afternoon of August 19th, US President Trump, when answering media questions at the White House about how he would sanction Iran, stated, "We have many areas we can sanction, we have very strong sanctions in our hands, and well see." Earlier that day, Trump had also told the media that negotiations with Iran might resume "at some point," but Iran must completely abandon its nuclear weapons. Trump also reiterated that the US "owns" and "completely controls" the Strait of Hormuz, and said that Irans "occasionally launching drones does cause trouble." On August 18th, Trump stated on social media that there were currently no talks or dialogues with Iran. Previously, he had consistently insisted that the US was negotiating with Iran, but this had been repeatedly denied by Iran.On August 20th, Michael Peterson, CEO of the Peter G. Peterson Foundation, commented on the rising debt problem from the perspective of the cost of living—an issue that has become a focal point of the upcoming midterm elections. In a statement, Peterson said, "The more debt we take on, the higher the interest costs we have to pay, and now interest payments even exceed defense spending." He continued, "Every trillion dollars we add to our debt pushes up interest rates and inflation, increasing the burden on mortgages, auto loans, and credit card bills for all Americans. At the same time, debt also hurts economic growth, slowing wage growth as the cost of living continues to rise."

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.


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