Key points to watch out for: Will Investors Strengthen Their Fed Rate Cut Forecasts? With investors increasing their Fed rate cut bets, the US dollar suffered during the first half of the week, despite recovering some ground last Thursday. After the softer-than-expected CPI data, Fed officials, including Chairman Jerome Powell, expressed confidence that price pressures […]
EUR/USD is hovering around 1.0895 in early Asian hours on the first day of the week. The falling US dollar (USD) is helping the pair. Later in the session, German retail sales data for May will be released, followed by the Chicago Fed’s June National Activity Index. Increased expectations related to the Fed rate cut […]
The EUR/USD gyrated around 1.0900 on Tuesday as markets struggled with hopes of a rate cut in September, hopes that were left on the high side even more so after US retail sales figures appeared to soften more than expected in June. Markets have dismissed the start of a Fed rate cutting cycle for September, […]
Key points to watch out for: European Central Bank Meets Amid Stagnating Inflation The European Central Bank ends its two-day policy meeting on Thursday, 19 July, but interest rates are expected to remain unchanged after being cut by 25 basis points at last month’s meeting. The June decision proved controversial, as policymakers inadvertently locked in […]
Another very ambitious week saw the EUR/USD pair trade with generous gains and extend its positive streak for the third week in a row, approaching the 1.0900 level. Last week was dominated by Fed Chairman Jerome Powell’s speech to Congress and the Senate, and US data gained importance for market traders. With the semi-annual testimony, […]
The euro started the week on a softer note, although the outcome of the elections in France did not prove to be a hard blow, and the single currency may continue its recovery in the short term. The EUR/USD exchange rate softened on Monday after the results of the French elections and an unexpected result […]
Key points to watch out for: Euro Investors Are Keeping an Eye on the French Elections Currency market traders will be on the edge of their seats on Sunday, in anticipation of Monday’s opening and the impact the second round of the French election will have on the market. The far-right National Rally (RN) party […]
The EUR/USD is trading in a downtrend on Monday. Uncertainty in France following Sunday’s parliamentary runoff election has put some selling pressure on the Euro (EUR). Also, later in the session, the Eurozone Sentix Investor Confidence for July will be released. According to The Economist, exit polls indicated that the left-leaning New Popular Front (NFP), […]
The EUR/USD remained above the 1.0700 barrier throughout Tuesday. There were no surprises from either Lagarde or Powell for the markets. The focus will be on US data and the FOMC Minutes on Wednesday. Additionally, the ISM Services PMI survey will be released on Wednesday, which could also influence the market. It should be remembered […]
Key points to watch out for: Macron’s move may turn out to be a shot in the dark Political risks again weighed on the euro during June, as a resurgence in popularity of far-right political parties caused jitters in financial markets. France has been at the center of this resurgence, where the party led by […]
