{"id":154398,"date":"2019-08-29T07:30:33","date_gmt":"2019-08-29T11:30:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154398"},"modified":"2019-08-29T06:54:26","modified_gmt":"2019-08-29T10:54:26","slug":"eurusd-pair-consolidating-within-the-range-from-the-16th-of-august","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurusd-pair-consolidating-within-the-range-from-the-16th-of-august\/","title":{"rendered":"EURUSD: pair consolidating within the range from the 16th of August"},"content":{"rendered":"<div id=\"inves-3487415346\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 29, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alpari.com<\/a><\/strong><\/p>\n<div class=\"-cms-content analytics-reviews-category-review-article__review\">\n<div>\n<p>On Wednesday the 28<sup>th<\/sup> of August, trading on the EURUSD pair closed slightly down. Movements on the pair were almost identical to Tuesday\u2019s. The bar pattern from Tuesday has been copied and superimposed over Wednesday\u2019s on the chart. We can see the euro dropping from 1.1098 to 1.1073.<\/p>\n<p>Yesterday\u2019s biggest loser was the pound, which slumped following UK Prime Minister Boris Johnson\u2019s decision to prorogue parliament. The order has received royal assent from the Queen. According to the official order, parliament must be suspended no earlier than Monday, the 9<sup>th<\/sup> of September, and reconvene on the 14<sup>th<\/sup> of October. This move did not go unnoticed by Donald Trump, who commended Johnson from his Twitter account.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>10:55 Germany: unemployment rate (Aug).<\/li>\n<li>12:00 Eurozone: consumer confidence (Aug), business climate (Aug), industrial confidence (Aug), economic sentiment indicator (Aug).<\/li>\n<li>15:00 Germany: harmonised index of consumer prices (Aug).<\/li>\n<li>15:30 Canada: current account (Q2).<\/li>\n<li>15:30 US: GDP (Q2), initial jobless claims (23 Aug).<\/li>\n<li>17:00 US: pending home sales (Jul).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_29819_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"2bd934d7-5efb-44fa-bbe2-8605e42729c9\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The main topics on today\u2019s agenda are as follows:<\/p>\n<ul>\n<li>The US-China trade conflict.<\/li>\n<li>The political crisis in Italy.<\/li>\n<li>Increased risks of a hard Brexit.<\/li>\n<li>Expectations that the ECB will ease its monetary policy at its September meeting.<\/li>\n<\/ul>\n<p>All the factors mentioned above are adding to investors\u2019 fears of a global economic slowdown. Moreover, the yield curve inversion is adding to this uncertainty, with the difference between 2- and 10-year US Treasury bonds at its highest since 2007. For the time being, the euro isn\u2019t expected to suffer too big a decline. The 1.1066 mark is expected to provide some support, as it did on the 16<sup>th<\/sup> of August.<\/p>\n<\/div>\n<\/div>\n<p><strong>By <a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alpari.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alpari.com On Wednesday the 28th of August, trading on the EURUSD pair closed slightly down. Movements on the pair were almost identical to Tuesday\u2019s. The bar pattern from Tuesday has been copied and superimposed over Wednesday\u2019s on the chart. We can see the euro dropping from 1.1098 to 1.1073. Yesterday\u2019s biggest loser was the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-154398","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=154398"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154398\/revisions"}],"predecessor-version":[{"id":154399,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154398\/revisions\/154399"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}