Market Overview

Midday EURUSD roundup

USD is trading at around 95.10 for DXY, decreasing by 0.3% from the Friday level. EURUSD is trading near 1.1620. At the start of the day it increased to 1.1650 mark, but by the Europe opening it fell below 1.1600 due to the fact that the dollar was demanded on dips to 95.0 on DXY.

Bullish: The growth of the German business climate index to 103.8 from 101.7, the first growth after 9 months of weakening. Powell’s tempered comments, which increased the demand for risks.

Bearish: Support for the dollar on dips to 95.0 by DXY.

Next focus on: U.S. Consumer confidence Indicator will be published at 17:00 on Tuesday.

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