{"id":3139,"date":"2023-05-31T07:25:25","date_gmt":"2023-05-31T07:25:25","guid":{"rendered":"https:\/\/blog.trive.com\/?p=3139"},"modified":"2023-05-31T07:25:27","modified_gmt":"2023-05-31T07:25:27","slug":"asian-session-traders-ditch-the-euro-in-favour-of-the-greenback","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/de\/handel\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/","title":{"rendered":"Asian Session Traders Ditch The Euro In Favour Of The Greenback"},"content":{"rendered":"<p>The EURUSD currency pair shed 35 basis points in the early hours of Wednesday\u2019s trading as the Greenback strengthened on the back of weakening economic activity from the world\u2019s second-largest economy, China. Recessionary fears spiked due to slightly weaker market conditions in China\u2019s services and manufacturing industries, leaving the Greenback in the limelight as a go-to safe haven asset.&nbsp;<\/p>\n\n\n\n<p>Traders will be data-watching for most of today, with German Inflation and U.S. Job Openings oncoming. Market participants will likely question whether the data prompts rate hikes by the European Central Bank and\/or the Federal Reserve.&nbsp;<\/p>\n\n\n\n<p><strong>Technische Analyse<\/strong>&nbsp;<\/p>\n\n\n\n<p>The EURUSD currency pair&#8217;s downtrend has dragged on, with the price stretching lower within a descending channel pattern while the 100-day moving average&#8217;s distance above the price extends. A breakdown below support on high volume at the 1.07122 level has left the level serving as a resistance point. The 1.06356 level, which forms a swing low established in March, now serves as the intermediate support level.&nbsp;&nbsp;<\/p>\n\n\n\n<p>If bearish pressure sustains on the back of recessionary fears and weak European economic data, the 1.06356 level could come into play, given that bearish volumes support a move lower. Alternatively, a reversal could play out if bullish traders creep back into the market. If downside volumes taper off, it could indicate the wearing out of bearish momentum and a probable reversal in play. The 1.07122 level will likely be bullish traders&#8217; next point of interest.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"484\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-22-1024x484.png\" alt=\"\" class=\"wp-image-3140\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-22-1024x484.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-22-300x142.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-22-768x363.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-22-1536x727.png 1536w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-22-18x9.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-22.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Zusammenfassung<\/strong>&nbsp;<\/p>\n\n\n\n<p>The markets will today be navigating between vital economic data from Europe&#8217;s biggest economy along with the world&#8217;s biggest economy. Further weighing on the uncertainty will be the Debt Ceiling vote today, which will either result in the U.S. avoiding a catastrophic default or not. If risk within the markets abounds, the Greenback&#8217;s strength could shine on, with the 1.06356 level likely to come into play.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Quellen: Reuters, TradingView&nbsp;&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>The EURUSD currency pair shed 35 basis points in the early hours of Wednesday\u2019s trading as the Greenback strengthened on the back of weakening economic activity from the world\u2019s second-largest economy, China. Recessionary fears spiked due to slightly weaker market conditions in China\u2019s services and manufacturing industries, leaving the Greenback in the limelight as a [&hellip;]<\/p>","protected":false},"author":6,"featured_media":2644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asian Session Traders Ditch The Euro In Favour Of The Greenback - Trive Blog<\/title>\n<meta name=\"description\" content=\"The EURUSD currency pair shed 35 basis points in the early hours of Wednesday\u2019s trading as the Greenback strengthened on the back of weakening economic activity from the world\u2019s second-largest economy, China.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.trive.com\/de\/handel\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian Session Traders Ditch The Euro In Favour Of The Greenback\" \/>\n<meta property=\"og:description\" content=\"The EURUSD currency pair shed 35 basis points in the early hours of Wednesday\u2019s trading as the Greenback strengthened on the back of weakening economic activity from the world\u2019s second-largest economy, China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.trive.com\/de\/handel\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/\" \/>\n<meta property=\"og:site_name\" content=\"Trive Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T07:25:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-31T07:25:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/04\/THUMB-EURUSD-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Asian Session Traders Ditch The Euro In Favour Of The Greenback\" \/>\n<meta name=\"twitter:description\" content=\"The EURUSD currency pair shed 35 basis points in the early hours of Wednesday\u2019s trading as the Greenback strengthened on the back of weakening economic activity from the world\u2019s second-largest economy, China.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/04\/THUMB-EURUSD-2.png\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 Minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.trive.com\/trading\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Asian Session Traders Ditch The Euro In Favour Of The Greenback\",\"datePublished\":\"2023-05-31T07:25:25+00:00\",\"dateModified\":\"2023-05-31T07:25:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/\"},\"wordCount\":330,\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"articleSection\":[\"Trading\"],\"inLanguage\":\"de-DE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.trive.com\/trading\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/\",\"url\":\"https:\/\/blog.trive.com\/trading\/asian-session-traders-ditch-the-euro-in-favour-of-the-greenback\/\",\"name\":\"Asian Session Traders Ditch The Euro In Favour Of The Greenback - 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