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EURUSD Daily Analysis – Monday, August 3
Article By:
ForexCycle
Monday, August 3, 2020 6:31 PM EDT
EURUSD is in consolidation for the uptrend from 1.1168. Range trading between 1.1650 and 1.1908 would likely be seen in a couple of days.
USD Price Outlook: US Dollar Reversal Attempt Eyed Vs EUR & AUD
Article By:
DailyFX
Monday, August 3, 2020 1:29 PM EDT
The US Dollar is coming off its worst month of performance since April 2011 after a 4% slide lower in the DXY Index. USD price action stumbled across major and emerging market currency pairs throughout July, but US Dollar weakness was noteworthy.
The U.S. Economy Is Stronger Than The Eurozone
Article By:
Daniel Lacalle
Sunday, August 2, 2020 1:00 PM EDT
The US is showing resiliency and strength compared with other leading economies. The impact of the Covid-19 crisis is lower in the United States than in Japan, Germany, France, the average of the European Union 27 and the Euro-Area countries.
Forex And Cryptocurrency Forecast For August 3 - 7
Article By:
Roman Butko
Sunday, August 2, 2020 12:56 PM EDT
The U.S. economy is not just in recession. It's flying down at a breakneck speed. The decline in US GDP in the second quarter was the largest ever recorded - minus 32.9%. The reasons for this fall - measures caused by the coronavirus pandemic.