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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 27.07.2021
EURUSD rises on dollar outflows.
EURUSD under the bullish pressure today driven up by the U.S. dollar outflows after US Durable Goods Orders missed estimates with +0.8% in June. The report showed that orders were up 0.8% in June, much worse than the 2.1% expected. The core reading, Nondefense Capital Goods Orders ex Aircraft, surged 0.5% in the same month, also missing the market’s expectations. This led to the knee-jerk outflows from the U.S. dollar. The USD continues to weaken against its rivals after this data and the pair is expected to continue to rise ahead of this week’s U.S. Federal Reserve meeting which should provide clues on when the central bank might rein in its easy monetary policies.
Expect buyers on downward corrections.
Next resistance to watch – 1.1830
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