EUR/USD tumbles to lows near 1.1770 ahead of ZEW

The selling pressure around the single currency is now gathering fresh traction, dragging EUR/USD to test daily lows in the 1.1770 region. EUR/USD focus on ZEW After advancing to the 1.1830 region late on Monday following a bout of USD-weakness, the pair seems to have


USD/JPY consolidates the recovery below 109.50

Having faced rejection just shy of 109.50 barrier, the USD/JPY pair entered a phase of consolidation, as the bulls take a breather after the overnight rebound from four-month lows of 108.58. USD/JPY: Focus shifts to the Jackson Hole Symposium Despite persistent strength seen in the


US Dollar testing highs near 93.30

After dropping to as low as the 92.90 region on Monday, the US Dollar Index (DXY) has now regained some attraction and is now hovering over the 93.20 region, or daily highs. US Dollar supported below 93.00 The index is picking up pace today following


EUR: Modest reversal lower is likely – HSBC

Analysts at HSBC believe that a modest reversal lower is likely for EUR and are looking for EUR-USD to pull back below support at 1.1600 and perhaps gravitate towards the 50-day MA of 1.1491.  Key Quotes “There may be some intermittent support at 1.1542, the