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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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EURUSD overview 01.03.2021
EURUSD under bearish pressure.
EURUSD under the strong bearish pressure today as the markets failed to be impressed by upbeat euro zone factory activity in February. The relative differential in the efficacy of handling of the Covid-19 epidemic is leading to significant outflows from the euro into the dollar – as the Americans should be able to receive Johnson & Johnson’s COVID-19 vaccine within the next 24 to 48 hours – making it the country’s third available one for the novel coronavirus. The traders are currently focusing on the recovering U.S. economy and the new round of stimulus of President Joe Biden – which should be positive for USD. Investors are also waiting for a speech later this afternoon by President Christine Lagarde, who is under pressure to act against rising yields in the euro zone – which would be bearish signal for EURUSD.
Expect sellers on upward corrections.
Next support to watch – 1.2021
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