The EUR/USD lost a third of a percentage point on Tuesday as investors huddle in anticipation of Wednesday’s PMI figures from both Europe and the US. Notably, PMI numbers will open the session in Europe today, with markets expecting a small uptick in Eurozone services PMI numbers to 53.0 in July, after posting 52.8 in […]
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, […]
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 […]
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 […]
EUR/USD rises near 1.0750 as Le Pen’s National Rally leads the first round. The pair continues its winning streak as the latest inflation data increase the chances of Fed rate cuts this year. Core inflation in the US rose to 2.6% in May, down from 2.8% in April. Meanwhile, the euro received support as Marine […]
The EUR/USD has been moving higher, with most of the day’s trading around 1.0744 after two straight sessions of declines, as investors analyzed new economic data and monetary policy estimates ahead of the first round of the French legislative elections on June 30. Regarding the economic calendar, the most recent business survey from Germany’s Ifo […]
Key points to watch out for: Will the CPI data confirm the Fed’s rate cut estimates? Although the Fed’s updated dot plot pointed to a mere quarter-point reduction by the end of the year, the poorer-than-estimated CPI numbers a few hours before the decision a couple of weeks ago did not convince market participants about […]
