EUR vs USD

monitoring daily rate changes

How's the EURUSD doing?

In summary, the EUR against the USD:

• has appreciated by 0.3% since the last trading session
• has appreciated by 1.3% since last week
• has depreciated by -1.5% since last month
• has depreciated by -1.3% year-to-date

IntroAn exchange rate indicates the value or price of a country’s currency in another currency.

Chart guideHere we monitor the daily dynamics of the EUR vs USD exchange rate. The analysis on why it is changing and what is driving it will follow in the next page.

EURUSD momentum

monitoring the exchange rate trend

Buy EUR or USD on trend?

Investment view

• our current tactical, trend-based view is: overweight the USD

FX trend

• right now, the current EURUSD momentum is negative (falling EUR, rising USD), escaping from range-bound trading (and in fact short moving averages remain stuck in a tunnel)
• in more detail, EURUSD is moving laterally, transitioning in the middle of moving averages that are crossing each other
• in the past 100 days the FX trend moved higher by 1 basis points, reaching 1.16 EUR/USD

IntroMomentum investing is a strategy that involves buying assets that have been performing well and selling those that have been performing poorly, based on the idea that recent trends will continue. This can include crypto currencies and tokens.

Chart guideIn this chart we observe the "dance" of the EURUSD around selected (and unusual) moving averages (MA). By observing where the exchange rate currently stands against some short-term MAs, we can infer the likelihood of a positive vs a negative trend in the future.

Market implicationsThe direction of the current index price vs selected MAs can inform trading decisions on commodities in general.