The European Central Bank (ECB) reaffirms its plans to taper off bond purchases.
ECB will keep on buying 30 billion euros of bonds every month until September-end, following which it’ll trim the amount to 15 billion euros per month starting October and finally stop making new purchases by the end of the year.
The decision comes amid euro-area’s economic rebound, increase in consumer confidence and strengthening corporate lending.
ECB’s stance might be expected to assuage ‘currency war’ fears, as the unwinding of bond purchases could potentially limit the euro’s slide or even bolster its value.
The Stochastic Oscillator for EURUSD moved into overbought territory on May 03, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EURUSD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
EURUSD broke above its upper Bollinger Band on April 23, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EURUSD's RSI Oscillator exited the oversold zone, of 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 01, 2024. You may want to consider a long position or call options on EURUSD as a result. In of 141 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for EURUSD just turned positive on April 20, 2024. Looking at past instances where EURUSD's MACD turned positive, the stock continued to rise in of 106 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 241 cases where EURUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows