Key points to watch out for: All Eyes on U.S. Data as the Fed Turns Hawkish In September, the Federal Reserve’s unexpected decision to cut rates by about 50 basis points appears to linger in the market’s memory, as policymakers have now taken a more hawkish stance. U.S. economic indicators since the September meeting have […]
The EUR/USD remains steady at 1.0790 after posting losses in the previous session. However, the pair could be impacted by a stronger dollar, as recent positive U.S. economic data has bolstered expectations for a less dovish Fed approach in November. On Friday, the Michigan Consumer Sentiment Index rose to 70.5 in October, up from 68.9 […]
EUR/USD extended its downward movement on Tuesday, retreating about 0.16% and testing a key technical barrier that could lead to fresh 16-week lows if the price breaks below this support level. European Central Bank President Christine Lagarde made several appearances on Tuesday, but her remarks, which were fairly generic, did little to support the euro. […]
Key points to watch out for: Bank of Canada Likely to Cut Rates by Half a Point Estimates that the Bank of Canada will cut rates by 50 basis points at its October meeting have increased following the latest CPI data. However, markets are not entirely convinced that there will be a significant move, so […]
The EUR/USD may face challenges due to shifts in market estimates regarding monetary policy and interest rate outlooks. Currently, the U.S. dollar has gained ground as the likelihood of a rate cut by the hawkish Federal Reserve in November diminishes. Meanwhile, the European Central Bank is expected to intensify its monetary policy easing to boost […]
The EUR/USD pair continued its bearish trend on Tuesday, dropping about one-fifth of a percent and sliding below the 200-day Exponential Moving Average (EMA). The price closed below the 1.0900 level for the first time since early August. The pair is now down nearly 3% from its late September highs, which were just above the […]
Key points to watch out for: Is the ECB Rate Cut a Reality? After the RBNZ cut interest rates by 50 basis points last Wednesday, attention shifted to the ECB. Although Chair Lagarde and her colleagues initially did not support a rate cut for October, their stance began to shift following disappointing PMI data and […]
The EUR/USD pair held steady on Tuesday, unable to regain the 1.1000 level but pausing the recent Fibonacci retracement from the 1.1200 area. The euro, which had seen losses after hitting a one-year high in late September, is again falling toward the 1.0950 zone, as the dollar strengthened across the board. European data has been […]
Key points to watch out for: Dollar Rallies on Safe-Haven Flows and Positive Data The U.S. dollar saw a sharp rally last week after Federal Reserve Chairman Jerome Powell hinted at continuing rate hikes of 0.25%, bolstering confidence in the economy.This rally was further supported by safe-haven flows triggered by Iran’s missile strikes on Israel, […]
EUR/USD starts the week with subdued sentiment after last week’s sharp losses, bringing the pair to its lowest level since mid-August following positive U.S. jobs data on Friday. Spot prices are hovering near 1.0975 and appear vulnerable to continuing the sharp pullback from the 14-month highs around 1.1200. The U.S. dollar is strengthening at a […]
