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USD/EUR Bullish Momentum With A 2% Rise In The Last 10 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.41% for the last 10 sessions. At 16:16 EST on Monday, 30 October, USD/EUR (USDEUR) is $0.94.

USD/EUR’s yearly highs and lows, it’s 6.179% up from its 52-week low and 8.359% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.04%, a negative 0.01%, and a positive 0.29%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.43% (last week), 0.29% (last month), and 0.29% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/EUR’s Forex is considered to be oversold (<=20).

News about

  • Boj: any hawkish surprise May nudge usd/jpy toward 145 – standard chartered. According to FXStreet on Monday, 30 October, "In the absence of policy shifts by the BoJ, we expect USD/JPY to trade slightly north of 150. ", "Conversely, indications of policy tightening at the 31 October meeting - be it jettisoning the negative interest rate policy or YCC - could allow USD/JPY to trade closer to 145 though further upside may be limited by Japan’s stillwide rate differentials with the US."
  • According to FXStreet on Monday, 30 October, "Tuesday sees an important BoJ policy meeting, where we think the risks of a policy adjustment and a softer USD/JPY are under-priced. "
  • Usd/jpy trades with mild positive bias blow 150.00, looks to key central bank meetings. According to FXStreet on Monday, 30 October, "The USD/JPY pair attracts some dip-buying on the first day of a new week and for now, seems to have stalled its retracement slide from the 150.75-150.80 area, or the highest level since October 2022 touched last week. ", "Apart from this, speculations that Japanese authorities will intervene in the FX market to combat a sustained depreciation in the JPY further contribute to capping the USD/JPY pair heading into the key central bank event risks. "
  • Usd/jpy forecast: dips against the lowly yen – 30 October 2023. According to DailyForex on Monday, 30 October, "This bias is reinforced by the attractive interest that traders accrue from holding the USD/JPY pair, a factor that is unlikely to lose its relevance anytime soon. ", "In summary, as long as we remain perched above the ¥147.80 threshold, the USD/JPY market is expected to maintain its bullish bias, with the interest rate differential playing a pivotal role in guiding market dynamics."

More news about USD/EUR (USDEUR).

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